A Step-by-Step Guide to a Successful SIEM Deployment

SIEM (Security Information and Event Management) deployment based on firsthand experience implementing SIEM for a broad range of customers.

Discovery Phase - Laying the Groundwork

1. Review the organizational security posture and the initial business case for SIEM. Then prioritize the goals of the SIEM implementation from the most critical to the optional—taking into account the tasks that must be performed in order to support the effort.
2. Review in detail the organizational security policy to consider the intent behind the policy. Separate those policies from a priority standpoint. Determine what’s critical, what’s necessary for mandatory compliance and what policies are best practices to ensure a secure environment.
3. Identify current controls that are auditing those policies to determine compliance level. Ideally, a SIEM implementation should not be the first time the organization identifies that its security policy or how it’s implemented isn’t working according to plan. The reality is that these deployments often expose gaps in security execution that must be remediated before those elements can be integrated into a daily alerting and reporting structure.  
4. Identify a smaller representative subset of the current policy and devices where SIEM can be applied and enough data can be gathered to determine what changes need to occur.
    

Pilot Phase - Beginning the Implementation

The primary goal of this phase is to determine which specific SIEM project goals can be implemented in order to establish initial ROI while creating a baseline operational model and run-book.

1. The lessons learned from the discovery phase are used to implement a larger subset of technology.
2. The assumptions developed during the discovery phase are tested in real time.
3. The list of devices should be expanded to incorporate a wider set of technologies and numbers.
4. The information developed from this phase is used to determine the final steps of controlled deployment and maturity phase.

Controlled Deployment Phase - Building Capacity

The primary goal of this phase is to develop a deployment workflow that enables the organization to build capacity as full deployment approaches. This phase also serves as the initial production test run and the completion of operational run-books necessary to manage a full deployment.

Maturity Phase - Continuing to Evolve

Significant work must be performed in order to mature the organization’s security posture and implement the finer points of the deployment. This phase never has an end point—since SIEM must continually evolve.

Cyber-Digital Task Force

The Department of Justice’s internal “Cyber-Digital Task Force,” created by Attorney General Jeff Sessions in February, will release its first-ever public report later this month at the Aspen Institute’s annual Security Forum, a department spokesperson told CyberScoop.

The report is expected to detail a series of security recommendations that the government should consider to protect future U.S. elections from a myriad of different threats, including foreign hacking attempts.

A statement by the DOJ previously explained that the Task Force will “prioritize its study of efforts to interfere with our elections; efforts to interfere with our critical infrastructure; the use of the Internet to spread violent ideologies and to recruit followers; the mass theft of corporate, governmental, and private information; the use of technology to avoid or frustrate law enforcement; and the mass exploitation of computers and other digital devices to attack American citizens and businesses.”

When Sessions launched the group earlier this year, he requested that an initial report be completed by June 30. The recommendations were submitted ahead of time, according to DOJ spokesperson Ian Prior. The answers are currently being reviewed ahead of publication.

The DOJ’s disclosure was made hours after the Democratic National Committee (DNC) issued a press release criticizing the department and Trump administration for missing various cybersecurity policy deadlines, including the June 30 submission. The agency contends that it in fact made the deadline, although the publication won’t occur for a few weeks. The Aspen Security Forum begins on July 18.

The creation of the Cybersecurity Task Force on Feb. 20 came less than a week after Special Counsel Robert Mueller indicted a group of Russian internet trolls for interfering in U.S. politics. The Russians allegedly ran an extensive social media campaign that worked to trick American voters in the run-up to the 2016 presidential election, the indictment claims.

Deputy Attorney General Rod Rosenstein is expected to make “an exclusive policy announcement” on July 19 at the Aspen Institute event.

Data Protection Officer- Consultants

Why do I need a Data Protection Officer?

While the desire to protect company, customer, and vendor information isn’t new, there are new laws that are requiring organizations to take a more active role in protecting their data.  The EU recently passed the General Data Protection Regulation that requires certain businesses to have a Data Protection Officer.  In order to comply with the rule, it has been estimated that nearly 28,000 DPOs will be needed by the end of 2018.

Specifically, the General Data Protection Regulation requires companies that process data with a public authority or that regularly monitor data subjects on a large scale to have a DPO and a plan in place to protect that data.  It’s important to note that the rule not only effects companies that are biased in the EU, but also those that conduct business with its partner countries.

Because of the non-specific wording of the GDPR, one of the first steps that any company operating within the EU will need to take is to determine whether or not they are subject to the regulations in the law.  It may be necessary to hire a security consultant on a short-term basis to determine this.  Fortunately,  CyberSecOp has plenty of experience in helping companies comply with EU law and IT security background that this position would require.

