Threat of the Week: The End of Perimeter Security?
You hear this quip ever louder at gatherings of security professionals. There are two kinds of organizations. Those that have been breached and liars.
Ask yourself: Which are you?
But beyond the firewall, then what? Matt Lane, a vice president at security firm 41st Parameter, wrote his recipe in an email: “While there is no panacea when it comes to account security, a layered defense is the best way for a financial institution to ensure they are as protected as possible.
“Layering a strong authentication system at the front door, an account surveillance and anomaly detection system to monitor activity inside the account that may precede a monetary event, and a transaction monitoring system scrutinizing suspicious money movement will ensure a financial institution has eyes in all of the right places regardless of how a fraudster chooses to perpetrate a particular attack.”