Data Risk Governance

Exploring the intersection between information security, privacy, technology and the law.

Albert Gonzalez Gets 20 Years

Posted by Matt on March 28, 2010

See WSJ article here.

Posted in Information Security | Leave a Comment »

Compensating Controls – PCI Style

Posted by Matt on March 16, 2010

http://www.csoonline.com/article/577363/PCI_and_the_Art_of_the_Compensating_Control

This article on CSO Online, by Branden Williams pulls an excerpt from chapter 12 of “PCI Compliance” by Dr. Anton Chuvakin and Branden Williams (Syngress, 2009). For a full sample chapter, see http://www.pcicompliancebook.info/

Check out the definition of Compensating Controls.

Posted in Controls, Information Security | Leave a Comment »

Jericho Forum Releases Self Assessment Framework for Security Products

Posted by Matt on March 16, 2010

http://www.opengroup.org/jericho/self-assessment.htm

This might be considered within a vendor assessment process, or perhaps a security assessment process when a particular product is being considered for purchase by an organization.

Posted in Information Security, Risk Assessment | Leave a Comment »

Recent Attacks Show Focus Should Be On FFIEC MFA’s “Layered Security”

Posted by Matt on March 12, 2010

For regulated financial institutions, it is becoming clear that the FFIEC Interagency Guidance on Multi-Factor Authentication is not current with the present threat landscape.  Multi-Factor Authentication has long been understood to be an ineffective control against Man-In-The-Middle Attacks.  The Guidance leads one to believe that true Multi-Factor Authentication is preferable over what the Guidance calls “Layered Security.” The latter includes such technologies as transaction monitoring for anomalous activity, IP address geolocation and other indicators of malicious activity.   For details on the actual Interagency Guidance, see this page.  See also, a sample MFA risk assessment.

Small business banking customers usually maintain large account balances to support and operate their businesses, including payroll and accounts payable.  Small business banking customers are a current favorite of online theives because of these large accounts. Further compounding the problem is the reality that small businesses are most likely to lack critical information security precautions and controls. As such, small-businesses are much more likely to suffer malware infections on company PCs.

Security blogger Brian Krebs has this to say about the Zeus trojan:

“In every case I have investigated, the crooks had installed malicious software — usually the ZeuS Trojan — on the victim’s PC. This allows the criminals to control what the victim sees in his or her browser.  ZeuS will re-write the bank’s HTML on the fly, and inject HTML elements into the bank’s page. Mind you, they are not altering the bank’s real site — just what the victim/customer sees.”

Zeus infects an information security company.

In conducting Multi-Factor Authentication risk assessments, pursuant to the FFIEC Guidance, and as expected and enforced by  financial regulators, we need to consider the current wave of successful attacks against small business customers.  Where the assets at stake are particularly lucrative, the “Layered Security” components of the MFA Guidance will likely be more effective than the use of true Multi-factor authentication.  The key will be implementing a near real-time response to transaction monitoring triggers to stop any anomalous transactions before the money leaves the financial institution.

Posted in Controls, Information Security, News, Regulation, Risk Assessment, Risk Management & Compliance | Leave a Comment »

Multi-Factor Authentication Is Not Enough

Posted by Matt on March 12, 2010

Krebs on Security: Crooks Crank Up Volume of E-Banking Attacks

Posted in Information Security, News, Regulation | Leave a Comment »

FDIC: Hackers took more than $120M in three months

Posted by Matt on March 9, 2010

FDIC: Hackers took more than $120M in three months

Posted using ShareThis

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WSJ Coverage of the RSA Conference

Posted by Matt on March 9, 2010

Einstein cyber-defense system revealed

Michael Chertoff: Most people don’t understand cyber threats

Sophisticated Hackers Target Source Code Repositories; Seeking Intellectual Property

Posted in Information Security | Leave a Comment »

RSA Conference 2010 – Opening Keynotes

Posted by Matt on March 8, 2010

Art Covielo, CEO, RSA.

