Where is your IT manufacturer based? What used to be a trivial matter of image has now become a security issue. Three years after Edward Snowden’s revelations, CEOs understandably feel uncomfortable when their IT infrastructure consists of routers and switches from different vendors. Some companies are known to have been affected by the efforts of the American National Security Agency (NSA) either through code manipulation or backdoors in certain products. In relation to these developments, the quality label of IT security made in Germany carries even more weight.
Almost everyone in business has reason to be grateful for the existence of SWIFT, the international banking and funds transfer network. VPNs have a crucial role in SWIFT’s security, but following a series of successful attacks over the past 12 months it appears that not all banks – especially ones in less developed economies – have made security their top priority. The answer may lie with regulators insisting that VPNs are used not just in the core of the SWIFT network, but also as part of improvements to security measures at its outer limits.
Most people claim to know how important IT security is. The reality is somewhat different. Demands on employees time are high, there are millions of distractions and somehow the backup at the end of the day is forgotten. A reminder of the many threats facing professional and personal data (and bank accounts) can come in useful. The European Cyber Security Month (ECSM) is an entire month dedicated to promoting cyber security and will take place throughout Europe in October.