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New European report published on IT security awareness in the finance sector

27 November 2008

The European Network and Information Security Agency (ENISA) have published a report on Information security awareness in financial organisations. The report is for use by staff and decision-makers in financial organisations but IT security and BCM professionals from other sectors will find it interesting reading.

It seeks to promote information security awareness within organisations. The financial sector is increasingly threatened by information security breaches. The average loss caused by theft of customer information is on the rise, as is the cost of responding to security incidents. Security breaches in financial organisations not only damage reputation but also cause heavy financial losses (often including large fines), which can be difficult to recover from.

The report is written in three parts:

• Assessment of the financial organisations' environment and its main business drivers.
• An awareness raising programme for use in financial organisations.
• Practical advice in the form of recommendations and case studies provided by a number of private organisations and models.

The report explains the importance of information security awareness in financial organisations. It gives examples and solid evidence to back up its findings through use of case studies and recommendations for action. This is an important piece of work which contributes to the development of an information security culture across Europe. It can be downloaded for free from the following link: http://www.enisa.europa.eu/doc/pdf/deliverables/is_awareness_financial_organisations.pdf [2.18MB]

NOTE : ENISA is an EU agency created to advance the functioning of the internal market. The agency facilitates contacts between the European institutions, the Member States and private business and industry actors. Contact details: For contacting ENISA or for general enquiries on information security awareness matters, please use the following details: Isabella Santa, Senior Expert Awareness Raising — awareness@enisa.europa.eu