Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk Management

01:09 PM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

Cyber Crime Film Draws Attention

Several dozen financial industry and technology professionals recently gathered at the Tribeca Grand Hotel in New York, to attend a private advanced screening of "The New Face of Cybercrime," a documentary film by Academy Award-nominated filmmaker Fredric Golding...

Several dozen financial industry and technology professionals recently gathered at the Tribeca Grand Hotel in New York, to attend a private advanced screening of "The New Face of Cybercrime," a documentary film by Academy Award-nominated filmmaker Fredric Golding.After the credits rolled, a panel of security experts - who all starred in the film - discussed what executives should focus on when they try to protect their companies' assets against the ever looming threat of cyber criminals.

They highlighted the importance of carefully reviewing all source code before applications are implemented.

"We have to recognize that developers take a lot of pride in the code they write. But they think in terms of delivery functionality" rather than security risk, James Routh, CISO at the DTCC said. He suggested that security experts show developers their code with the vulnerabilities identified.

As for the future, Ted Schlein, managing partner, Kleiner Perkins Claufield & Byers, said he believes security audits will be getting a lot more rigorous.

"I think in 15 years, there won't be a single line of code that doesn't go through a security audit," added Ted Schlein, managing partner, Kleiner Perkins Claufield & Byers.

The Tribeca event was sponsored by Fortify Software.Several dozen financial industry and technology professionals recently gathered at the Tribeca Grand Hotel in New York, to attend a private advanced screening of "The New Face of Cybercrime," a documentary film by Academy Award-nominated filmmaker Fredric Golding... Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

Register for Wall Street & Technology Newsletters
Video
Inside Abel Noser's Trading Floor
Inside Abel Noser's Trading Floor
Advanced Trading takes you on an exclusive tour of Abel Noser's New York trading floor, where the agency broker known for transaction cost analysis, is customizing algorithms for the buy side, while growing its fixed income trading and transitions business.