What is a Data Protection Officer?

In order to comply with the new regulation, a Data Protection Officer must have, “expert knowledge of data protection law and practices”.  Additionally, the DPO must have a good understanding of the organizations' technical structure, organization, IT infrastructure, and technology.

It’s important to note that as long as an employee is capable of performing the basic functions of the role, there is no formal training requirement.  This means that the job can be assigned to an existing employee.  It is also permissible for an organization to hire an outside consultant or security firm to take on this role.

How will this affect my company?

Due to the massive penalties involved with ignoring the new GDPR, any company that meets the criteria and operates in at least some capacity in the EU will need to appoint a Data Protection Officer.  For larger companies, this role is most likely already filled by a data security team.  Small companies will most likely find it to be the most cost-effective to hire an outside company to handle its data security issues.

Mid-size companies, however, will likely struggle to come into compliance with this rule.  Keeping a full-time Data Protection Officer on staff might prove to be cost prohibitive, but it’s also possible that contracting with an outside firm may also run up costs beyond a sustainable level.  In many cases, the solution might be to find a professional with multiple skill sets who could act as the company’s Data Protection Officer while also performing other duties. CyberSecop have a team of security professionals dedicated to helping an organization in comping with GDPR and other data security frameworks.

Secure all networks, from the Internet?

In the coming years in 2019-2020, the active mobile users will cross the 5 billion mark globally, and add to this the number of tablet user will also increase. When we analyze these figures it is not difficult to estimate that there are more than 20 million IoT devices in the pipeline ready to hit the base by 2020. It means the above-given figures are all set to be part of the connected world.

All these devices mean lots of valuable data, and where there’s valuable data there are hackers trying to get access to it. Not only do we need to wrestle with new kinds of networks, many of them wireless, but we need to tackle the security of these networks while simultaneously tackling the massive scale of the problem.

Now imagine the kind of valuable data that will be churned out from these devices, and how it will be a gala time for the hackers to break into these devices and get access. No doubt we need to bring such device in our daily life, but the challenge is to get them all secured taking into account the massive breach in the line.

We asked vendors and resellers how they approach security of the WAN in this challenging environment

The internet is the network

The data center is no more the enter of the universe, but it is the Internet that new network that brings all the network closer to each other.

Mobile phone networks are rapidly being repurposed as a general-purpose data network over which voice calls are just one more application. Inside the telcos themselves, the core networking is already running over IP networks, and consumers are very comfortable with messaging applications that talk over IP networks instead of SMS. Devices in the field are adding LTE interfaces as a cheap and easy way to add networking capability to what were once disconnected devices.

“We have to rethink how we approach things,” Kopelke says. “We need to change our thinking from ‘How do I secure and protect the network?’ to ‘How do I secure and protect the data and applications?’”

Gavin Wilson, Asia-Pacific managing director at Cradlepoint “People expect to always be connected. Increasingly the connection is a mix of technologies, rather than a single layer-1 or layer-2 approach.” Instead of a loose collection of isolated technologies, the network is now an abstraction operating at a higher level, and there is no longer a functional difference between “the internet” of decades past and what all these modern mobile devices use to connect”.

The connected world and benefits

This ubiquitous networking is enabling associations to do things that basically weren’t conceivable previously. Without a system to send the information, gadgets in trucks or conveyed by field laborers would need to store information for later use. Presently they can stream a lot of information back to a server farm or straight into the cloud, and they can be inconsistent contact with different parts of the framework.

“The ability to get information out to remote people is a massive benefit, and, if a truck roll over on a delivery, an immediate duress notification can let others know the driver is in trouble,” says Michael Dyson, general manager at Advanced Mobile IT‌

“We also have digital signage that can be remotely updated,” Dyson says. “You can receive diagnostics from remote locations without having to send a technician out to the site and there are buses in New Zealand that can do on-board ticketing and have a GPS for accurate next-stop announcements.”

As it turned out to be consistently more steadily and reasonable, the requirement for the specialist like; satellite telephones, CB radios have dropped abruptly. These more seasoned technologies are turning into a fallback — as opposed to the essential strategy for building up correspondences. The generously higher transfer speed access, combined with the across the board accessibility of the supporting framework, influences the cost/to profit examination straightforward: you’d be distraught not to.

Security

Obviously, simply being associated isn’t sufficient. We likewise need to keep information and applications secure when they’re interfacing with an indistinguishable web from each content kiddie and solidified digital crime with a hunger for other individuals’ data.

