IP: Banks: A veil of safety

[Dave Farber <dave@farber.net>]

Damn it, time to stop playing at security and start spending money to insure
it   djf


------ Forwarded Message
From: Monty Solomon <monty@roscom.com>
Date: Wed, 1 May 2002 02:19:13 -0400
To: undisclosed-recipient:;
Subject: Banks: A veil of safety

Banks: A veil of safety

By Sandeep Junnarkar
Staff Writer, CNET News.com
April 30, 2002, 4:00 AM PT

Late one recent Sunday night, an executive at a midsized financial
services firm received the kind of call everyone in the industry
dreads: a demand for $1 million, or else the brokerage's network
would crash the next day with a surreptitiously installed program.

The firm's security team spent a frenzied night searching for the
pernicious code but failed to find it, and the system went down for
an hour in the morning. The executive's phone rang once more: The
caller threatened to crash the system again, but this time during
peak trading hours. The brokerage, in this case, paid up.

...

http://news.com.com/2009-1017-893226.html




------ End of Forwarded Message

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