{"id":84,"date":"2015-12-21T15:56:24","date_gmt":"2015-12-21T19:56:24","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/bankinglaw\/?p=84"},"modified":"2015-12-21T15:56:24","modified_gmt":"2015-12-21T19:56:24","slug":"banks-target-employee-behavior-to-reduce-cyber-crime","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/bankinglaw\/2015\/12\/21\/banks-target-employee-behavior-to-reduce-cyber-crime\/","title":{"rendered":"Banks Target Employee Behavior to Reduce Cyber Crime"},"content":{"rendered":"<p>As reported in the <em><a href=\"http:\/\/www.wsj.com\/articles\/banks-battle-staffers-vulnerability-to-hacks-1450625921,\"><u>Wall Street Journal<\/u><\/a><\/em> on December 21, banks are spending enormous sums on cybersecurity (Wells Fargo\u2019s CEO John Stumpf says \u2018It is the only expense where I ask if it\u2019s enough\u2019), and much of that is directed towards reducing risks from employees who unwittingly make it easier for hackers to breach a bank\u2019s defenses. Employee error results in approximately 30% of data breaches, according to a survey released last month by the Association of Corporate Counsel. Banks in particular face substantial risk because they possess so much customer information, as well as huge sums of money.<\/p>\n<p>Among the ways that cybercriminals gain access to protected data are out of office messages on work computers and phones , and vacation photos posted on social media ( which signal unmonitored computers ). A significant risk is posed by employees opening phishing emails, especially the increasingly sophisticated \u201cspear phishing\u201d emails, that appear to be requests from high-ranking bank officials. Many banks send employees simulated phishing attacks . The opening of one of these fake phishing emails may, for example, start a video to educate the employee on how they should have handled the situation.<\/p>\n<p>These efforts are another indication that fighting cyber crime involves virtually all parts of an organization, not just the IT department.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As reported in the Wall Street Journal on December 21, banks are spending enormous sums on cybersecurity (Wells Fargo\u2019s CEO John Stumpf says \u2018It is the only expense where I ask if it\u2019s enough\u2019), and much of that is directed towards reducing risks from employees who unwittingly make it easier for hackers to breach a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/bankinglaw\/2015\/12\/21\/banks-target-employee-behavior-to-reduce-cyber-crime\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Banks Target Employee Behavior to Reduce Cyber Crime&#8221;<\/span><\/a><\/p>\n","protected":false},"author":30,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[90],"ppma_author":[331],"class_list":["post-84","post","type-post","status-publish","format-standard","hentry","category-general","tag-cybersecurity"],"authors":[{"term_id":331,"user_id":30,"is_guest":0,"slug":"rcunger","display_name":"Richard C. Unger, Jr.","avatar_url":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-content\/uploads\/sites\/14\/2014\/08\/ungerrick-125x150.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/84","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/comments?post=84"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/posts\/84\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/media?parent=84"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/categories?post=84"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/tags?post=84"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/bankinglaw\/wp-json\/wp\/v2\/ppma_author?post=84"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}