This Week in 60 Seconds: Net Neutrality, IT Hiring - InformationWeek

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This Week in 60 Seconds: Net Neutrality, IT Hiring
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Drew Conry-Murray
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Drew Conry-Murray,
User Rank: Ninja
11/21/2014 | 11:09:04 AM
Re: Chase Manhattan Bank: Lack Of Cyber Security Know - How
Ha! I love it. A big fat letter grade on every store front and homepage. To be fair, though, infosec is really tough. I think are probably organizations who follow best practices and legitimately do everything they can to secure data, but attackers only have to get it right once to undo all that effort. What really frustrates me is companies that claim ignorance when they should've known better.
ClassC
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ClassC,
User Rank: Moderator
11/21/2014 | 7:55:43 AM
Re: Chase Manhattan Bank: Lack Of Cyber Security Know - How

@Drew Conry-Murray       Great question !    I don't know of any organization doing a good job of protecting our data.  Of course, we only hear of those that "drop the ball" but there has to be at least a few companies that actual do safeguard your data.  

And as far as I know there is no way for the customer to tell.   Which brings up an idea,  we could rate companies on their security and have it posted on their entrances - like restaurants do for cleanliness.

Drew Conry-Murray
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Drew Conry-Murray,
User Rank: Ninja
11/17/2014 | 10:03:09 AM
Re: Chase Manhattan Bank: Lack Of Cyber Security Know - How
So here's a question: do we know of any organizations that are doing a good job protecting customer data? As a consumer, is there any way to tell?
ClassC
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ClassC,
User Rank: Moderator
11/15/2014 | 8:51:09 PM
Re: Chase Manhattan Bank: Lack Of Cyber Security Know - How

"...the one recourse we have is to let these organizations know that they won't be getting our business if they can't be good stewards of our data."

 

@Drew Conry-Murray    I couldn't agree more.   If you don't live up to your end of the bargain with them ( banks ), they have no problem using the tools available to them, so what do we do when they don't live up to their end of the bargain ? 

Just as you say, take your business elsewhere, because that is all most business and especially banks understand.  Anyone who still holds an account at Chase is condoning their amatuerish security measures and should be prepared to have their identity compromised at any time.   Heck, it already has been.

Drew Conry-Murray
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Drew Conry-Murray,
User Rank: Ninja
11/14/2014 | 11:04:12 AM
Re: Chase Manhattan Bank: Lack Of Cyber Security Know - How
I share your frustrations with large organizations that are gathering up my data, but don't seem capable of protecting it. I think the one recourse we have is to let these organizations know that they won't be getting our business if they can't be good stewards of our data.
ClassC
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ClassC,
User Rank: Moderator
11/9/2014 | 5:45:08 PM
Chase Manhattan Bank: Lack Of Cyber Security Know - How

My large cyber concern is the banking industry.   The recent major breech at Chase for instance is completely unacceptable.  They spent millions on security and apparently all that resulted was a dollar spent per record compromised.   

 

If we cannot trust industries like banking to be able to protect data then what chance do the rest of us have ?   I don't understand how there  is not more uproar about this but at least I don't bank with Chase.

 

And never will. 



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