February 2012 – Page 2 – CyberSecurity Institute

Cybersecurity Is The Way To Play Defense Spending Read more: http://stocks.investopedia.com/stock-a

Posted on February 9, 2012December 30, 2021 by admini

However, despite the growing need for preventing these sorts of attacks, actual spending and preparedness in the area is nonexistent. A recent survey by Bloomberg of network managers at 21 energy companies, found that these firms only spend an average of $45.8 million a year on IT security. … However, analysts estimate that to prevent 95% of all attacks, it would take an average annual budget of $344.6 million per company.

To put that into context, the U.S.’s largest utility, Southern Company (NYSE:SO), only made around $277 million in profit last year. Nationwide, the U.S. would need to spend a total of $46.6 billion to prevent 95% of all attacks. Given how vital our infrastructure is to national security and under-funded nature of the sector, cybersecurity will undoubtedly get a larger share of the shrinking defense budget.

With cyber threats continuing to mount and the reliance on computer networks growing, adding an IT security component to a portfolio makes sense. Both the PowerShares Aerospace & Defense (ARCA:PPA) and iShares Dow Jones US Aerospace (ARCA:ITA) follow some of the largest defense contractors and could be used as proxy for the defense sector.

Communications defense contractor Harris (NYSE:HRS) has been increasing its security offerings in the space and could be great way to play the need for secured data systems.

http://stocks.investopedia.com/stock-analysis/2012/Cybersecurity-Is-The-Way-To-Play-Defense-Spending-SO-ITA-PPA-PCP0209.aspx?partner=YahooSA#axzz1lzqFqWJl

Splunk Launches Splunk App for Enterprise Security 2.0

Posted on February 9, 2012December 30, 2021 by admini

News features include:
– Real-time Event Correlation: Searches and alerts drive continuous monitoring of critical assets using dashboards and communications to members of the security team
– Dashboards: Visualizations of security data support more than 100 security metrics and over 160 reports
– Drill-down and drill-across: In a single click, users can access raw data quickly for analysis and pivot across the raw data-types to follow an investigation wherever it leads
– Federated Identity Monitoring: Correlation of multiple user identities to identify and investigate user activities across the IT infrastructure
– Enhanced incident management: The ability to reprioritize, reassign and journal security events for quick resolution and incident response
– Operationalization of findings: Once a forensic investigation is complete, users can click the “save” button to continuously monitor and alert for the same condition.

http://gov.ulitzer.com/node/2158615

Service providers lack confidence in LEAs

Posted on February 9, 2012December 30, 2021 by admini

They are still rare, indicating that the slow uptake of IPv6 makes it “not yet economically or operationally significant enough to warrant serious attention by the Internet criminal underground.”

However, there has been a significant increase in large flood-based attacks in excess of 10 Gbps, constituting “an extremely serious threat to network infrastructure and ancillary support services such as DNS, not to mention end-customer properties.”

Two things that might surprise network customers are the providers’ concern over the effectiveness of stateful firewalls, IPS and load-balancing devices in the face of DDoS attacks, and what Arbor describes as the “perennial disengagement of most network operators from law enforcement.”

On law enforcement, network operators lack confidence in LEA’s ability and willingness to investigate online attacks, and “evince strong dissatisfaction with current governmental efforts to protect critical infrastructure.”

Is Your Lawyer the Weakest Link? Hackers Are Now Targeting

Posted on February 3, 2012December 30, 2021 by admini

According to the January 31, 2012 article entitled “China-Based Hackers Target Law Firms to Get Secret Deal Data,” the attacks have been sufficiently serious that the FBI’s cyber division convened a meeting with the top 200 law firms in New York City last November to address the rising number of law firm intrusions.

The hackers “zeroed in on offices on Toronto’s Bay Street, home of the Canadian law firms handling the deal.” According to the article:

http://www.hahnloeser.com/tradesecretlitigator/post/2012/02/03/Is-Your-Lawyer-the-Weakest-Link-Hackers-Are-Targeting-Law-Firms-to-Get-Secret-Deal-Data.aspx