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Security breaches within financial services damage far more than just reputation

Can someone please tell us what the point of Corporate Compliance Officers are?

"It costs the banking and finance industry far more than a dent in their reputation if personal data is compromised," said Simon Bain, CTO of Simplexo. It hits them where it hurts – the balance sheet. And we are not just talking dives in the share price, we are talking dramatic increases in the cost of doing business such as professional indemnity insurance and increasingly the impact this could also have on the ratings agencies themselves – what I would call the hidden cost of crisis management – and all this before we start looking at the total cost associated with upgrading and improving IT security systems."

: ZOE DAVIES, REALWIRE IN PARTNERSHIP WITH VIGILANCE; InfoSecurity; Posted On Wednesday, 01 August 2012 13:30

Avecto reports significant growth in 2012 Financial Year End Results

Year-on-year growth being driven by customer demand for Privilege Management Solutions

MANCHESTER, U.K. and BOSTON: Avecto, the leader in Windows privilege management, announced strong end of financial year results following what has been a year of great growth for the company. A key driver behind Avecto’s success is that it helps organisations combat the threat from today’s most dangerous and persistent malware. It continues to educate organisations to the risks exposed from granting users admin rights and helps them to implement a least privilege approach to combat this challenge. Avecto’s mission is to enable its customers to lower operating costs and improve system security.

: REGINE HARTMANN; InfoSecurity; Posted On Wednesday, 01 August 2012 13:19

MoD experts to help Iraqis destroy ‘Saddam Hussein’s’ weapons

Vigilance can reveal that Scientists from the Ministry of Defence are to provide training which will support the Iraqi Government’s efforts to dispose of remnants of the chemical weapons amassed during Saddam Hussein’s regime.

: JOHN ODEY ADUMA, EDITOR; International Security, Safety & Strategic Defence; Posted On Tuesday, 31 July 2012 12:41

BSIA hails new EU policy to increase export opportunities for UK security manufacturers

Vigilance can report that Members of the British Security Industry Association (BSIA) have welcomed the announcement of a EU-wide industrial policy for the security industry, issued yesterday (Monday 30th July) by the European Commission.