“The traditional way to secure the WAN was using firewalls at each branch or backhauling branch traffic to a datacenter and use firewalls there to protect the traffic,” says Stree Naidu, vice president. Asia-Pacific and Japan for Cato Networks. “As long as we think about the firewall as a box that sits somewhere, that box defines the perimeter. But what if the perimeter was defined by a firewall that is everywhere? This is the notion of Firewall as a Service (FWaaS).”

Moving from the physical system of security that is as pervasive as the availability itself is it all about. “Systems that are secured from commencement is the name of the diversion. Rather than being a bit of hindsight or an extra, security in a world with no border implies heating it in from the start.

“It has to be about more than taking an appliance and virutalizing it,” says Zscaler’s Kopelke. “We say that’s just cloud-washing.”

Cato Networks’ Scree agrees. “The challenge most organizations face is how to extend enterprise-grade security to all their branches and mobile users globally,” he says. “Cloud networks with built-in network security can offer a way forward.”

“With users expecting a higher standard of service, these standalone appliances won’t cut it anymore,” says Dell EMC’s Elmarji. “You need to be able to provide full security on all connected devices, fast access to data, and 24/7 connectivity.”

While it’s still relatively early days for software-defined networks, it’s clear where the momentum is. Customers and resellers alike should be investigating how they can move to using software-based networking to create the secure, ubiquitous networks of the future

Corporate Information Security Steering Committee

Organizations are becoming increasingly aware that if they fail to implement successful security management processes, it could expose them to untenable risk.

The role of the corporate information security steering committee has become an essential tool in the quest for a coordinated corporate security strategy, for reducing duplication in security spending, taking control of complex infrastructures, and, ultimately, reducing security risk. 

One of the first steps for many organizations has been to set up a common security team and embark on enterprise-wide information security programs. However, many of these teams have struggled to align corporate business objectives with strategic security investment.

META Group's research indicates that the majority of new security teams struggle to define and establish their corporate missions, scope, influence, and power bases. Furthermore, these security teams have poorly defined executive charters and operate without effective communications plans. The unfortunate result of such poor grounding is the temptation for newly established teams to immerse themselves in technology quests, searching for elusive enterprise-wide technical solutions.

In contrast, the most effective security organizations are those with clear responsibilities and well-defined processes based upon five primary organizational roles:

• Leadership - this is the role of the chief information security officer who deals with both the day to day management of the security team as well as continuous communication of the importance and value of security measures

• Analysis/design - these security analysts help information owners develop meaningful security policies as well as adequate security solutions

• Security administration - these people look after the day to day administration of access rights, passwords, etc

• Security operations - resources that continuously monitor the organization's security status and manage incident response procedures.

• Awareness communication - resources that design and manage ongoing security awareness and training programs. 
  Executive custody and governance -represented by an information security committee

The role of the corporate security steering committee is to coordinate corporate security initiatives at the executive level and thus enable an organization to optimize spending, manage their infrastructure, and minimize security risk. Obtaining consensus and support for corporate-wide security initiatives is especially difficult in highly decentralized and multinational organizations with devolved authority and autonomy. In this type of organization, an executive governance body becomes essential.

Corporate information security steering committees (CISSC) must have a clear charter with a range of functions that should include:

• Managing the development and executive acceptance of an enterprise security charter.

• Assessing and accepting corporate-wide security policy (e.g., the corporate policy on security incident response, general behavioral approach). This function's primary objective is to ensure that business requirements are reflected in the security policy, thus ensuring that the procedure enables rather than restricts business operations.

• Assessing any requests for policy exceptions from individual business units.

• Assessing, accepting, and sponsoring corporate-wide security investment (e.g., identity infrastructure deployment, remote access infrastructure) and requests to be excluded from common investment.

• Providing a forum for discussion and arbitration of any disputes or disagreements regarding common policy or investment issues.

• Acting as custodian and governance body of the enterprise security program by ensuring visible executive support and monitoring progress and achievements. The role of a permanent governance structure reinforces the message that enterprise security becomes an ongoing, long-term initiative.

• Assessing and approving the outsourcing of common security services and coordinating investment of inappropriate relationship management resources. As the lack of skilled resources increases the need to outsource operational services, executive due diligence, risk assessment, and ongoing effectiveness assessment must be coordinated through the steering committee.

• Initiating ad hoc projects to investigate the advantages, disadvantages, risks, and costs of common security initiatives and advising the committee with appropriate recommendations.

