BAI Security – Mid-year Top-4 Security Risks

First, it should be noted that this list is compiled from IT Security Audits performed by BAI Security during January to July of 2013 and is not intended to be a comprehensive list of all security risks.  BAI Security specializes in auditing regulated organizations, such as those in banking and finance, pharmaceutical, healthcare, insurance, and […]

New Guidance Released by NIST Redefines Assurance & Trustworthiness for Financial Institutions

On April 30th, 2013 the National Institute of Standards and Technology (NIST) issued their latest version of essential guidance: Special Publication 800-53, Revision 4: Security and Privacy Controls for Federal Information Systems and Organizations.  Led by Ron Ross, a NIST fellow and the project leader, a team of computer scientists spent the past two years […]

2013 Insider Threat to Banks and Credit Unions – Data Leakage

The following is an excerpt from an article regarding the “Top IT Security Threats for 2013” “One of the areas we see a dramatic increase of concern is over data leakage,” says Michael Bruck of Chicago-based BAI Security.  “The ease in which an individual can export sensitive information from an internal network is chilling for […]

Live Experiment Demonstrates Disregard for Bank Security Policy

An experiment carried out within London’s financial district has demonstrated what security experts have been saying for years: employees – even those working with ultra-sensitive financial data – are unaware of or are far too loose with basic security practices. In the experiment, Flash Drives were handed out to commuters as they entered the city. […]

4 Tech Tips for Organizations Planning a Merger

Mergers, Acquisitions and Divestitures require special handling when bringing together two distinct organizations or separating a business from the remaining IT infrastructure. The technical environment can be rife with unsecure access points, un-patched servers, and incorrectly configured firewall settings. Information on the acquired company technical environment may be non-existent or incomplete and depending on the […]

7 out of 10 Bank IT Audits Inadequate

Are your IT auditors using best-of-breed commercial grade products or do they use freeware and open source IT Assessment tools?  Based on BAI Security’s review of previous IT auditor’s results, the majority of banks are being left exposed with potentially serious undiscovered vulnerabilities. The most common underlying factor in these environments is the actual testing […]