Inside or Outside? Or How Many Warren Lunches Would it Take...

Internal security breaches at the world's banks are growing faster than external attacks, as institutions invest in technology, instead of employee training.

According to the 2005 Global Security Survey, published by Deloitte Touche Tohmatsu, 35 per cent of respondents said that they had encountered attacks from inside their organization within the last 12 months, up from 14 per cent in 2004. In contrast, only 26 per cent confirmed external attacks, compared to 23 per cent in 2004.

The report, which surveyed senior security officers from the world's top 100 financial institutions, found that incidences of phishing and pharming, two online scams which exploit human behavior, are growing rapidly. These scams use bogus e-mails and websites to persuade people to reveal confidential information to hackers and fraudsters. "Completely malicious internal security threats are less likely than those caused through lack of training," said Gerry Fitzpatrick, enterprise risk services partner at Deloitte in Dublin, speaking to ElectricNews.net. "People need to understand how to classify data and treat it in a secure way."

Who Ordered the Curry on Wheat?
An undercover reporter was able to buy the details thousands of UK banking accounts, password particulars and credit cards numbers from crooked call centre workers in India, The Sun reports.