• Representing the executive (board of directors) or its nominated information governance body (e.g., an information executive board) in all corporate security matters. Reporting back to these forums on the activities and effectiveness of corporate security programs and investments.

• Acting as custodian of corporate-wide strategic security processes (e.g., role analysis, data classification) by validating process ownership, responsibilities, and stakeholders.

• Acting as the respondent to enterprise-level audit exceptions (i.e., those audit exceptions where a specific individual cannot be found to be responsible).

• Coordinating and validating any external, security-related corporate communications plans and activities (e.g., in the event of a high-profile, publicized security breach).

• Tracking major line-of-business IT initiatives to identify synergy opportunities or leverage security investment.

• Governing trust relationships with major e-business partners.

It is essential that steering committee members can make decisions at meetings. This requires the active participation of senior executive business managers, or it must be a permanent subcommittee of an organizational information board. To prevent the committee from becoming an ineffective 'debating society' or forum for driving political agendas, the committee's scope, powers, and objectives should be documented and measured.

Typical members of an information security steering committee include all line of business managers, application owners, regional managers, IT managers, the IT director, the chief security officer, the corporate risk manager, and the chief internal auditor. A clear distinction must be made between the role of the CISSC (i.e., executive custody and governance) and the leadership role (i.e., day-to-day management of the security team) of the chief information security officer.

By developing the emerging role of the chief security officer (CSO) and the security team, enterprises can foster a holistic approach to information security - one that recognizes that policy, process, and communication are as important as technology.

Cloud to Streamline Security for Strategic Growth

As the technology director at Inspira Health Network, François Bodhuin and his staff have their work cut out for them, as they strive to support the organization’s strategic growth, stay on top of technology needs and keep patient data secure.

The New Jersey-based organization, in fact, is constantly looking to expand. “We are a medium-sized system, but we are very active in our expansion plans,” Bodhuin said, noting that the system now has more than 150 service locations in five counties. The health network is currently building a new hospital, adding a two- story patient tower to one of its existing hospitals, expanding its behavioral health program, renovating a satellite ER, recently opened a senior emergency department and purchased a regional medical transport company.

In addition, the Inspira technology department has developed an app to better serve all the patients that will flow into this continually growing health system. The app enables patients to request appointments, get directions to facilities, access a list of providers, view emergency department and urgent care wait times, pay bills and even participate in virtual visits.

So, it made perfect sense for Inspira to move its compliance management software to the cloud when FairWarning introduced a cloud-based managed shared services solution that works to ensure all data is secure by continually monitoring user activity and sending out alerts for any suspicious actions. After all, the health system had already moved a variety of systems to the cloud including its electronic health records, security information and event management (SIEM) and wound care solutions, and has experienced myriad benefits by doing so.

“The cloud saves costs; because you are getting a virtual server, the hardware itself costs less,” he said. In addition, when a managed services provider hosts a solution in the cloud, the healthcare organization does not incur on-boarding or ongoing training costs.

By hosting the compliance solution in the cloud under a managed services arrangement, Inspira will be positioned to:

Take advantage of a team of privacy and security experts. “The team concept to me is a key with managed services. We’re always being asked to work more efficiently. In this case, we will be able to really do that because we will have a team of experts that is performing the function,” Bodhuin said. “Because they’re experts, they know when a complaint is significant. They know when an alert is significant. They know when to ask for an investigation.” In addition, because these experts are well versed in the compliance solution, the learning curve that is typically associated with implementing a new solution is eliminated.

Reduce the need to search for IT staff. Hiring experienced, qualified IT staff is a challenge for all healthcare organizations. “In South Jersey, it is especially difficult to attract people to work in security and privacy. [With managed services], we don’t have to search for IT staff and we won’t have any onboarding costs. All that is built-in to our fees,” he said.

Maintain flexibility. With a managed solution in the cloud, it will be easy for Inspira to grow – as the organization does not need to add staff but can instead simply adjust the services agreement to meet evolving needs.

More readily deal with infrastructure challenges. With managed services, Inspira staff do not need to “worry about patching or managing the server,” he said. In addition, staff don’t need to be concerned with “upgrading the hardware, or the software . . . or worry about disaster recovery,” something that traditionally generates significant downtime, according to Bodhuin.

Leverage the experiences of many. Managed services providers work with a variety of organizations making it possible to “bring many best practices to the table,” which is difficult to do when hosting and maintaining systems internally, Bodhuin noted.

