Skip to content

CyberSecurity Institute

Security News Curated from across the world

Menu
Menu

Month: July 2007

DoJ Sends ID Theft Bill to Congress

Posted on July 20, 2007December 30, 2021 by admini

“This proposed legislation is a firm step in the right direction in updating our identity theft laws to meet the needs of investigators and prosecutors who are working daily to punish identity thieves, and help victims put their lives back together,” Attorney General Alberto Gonzales said in a statement.

Deborah Platt Majoras, chairman of the Federal Trade Commission and co-chair of the president’s Identity Theft Task Force with Gonzales, said the bill would enhance law enforcement’s ability to crack down on identity theft.

http://www.internetnews.com/bus-news/article.php/3689936

Read more

UK needs cyber-crime reporting body

Posted on July 20, 2007December 30, 2021 by admini

The UK did previously have such an e-crime body, the National Hi-Tech Crime Unit (NHCTU). Roberts added the UK needs the return of the NHTCU, or a similar organisation that understands e-crime, has an international remit and has the authority to do something about electronic crimes. SOCA said the NHTCU has become the core of the e-crime unit of SOCA, with an expanded remit and greater resources. In exactly the same way as happened under the NHTCU, a business that has fallen victim to an e-crime should report the matter to the police.”

The SOCA spokesman added: “SOCA e-crime has taken the private sector relations built by the NHTCU and developed them into a core part of its strategy. We liaise closely with business communities on a sector by sector basis, and will be seeking to increase both the extent and depth of this relationship, as well as joining up the work of key contacts from the world of law enforcement, both nationally and internationally.”

http://www.silicon.com/publicsector/0,3800010403,39167883,00.htm

Read more

Compliance ‘Laggards’ Face Most Financial Risk from Data Loss, Report Shows

Posted on July 20, 2007December 30, 2021 by admini

Financial risk for losing data is absolutely huge, compared to the amount of money being spent on compliance and data protection,” said Jim Hurley, a senior research manager for Symantec and senior director of the IT Policy Compliance Group.

“The second key finding is, and we stumbled onto this by accident, is the relationship between compliance and data loss. How well (or poorly) a company does compliance, and how well (or poorly) they’re doing on data loss, we found a relationship between the two,” Hurley noted. “I expected a different distribution, but across the entire universe of companies, this distribution rings true,” Hurley said.

“The banking industry matches the entire population, they don’t do any better or any worse than the rest of the industries in the survey,” he explained.

Key Findings Most organizations are exposed to financial risk from data loss and theft Nine out of ten firms are not leveraging compliance and IT governance procedures that could help mitigate financial risk from lost or stolen data. Compliance leaders have the fewest business disruptions Firms with the best IT compliance results have the least business downtime from IT security events. Compliance laggards experience 17 or more disruptions a year from IT security events.

Such practices include: Implementing more of the appropriate IT controls Reducing control objectives, making it easier to communicate, measure, and report Establishing higher standards for performance objectives Encouraging a culture of operational excellence in IT Monitoring, measuring, and reporting controls against objectives at least once every two weeks Allocating more funds to control automation Even if not disclosed publicly, the likelihood that a data breach generates negative publicity is proportionally higher for companies with poor IT policy compliance programs.

All too often companies are implementing controls more from a compliance standpoint than from a due diligence standpoint.

http://www.bankinfosecurity.com/articles.php?art_id=507

Read more

Symantec Renovates Its ThreatCon System

Posted on July 18, 2007December 30, 2021 by admini

“The Internet threat landscape is now characterized by highly sophisticated, multi-stage threats aimed primarily at financial gain,” said Arthur Wong, senior vice president, Symantec Security Response and Managed Services.

http://www.darkreading.com/document.asp?doc_id=129402&f_src=darkreading_section_297

Read more

Symantec Unveils Anti-Botware

Posted on July 17, 2007December 30, 2021 by admini

Antivirus and anti-spyware packages typically are unable to catch or protect client machines from advanced botnet infections — signature-based technology can’t keep up with botnets that are constantly reinventing themselves.

