Archive for the ‘security budget’ category

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

Cyber Security Professional Salaries

May 16th, 2017

Salaries of information security personnel of U.S. government agencies should increase approximately $7,000 to match the annual salaries of their private sector counterparts.

As per the recent survey sponsored by (ISC)2, Booz Allen Hamilton and Alta Associates, eighty seven percent believe that hiring and retaining qualified information security professionals is important for organization’s infrastructure.

“It’s crystal clear that the government must enhance its benefits offering to attract future hires and retain existing personnel given its fierce competition with the private sector for skilled workers and the unprecedented demand; unfortunately, the layers of complexity involved in fulfilling that goal are significant,” (ISC)2 managing director Dan Waddell mentioned in a statement.

As per the respondents, effectiveness of the security can be achieved by –

Increase in training programs (62 percent)

Monetary package for professional cyber security certifications (62 percent)

Improving salary packages (57 percent)

Flexible work schedules (56 percent)

“In today’s environment where cyber talent is scarce, organizations must recruit and train untapped talent pools, focusing on women, minorities, veterans and older workers,” Booz Allen Hamilton senior executive advisor Ron Sanders said.

“And while it can be difficult for government agencies to compete on salary alone when vying for these cyber warriors, they can appeal to a recruit’s sense of mission and purpose, tout the cutting-edge work being done and highlight opportunities for advancement,” Sanders added.

Challenges in Security

“The U.S. federal government is racing to boost data security against odds not generally faced in the private sector today,” 451 Research principal analyst Garrett Bekker said in a statement. “A major challenge in securing the far-flung systems in the U.S. federal government is the plethora of aging legacy systems still in place, with one example being a 53-year-old Strategic Automated Command and Control System at the Department of Defense that coordinates U.S. nuclear forces and uses 8-inch floppy disks.”

“In short, this ‘perfect storm’ of very old systems, tight budgets and being a prime cybercrime target has created a stressful environment,” Bekker added.

Accenture conducted survey of 3500 US citizens. It found out that seventy four percent do not have much confidence in government considering data security.

“While government agencies face many cyber security challenges, the research found strong citizen support for government organizations to take steps to increase data security and protect citizen information,” Accenture public service strategy lead Peter Hutchinson said in a statement.

“Government agencies that take a comprehensive end-to-end security approach by integrating cyber security deep into their organizations will not only secure their data, but also win the trust and confidence of the citizens they serve,” Hutchinson 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.

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

Keeping sensitive information from leaks

April 11th, 2017

Today companies needs to keep the data very secure due to need of protecting corporate data and  also regulations which require consumer data to be protected. EU General Data Protection Regulation (GDPR) are increasing the fines for non compliance. It is daunting task for companies to comply with regulations.

“I can see the difference from before GDPR and after GDPR,” he said of companies scrambling to shore up data leaks. “Even if I have a tiny office somewhere, I need to check for confidential data.” And automating this scrutiny is the only way to effectively manage it.” said Angel Serrano, senior manager of advanced risk and compliance analytics at PwC UK in London.

What is DLP?

ISACA mention it “data leak prevention”.

Gartner calls it “data loss protection” or “data loss prevention”.

It prevents unauthorized users from sending sensitive data.

“DLP is not one thing, like a tomato,” GBT Technologies co-founder Uzi Yair said, referring to GBT’s enterprise suite of products. In addition to more traditional practices such as scanning endpoints, network and storage as well as policy management and workflow tools, it includes an information rights management (IRM) policy server that applies file-level control over who has access to what, where – it might be solely on-premises – and when.

Recent reports on DLP has below highlights:

  • An average of 20 data loss incidents occur every day all around the world
  • Eighty three percent of organisations have security solutions but still thirty three percent suffer from data loss
  • DLP detects incidents and has regular expressions, dictionary-based rules, and unstructured data for breach detection.
  • Many facilities use DLP only for email instead of full business applications

DLP takes two forms:

  • Agent software for desktops and servers, physical and virtual appliances for monitoring networks and agents, or soft appliances for data discovery
  • Integrated DLP products that may offer more limited functionality

“All these web applications like Google Drive and Office 365 are integrating with other satellite applications,” said Krishna Narayanaswamy, founder and chief scientist at Netskope.” Salesforce uses Google Drive as a place to store files. DocuSign can put documents in Google Drive. You need to be at all the points where data is going into these applications. You need to be able to inspect that data at rest and determine who uploaded that data. Also inspect and apply policies to outgoing email.”

Many companies do not use new ways.

“The new generation considers email a dinosaur. They go to social media – Twitter, LinkedIn, Facebook – you have to cover those as well. More and more communication is coming via SSL, and that’s a big blank spot that many DLP vendors have not considered,” Narayanaswamy said.

“When you look at the web, there are many reasons for sending data from inside to the outside,” Narayanaswamy said. “Modern applications constantly post information about how users are using the application, response times, and so forth, to improve user experience. When you look at every post transaction, there’s a potential for many false positives,” which have been the bane of DLP.

