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.
Black Hat USA returns to Las Vegas with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions, and service providers in the Business Hall. Click for information on the conference and to register.
About the Author(s)
You May Also Like
The fuel in the new AI race: Data
April 23, 2024Securing Code in the Age of AI
April 24, 2024Beyond Spam Filters and Firewalls: Preventing Business Email Compromises in the Modern Enterprise
April 30, 2024Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024