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Summary Physical Access Security paper.docx Physical Access Security CIS560: Security Access/Control Strategy Article 1: Absa bank embroiled in data leak The first article I selected highlights the security breach that occurred at Absa bank. Absa is a Sout$7.49
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Summary Physical Access Security paper.docx Physical Access Security CIS560: Security Access/Control Strategy Article 1: Absa bank embroiled in data leak The first article I selected highlights the security breach that occurred at Absa bank. Absa is a Sout
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Physical Access Security Physical Access Security CIS560: Security Access/Control Strategy Article 1: Absa bank embroiled in data leak The first article I selected highlights the security breach that occurred at Absa bank. Absa is a South-Africa based financial services group that provides b...
physical access security paperdocx physical access security cis560 security accesscontrol strategy article 1 absa bank embroiled in data leak the first article i selected highlights the secu
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Running header: Physical Access Security
Physical Access Security
CIS560: Security Access/Control Strategy
Article 1: Absa bank embroiled in data leak
The first article I selected highlights the security breach that occurred at Absa bank. Absa
is a South-Africa based financial services group that provides both business and personal
, Irias2
Physical Access Security
banking along with wealth management services. They currently hold assets in excess of $91
billion. As such, this makes them a desirable target for theft and fraud.
Absa notified its clients and customers of an “isolated internal data leak” via email on
Monday November 30th, 2020. They did not release when this leak was discovered, nor have they
been able to pinpoint when the data leak started. Absa determined that personally identifiable
information (PII) was included in the breach. This includes ID numbers unique to accounts,
home addresses, account numbers, and other sensitive information was externally leaked.
It is not known how many banking customers were impacted from the attack, but Absa
plans to collect a random pool of customer accounts to verify recent transfers. If anything seems
suspicious or out of the ordinary, Absa will contact those clients to verify those transactions.
There is currently no knowledge of the financial impact that was taken, but additional security
measures are being taken.
The financial services group has blamed the incident on a rouge employee. Criminal
charges have been brought against the individual responsible. It is also noted that data was found
on devices and those devices have since been destroyed. This incident comes at a time after the
company was named the Non-profit team of the year in the 2020 Cyber Security Awards.
This incident could have been prevented or at least minimized with some intervention
between the rogue employee and management. Typically, management should be alerted of an
employee who is running into issues on the job. It usually starts with dissatisfaction in the
workplace, unsolicited harassment from others, or extreme opinion on job responsibilities. These
people who raise these red flags consistently may end up being the ones who commit violations
within the workplace. This could have been caught and addressed with the employee. Even if
this employee was terminated, their access should have been removed immediately. This stems
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