Save considerable time. “There's a lot of daily work that, all of a sudden, you don't have to do because it’s being done by the managed service. In privacy and security, we expect to regain about one to two hours a day for each analyst,” he said. “Now, they can focus their time on responding to issues that are reported to them. All that saved time can be allocated to another function.”

Doing managed services right

While Bodhuin expects to realize these benefits when moving the compliance software to the cloud, his past experience with managed services has provided a litany of lessons learned. More specifically, he knows that to successfully work with a managed services provider requires:

• Defining expectations explicitly. “You have to define what you trust them to do. You could let the managed service provider run the whole show if you wanted to, in certain functions,” or limit their scope to a defined set of functions, according to Bodhuin.
• Proactively managing the working relationship. “You really have to keep them on their toes. Make sure they deliver what they say they will deliver,” he advised. “So you really have to pay attention to your statement of work to ensure that you will get what you expect.”
• Treating the managed service provider as one of our own. “It’s really important that you make these people a part of your team. And if you do that, then you’ll get success. If you don’t do that, then there will be a lot instances where there are conflicts in your priorities,” Bodhuin said.

In the final analysis, with the expertise gained via a managed services arrangement, Bodhuin expects Inspira to save time, reduce costs while minimizing the organization’s overall risk profile. As such, Bodhuin can help the health system support its strategic growth goals. “The technology/security must be ‘a department of yes’, not a ‘department of no’. When you start saying no to people, you're going against the business itself and that can be a real problem,” he concluded.

Bypass Two-factor authentication - 2FA Bypass

A majority of users and companies are moving to Two-factor authentication (2FA) for enhancing the security of its data and systems. But contrary to popular belief, it cannot provide a fool-proof layer of security to online accounts since Kevin Mitnick at KnowBe4 has demonstrated that it is very easy to deceive this defensive measure.

KnowBe4 is the world’s leading security awareness training provider and simulated phishing firm with a massive customer base of 17,000 organizations across the world. Mitnick is the company’s chief hacking officer.

In his new exploit, he proved that 2FA is exploitable because hackers can spoof the 2FA requests by sending a fake login page to the user. This may lead to stealing of sensitive user data including username, password and session cookie.

The hacking technique can be seen in the video uploaded here:

The purpose of using 2FA is to add an extra layer of security by combining what an employee already has and what they know. This combination could be between username and password or a code that is sent to the user on the phone or an app.

To exploit the 2FA method of security, the victim is lured into visiting a typo-squatting domain such as LunkedIn.com in order to steal the required user data. Once the information is obtained, the hacker can easily access the actual website and capture session cookie. Once this is achieved, the hacker can remain logged in indefinitely. But this is reliant on accessing the 2FA authentication code once.

As per the CEO of KnowBe4Stu Sjouwerman, Kuba Gretzy, a white hat hacker, and friend of Mitnick, developed a tool for bypassing the 2FA authentication via social engineering techniques and this tool can be “weaponized” for just about any website.

“Two-factor authentication is intended to be an extra layer of security, but in this instance, we clearly see that you can’t rely on it alone to protect your organization,” added Sjouwerman.

The tool is called evilginx. The attack method is based upon proxying the user via the hacker’s system through a credentials phishing technique, which requires the use of a typo-squatting domain. The idea is to let the user give away his/her credentials so that the hacker could steal session cookie.

The phishing email is the core of the attack method. In this particular case, the phishing email is supposedly sent by LinkedIn to a member of the site indicating that somebody is trying to contact through the social network. The email looks authentic initially but if looked closely, it becomes evident that it is a fake email since the return address is incorrect. But, if the user falls for it and clicks on the “interested” button, the malware will soon be downloaded onto the device.

This is the stage when the victim is taken to the authentic LinkedIn website so as to enter login information, which the hacker required. The login information is recorded by the malware as well as the session cookie using the cookie, the attacker acquires direct access to the account and manages to avoid the 2FA phase of the signing-in process.

Watch The Demonstration Here

GDPR Questions Answered: Do We Need Consent to Hold Information in a Database?

Now just a few weeks remain before the deadline for the General Data Protection Regulation (GDPR), so data protection advisor Jon Baines is here to answer your questions.

Today, Jon was asked:
 
Q: “If our database holds names, email addresses, telephone numbers addresses and job roles of people involved in the classical music industry, of which most of the information is available on their websites, do we have to have specific consent to hold this information, which we use to contact them in terms of business and to occasionally send out a newsletter (twice a year) from which they can unsubscribe? There are a few thousand names involved so it would be good to know whether we need to contact them or not!”
 

A: “I wish my answer could be a simple one, but, regrettably, the law here is rather complex. However, I will try to explain.

