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Bank gets lesson in the security failings of third parties

Evan Schuman | April 12, 2017
Brazilian bank was an easy target after its DNS provider was compromised.

The intent is not to be punitive. The goal is to force all partners to take their security as seriously as you do.

Oh, one other thing. If a partner offers you better security — as in two-factor authentication — take it up on it. The refusal by the bank won’t play well in a courtroom if lawsuits result from this attack.

Given that we are talking policy, you might want to consider a rule that no one can decline a partner’s extra security offer without several levels of approval. In writing. Nothing makes employees take security more seriously than the threat of paperwork.

 

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