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Author: admini

Top Ten Strategic Priorities for 2006 according to PWC, CSO and CIO

Posted on October 10, 2005December 30, 2021 by admini

– Disaster recovery/business continuity
– Employee awareness programs
– Data backup
– Overall information security strategy
– Network firewalls
– Centralized security information management system
– Periodic security audits
– Monitoring employees
– Monitoring security reports (log files, vulnerability reports and so on)
– Spending on intellectual property protection

This list further reinforces the reactive nature of information security. Awareness programs often score high as a strategic priority because they’re relatively low-cost. One should expect number 10 on this list will shoot up in priority next year, given the steady stream of identity thefts and other major information crimes.

http://www.csoonline.com/read/100105/survey_topten.html

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How ‘Good’ is Your Security Policy?

Posted on October 10, 2005December 30, 2021 by admini

It is not unusual for organisations to have a number of disparate documents distributed throughout the business, each addressing various issues such as acceptable use of company e-mail and the Internet, physical security of company assets, and so on.

Security policies have a number of human, financial and legal consequences. Because of this, great care needs to be taken to ensure that such policies accurately reflect the current situation.

Certainly, the legal requirements for the protection of personally sensitive data have changed dramatically of late and it is common to discover that individual organisations’ security policies have not kept pace. Additional legislation dealing with the protection of data and monitoring in the workplace has been introduced recently that may have a significant impact on both public and private sector organisations. Many organisations are required to demonstrate to external and internal auditors that they meet prescribed standards in the way in which they secure and operate their businesses Correctly interpreting how the various pieces of legislation and corporate governance guidelines apply to your organisation is a serious challenge and one where mistakes potentially can prove very costly.

Best practise (BS-7799/ISO-17799) recommends that security polices are updated regularly so as to ensure organisations continue to protect themselves from the risk of security breaches whilst remaining legally compliant.
· Does your current policy incorporate sufficient procedures to cover the use of Personal Digital Assistants (PDAs) and similar mobile devices?
· Do any of your personnel work remotely or on the move and, if so, are they connecting securely?
· Are you aware of the main areas contained within ‘The Telecommunications Lawful Business Practise Regulations’ and ‘The Employment Practices Data Protection Code’ in respect of the monitoring of communications?
• Does the Civil Contingencies Bill (which came into force last year) apply to your organisation?

If you are unsure about any of these issues – and this is by no means an exhaustive list – it is highly likely that your security policy needs reviewing and updating.

http://www.ebcvg.com/articles.php?id=935

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Compliance? What’s That?

Posted on October 3, 2005December 30, 2021 by admini

Here are two theories, both of which probably play some role: One, the regs are confusing and difficult to comply with.

Companies don’t fear any serious repercussions for not complying with the regulations, either because the mandates are too vague to really be enforced, or the regulatory agencies aren’t devoting resources to enforcement.

Supporting the “lack of teeth” theory is the fact that only a third of respondents reported having compliance testing in place, and only a quarter link their security organization to the compliance group.

Lobel offers a third factor: “There’s just a lot of regs for these guys to deal with.”

http://www.csoonline.com/read/100105/survey_compliance.html

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The Global State of

Posted on October 3, 2005December 30, 2021 by admini

Issues:

Intellectual property left on a laptop that’s gone missing.
Corporate espionage rings that stretch from the United Kingdom to the Middle East and use IT to infiltrate companies.
Phishing scams by the thousands: puddle phishing, Wi-phishing, pharming.

We haven’t even mentioned good old viruses and worms, but those still work too.

To borrow from forestry parlance, information security is an escaped wildfire.And according to “The Global State of Information Security 2005,” a worldwide study by CIO, CSO and PricewaterhouseCoopers (PwC), you are the firefighters,desperately trying to outflank the fireline and prevent flare-ups and firestorms.It’s a thankless, impossible business.

In this environment, just holding your ground is a victory, and that’s what you’re doing.

This is the third annual edition of the survey—once again the largest of its kind with more than 8,200 IT and security executives responding from 63 countries on six continents. Each year the data has shown incremental improvement in the tactical battle to react to and fight off security incidents.

At the same time, the data shows a notable lack of focus on actions and strategies that could prevent these incidents in the first place.

There’s also a remarkable ambivalence among respondents about compliance with government regulations, a clear lack of risk management discipline, and a continuing inability to create actionable security intelligence out of mountains of security data.

Just 37 percent of respondents reported that they had an information security strategy—and only 24 percent of the rest say that creating one is in the plans for next year. With increasingly serious, complex, targeted and damaging threats continuously emerging, that’s not a good thing. “When you spend all that time fighting fires, you don’t even have time to come up with the new ways to build things so they don’t burn down,” says Mark Lobel, a security-focused partner with PricewaterhouseCoopers. “Right now, there’s hardly a fire code.”

Lobel compares the global state of information security to Chicago right before the great fire. “Some folks were well-protected and others weren’t,” he says, but when the ones that weren’t protected began to burn, the ones that were protected caught fire too. ”

Of course, with the survey’s thousands of pages of data and tens of thousands of data points, the overall security picture is a little more complex than “Everyone’s tactical; no one’s strategic.” Some respondents show signs of embracing a more holistic approach than others. Maybe even create a fire code so that if a cow does knock over a lantern,the whole city won’t burn.

http://www.csoonline.com/read/100105/survey.html

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Banking Agencies Announce Revised Plan for Implementation of Basel II Framework

Posted on October 1, 2005December 30, 2021 by admini

The agencies previously announced on April 29, 2005 that they were delaying issuance of a notice of proposed rulemaking (NPR), pending additional analysis of the quantitative impact study (QIS4) submissions. The agencies intend to move forward with an NPR for domestic implementation of Basel II, but plan to introduce additional prudential safeguards in the NPR to address concerns identified in the analysis of the results of the QIS4 conducted with the industry.

The agencies expect that the U.S. Basel II proposal will be available in the first quarter of 2006. The agencies expect to propose a revised implementation timeline for Basel II. Under this revised timeline, the first opportunity for a U.S. banking institution to conduct a parallel run would be January 2008.

In addition, U.S. institutions adopting the Basel II-based capital rules would be subject to a minimum three-year transition period during which the agencies would apply limits on the amount by which each institution’s risk-based capital could decline with the application of Basel II. These limits would be implemented through floors that are intended to be simpler in design and more conservative in effect than those set forth in Basel II.

The agencies anticipate that there will be further revisions to the U.S. Basel II-based capital rules prior to the termination of the floors.

http://bankinfosecurity.com/node/2606

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Hacking, Viruses top concerns for enterprises

Posted on September 27, 2005December 30, 2021 by admini

The survey also revealed that small-medium-size businesses security concerns are more application focused where providing virus protection for the network is the biggest challenge.

As a networking vendor for service providers and enterprises, Nortel is keenly aware of the changes impacting today’s networks, particularly the unprecedented growth in wireless access and types of devices.

Survey’s additional findings showed that 55 percent outsource some network security functions; of these, 25 percent outsource all network security solutions; 60 percent saying they preferred to standardize on one source for security solutions.

http://www.ebcvg.com/articles.php?id=912

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