Wi-Fi Networks Get Short Shrift On Security Front Opening CUs, Banks To Fraud

Credit Union Journal, The, June, 2006

While most financial institutions are extremely effective at protecting their wired communication networks, few give wireless network access the same level of security and attention, according to a new study.The new TowerGroup report "Wi-Fi Security: The Threats are Ruthless, the Solutions are Available, Are YOU Protected?" suggests "as increasing occurrences of data theft hit the financial services industry, Wi-Fi, if not properly managed, will emerge as a channel of significant threat to reputation and customer trust." "The first and perhaps the most onerous threat from Wi-Fi for financial institutions is rooted in faulty corporate IT strategy," said Bob Egan, research director of the TowerGroup Emerging Technologies practice and co-author of the research.

"Institutions...

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