Are Printers Part of Your Security Strategy?

Mike O'Leary

Mike O'Leary Mike O'Leary

Vice President | Strategic Accounts

MIKE HAS A LONG HISTORY of working with companies to help them solve their unique problems, and his passion for this work has only increased over time. Mike also enjoys fishing, camping, boating, spending time with his daughters, and coaching baseball.

“My consulting experiences have focused on analysis, determining the best solutions, and then helping clients to implement those solutions. Pharos is all about discovery and change management. It's a match made in heaven. ”

Given the proliferation of printers in banking (a large institution may have tens of thousands of printers spread across the country) printer management needs to play a critical role in the ongoing war against hackers.

This issue recently came to the forefront in a hack at Bangladesh Bank that resulted in the loss of $81 million. Early one morning, a director at Bangladesh Bank noticed that no transaction receipts had printed overnight, an abnormality that prompted the bank to review recent transactions. The incident resulted in the frantic issuing of stop payments at the Federal Reserve Bank of New York and several central banks worldwide. Had the printer not flagged the issue, the $81 million heist could have exceeded $1 billion.

Are your office printers and documents secure? We can help.

While a printer was only indirectly involved in this bank theft, other recent hacks, including one that resulted in the mass printing of racist fliers at several U.S. universities, are directing attention to this often-overlooked area of vulnerability. When Information Technology (IT) security professionals design security strategies, printers aren’t usually high on the priority list. However, office printers and multi-function devices are typically network-connected and many people don’t realize that they ship unsecured by default. These devices listen on all ports and support many protocols, which makes them easy to install on a network but also introduces potential security problems if they are not properly locked down.

Read the full article at Banking Strategies magazine (BAI) >>

Let us help you establish more mindful and sustainable printing habits in your organization. You’ll be surprised to see how much more efficient your printing operations can be and how much money you can save your organization every year. Start the conversation today!

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