“Unfortunately, what we don’t have here are details on how the business gathered this personal data, and whether the marketing they wish to send is by email (I’ve assumed it is). The author says the information gathered appears publicly on websites, so it might be inferred that the business has ‘scraped’ the details from those sites. If that’s the case, then there may be some problems. 
 
“As a general rule people should be aware (or be made aware) that their personal data is being gathered and collated, even if it’s publicly accessible. Furthermore, sending marketing in electronic form to individual recipients (which I think most of the musicians here would be) requires explicit consent from the recipient (or, in some circumstances, and subject to various qualifications, a prior customer relationship). Sending email marketing, therefore, without consent, would almost certainly be a breach of the law.
 
“If, contrary to what I’ve inferred, the business got the musicians’ details direct from the musicians themselves, then the question as to whether they can send them email marketing is a bit different. If the business has their prior explicit consent to receive marketing emails, then they can continue to do so. Or if they got the musicians’ details during the sale (or negotiations for sale) of a product or service, they can send them marketing emails, provided that at all stages they have offered, and continue to offer, the option to opt out of receiving them.

“The irony here is that the law in question is not the GDPR but the Privacy and Electronic Communications (EC Directive) Regulations 2003, which often get overlooked. Over recent years the Information Commissioner has issued plenty of fines for breaches of this 2003 law.

“Generally, the firms getting those fines have sent very high volumes of unlawful electronic marketing, and the Commissioner has not tended to target SMEs. Nonetheless, even if the risk to a small business of big fines may be relatively low, they do need to be aware of the other risks, particularly of legal claims by individuals, and reputational harm.”

Ransomware campaign up around the world

A new email ransomware campaign is spreading around the world. Researchers at Fortinet say it’s a spam effort, meaning the messages are not targeted. Instead they are addressed generally, like “Dear customer.” The subject line in the email would be something like “Document number…”, “Your order number” or “Ticket number.” With the email is a malicious attachment that leads to the installation of malware. The initial targets are corporate mail servers used to forward this email. These have been found in Canada, the U.S. the United Kingdom and other countries. 

The best defense against ransomware – or any email-delivered malware – is to watch out for it. Be cautious about unsolicited emails, especially those with attachments. And it’s vital you always have a separate backup of your data made it a way that can’t be infected, just in case you make a mistake.

Meanwhile McAfee reports some Canadian organizations have been victimized by a separate operation. A group security that researchers call Hidden Cobra, believed to be backed by North Korea, has been putting surveillance software on the systems of companies. The suspicion is the Canadian victims have been used as listening or data relay points. The malware that this campaign has installed has not stolen financial or sensitive data but appears to be there find out what’s on a computer, and be ready to launch further attacks.

Companies have to make sure their systems have the latest security patches. In addition, because the malware appears to be distributed through email, employees have to be reminded to be careful on what they click on.

For more on this see my story today on ITWorldCanada.com.

The U.S. National Security Agency has just suffered a black eye from an international standards body. According to a blog on Bitdefender, the International Organization of Standardization – known more commonly as ISO – rejected two new encryption algorithms suggested by the NSA to secure Internet of Things devices. The algorithms would scramble information on Internet-connected devices like home surveillance cameras and toys. But the NSA’s reputation for creating tools to hack into applications apparently give it a bad name at the ISO. One ISO delegate accused the NSA of telling half-truths and lies in its presentation.

If that allegation is accurate, it isn’t good. Internet of Things devices badly need better security. People and companies around the world buy tens of thousands of them a year. Insecure devices don’t improve security.

That’s it for Cyber Security Today. Subscribe on Apple Podcasts, Google Play, or add us to your Alexa Flash Briefing. Thanks for listening.

CISO Roles Expanding - Global Risk Management

Traditionally, the mission of the CISO has been to convince the CEO of the capabilities the organisation must put in place to prevent and follow-up on threats and manage crises. At the helm of IT security, CISOs are in their element overseeing the security operations centre (SOC), incident response teams and forensics experts to address threats. But now, many are being forced outside of their comfort zone. With global attacks dominating television news and headlines in Europe, US and the UK, cybersecurity is top of mind for CEOs and their Boards. And this means that the role of the CISO is expanding.

The Evolving Role of the CISO: Handling a Crisis When You Aren’t Under Attack

According to Aon’s 2017 Global Risk Management Survey, cybercrime is now number five among the top 10 concerns for risk decision-makers globally, above failure to innovate, failure to attract and retain top talent, business interruption, political risk/uncertainties and third-party liability. Each time a high-profile attack happens, the CISO gets a phone call from the CEO asking questions like: Are we at risk? Should we be doing something? It is no longer enough to let the CEO know that the organization has not yet been attacked. CISOs need to expand their leadership role and actively engage in risk management.

