Archive for the ‘data breach’ category

Verizon Survey

May 5th, 2017

Verizon mentioned that increase in the propriety research, prototypes, and amounts of confidential personal data is the major factor for the rise in the phishing attack. It also mentioned that there is an increase in 50 percent in the attacks last year.

Almost 95% of the attacks include the phishing technique of software installation on the user device. There is also rise in getting the information by pretending someone else. These are called pretexting attacks. Eighty-eight percent of pretexting attacks originated from emails.

Many smaller organizations also suffered a data breach. Sixty-one percent of breach occurred at the companies having less than 1000 employees.

“Cyber-attacks targeting the human factor are still a major issue,” Verizon Enterprise Solutions Global Security Services Executive Director Bryan Sartin said in a statement. “Cybercriminals concentrate on four key drivers of human behaviour to encourage individuals to disclose information: eagerness, distraction, curiosity and uncertainty. And as our report shows, it is working, with a significant increase in both phishing and pretexting this year.”

Verizon mentioned that three quarters of the breaches was caused by outsider. Almost 51% involves criminal groups.

Finance sector was the major area where attacker focused. Almost 24% attacks counted for this sector. Healthcare involves 15% of data breaches.

“The cybercrime data for each industry varies dramatically,” Sartin explained. “It is only by understanding the fundamental workings of each vertical that you can appreciate the cyber security challenges they face and recommend appropriate actions.”

Survey also found out that 73% percent of the attacks are financially motivated.

“Social engineering is a common means for cybercriminals to establish a foothold,” report authors warned. “And employees are making this easy by using easy-to-guess passwords. Users, and even IT departments are even often guilty of not changing the default passwords that devices come with, and can easily be looked up online.”

The report author at Verizon mentioned that encryption and two-factor authentication also help to limit the damage.

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Companies planning to implement security-as-a-service model

April 29th, 2017

OPAQ Networks sponsored the recent survey of 301 US-based IT professionals. It shows that 87 percent of participants are planning to use security-as-a-service model. Survey also mentioned that 40 percent of companies manage security through part-time employees, contractors and Managed Security Service Providers (MSSPs).

According to eight two percent participants, the in-house staff spends 20 to 60 hours a week for procuring, implementing and managing a variety of security products.

“The security challenge for mid-tier businesses is multi-dimensional,” 451 Research analyst Daniel Cummins mentioned in a statement. “For these businesses, everything seems to be increasing — attack frequency, compliance requirements, complexity, costs, and the number of security products that need to be managed.”

Three-fourth of participants said that they dedicate between three to five full-time employees to security. The total cost incurred is $178,000 a year. Forty percent believe that the security spending is going to increase by 10 to 20 percent within one year. Seventy-two percent prefer security as service.

“We thought there would be a preference for the ease and simplicity of security-as-a-service solutions, but we were genuinely surprised by both the degree and urgency of the market demand,” OPAQ chief strategy and technology officer Ken Ammon mentioned in a statement.

“MSSPs are and will continue to play an important role in advising and supporting incident response, but this study reveals that MSSPs should look to leverage cloud-based solutions in order to deliver what the market is demanding,” Ammon added.

Survey participants mentioned that they seek cloud-based security functionality which includes data loss prevention, network access control and encryption.

Other survey conducted by Spiceworks and undertaken by Carbonite shows that only  11 percent of IT pros’ time is utilized on IT planning and strategy while 13 percent is utilized on modernizing technology.

“In a time when data threats are more prevalent than ever, it’s important IT teams have the capacity to focus on mission-critical tasks as well as proactively preparing for threats and strategizing ways to innovate their existing technology in order to facilitate a safe and secure organization,” Carbonite chief evangelist Norman Guadagno said in a statement.

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Alertsec helps you comply with HIPAA, PCI and SOX requirements. The implemented encryption is powered by CheckPoint and has the highest security certifications: FIPS 140-2, Common Criteria EAL4 and BITS.

Security Survey For Mobile Data Breach

April 25th, 2017

According to the recent survey by Dimensional Research, Sixty-four percent of security professionals feel that their organisations cannot prevent a breach to employees’ mobile devices.

Highlights of the survey are as below:

Twenty percent had suffered mobile breach incident

Twenty-four percent are not sure of the breach or they can’t tell about it

Fifty-one percent believe that breach to mobile is equal to that of PCs

“Perhaps the high level of concern is based on the frequency of mobile device loss or theft, as well as the limited security measures companies use to protect enterprise mobile devices,” the report states.

