Feeds

Electronic forgery menaces humanity

Bite you in the rear

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Electronic forgery is becoming a greater risk as more company information is stored electronically. But many organisations are ignoring the issue.

About 80 per cent of all company information is stored electronically, according to Fran Howarth, Security Practice Leader at Bloor Research, yet the most valuable and sensitive information is most often left unguarded. BT’s principal security consultant, Paul Hanley said: "The issues we have with electronic documents are they are very easy to open, to lend, modify and save. Electronic document forgery is one of the greatest emerging security threats which organisations will need to address."

Falsified corporate information such as financial press releases - as in the Emulex case in 2000 - or the possibility of forged bank statements grab most of the attention. But doctored expense claims and the like are also a potential problem, according to Hanley.

He made his comments during a recent debate on e-document forgery in London organised by Adobe. Figures on the financial impact of e-document forgery were thin on the ground but panelists agree the firms were giving insufficient attention to application or document management risks when formulating security policies. Firms are relying too much on firewalls and anti-virus software, according to Mark Wheeler, European group marketing manager at Adobe.

"A lot of investment has been around the movement of information and stopping people from actually penetrating the company’s ‘castle walls’. What we have been seeing is less investment in actually protecting the core assets, which is the actual documents, information and content that surrounds a business."

Professor Jim Norton, senior policy advisor at the Institute of Directors, reckons a lack of understanding of electronic document forgery and new terminology are confusing the issue.

“We now have old crime [fraud], but a wonderfully enhanced range of tools for carrying it out. It is actually the people part of this that comes to bite you in the rear. Technology can minimise the exposure to this people risk," he said. ®

Relaxed stories

Man arrested in Net hoax sting
Californian faces 100 years in jail and £10m fine for false press release
Adobe anti-counterfeiting code trips up kosher users
US man sued for Extreme share ramp scam

Internet Security Threat Report 2014

More from The Register

next story
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
Attack reveals 81 percent of Tor users but admins call for calm
Cisco Netflow a handy tool for cheapskate attackers
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.