Protect your business with a security and compliance solution for financial services and organizations from IBM
Application security and compliance solutions to support your business objectives
IBM | 05 October 2011, 10:31 | IT Security
It’s a disaster waiting to happen. At the same time that financial services organizations are becoming more reliant on Web technology to deliver innovative features and services to their customers, hackers are increasingly targeting Web applications. According to a recent IBM Internet Security Systems X-Force® research and development team report, 50.4 percent of all vulnerabilities disclosed so far in 2009 are Web application vulnerabilities. Undetected vulnerabilities in Web applications or Web services can leave organizations at risk of security breaches from external or even internal sources.
And network security measures such as firewalls and intrusion detection systems don’t address the risks presented by vulnerable Web applications, which often expose valuable and confidential back-end resources, such as customer databases.
Unfortunately, these aren’t the only issues financial services organizations are facing. Compliance with regulations such as the Payment Card Industry Data Security Standard (PCI DSS), Children’s Online Privacy Protection Act (COPPA), Gramm-Leach-Bliley Act (GLBA) and Sarbanes-Oxley Act can be a challenge.