Magazine article Security Management

LAN and E-Mail Exposure: The Bottom Line

Magazine article Security Management

LAN and E-Mail Exposure: The Bottom Line

Article excerpt

Local area networks (LANs) and e-mail create notorious security exposures. The lack of privacy, the risk of losing essential business information, and other threats can have a significant impact on the bottom line. According to Robert W. Edwards, PhD, president of Risks, Limited, of Keedysville, Maryland, "Losses can easily exceed insurance coverage."

Edwards, who spoke at the American Bankers Association 12th Annual National Security and Risk Management Conference in Phoenix, explained the types of exposures LANs and e-mail present. Both are vulnerable to fraudulent activities, but LANs also create new opportunities for software copyright violations and the possibility of losses from system outages. E-mail is threatened by the disclosure of information.

Edwards explained that system outages present the potential for massive uninsured losses, disruptions of the customer base, and, in the case of banks, regulatory non-compliance. Since due diligence issues for system implementation and recovery lead directly to a bank's board of directors, such risks affect a bank's director's and officer's liability, usually its most costly insurance.

The difficulty of controlling licensed software in distributed systems is another concern for LAN users. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.