Middle East financial firms under phishing attacks

Reactive approach makes organisations vulnerable to targeted security attacks, warns RSA.

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By  Mark Sutton Published  September 4, 2007

Too many organisations in the Middle East still approach security on a reactive basis, making them vulnerable to targeted security attacks, RSA has warned.

The RSA Anti-Fraud Command Center (AFCC) of the RSA, the security division of EMC, reported a number of phishing attacks in July, with banks in Saudi Arabia and Dubai, as well as a major financial services provider being targeted. The vendor will be promoting the benefits of an information centric approach to security during GITEX.

"Businesses in the Middle East are unquestionably facing an ‘information security dilemma' - they may have specific tools to address individual aspects of security but fail to take a proactive and comprehensive approach to securing their information," said Kieran Hernon, sales manager, Middle East, RSA.

"We're advising our existing and new customers at GITEX that security is part of the information management process, and it cannot be addressed effectively through projects and products designed to firefight individual threats," he added.

RSA's information-centric approach addresses moves away from simply protecting the network perimeter and instead looks to protect critical data wherever it resides. Identity management to authenticate users and determine which data they can access is another element of the approach, as is the need to manage any data which is required for regulatory compliance and to manage the security policy.

By following an information-centric approach, organizations can the benefits of integrated communications, without exposing themselves to the threats.

"Too many companies view security as a business inhibitor - something which prevents them from addressing challenges without fear and moving their company, or even their industry, forward. RSA believes that adopting an information-centric approach, whereby information is protected irrespective of where it resides, travels or is stored, can help businesses to lift limitations, rather than inhibiting them," Hernon added.

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