More than a third of companies fail to secure mobile devices as required and only thirty-eight percent take help of mobile security solution. Fifty-three percent says that lack of budget leads to a less secure environment. Forty-one said the shortage of resources is the reason.

“The dichotomy of management trying to control costs and security professionals struggling with insufficient tools to repel attackers is not a new story line in most enterprises,” the report notes. “Unfortunately, the story usually ends sadly with a huge, embarrassing event with the press blazing headlines of a costly hack and the company suffering brand damage and loss of customer confidence.”

Ninety-four percent feels that mobile attack will increase in coming time

Seventy-nine percent expect that complexity of mobile security will increase

Twenty percent said that mobile breach can cost $500,000 and 11 percent said it will cost more than $1 million for the companies

“The research consistently revealed that the overall focus and preparedness of security for mobile devices is severely lacking,” Dimensional Research principal David Gehringer said in a statement.

“Security professionals identified the risk of mobile devices, but focus and resources assignment seem to be waiting for actual catastrophes to validate the need to properly prepare their defenses,” Gehringer added. “It’s unfortunate that so many companies have not learned from the past and are doomed to repeat wasted costs and the customer outrage of being breached.”

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Illegal Access of Health Records

April 23rd, 2017

Virginia Mason Memorial Hospital employees accessed data which was not included in their job responsibility. Facility found out that 21 hospital employees were involved. The incident has affected 419 emergency room patients.

Facility has immediately sent the notification letters to affected patients. Also, patient record access to the employees is revoked. Hospital conducted an investigation and third party forensic firm is hired to determine whether the data is available in the black market.

Till now there is no indication of information misuse. The hospital’s chief compliance and privacy officer Trent Belliston mentioned that investigators did not find any evidence to believe that employees had any malicious intent.

“No evidence that the information’s being used in an improper way,” said Belliston. “We believe this to be a case of snooping, or individuals who were bored.”

Belliston also mentioned that there is no evidence suggesting this was a targeted attack.

“It was a wide array of patients and information,” Belliston said.

Twenty-one employees are disciplined or terminated based on their extent of involvement. Hospital CEO Russ Myers mentioned that labor and confidentiality laws stop him from naming which employees were part in the security breach or how the employees were disciplined.

Patient medical and demographic information were viewed by the employees. Financial information was not seen.But Belliston mentioned that patient Social Security numbers may have been viewed as it was present on the patient records.

Facility is providing free credit monitoring for all potentially affected patients for two years. Also, a call centre is set up to answer queries.

“There’s the potential for this to happen in a hospital at any point in time,” said Belliston.

“Similarly to how important the safety of the patient is from a physical standpoint, likewise, the security of their information is also of great importance to us, making sure their information is safe,” he added.

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Firms to spend more on cyber security

April 21st, 2017

As per the recent Duff & Phelps survey, eighty-six percent of financial services firms are planning to spend more time and resources on cyber security in this year. In 2016, only 60 percent said they planned to spend more. Also, thirty-one percent mentioned that the cyber security is the top priority.

“Cyber security is at the top of the agenda for financial services firms today,” Jason Elmer, managing director for compliance and regulatory consulting at Duff & Phelps, said in a statement. “In the wake of high-profile cyber attacks, many are anticipating clearer and more punitive cyber security regulation to be implemented.”

“Firms are proactively looking to strengthen cyber defenses as a result, and this is an opportunity for regulators to collaborate with financial institutions to form new rules,” Elmer added. “What’s also clear is that commercial pressures from investors concerned about the security of their sensitive data will accelerate any attempt to improve cyber security measures.”

There is a high cost involved in the case of a breach. Kaspersky Lab conducted a survey of financial institutions. It mentioned that cost of even a single cyber security incident to a financial institution in the U.S. can rise up to $1,165,000.

Other findings of survey include-

Fifty-three percent believe that their top concerns are phishing/social engineering attacks on customers

Thirty-three believe that attack can happen on local/branch office

Thirty-one percent believe that digital banking services can be the target

“Given the substantial monetary losses from cyber attacks, it is not surprising that financial organizations are looking to increase spending on security,” Kaspersky Lab vice president for enterprise business Veniamin Levtsov said in a statement.

“We believe successful security strategies for financial organizations lie in a more balanced approach to allocating resources — not just spending on compliance, but also investing more in protection from advanced targeted attacks, paying more attention to personal security awareness and getting better insights on the industry-specific threats,” Levtsov added.

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Alertsec helps you comply with HIPAA, PCI and SOX requirements. The implemented encryption is powered by CheckPoint and has the highest security certifications: FIPS 140-2, Common Criteria EAL4 and BITS.

