"The more employees there are inside a company with access to sensitive customer information, the higher the risk that access is going to be abused," said R.J. Cross, highlighting the inherent risks of insider access to consumer data.
Nearly a decade ago, then-New York Attorney General Eric Schneidermann warned major banks to boost their internal security measures after finding insider leaks were on the rise, a warning that evidently went unheeded.
The banks contend to lawmakers and the public that the customers are responsible for ensuring they don't get scammed - but the trend has only worsened over time, indicating a failure in security accountability.
Elder fraud complaints to the FBI's Internet Crime Complaint Center spiked 14% last year, revealing a growing victimization of vulnerable populations due to insider information leaks in banking institutions.
Collection
[
|
...
]