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Author: admini

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

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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

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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

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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

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Log management in the age of compliance

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

While many criticize FISMA for being all documentation and no action, the law simply emphasizes the need for each federal agency to develop, document and implement an organizationwide program to secure the information systems that support its operations and assets. NIST SP 800-53, Recommended Security Controls for Federal Information Systems, describes log management controls including the generation, review, protection and retention of audit records, plus steps to take in the event of audit failure. It describes the need for log management in federal agencies and ways to establish and maintain successful and efficient log management infrastructures — including log generation, analysis, storage and monitoring.

NIST 800-92 discusses the importance of analyzing different kinds of logs from different sources and of clearly defining specific roles and responsibilities of those teams and individuals involved in log management.

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) outlines relevant security standards for health information.

NIST SP 800-66, An Introductory Resource Guide for Implementing the Health Insurance Portability and Accountability Act Security Rule, details log management requirements for the securing of electronic protected health information.

The Payment Card Industry Data Security Standard (PCI-DSS), which applies to organizations that handle credit card transactions, mandates logging specific details and log review procedures to prevent credit card fraud, hacking and other related problems in companies that store, process or transmit credit card data.

Logs, which by nature allow for tracking IT infrastructure activity, are the best way to assess if, how, when and where a data breach has occurred. The major effect the age of compliance has had on log management is to turn it into a requirement rather than just a recommendation, and this change is certainly to the advantage of any organization subject to these regulations. It is easy to see why log collection and management is important, and the explicit inclusion of log management activities in major regulations like FISMA, HIPAA and PCI-DSS highlights how key it truly is to enterprise security as well as broader risk management needs.

http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9027080

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Financial Institutions Warned New Fast Phishing Kit Found

Posted on July 13, 2007December 30, 2021 by admini

Gaffan noted when the RSA Anti Fraud Command Center (AFCC) found the new type of phishing kit they found it is actually a single file which creates an entire phishing site on a compromised server when “double-clicked” on, similar to “.exe” installation files.

This is a change from traditional phishing sites that usually include various files which are installed on a compromised server where the attack is hosted. The convenience of creating phishing attacks with the “plug-and-play” phishing kit has no impact on how these attacks are detected and mitigated. “The others who were attacked, were payment oriented sites, or have access to customer credentials,” he noted.

The trends RSA sees in the type of bank or credit union being attacked, Gaffan noted is the further penetration to smaller, regional banks and credit unions. They are now targeting small credit unions, with smaller pools of members and getting a small percentage of bites, Gaffan explained. One reason for the phishers moving down the scale is that the larger institutions are better prepared for takedown and countermeasures. Another type of phishing hitting regional banks and credit unions is “spear phishing,” Gaffan said. The phisher’s chance of getting a high hit rate is based on people feel more secure banking at a smaller institution, Gaffan explained.

http://www.bankinfosecurity.com/articles.php?art_id=499

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