Monday, May 4, 2015

The European Central Bank asks for Bank’s INFOSEC guarantees

Banks are the number one target of cybercrime today. And the European Central Bank knows it. That´s why it has sent a questionnaire to 123 banks, in order to know their INFOSEC status. How many of them have taken a good note? We'll also talk today about how law enforcement is planning to put an end to cibermafias, a Mozilla's idea to promote web safety and a fright in mid-air: When an app which guides the pilot suddenly stops working. 

INFOSEC has become number one priority for banking business regulators and is not trivial, if we consider that bank fraud attempts have doubled in the past five years. Hence the European Central Bank has been interested in assessing how banks protect customer data through a questionnaire. The Bank of England has also explained its concern to those banks who oversees.
Quite possibly, these efforts are serving to improve a situation which worries increasingly much to the forces of the law, as was evident at the Global Conference on Cyberspace held in The Hague. There, the director of Europol explained that many of the attacks are directed against big banks and financial institutions and are becoming increasingly important for its sophistication. The need for a treaty to improve international collaboration was evident at the event, although the difficulty of carrying it out.

And while the joint action of the Countries looks like a pipe dream, small Initiatives arise everywhere. This is the latest from Mozilla: Prohibit sites which do not use the secure HTTPS protocol enjoy certain features of their products and even revoke programs that are already in use. Mozilla's announcement has been received with disbelief by the security community, who sees it as something impossible to carry out and also, suicidal for Firefox, Mozilla's browser.

And we ended up with a story to satay awake if you are  regular aircraft passengers: a failure at an app used by American Airlines pilots to view maps and flight plans, caused the cancellation of 50 flights last week and tens of delays in this company. And it is that sometimes cyber stuff may swap from aid to huge problem.

We can consider ourselves warned via this example: a plan B never hurts and one must not blindly rely on computers.


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