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Vulnerabilities / Threats

7/29/2019
05:00 PM
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Deutsche Bank Email Vulnerability Left Ex-Employees with Access

Failures in computer and control systems are being blamed.

When Deutsche Bank left the equities trading business, employees in that division were let go. However, their access to their Deutsche Bank email accounts lasted for several weeks after they were shown the door.

While access to trading and other financial systems was immediately terminated along with the individuals' employment, email accounts were missed for some employees for a period of time. According to the bank, a review of the accounts shows that no confidential or inappropriate information was transferred after the employees left the company.

Some observers say the vulnerability, which has now been closed, is indicative of issues with the bank's computer systems and general controls. Deutsche Bank is now investing approximately $4.5 billion to address that.

Read more here

 

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giladsteinberg
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giladsteinberg,
User Rank: Author
9/27/2019 | 10:12:47 AM
Employee off-boarding is still a major issue
As long as the process is semi-manual and access is not centrally managed across all sensitive resources, these vulnerabilities will continue to happen.
tdsan
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tdsan,
User Rank: Ninja
7/30/2019 | 12:07:22 AM
Useless spending of money.
Interesting comment, spending billions of dollars I think it's frivolous use of money. They could write a python or powershell script to address this problem pretty nicely. But if they feel they would sleep better at night then so be it. Todd
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