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The human factor

The human factor

Source: Deloitte Touche Tohmatsu

The human factor has overtaken technology as the leading IT security threat at the world's largest financial institutions, according to the 2005 Global Security Survey released by Deloitte Touche Tohmatsu (DTT).

Deloitte finds the biggest threat to bank security in the past year came from both internal insider attacks and from the phishing and pharming exploits of hackers targeting gullible consumers.

Despite the rising threat, future investment plans in security show that most of the budget is assigned to technology (64%), compared to only 15% for employee awareness and training.

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