I have had the opportunity to speak with many CISOs who validate that their jobs are changing.

“Before, we had to fight to explain to the CEO that it would be interesting to know what was coming in and out of our systems,” said Benoit Moreau, CISO of the French ministry of national education and research. “Now, we are expected to have a fine perception of each element of our ‘information ecosystem’ and the interactions that drive it to succeed to predict, almost in real time, the consequences of any stimulus. Our systems have undergone a dazzling Darwinian evolution, driven by new technologies and uses. They went from monocellular organisms that were individually secured to complex protean organisms close to life.”

Today, when the external threat landscape changes and the CEO inevitably calls, CISOs need to respond differently. They need to have situational understanding, be prepared to make decisions on the spot and communicate how they will ensure risk remains at an acceptable level. Moreau explains, “The CISO must equip himself to have ‘awareness’ of the security infrastructure as a whole – to feel the problems, to detect the symptoms. He must understand weaknesses, threats and health risks. He must strengthen his defenses, have the means to carry out further analysis in case of doubt, to inoculate or provide other treatments, and even to amputate in the event of the spread of deadly agents. It is no longer a question for the CISO to deploy some white blood cells, but to be the healthy mind in a healthy body, a robust organism with an effective immune system.”

As a CISO, what does it take to embrace this important change in your role? To begin with, you need instant access to as much information as possible about an attack or campaign. This includes an adversary’s targets and motivations; their tools, techniques, and procedures (TTPs) including tactics and vulnerabilities that may put the organization at risk; as well as the countermeasures available.

Most organizations already have much of this information, but it is spread across many different departments, in multiple external threat data feeds, in your layers of security products, in your SIEM that store logs and events and in analysts’ brains. What you need is a single source of truth – a centralized repository for all this data that you can continuously augment and enrich so that it is contextualized, relevant and prioritized. With a hub for storing, updating and accessing threat intelligence, your teams can learn and share knowledge to assess whether a threat poses short-term danger and determine the appropriate actions. But barriers remain.

Traditionally, siloed teams work independently and in a vacuum without the ability to collaborate throughout the analysis process and execute a coordinated response as needed. Working on parallel tasks, they can miss key commonalities. All teams must be able to work together in a single shared environment for a greater understanding and focus throughout the situation analysis and response process. Using visualization and documentation they can quickly see threat data, evidence, and actions across all the various departments and individual involved in the investigation.

With visibility into this collaborative environment and the situation analysis as it unfolds, CISOs can coordinate between teams and actions taken. A global picture provides the information you need to reply with greater confidence to your CEO’s questions. You can gauge if you’re adequately prepared to withstand an attack and let your CEO know. Or, if not, you can direct the appropriate action faster and assure your CEO you’re taking the right actions to mitigate risk.

Reacting to massive, global threats is a new phenomenon and a new responsibility added to CISOs’ day-to-day tasks. The moment you become aware of a potential new attack, you must be able to assess risk, anticipate potential impact and start crisis management. When a threat is detected, you must be able to respond quickly and comprehensively while maintaining business continuity. It’s no longer enough to protect the organization from an attack – you must be able to handle a crisis even if you aren’t under attack.

(NIST) Framework Cyber Security Updated

Four years after the initial iteration was released, the National Institute of Standards and Technology (NIST) released version 1.1 of the Framework for Improving Critical Infrastructure Cybersecurity.

The framework was developed to be a voluntary, risk-based framework to improve cybersecurity for critical infrastructure in the United States. A President Obama-issued executive order calls for developing a set of standards, guidelines, and practices to help organizations charged with providing the nation’s financial, energy, health care, and other critical systems better protect their information and physical assets from cyberattacks. 

Like the first version, Version 1.1 of the framework was created through public-private collaboration via recommendations, drafts, and comment periods. Version 1.1 includes updates on authentication and identity, self-assessing cybersecurity risk, managing cybersecurity within the supply chain, and vulnerability disclosure, among other changes.

The update has renamed the Access Control Category to Identity Management and Access Control to better account for authentication, authorization, and identity-proofing.

It also has added a new section: Section 4.0 Self-Assessing Cybersecurity Risk with the Framework explains how the framework can be used by organizations to understand and assess their cybersecurity risk, including the use of measurements.

