Thursday July 16, 2020

Reputational risks around security

Managing the security risks around data is yet another headache for financial institutions, writes Gordon Smith

7th March, 2009

Who would trade places with a banker these days? Even before the economic crisis gathered momentum last year, they were in the spotlight for security breaches such as the laptops stolen from Bank of Ireland containing information about more than 30,000 customer accounts.

IT security industry sources believe laptop thefts are the rule, not the exception.

‘‘It’s a case of ‘hands up the first person who hasn’t lost something’,” said Michael Conway, managing director of Renaissance,...

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