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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.

Financial companies get new security law

February 28th, 2017

The State of New York will be implementing new regulations that require banks, financial services companies to have cyber security programs and also maintain them to specific standards.

“As our global financial network becomes even more interconnected and entities around the world increasingly suffer information breaches, New York is leading the charge to combat the ever-increasing risk of cyber attacks,” Maria T. Vullo, superintendent of the New York State Department of Financial Services, said in a statement.

Financial companies now need to check security at third party vendors. Also, they need to maintain adequately funded and staffed cyber security program. It should be monitored by qualified management. The team should report to organisation’s senior body.

Standards are also set for access controls, encryption and penetration testings. Breaches should have response plan. Preservation of data comes under this new rule. And notification to the Department of Financial Services should be sent.

Prevalent director of product management Jeff Hill told “The economic wake of a substantial data breach can stretch for years, impacting not only tangible bottom line results, but also inflicting reputational damage that can linger indefinitely.”

“New York State’s new rules are particularly forward-looking in that they emphasize the importance of understanding and managing third party risk, the source of more than half of all breaches according to a number of studies,” Hill added. “Addressing what is often the soft underbelly of many enterprises’ cyber security defenses — third parties/vendors — the State of New York is forcing a critical element of its economic infrastructure to cover all its bases.”

“In recent times, the regulatory pendulum has begun to swing in favor of a ‘lighter’ approach for banks, financial services and for other industries too, for that matter,” VASCO Data Security head of global marketing David Vergara said by email. “It’s good to see, however, that good sense regulations like this one have survived to offer additional consumer protection via thorough evaluations of third party vendors, comprehensive risk assessments and advocacy for stronger multi-factor authentication.”

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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 at Quest Diagnostics

December 15th, 2016

Quest Diagnostics recently suffered data breach which may have involved the information of 34,000 patients. According to the reports,  an unauthorized third party got access of the MyQuest Care360® internet application.

Quest Diagnostics is a global company with headquarters in the U.S. It has operations in India, Ireland, and Mexico. Customers from more than 130 countries use its products and services. Facility also has collaboration with many international diagnostic laboratories, clinics and hospitals.

In United States, facility provides clinical testing services through a national network of laboratories. It is located in major metropolitan areas. In India, it provides a range of products and services to physicians, hospitals, life insurance companies and pharmaceutical/biotech companies through the state-of-the-art laboratory facility in Gurgaon.

In the data breach, Social Security numbers, credit card information, and insurance or other financial information are safe. Affected information included name, date of birth, lab results, and telephone numbers for few.

“When the intrusion was discovered, we immediately took steps to stop any further unauthorized activity,” read the letter, which was signed by Quest Executive Director of Compliance Operations & Privacy Office Carl A. Landorno. “We are taking steps to prevent similar incidents from happening in the future, and are working with a leading cybersecurity firm to assist with our investigation and to further evaluate our systems. We have also reported the incident to federal law enforcement authorities.”

Quest believes that there is no indication that the PHI has been misused in any way. It also mentioned that there is no need for potentially affected individuals to take additional steps to protect themselves from the breach.

“We sincerely apologize for this breach of your information. We have established a dedicated toll free number for you to call if you have any questions regarding this incident.”

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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.

Unauthorized access and data breach

May 31st, 2016

The Southeast Eye Institute, PA, or Eye Associates of Pinellas recently suffered a possible healthcare data breach. The incident occurred due to hacking incident.  An unauthorized party accessed patient files which was managed by a third-party vendor.The number of affected patients stands at 87,314 individuals as per Office of Civil Rights (OCR) data breach portal.

“We have learned that Bizmatics became aware of the incident in late 2015, but neither Bizmatics, law enforcement, nor the cyber forensics firm is able to pinpoint the precise date on which the attack began. Bizmatics has communicated to us that it believes the incident began in early 2015.”

Bizmatics Inc, an off-site vendor for Southeast Eye Institute was attacked by hackers. Affected information included names, addresses, telephone numbers, Social Security numbers, dates of birth, and insurance information. The practice reported that medical and financial information was not involved in the event.

Bizmatics Inc mentioned that patient information was segregated into several different files. The purpose was to increase healthcare data security measures. It didn’t mention whether hackers were able to combine all the data. It didn’t confirm the type of patients file which were affected.

Southeast East Institute mentioned that affected patients included who visited the facility an on or before November 16, 2015.

“We have no reason to believe that our patient files were the target of the hackers’ attack on Bizmatics. Due to the nature of the attack, Bizmatics cannot say for certain that PTCOA’s patient files were among the data that was accessed or acquired by the hacker.”

Southeast Eye Institute no longer works with Bizmatics Inc. However, the Bizmatics Inc. contacted the FBI. It also hired a cybersecurity firm to improve its data security measures which includes strengthening firewalls and network configurations.

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