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vnewman
vnewman
11/13/2017 9:30:16 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
It is definitely a double edge sword. On one hand we aren’t very likely to end up on the front page of the New York Times because of a data breach. On the other hand any given task can take our users twice the amount of time to complete if not more. There is a lot of frustration and pressure to meet deadlines that Are unrealistic and given the constraints and be secure environment

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srufolo1
srufolo1
11/13/2017 2:06:35 AM
User Rank
Platinum
Re: Security Spending to Hit $118B

@vnewman It's comforting to know that banks have really beefed up security. But I can see how such exhaustive measures would create huge demands on your time, IT and human resources.



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dlr5288
dlr5288
10/31/2017 8:14:26 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
Very interesting way to put it! But it’s verybtrue. It’s so easy for people to steal money electronically now, why would they risk actually going somewhere?

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afwriter
afwriter
10/28/2017 10:12:20 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
@vnewman I would imagine that its exhaustive, but it beats the alternative. 

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vnewman
vnewman
10/28/2017 5:52:21 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
@afwriter - I work for a global law firm who does work for a majority of the big banks and i will tell you, the security procedures we have to follow in order to just do business with them are exhastive.  There are constant audits and they can come in and perform one at any point in time to see if we are following all the procedures we have set up meet their requirements.  It costs us a lot in terms of time, IT and human resources.

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srufolo1
srufolo1
10/27/2017 11:13:41 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
@afwriter Anytime you put your social security number out there on any site, it's a risk. If I didn't need a bank account for some direct deposits, I would close all the accounts and just keep my money in a fire-proof safe at home. 

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afwriter
afwriter
10/26/2017 10:45:21 PM
User Rank
Platinum
Re: Security Spending to Hit $118B
Banks being hit would be a nightmare, though it will probably happen eventually. Robbers use keyboards instead of guns and ski masks now. 

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afwriter
afwriter
10/26/2017 10:33:40 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@srufolo1 I wish I could argue with you that they probably beefed up security after the Equifax incident, but we both know that you are right. 

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srufolo1
srufolo1
10/26/2017 9:29:47 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@afwriter Anyone who uses Credit Karma, as I do, is taking a chance on whether your social security and sensitive information is protected. That site is probably going to be the next one to be hacked. But I hope not. 

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elizabethv
elizabethv
10/26/2017 7:57:41 AM
User Rank
Platinum
Re: Security Spending to Hit $118B
@afwriter - Oh yeah, getting a social security number stolen is no joke. It happened to a friend of mine a few years ago, and my husband previously was a Finance Officer doing student loans and now he does Mortgages, so he's worked with people who have had it happen to them. Discover gives you a free credit score, and you legally have access to your reports every 3 months I believe it is. I always try to stay on top of those just because I watched what my friend went through a few years ago. There's definitely some piece of mind that comes with any monitoring service. It's why I keep my Discover card around, I love having my credit score every month, and knowing that it isn't doing anything wacky. 

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