RSAC: Your Bank May Be Secure, But Its Third-Party Vendors Aren't

  • 24 February 2014
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With its thick walls, massive vaults, and in-house security detail, an old-fashioned bank building is the very picture of solidity. Online banks and financial institutions don't share this level of physical security. In fact, through connections with third-party partners the edges of such an institution can be tenuous indeed. At the RSA Conference in San Francisco, Lookingglasss Cyber Solutions released a study that reveals a shocking lack of security among those third-party vendors.
This kind of problem has been in the news recently. The massive Black Friday data breach at Target, originally thought to be an "inside job," turned out to have a third-party origin. Specifically, the attack came through Target's provider of HVAC services. The company's owner described it as "a sophisticated cyber attack operation," but the data from Lookingglass suggests that sophistication isn't always needed.
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