Cyber Security Institute
Wednesday, March 03, 2010
Database Security Lacking at Financial Services Firms
Sloppy operating practices across the financial services sector leave firms vulnerable to breaches that could expose sensitive data or put customers’ and employees’ privacy at risk, according to a new study from the Ponemon Institute. The study, commissioned by enterprise software and consulting firm Compuware (NASDAQ: CPWR), identified several key areas where financial services companies could take a hit from loose data policies, including damage to the corporate brand and the erosion of consumer trust.