In Art Covielo’s keynote speech at the 2010 RSA Conference, he acknowledged the need for developing a secure, measurable and auditable cloud computing infrastructure. Cybersecurity has become political focal point, with the FBI, DHS and White House, to name a few, reacting to the CSNCI. Not only is malware a pandemic, it is becoming a legitimate threat to national security. At some point in the near future cyberwar and cyberterrorism could rival traditional war in its potential for economic and societal disruption. (Read More).

Scott Charney, Microsoft.

The cloud will demand end-to-end trust. Don’t forget about the massive installation base of shrink-wrap software out there. It is not going away overnight. Charney’s comment is surprising because it seems to highlight Microsoft’s inability to ever execute on Bill Gates decades old vision of a subscription-based, software as a service distribution channel for Microsoft products. Granted, for a majority of this time such delivery was hindered by bandwidth and infrastructure issues, such as slow penetration of broadband into consumer homes. (Read More).

Enrique Salem, Symantec.

Whoever can secure the cloud will win big. Those providers that can afford reasonable privacy measures will draw the most business. There is an explosion in non-Windows-based mobile devices, one of the next frontiers in computing. How these devices interact with the cloud and how privacy and security are enforced in this use cases is critical. These devices will want to access corporate and personal information.

The fabric of our social interactions is changing, as it moves into cyberspace, enabled by such phenomena like Facebook and Salesforce.com. We may be able to control what our employees say about our companies but not what our employees say about themselves.

Attacks are narrowing in focus. Siloed threats are going after confidential, corporate and government data. The top three losses are intellectual property, financial data and customer personal information.  100% of 2100 companies surveyed claimed a cyber loss. Instant messages with malicious links, emails w/ malicious links and malicious code are causing fooling many users. In 2008, Symantec published 1.6 million new signatures. In 2009, that number grew to 2.9 million!

Reputation will hinge on security.

Cryptographer’s  Panel

Talk of a trust bubble: like the housing bubble and the dot com bubble before that, a trust bubble exists, buoyed by misplaced trust in both public and private sector to protect our personal information. This bubble may burst in the coming year if we plunge to quickly into reckless outsourcing of such critical data into the cloud.

Howard Schmitt: Role of the government in cybersecurity going forward, includes coordinating across all branches of government, at least the legislative and the executive branches, and keep the seeds planted in the minds of the president and his advisors. There is a long way to go. The near-term goals of the Commission are being worked on now, one of which was to appoint Schmidt. FISMA has shortcomings that need to be addressed. The OMB will release new FISMA performance metrics, more attention to control monitoring in real time. There will be someone appointed to a role for cyber privacy and protection of civil liberties. The administration is working on over 40 legal questions relating to the CSNCI report. There is also a large outreach and education/awareness effort being planned. October will be cybersecurity month.  There is a framework for research and development being created to guide the public/private collaboration.

See http://www.whitehouse.gov/cybersecurity and download the cybersecurity initiatives in the CSNCI.

National Security Panel: Michael Chertoff, Richard Clarke, Mark Rotenberg

Cyber warfare is a growing threat the United States. The United States is not as prepared as we should be for a cyber attack of a large magnitude, against critical infrastructure, by a nation state. WE do get attacked everyday. All major companies and governments have been penetrated and terabytes of data have been lost. Much of this is intellectual property, lost to industrial espionage. According to Richard Clarke, forget about securing the Cloud, we can’t even stop hackers on our networks! As nation states continue to arm themselves for cyber war we will contine a cyber arms race. We have detected logic bombs laced throughout the nation’s power grid; it would foolish to assume we’ve not done the same thing to other countries. Massive data breaches flow to China and Russia. (Read More).

Posted in Information Privacy, Information Security | Leave a Comment »

RSA 2010 Summary By ComputerWorld

Posted by Matt on March 8, 2010

“Google attacks, Web 2.0 fuel FUD at RSA”

http://tinyurl.com/yh4n92b

Posted in Information Security, News | Leave a Comment »

Protected: ABA Information Security Committee Pre-RSA 2010 Meetings

Posted by Matt on February 27, 2010

This post is password protected. To view it please enter your password below:

Posted in Federal Statutes, Information Security, Regulation, State Statutes | Enter your password to view comments.

 
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