Academic journal article ABA Banking Journal

The Internet Is a Well Worn Channel, Yet Security Issues Remain

Academic journal article ABA Banking Journal

The Internet Is a Well Worn Channel, Yet Security Issues Remain

Article excerpt

On the campaign trail, it was the year of the blog. At the workplace, it's a time when an instant message exchange is as common as a conference call for getting the deal done.

E-commerce, e-banking, and all things "e" are well into the mainstream (see cover story, p.33).

Yet a decade into the "e-volution," security challenges continue to confound cyberspace.

One indicator that security isn't all that it should be? The Oct. 1 resignation of Amit Yoran, the government's director of the National Cyber Security Division at the Department of Homeland Security. Yoran, who had been with Symantec Corp. before joining the agency, could not be reached for comment. But in an article published by Federal Computing Week, colleagues indicated that he seemed frustrated by his inability to "move the ball forward."

Amit had expressed his discontent with the software industry months before he left the government post. At a conference for security managers and network operators held Last spring, Yoran indicated that common errors in production software such as buffer overruns were no longer acceptable in an increasingly threatening environment.

"It's inexcusable today," he said, as reported in eWeek. He called on the industry to come up with better methods of code examination.

At the time, Yoran also voiced concerns about the amount of software development that is being done offshore, saying that using code from developers who are unknown to the vendors can be risky.

In this month's Dialogue, Symantec executive, David Moulton, discusses security as it relates to compliance. (See Dialogue, which begins on p. 68.)

Threat report issued

Symantec also recently issued its Internet Security Threat Report underscoring the seriousness of virtual misdeeds.

No longer a diversion for bored geeks, hacking has morphed into a complicated set of cons with significant rewards. …

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