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Month: March 2005

Keyloggers Foiled In Attempted $423 Million Bank Heist

Posted on March 17, 2005December 30, 2021 by admini

According to reports in the British media from the BBC and the Financial Times, among others, the scheme was set to steal 220 million pounds ($423 million) from the London offices of the Japanese bank Sumitomo Mitsui.

The National Hi-Tech Crime Unit (NHTCU), the country’s cyber-cops, began investigating last October after the bank discovered that hackers had infiltrated its network and were using a keylogger to capture keystrokes.

Keyloggers, a type of spyware, are used by hackers and increasingly, by phishers, to snatch users account information — such as log-in names and passwords — and grab other lucrative data, including credit card numbers.

Police arrested an Israeli man, identified as Yeron Bolondi, 32, in Israel after an attempt was made to transfer 13.9 million pounds ($26.8 million) into an account there.

If it had been successful, the robbery would have dwarfed Britain’s previous record, the armed theft of £26 million ($50 million) from Belfast’s Northern Bank in December, a crime thought to have been conducted by the IRA.

“From what we know from our SpyAudit data, there’s a good chance this wasn’t even a planned attack,” said Richard Stiennon, the vice president of threat research for Boulder, Colo.-based anti-spyware vendor Webroot.

According to Webroot’s SpyAudit, a for-free spyware auditing tool it makes available on its own site as well as to EarthLink subscribers, 15 percent of enterprise PCs tested have a keylogger already installed.

“It reminds me of how Microsoft was hacked back in 2004, when a Microsoft developer’s home computer lead the hackers into Microsoft. It all comes back to this ongoing trend of more and more malicious code being developed with keyloggers,” said Gregg Mastora, a senior security analyst with Sophos.

http://www.techweb.com/wire/security/159901593

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How to justify information security spending

Posted on March 17, 2005December 30, 2021 by admini

This sounds like a terrific idea, but the lecturer was unable to provide a concrete example similar to purchasing justifications that companies use like: “Yes, we will buy this machine because it makes twice as many diamond rings per hour and we’ll be able corner the Valentine’s Day market in North America.”

This article will help guide Computerworld readers from a current state of reaction and acquisition to a target state of business value and justification for information security, providing both food for thought and practical ideas for implementation.

Most companies don’t run their information security operation like a business unit with a tightly focused strategy on customers, market and competitors. Most security professionals and software developers don’t have quotas and compensation for making their numbers. Information security works on a cycle of threat, reaction and acquisition.

It needs to operate continuously and proactively within a well-defined, standards-based threat model that can be benchmarked against the best players in your industry, just like companies benchmark earnings per share. With measurable improvement, we’ll be able to prove the business value of spending on security.

– Is your digital asset protection spending driven by regulation?

– Are Gartner white papers a key input for purchasing decisions?

– Does the information security group work without security win/loss scores?

– Does your chief security officer meet three to five vendors each day?

– Is your purchasing cycle for a new product longer than six months?

– Is your team short on head count, and not implementing new technologies?

– Has the chief technology officer never personally sold or installed any of the company’s products?

Start by implementing a consistent set of activities, for example, standardizing on diskless thin clients, remote desktops and Windows Terminal services. Segment the network into virtual LANs, put the application servers on one segment, the data servers on another and client workstations on departmental segments and so forth.

For instance, if you want to evaluate cash flow, then measure cash flow from operations or free cash flow (FCF), which is cash from operations minus capital expenditures. FCF omits the cost of debt, but it is an objective indicator that can be measured every day.

http://www.computerworld.com/securitytopics/security/story/0,10801,100413,00.html

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Hardware security sneaks into PCs

Posted on March 16, 2005December 30, 2021 by admini

The three largest computer makers–Dell, Hewlett-Packard and IBM–have started selling desktops and notebooks with so-called trusted computing hardware, which allows security-sensitive applications to lock down data to a specific PC. But Microsoft’s plans to take advantage of the technology have been delayed, meaning the software heavyweight likely won’t get behind it until the release of Longhorn, the Windows update scheduled for next year.

That leaves hardware makers in a rare position: They are leading Microsoft, rather than working to support one of the software giant’s initiatives.

“Our success is not dependent on Microsoft,” said Brian Berger, executive vice president at security company Wave Systems and the marketing chair for the Trusted Computing Group. “When Microsoft comes on board with some of what they have talked about, it will be that much better, but this is not a Microsoft-centric activity.”

The Trusted Computing Group, the industry consortium that sets specifications for the specialized hardware, has had to rely on other software makers to demonstrate the benefits of running a trusted PC. Largely a footnote in 2004, the technology is set to take off this year, with the top three PC makers shipping laptops and desktops equipped with hardware security.

Dell, the last holdout, announced that it had added the security technology to its latest line of notebooks on Feb. 1.

In 2005, more than 20 million computers will ship with the trusted platform module, up from 8 million in 2004, according to estimates from research firm IDC.

The technology locks specialized encryption keys in a data vault–essentially a chip on the computer’s motherboard. Computers with the feature can wall off data, secure communications and identify systems belonging to the company or to business partners. That means companies can improve the security of access to corporate data, even when the PC is not connected to a network.

Microsoft is a significant proponent of trusted computing. When it first publicized plans in 2002 to create a security technology known as Palladium, it said that its software component might be released as early as the end of 2004. At the time, digital-rights advocates raised concerns that the technology could be used by software makers and media companies to control people’s PCs, putting Microsoft on the defensive.