Ed Kim, director of product management for Symantec, says the company’s new software is a stand-alone package that adds another layer of protection and works with existing AV products either from Symantec or other vendors. “Other behavioral [technologies] use emulation and create a secure sandbox where they allow the threat to run, but that tends to be resource-intensive…

Symantec recently reported that there were over 6 million active bots during the last six months of 2006, a nearly 30 percent increase from the first half of the year.

Rob Enderle, principal with the Enderle Group, says the Symantec product is the only one he’s aware of that can “maintain a high hit rate” on constantly evolving and obfuscating bots.

http://www.darkreading.com/document.asp?doc_id=129169&WT.svl=news1_1

Read more

IT Security: The Data Theft Time Bomb

Posted on July 16, 2007December 30, 2021 by admini

So-called “defense-in-depth” is just another way of saying “you’ve got a bunch of technologies that overlap and that don’t handle security in a straightforward manner,” says Alastair MacWillson, global managing director of Accenture’s security practice. “It’s like putting 20 locks on your door because you’re not comfortable that any of them works.”

Yet a case can be made that respondents aren’t worried enough, particularly about lost and stolen company and customer data. Only one-third of U.S. survey respondents and less than half of those in China cite “preventing breaches” as their biggest security challenge. Only one-quarter of U.S. respondents rank either unauthorized employee access to files and data or theft of customer data by outsiders in their top three security priorities, and even fewer put the loss or theft of mobile devices containing corporate data or the theft of intellectual property in that category.

This lack of urgency persists despite highly publicized–and highly embarrassing–data-loss incidents in the last year and a half involving retailer TJX, the Department of Veterans Affairs, and the Georgia Community Health Department, among many, many others. Instead, as with last year, the top three security priorities are viruses or worms (65% of U.S. respondents, 75% in China), spyware and malware (56% and 61%), and spam (40% in both countries).

So are security pros focusing on the wrong things? Yes, says Jerry Dixon, director of Homeland Security’s National Cyber Security Division. “You need to know where your data resides and who has access to it,” Dixon says. It seems as though security pros are missing the point, choosing to focus on the security threats with which they’re most familiar as opposed to emerging threats designed to cash in on the value of customer data and intellectual property. “We’re always concerned about people sharing their authentication credentials with someone else or with information leaving the organization via laptops or memory sticks,” Marreel says.

For instance, exploiting known operating system vulnerabilities is the leading method of attack in both countries–43% of respondents in the United States and a whopping two-thirds in China say so. Of the 804 U.S. respondents admitting to having experienced breaches or espionage in the past 12 months, 18% attribute the problem to unauthorized employees, and 16% suspect authorized users and employees. But that’s down from nearly 25% of companies reporting breaches in 2006.

Laptops and portable storage devices are being stolen from employees’ cars and homes in mind-boggling numbers. Last month, a backup computer storage device with the names and Social Security numbers of every employee in the state of Ohio–more than 64,000 records–was stolen from a state intern’s car. In April, the Georgia Department of Community Health reported the loss of 2.9 million records containing personal information, including full names, addresses, birth dates, Medicaid and children’s health care recipient identification numbers, and Social Security numbers, when a computer disk went missing from service provider Affiliated Computer Services, which was contracted to handle health care claims for the state. “If a partner or service provider has access to any of our data, we want a security paragraph written into our contract that gives us the right to perform a security audit against them and to perform these audits regularly,” says Randy Barr, chief security officer of WebEx, a Web-conferencing company.

Still, 42% of respondents say data leakage is bad enough that employees should be fined or punished in some way for their role in security breaches, once those employees have been trained. Consultant MacLean takes an even tougher tack: “Termination is pretty severe, but in some cases it’s appropriate, as is civil or even criminal prosecution.”

