Largest Banks Under Constant Cyber-attack, Feds Say

Defending against cyber-attacks accounts for a significant portion of the $25 billion banks worldwide spend annually on security technology.

Homeland Security chief Janet Napolitano says the nation’s largest financial institutions “are actively under attack” by cyber criminals, and one expert says it is a trend contributing to the rising security costs of banks.

Napolitano told attendees of a cyber security event hosted by The Washington Post that the attackers were stealing information and money, but refused during questioning to provide details. “I really don’t want to go into that per se,” she said, according to a report in The Hill. –  CIO

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Makaseh protects data on the cyber space.  Watch short video on YouTube