The disclosure of financial privacy has always been the sword of Damocles hanging over the financial system. At the moment when the digital wave is sweeping through the financial field, the value of financial data is rising day by day, and its security problems are becoming more and more prominent, while those hidden data security loopholes hide endless risks.
The concealment of the channels of financial privacy disclosure is first reflected in the bad motives and unintentional negligence of insiders. Within financial institutions, employees have close contact with all kinds of financial data, from basic personal information of customers to sensitive contents such as account balance and transaction records. Some lawless people, either driven by interests or dissatisfied, steal and sell these data, which has become one of the sources of financial privacy leakage. More often, employees may not be malicious, but just lack sufficient awareness of data security, such as not encrypting data files properly and using unsafe storage devices at will, which inadvertently opens the door for hackers and causes privacy leakage. For example, employees may log in to the financial system in a public network environment, or store files containing customer information in a mobile hard disk that is susceptible to virus infection. These seemingly trivial behaviors may become the fuse of financial privacy disclosure.
Third-party service cooperation is also a high-risk hidden channel for financial privacy disclosure. In order to improve business efficiency and service quality, financial institutions often cooperate with third-party service providers, such as software providers and data analysis companies. When these third parties connect with the data system of financial institutions, if their own security protection measures are not in place, they will easily become the breakthrough of financial privacy disclosure. Hackers can break through the third-party defense line first, and then penetrate into the core data area of financial institutions. Moreover, in the process of data sharing and business collaboration, both parties are slightly negligent in data access control, transmission encryption and other links, which may make financial privacy data easily obtained. For example, if the scope of data use is not clearly defined in the data sharing agreement, or the encryption algorithm with sufficient strength is not adopted in the data transmission process, financial privacy data may unconsciously flow into the hands of criminals.
Cyber attacks are the hidden promoter of financial privacy disclosure. With the advancement of financial technology, a large number of businesses of financial institutions have migrated online, and various cyber attacks have followed. Phishing websites and malware carefully designed by hackers often pretend to be normal financial business links or attachments, inducing users to click and download, and then stealing key information such as user login accounts and passwords. Other hackers take advantage of security vulnerabilities in financial institutions' systems, sneak into data storage centers through complex code attacks, and pack away a large amount of financial privacy data. The whole process may be completed without users and financial institutions being aware of it. For example, a hacker may use a loophole in the website of a financial institution that has not been repaired in time to implant malicious code. When a user visits the website, the malicious code automatically runs, quietly collecting financial privacy information on the user's device and sending it to the hacker server.
The hidden channels of financial privacy disclosure are like undercurrents, and a little carelessness will get financial institutions and customers into trouble. Financial institutions must always be vigilant, from the perspectives of internal personnel management, third-party cooperation norms and network security protection, and try their best to block these hidden data security loopholes and protect the solid defense line of financial privacy. This is not only the protection of customers' rights and interests, but also the foundation of financial institutions in the digital age, which is related to the stability and healthy development of the entire financial ecology. Any negligence and slack may pay a heavy price.