A significant number of respondents want to put the responsibility for porous security on the companies selling them security technology. Forty-five percent of U.S. companies and 47% of companies in China think security vendors should be held legally and financially liable for security vulnerabilities in their products and services. Some of the unease about corporate IT security may stem from the fact that most companies don’t have a centralized security executive assessing risks and threats and then calling the shots to address these concerns.

The process for setting security policy in most companies is collaborative, and groups comprising the CIO, CEO, IT management, and security management all have input. Eisenhower Medical Center doesn’t have a chief information security officer, instead relying on its general counsel to make regulatory compliance decisions, and on CIO Perez, working with system administrators, to set security policy. “We gather information from each director in each department to find out what systems and data they need access to,” Perez says. “The doctors want easy access, and we’re trying to make it more secure.”

The number of chief information security officers has grown significantly in the last year. Roughly three-quarters of survey respondents say their companies have CISOs, compared with 39% in 2006. CISOs predominantly report to the CEO or the CIO.

When it comes to the ultimate sign-off, however, half of U.S. companies say that the CEO determines security spending.

In the United States, the greatest percentage of respondents, 37%, say their companies assess risks and threats without the input of a CISO, while an astounding 22% say they don’t regularly assess security risks and threats at all.

In the United States, the portion of IT budgets devoted to security remains pretty flat; companies plan to spend an average of 12% this year, compared with 13% last year. China, on the other hand, is on a security spending spree: The average percentage of IT budget devoted to security this year is 19%, compared with 16% in 2006. It’s interesting to note that 39% of U.S. companies and 55% in China expect 2007 security spending levels to surpass those in 2006.

If it all sounds overwhelming, don’t panic. While information security has gotten more complex–as attackers alter both their methods and their targets, and companies layer more and more security products on top of each other–the good news is that the measures required to plug most security holes often come down to common sense, an increasingly important quality to look for in any employee or manager handling sensitive data.

http://www.darkreading.com/document.asp?doc_id=129128&WT.svl=cmpnews1_1

Read more

Posts navigation

  • Previous
  • 1
  • 2
  • 3
  • 4
  • Next

Recent Posts

  • AI/ML News – 2024-04-14
  • Incident Response and Security Operations -2024-04-14
  • CSO News – 2024-04-15
  • IT Security News – 2023-09-25
  • IT Security News – 2023-09-20

Archives

  • April 2024
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • April 2023
  • March 2023
  • February 2022
  • January 2022
  • December 2021
  • September 2020
  • October 2019
  • August 2019
  • July 2019
  • December 2018
  • April 2018
  • December 2016
  • September 2016
  • August 2016
  • July 2016
  • April 2015
  • March 2015
  • August 2014
  • March 2014
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • October 2012
  • September 2012
  • August 2012
  • February 2012
  • October 2011
  • August 2011
  • June 2011
  • May 2011
  • April 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • June 2009
  • May 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • February 2006
  • January 2006
  • December 2005
  • November 2005
  • October 2005
  • September 2005
  • August 2005
  • July 2005
  • June 2005
  • May 2005
  • April 2005
  • March 2005
  • February 2005
  • January 2005
  • December 2004
  • November 2004
  • October 2004
  • September 2004
  • August 2004
  • July 2004
  • June 2004
  • May 2004
  • April 2004
  • March 2004
  • February 2004
  • January 2004
  • December 2003
  • November 2003
  • October 2003
  • September 2003

Categories

  • AI-ML
  • Augment / Virtual Reality
  • Blogging
  • Cloud
  • DR/Crisis Response/Crisis Management
  • Editorial
  • Financial
  • Make You Smile
  • Malware
  • Mobility
  • Motor Industry
  • News
  • OTT Video
  • Pending Review
  • Personal
  • Product
  • Regulations
  • Secure
  • Security Industry News
  • Security Operations
  • Statistics
  • Threat Intel
  • Trends
  • Uncategorized
  • Warnings
  • WebSite News
  • Zero Trust

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
© 2025 CyberSecurity Institute | Powered by Superbs Personal Blog theme