Archive for June, 2017

IoT Security

June 6th, 2017

The Internet of Things (IoT) is seeing the rapid rise but it seems to repeat the history of technology evolution. The pace of growth is not matched with security requirements. IoT helps automation as well as real-time synchronization of business processes. The implementation helps for precise response in real time.

 “IoT devices assist businesses in real-time responses to supply-and-demand market effects, they empower patients and healthcare professionals to continuously monitor conditions, and they enable electric grid operators to adjust the production, flow, and cost of electricity according to real-time market demands to ensure the most efficient, resilient, and cost-effective solution,” says James Scott, senior fellow at the Institute for Critical Infrastructure Technology, a Washington DC-based cybersecurity think tank.

 Hundreds of companies now provide IoT solutions. But security aspect is lagging behind.

 “As was shown in the Dyn attack, we appear doomed to repeat the mistakes we made with PCs and mobile devices in IoT,” says Tom Byrnes, founder and CTO of ThreatSTOP. “Once again, cost reduction has made security an afterthought, if a consideration at all, with predictably disastrous consequences.”

It is different than other systems as threat involved is higher due to many connection points. As per the Intel, 200 billion IoT devices will be online by 2020.

“Most IoT devices and sensors lack any form of security or security-by-design,” says Scott.

 “Without the layered security of the IoT microcosms, hacktivists can disrupt business operations, cyber-criminals can compromise and ransom pacemakers, and cyber-jihadists or nation-state sponsored threats can compromise and control the grid,” to name just a few of the potential IoT security attack scenarios.

“Every IoT device has inherent vulnerabilities and exploitable weaknesses resulting from a culture that sacrifices security in the design process in favour of meagre savings and in the rush to market,” says Scott. “The overwhelming preponderance of insecure IoT devices in the future will render security an impossibility in the future.”

Most of IoT devices do not have computational power or battery life to have security applications.

“We need to develop cost-effective IoT devices that incorporate security-by-design rather than cheaper and less secure alternatives,” says Scott. “While that may save a few dollars in the short-term, it puts the public and critical infrastructure at risk of losing millions of dollars and valuable data in the long-term.” 

Also, there is a lack of platform standards.  

“With old devices lasting longer than ever before, there are many devices currently in use that do not support new standards,” says Sam Rehman, Chief Technology Officer of Arxan. “Hackers will always see legacy devices as a prime choice of the entry.”

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Healthcare Industry Most Affected by Data Breach

June 2nd, 2017

As per reports, healthcare industry was frequently attacked by cyber hackers. Vectra Networks survey suggests that 164 threats were detected per 1,000 host devices. The education industry has 145 threat detections per 1,000 host devices.

“The data shows that healthcare and education are consistently targeted and attackers can easily evade perimeter defences,” the report mentions.

There is a rise of 265 percent in the average number of reconnaissance, lateral movement and exfiltration detections. Also, 333 percent rise was recorded for reconnaissance detections. Finance and technology received below-average threat detection rates mainly due to stronger policies and good response. Media companies has highest rates of exfiltration.

Healthcare industry now has a significant number of IoT.

“These unsecured devices are easy targets for cybercriminals,” the report mentions.

As per Synopsys survey, sixty percent of manufacturers and 49 percent of HDOs said that usage of mobile devices in hospitals and other healthcare organizations increase data risk. But only 17 percent are employing steps to prevent attacks.

“The security of medical devices is truly a life or death issue for both device manufacturers and healthcare delivery organizations,” Ponemon Institute chairman and founder Dr Larry Ponemon said in a statement. “According to the findings of the research, attacks on devices are likely and can put patients at risk. Consequently, it is urgent that the medical device industry makes the security of its devices a high priority.”

Medical devices are difficult to secure as per the eighty percent of respondents.

“These findings underscore the cyber security gaps that the healthcare industry desperately needs to address to safeguard the wellbeing of patients in an increasingly connected and software-driven world,” Synopsys global director of critical systems security Mike Ahmadi said in a statement.

“The industry needs to undergo a fundamental shift, building security into the software development lifecycle and across the software supply chain to ensure medical devices are not only safe but also secure,” Ahmadi added.

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Alertsec’s cloud-based information security service provides an easy and convenient way to protect information on your organization’s laptops and computers.