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Friday, April 01, 2011

Bank of America moves to further ramp up security with new CISO

Bank of America has named Patrick Gorman, a veteran government and corporate technology executive, as its new chief information security officer.

Gorman was most recently a senior executive adviser at Booz Allen Hamilton, a consulting firm hired by Bank of America after whistleblower Web site WikiLeaks late last year said it planned release thousands of insider documents that it had obtained from a former bank worker.

Gorman will be responsible for overseeing the bank’s overall information security strategy; he will report to CTO Marc Gordon, according to a Bank of America statement issued on Thursday.  The bank has been in damage-control mode since WikiLeaks founder Julian Assange disclosed last November that WikiLeaks held more than 5GB of internal data, including tens of thousands of sensitive internal documents, from an unnamed major U.S. bank.  In fact, in a 2009 interview with the IDG News Service, Assange said WikiLeaks had obtained some 5GB of data that had been stored on the hard drive of a Bank of America executive.

In January, the New York Times reported that the bank had assembled a 15-to-20-person team to develop a damage-control plan in the event that WikiLeaks followed through on its threat.  The team, which is headed by Bruce Thompson, Bank of America’s chief risk officer, was tasked with conducting a broad internal investigation to determine what documents might have been leaked.

In February, WikiLeaks released a document that appeared to show that the bank had hired three intelligence firms to help develop a strategic plan of attack against WikiLeaks.

And last month, a group known as Anonymous, which is a loose affiliation of hackers who support the WikiLeaks cause, released email messages and documents that purportedly prove mortgage fraud.

http://www.computerworld.com/s/article/9215426/Bank_of_America_moves_to_further_ramp_up_security_with_new_CISO?source=CTWNLE_nlt_pm_2011-04-01

Posted on 04/01
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