Logethica

Level 12
Research Finds Malware In 75% Of The Top 20 Banks In The U.S.:

SecurityScorecard published its annual report which analyzes the security level of financial institutions and lists their vulnerable areas. The 2016 Financial Cybersecurity Report covers 7,111 global financial institutions. The company analyzes investment banks, commercial banks, asset management firms and other financial institutions.

Some of the key results from the report are listed below:

  • 75% of the top 20 commercial banks in the U.S. (ranked by revenue) were found to be infected by a form of malware.
  • The Bank of America is the only member from the list of the top 10 largest banks to receive an overall grade “A” for security.
  • The US Commercial bank has the lowest security rating. The institution is in the top 10 of the largest financial service organizations in the U.S. (ranked by revenue).
  • 95% of the top 20 U.S. Commercial banks (ranked by revenue) were given a Network Security grade of “C” or below.
  • Almost 20% of the financial institutions examined were found to be using an email service provider which has significant security vulnerabilities.
  • The top ranked investment banks in terms of IT security include Goldman Sachs, BNP Paribas Fortis, Banco Popolare and Exchange Bank.
For more Information please visit the link at the top of the page
 
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So what does this tell you ?

It tells you that you can have a 100 % clean home system, but once you put data onto another system - your data is at risk.

You cannot protect data that is not on any system over which you have no control.

The only way to protect personal data is not to put it on another system in the first place - but in today's digital age - that is considered:

1. Impossible
2. Impractical

Getting your personal data removed (even partially) from another system is a complete mind-bending, exasperating task - if you can do it at all.

Every time you sign an agreement with a bank, a medical organization, an insurance company, credit card company, or swipe your credit\debit card at a POS terminal, etc, etc - you basically sign your IT-data rights away.

Very simple concept that few people think about...
 

FrankS

Level 3
Verified
So what does this tell you ?

It tells you that you can have a 100 % clean home system, but once you put data onto another system - your data is at risk.

You cannot protect data that is not on any system over which you have no control.

The only way to protect personal data is not to put it on another system in the first place - but in today's digital age - that is considered:

1. Impossible
2. Impractical

Getting your personal data removed (even partially) from another system is a complete mind-bending, exasperating task - if you can do it at all.

Every time you sign an agreement with a bank, a medical organization, an insurance company, credit card company, or swipe your credit\debit card at a POS terminal, etc, etc - you basically sign your IT-data rights away.

Very simple concept that few people think about...
Yes...sad, but true. I don't want to know which dumbasses handle my data on their Windows Malware-Edition systems...