Encryption strategy for enterprises

April 18th, 2017

A Recent survey of Thales’ 2017 Global Encryption Trends Study shows that only 41 percent of enterprises have an encryption strategy which has consistency throughout the company.

Other findings of the reports are as follow-

Forty-six encrypts data on-premise before sending to the cloud

Twenty-one percent encrypts data in the cloud

Thirty-seven percent gave control of keys and encryption processes to cloud service providers

Fifty-five percent believe that compliance is the most important driver for encryption

“The accelerated growth of encryption strategies in business underscores the proliferation of mega breaches and cyber attacks, as well as the need to protect a broadening range of sensitive data types,” Ponemon Institute chairman and founder Dr. Larry Ponemon said in a statement.

“Simply put, the stakes are too high for organizations to stand by and wait for an attack to happen to them before introducing a sophisticated data protection strategy,” Ponemon added. “Encryption and key management continue to play critical roles in these strategies.”

A different survey conducted by Venafi of more than 1,540 information security professionals shows that twenty-three percent have no idea the extent of decryption and inspection of encrypted data.

“Encryption offers the perfect cover for cyber criminals,” Venafi chief security strategist Kevin Bocek said in a statement. “It’s alarming that almost one out of four security professionals don’t know if his or her organization is looking for threats hiding in encrypted traffic.”

“It’s clear that most IT and security professionals don’t realize the security technologies they depend on to protect their business are useless against the increasing number of attacks hiding in encrypted traffic,” Bocek added.

This survey also showed that 41 percent companies encrypt at least 70 percent of internal network traffic.

“Although the vast majority of the respondents inspect and decrypt a small percentage of their internal encrypted traffic, they still believe they can quickly remediate a cyber attack hidden in encrypted traffic,” Bocek said. “The problem is that attackers lurking in encrypted traffic make quick responses even more difficult.”

“This is especially true for organizations without mature inbound, cross-network, and outbound inspection programs,” Bocek added.

“This overconfidence makes it very clear that most security professionals don’t have the strategies necessary to protect against malicious encrypted traffic.”

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Hacking of Amazon third-party sellers’ accounts

April 16th, 2017

Hackers use passwords for high-profile breaches to compromise Amazon third-party sellers’ accounts. The attackers stole tens of thousands of dollars from sellers’ accounts. They also posted nonexistent items for sale in order to get more funds.

The incident has affected two million seller accounts on Amazon.com account which counts for more than half of its sales. As per the reports, over 100,000 sellers earn more than $100,000 a year.

Amazon seller Margina Dennis told NBC News about the fraud. She got 100 emails from customers. They were complaining of not getting a Nintendo Switch. The product was uploaded on site through her account by hacker. They also changed the accounts password.

An Amazon spokesman said “There have always been bad actors in the world; however, as fraudsters get smarter so do we. Amazon is constantly innovating on behalf of customers and sellers to ensure their information is secure and that they can buy and sell with confidence on Amazon.com.”

Third-Party Risk

CyberGRX CEO Fred Kneip mentioned that hackers are targeting Amazon’s third-party ecosystem for financial gain.

“Amazon is a high-profile example of how increasingly connected businesses have become, but organizations across the world in every industry are undergoing a similar transformation as outsourcing, globalization and the digitization of business expand their digital ecosystems exponentially,” he said.

“Whether it’s one of the world’s largest retailers or a small business, companies need to approach third-party cyber risk as a real threat to their business that needs to be continuously managed,” Kneip added.

AlienVault security advocate Javvad Malik mentioned that third party vendors should look for their own security.

“It is therefore, important that all companies of all sizes have at least a basic level of threat detection controls in place that can alert when unexpected changes occur, or when systems start behaving in an unusual manner,” he said.

“Compromised credentials are the leading attack vectors in cyber breaches, as hackers target networks through trusted third-party suppliers and contractors who likely have less rigorous security than the ultimate target,” Centrify senior director of products and marketing Corey Williams said.

“This certainly won’t be the last time we see third parties being hacked — organizations need to up the security stakes with multi-factor authentication, which requires more than one method of authentication to verify the user’s identity for a login or other transaction, in order to stop the use of stolen credentials,” Williams 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.

High value targets for hackers

April 13th, 2017

IT administrators and other high-value targets are valuable to hackers. Enterprise password management solution, Secret Server, Thycotic has created a solution which uses machine learning technology to help companies spot probably compromised accounts along with insider threats.

Privileged Behavior Analytics (PBA), a cloud-based tool in Secret Server 10.2 can detect anomalous behavior in privileged accounts.  R.J. Gazarek, product marketing manager at Thycotic said that the privileged accounts need to be secured as they handle crucial information.

