Visual Security In Banking & Finance – A Brief Insight
Some Sobering Statistics
Visual data security statistics and associated potential fines should be kept in mind by all financial organisations.
£1.6 million Fine imposed on HSBC Life UK for lack of adequate protection of customer’s confidential details 1
80% chance that you’ve already become a victim of others reading over your shoulder 2
96% of data breaches in 2010 were avoidable 3
52% of laptop users in the UK are ignoring visual security issues 4
67% of working professionals surveyed in the US had worked with some type of sensitive data outside the office 5
Sources: 1 Fines table – 2009, FSA, 17/07/09 2 Research commissioned by 3M UK PLC 2007 3 Symantec Corporation – 2010 Annual Study: UK Cost of a Data Breach 4 Verizon – Data Breach Investigations Report 2011 5 Visual Data Breach Risk Assessment Study, by Herbert H. Thompson, Ph.D., Chief Security Strategist, People Security Consulting Services PLC, 2010.
All It Takes Is A Pair Of Eyes
It doesn’t take an IT security expert to gain access to a company’s, or its customers’, confidential data… just a pair of eyes. As more and more workers access and process company information in non-secure locations such as on a train or in a cafe – even in open-plan offices and banking halls – on-screen content can be easily viewed by someone unauthorised sitting next to, or simply passing by, a device user.
Adhere To FCA Guidelines On Data Security
3M™ Privacy Filters and Screen Protectors can help companies adhere to FCA guidelines on data security which includes the advice that ‘firms must take special care of their customer’s personal data’ and ‘arrange adequate protection for clients’ assets when it is responsible for them’.
A Growing Number Of Banks And Financial Institutions Are Actively Upgrading Their Visual Security.
Leading organisations in the banking and financial sector have recognised the consequences of visual data breaches. Having identified the increased risks associated with new business trends such as the growth in popularity of open-plan retail banking, hot desking and remote working, pro-active institutions are now rolling out 3M visual security products to help protect their data wherever business is conducted.
Did You Know?
RBS and Natwest recommend the use of privacy screens to all customers to combat the threat of shoulder surfing.All Financial services companies should take similar precautions to protect their sensitive data and that of their customers.