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Banks - cutting Security corners ...?

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This thread's last reply is from . Advice, software, and links below may be out of date — treat specific steps and download links with caution.

FYI…

UK banks cut corners securing customer data - put bank accounts at risk
- http://www.itsecurityportal.com/itsecurity…rticleid=266023
17 March 2011 - "Consumers today are faced with an onslaught of attempts to steal their personal information, ranging from identity theft, to credit card and banking details. Worringly, according to a study commissioned by Informatica Corporation, UK banks are cutting corners when securing customer data used in software development and testing. 85 per cent of data used during software development and testing is made up of customer information. However, well over a third (43 per cent) of IT professionals surveyed are not taking any steps to protect the data used during this process. As a result, banks are leaving their customers at risk from personal data loss. Almost half (41 per cent) of respondents admitted that their organisation uses less stringent safeguards to protect confidential data during the testing and development of their web portals and applications than during the initial production stage. This approach appears to be a result of confusion over culpability when it comes to data protection. The majority of respondents, 27 per cent, said that no one department has responsibility for protecting this data, whilst another 16 per cent revealed that responsibility lies with their business heads…"
- http://www.informatica.com/news_events/pre…_bank_risk.aspx
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