“If privileged access is not monitored, analyzed, and alerted on it can lead to devastating data breaches and abuse from the inside out,” Gazarek told eSecurity Planet. “In some cases, the breach may not even be intentional, just someone accessing a system they shouldn’t have had access to.  Having a tool in place that can detect anomalous and unusual privileged behavior, as it happens, is critical in detecting, stopping, and remediating potential breaches and mistakes.”

Artificial intelligence and threat scoring technologies are used by the Thycotic solution.

“The privileged account behaviors and analytics that PBA extension for Secret Server can detect are, for example, privileged accounts being used outside of normal hours than previously used before, privileged accounts being accessed by employees who have never accessed them previously or privileged accounts which are being used excessively that is deemed abnormal behavior,” explained Joseph Carson, chief security scientist at Thycotic. The tool can also be used to help organizations rein in their use of privileged accounts.

“Being able to see privileged account behavior or deviations from normal usage is a huge advantage from a company who wants to add better security controls or to reduce the amount of unused privileged accounts – in turn reducing the privileged account landscape that could be exploited by cyber criminals,” Carson added.

With the help of Thycotic’s Privileged Behavior Analytics, one can manually set the system’s sensitivity. Email alerting option is also provided.

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Ransomeware attack at ABCD

April 8th, 2017

ABCD Pediatrics recently suffered ransomware attack. According to the statement, a virus was inserted to gain access to the healthcare organization’s servers. Patient data was encrypted in the process. Facility contacted IT personnel to take all servers offline. It is conducting detailed analysis.

Experts came to conclusion that this particular type of virus has likely not removed the information from the server.  Facility also mentioned that user accounts may have been accessed through it’s network. Affected information includes names, addresses, phone numbers, dates of birth, Social Security numbers, insurance billing information, medical records, and lab reports.

As per the OCR data breach reporting tool, approximately 55,447 patients may have been affected. ABCD has successfully removed the virus from the system. Corrupted data was also removed from its servers. Secure backup of the facility is not affected and thus used to restore all impacted data. It also mentioned that no PHI was lost or destroyed in the incident.

“Also, please note that ABCD never received any ransom demands or other communications from unknown persons,” ABCD stated. “However, ABCD remains concerned because it discovered user logs indicating that computer programs or persons may have been on the server for a limited period of time.”

Facility has upgraded it cyber security monitoring program to stop future incidents. Call centre is setup for the affected patients.

“Patients also can place a fraud alert on their credit files with the three major credit reporting agencies. A fraud alert is a consumer statement added to one’s credit report. The fraud alert signals creditors to take additional steps to verify one’s identity prior to granting credit. This service can make it more difficult for someone to get credit in one’s name, though it may also delay one’s ability to obtain credit while the agency verifies identity.”

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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.

Data breach trends in 2016

April 5th, 2017

As per the IBM report, data breach increased 566 percent in 2016 from 600 million to more than 4 billion. The report also mentioned that healthcare in no longer the most attacked sector. Most of the attack was carried out on financial services industry.

In 2016, 12 million records were affected in healthcare. In previous year, the breach was 100 million records which counts to eighty eight percent drop. IBM surveyed 8000 security clients in 100 countries.

IBM Security Vice President of Threat Intelligence Caleb Barlow mentioned that the cyber attacks was carried out with innovative techniques.

“While the volume of records compromised last year reached historic highs, we see this shift to unstructured data as a seminal moment,” Barlow said in a statement. “The value of structured data to cyber-criminals is beginning to wane as the supply outstrips the demand. Unstructured data is big-game hunting for hackers and we expect to see them monetize it this year in new ways.”

IBM mentioned that for ransomware attacks, 70 percent of the companies paid more that $10,000 to regain the access to data. According to the FBI, cyber-criminals were paid $209 million in first three months of 2016.

Ransomware attacks are on the rise with 400 percent increase. In the coming time healthcare will do many reforms which includes increase in internet of things (IoT) technology. This will increase the attacks.

“Retail and financial services have battened down their hatches,” IDC Health Insights Research President Lynne Dunbrack told HealthITSecurity.com in a 2016 interview. “Now the cyber criminals might still be nipping at those heels, but they are looking at other targets, healthcare being one of them.”

CynergisTek Vice President Dan Berger mentioned that attacks against healthcare are carried out with sophistication.

“The dramatic increase in hacking attacks in 2016, coupled with the large number of patient records compromised in those incidents, points to a pressing need for providers to take a much more proactive and comprehensive approach to protecting their information assets in 2017 and beyond,” Berger stated.

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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.