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Bank merger 'may have security implications'
Category: Disaster recovery
7 November, 2008
A project manager has been hired to oversee the Lloyds TSB and HBOS merger to ensure that the IT platforms of the two banks can be rationalised and meet company needs, it has been reported.Both banks have advanced IT systems and a high quality of staff, which makes it a difficult decision for the project manager Mark Fisher to decide which infrastructure should take precedence, ComputerWeekly notes.
Speaking to the technology resource, Justin Speake, chief executive officer at Bloor Research, says: "The challenge is less about the choice of platform and more about getting all the data in the right place and securing it."
Furthermore, customer and business data could be lost if the systems are left stranded, he adds, which could highlight the importance of large financial firms having comprehensive disaster recovery plans should a system upgrade meet difficulties.
In related news, PC World reports that a keystroke logger can infect a PC and record card details used to make online transactions, thus compromising the data security of a firm, although this may flag up an insecure database that needs to be addressed.