What’s new: The top three PC makers have started selling models with encryption hardware, even though Microsoft’s software for the technology has hit delays.
Bottom line: That leaves hardware makers in a rare position: They are leading Microsoft, rather than working to support one of the software giant’s initiatives.

http://news.com.com/Hardware+security+sneaks+into+PCs/2100-7355_3-5619035.html?part=rss&tag=5619035&subj=news

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Common sense on security

Posted on March 16, 2005December 30, 2021 by admini

Classified information could not be processed on insecure computers, classified documents had to be stored in locked safes, and so on. The procedures were extreme because the assumed adversary was highly motivated, well-funded and technically adept: the Soviet Union. You might argue with the government’s decision to classify this and not that, or with the length of time that information remained classified. But if you assume the information needed to remain secret, the procedures made sense.

In 1993, the U.S. government created a new classification of information–Sensitive Security Information–that was exempt from the Freedom of Information Act. The information under this category, as defined by a Washington, D.C., court, was limited to information related to the safety of air passengers. This was greatly expanded in 2002, when Congress deleted two words–“air” and “passengers”–and changed “safety” to “security.”

Currently, there’s a lot of information covered under this umbrella. The rules for SSI information are much more relaxed than the rules for traditional classified information.

Before someone can have access to classified information, he must get government clearance.

Before someone can have access to SSI, he simply must sign a nondisclosure agreement, or NDA.

If someone discloses classified information, he faces criminal penalties.

If someone discloses SSI, he faces civil penalties.

SSI can be sent unencrypted in e-mail; a simple password-protected file is enough.

A person can take SSI home with him, read it on an airplane, and talk about it in public places.

People entrusted with SSI information shouldn’t disclose it to those unauthorized to know it, but it’s really up to the individual to make sure that doesn’t happen.

It’s really more like confidential corporate information than government military secrets.

The U.S. government really had no choice but to establish this classification level, given the kind of information it needed to work with. For example, the terrorist watch list is SSI. If the list falls into the wrong hands, it would be bad for national security. But think about the number of people who need access to the list. The U.S. government really had no choice but to establish this classification level, given the kind of information it needed to work with. My guess is that more than 10,000 people have access to this list, and there’s no possible way to give all of them a security clearance.

Either the U.S. government relaxes the rules about who can have access to the list, or the list doesn’t get used in the way the government wants. On the other hand, the threat is completely different. Military classification levels and procedures were developed during the Cold War and reflected the Soviet threat. The terrorist adversary is much more diffuse, much less well-funded and much less technologically advanced.

SSI rules really make more sense in dealing with this kind of adversary than the military rules. I’m impressed with the U.S. government’s SSI rules. You can always argue about whether a particular piece of information needs to be kept secret, and how classifications like SSI can be used to conduct government in secret. But if you take secrecy as an assumption, SSI defines a reasonable set of secrecy rules against a new threat.

http://news.com.com/Common+sense+on+security/2010-7348_3-5616209.html?part=rss&tag=5616209&subj=news

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After Wipro, Infosys now gets bomb threat

Posted on March 15, 2005December 30, 2021 by admini

Police checked the Infosys premises, located on the outskirts of Bangalore, but no bomb was discovered.

The earlier threat to Wipro was made by an employee, who when arrested, told police he was worried by what he thought were lax security measures in the company.

Such bomb threats, which though turning out to be hoax calls, assume even more seriousness after the Indian police discovered that a terrorist group had planned to attack some software companies in Bangalore. The designs of those terrorists were thwarted when the police killed some of them and captured the others Saturday, March 5, in New Delhi.

http://www.eetimes.com/showArticle.jhtml;jsessionid=EAHAEPOH0VNLSQSNDBNSKHSCJUMEKJVN?articleID=159900210

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When it comes to security, ignorance is bliss at the top

Posted on March 15, 2005December 30, 2021 by admini

Latest research reveals the majority of IT bosses are confident about their companies’ security yet when drilling down through the findings we find a picture of disarray as companies lose track of laptops, remote access, the latest threats and the risk of employee wrong-doing.

According to findings released today, 99 percent of respondents said they are protected from threats while only three percent of European IT bosses believe they will never be 100 percent secure.

Mark Murtagh, European technical director at Websense — a provider of Web filtering and Internet securtity services which commissioned the research — said it paints a worrying picture for companies.

Eight percent of companies have no additional security in place beyond desktop antivirus and a firewall and many are being slow to react to the latest threats. Despite it being an issue which has hit the headlines in a big way over the past 12 months spyware is still getting an easy ride, with 35 percent of companies having no protection of any kind in place. And the ways in which spyware can get onto a machine continue to thrive with 56 percent of firms letting staff install and use peer-to-peer software — a common source of malicious code — and 43 percent of firms doing nothing to limit employee Web-surfing.

Furthermore 62 percent of companies are doing nothing to limit staff access to phishing sites.

And if staff decide to turn on their company and steal data or access areas of the network they shouldn’t, only 40 percent are equipped to identify them. More than two-thirds of UK IT bosses (68 percent) think laptops, which are taken home or used remotely and then plugged back into the network, pose a security risk and yet only a quarter (26 percent) are really doing anything about it. Only 21 percent believe it is the responsibility of the IT department while six percent said they don’t know who is responsible.

While 40 percent of respondents claim to audit PCs every three to six months, Murtagh believes this may amount to little more than ‘head count’ — “how many have we got and what operating system are they running?”. “Companies need to seriously audit PCs and undertake full risk assessment. I’d like to think if we did this survey again in six months I’d have some cause for optimism but there will still be a large number of companies who have failed to get a grip on their Internet security,” said Murtagh.

http://news.zdnet.co.uk/internet/security/0,39020375,39191336,00.htm

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