Security is now a key issue in the boardroomsof the world's largest banks according to the latest
research from Deloitte.
The survey, which included a quarter of the top global banks,
said 98% of banks are increasing investments in security owing to
increased board-level focus.
Mike Maddison, UK head of security and privacy services at
Deloitte, said that if you look at the level of interest in the
boardroom it is an indication of how important security is.
He said high-level
security breaches as well as regulations from the Financial
Services Authority and Information Commissioners Office are behind
this increased focus.
"Information is a core asset to a bank so it is very positive
that they are starting to take these steps," he said.
The biggest concerns among banks are security threats from
within. "The overwhelming majority of financial services
organisations (91%) are concerned about the risks arising
internally," said the report. "Although errors and omissions by
employees are identified as a major factor contributing to ongoing
security failures, almost a quarter (22%) of respondents provided
no employee security training over the past year and only one-third
of respondents (30%) say their staff is well skilled with adequate
competencies to respond to security needs."