On the supply-chain front, an expanded Section 3.3 helps users better understand risk management in this arena. In contrast, a new section (3.4) focuses on buying decisions and the use of the framework in understanding risk associated with commercial off-the-shelf products and services. Additional risk-management criteria were added to the Implementation Tiers for the framework, and a supply-chain risk-management category has been added to the Framework Core.

Other updates include a better explanation of the relationship between Implementation Tiers and Profiles; added clarity around the term “compliance,” given the variety of ways an organization can use the framework; and the addition of a subcategory related to the vulnerability disclosure lifecycle.

“This update refines, clarifies, and enhances Version 1.0,” said Matt Barrett, program manager for the Cybersecurity Framework. “It is still flexible to meet an organization’s business or mission needs. It applies to various technology environments such as information technology, industrial control systems, and the Internet of Things (IoT).”

Its goal is to be flexible enough to be adopted voluntarily by large and small companies and organizations across all industry sectors and federal, state, and local governments.

              Nist 1.1

The release of the Cybersecurity Framework Version 1.1 is a significant advance that truly reflects the success of the public-private model for addressing cybersecurity challenges

“The release of the Cybersecurity Framework Version 1.1 is a significant advance that truly reflects the success of the public-private model for addressing cybersecurity challenges,” said Walter Copan, NIST director. “From the very beginning, the Cybersecurity Framework has been a collaborative effort involving government, industry, and academia stakeholders.”

So far, adoption of the framework has been relatively widespread: PwC’s 2018 Global State of Information Security Survey (GSISS), for instance, found that respondents from healthcare payer and provider organizations, as well as oil and gas companies, said the NIST Cybersecurity Framework is the most commonly adopted set information security standards in their respective industries. The report also found that financial institution clients widely embraced benchmarking their cyber risk management programs against the NIST Cybersecurity Framework.

“Cybersecurity is critical for national and economic security,” said Secretary of Commerce Wilbur Ross. “The voluntary NIST Cybersecurity Framework should be every company’s first line of defense. Adopting version 1.1 is a must-do for all CEOs.”

Efforts to expand its influence are continuing: In May 2017, President Trump issued the Executive Order on Strengthening the Cybersecurity of Federal Networks and Critical Infrastructure, which directs all federal agencies to use the Cybersecurity Framework. Also, NIST noted that corporation,s, organizations, and countries around the world, including Italy, Israel, and Uruguay, have adopted the framework or their adaptation.

Meanwhile, to help ease the adoption process, the Information Security Forum (ISF) has mapped the framework and its annual Standard of Good Practice for IT security professionals. Last year, IT governance organization ISACA launched an audit program aligning the NIST framework with COBIT 5, designed to provide management with an assessment of the effectiveness of an organization’s plans to detect and identify cyber-threats and protect against them.

“We’re looking forward to reaching more industries, supporting federal agencies, and especially helping more small businesses across the U.S. benefit from the framework,” said Barrett.

Later this year, NIST plans to release an updated companion document, the Roadmap for Improving Critical Infrastructure Cybersecurity, which describes crucial development, alignment, and collaboration areas.

“Engagement and collaboration will continue to be essential to the framework’s success,” said Barrett. “The Cybersecurity Framework will need to evolve as threats, technologies, and industries evolve. With this update, we’ve demonstrated a good process for bringing stakeholders together to ensure the framework remains a great tool for managing cybersecurity risk.”

Small Business Benefits from Cybersecurity Consulting Services

Cybersecurity news stories are becoming more and more prevalent, especially over the last few years. Whether the stories are about stolen emails or huge data breaches, it has been virtually impossible to ignore them.

While the major stories about compromised corporations and hacked email accounts make the news, cybersecurity is something that concerns everyone who uses a computer. Even small business owners can become victims of cybercrime. In fact, small business owners, in particular, need to be concerned with cybersecurity so they can protect their intellectual property. No matter whether the intellectual property is research or recipes, it is one of the greatest assets a small business has. Intellectual property is a prime target for hackers, whether they are stealing information for a competitor or running a ransomware scheme where a hacker demands something in return for the stolen information.

The trouble is that protecting that intellectual property and keeping other sensitive information, such as client and customer data, isn’t cheap. Many small business owners may not have the available capital to afford a cybersecurity system. Although this puts an owner in a tough spot, you can’t put a price on peace of mind, and neither can a small business owner afford the losses associated with becoming the victim of a cybercrime.

As with most things for small-business owners, cybersecurity comes down to a cost analysis. A cybersecurity system can be a big expense. On the other hand, a small business owner has to consider the cost of not having their systems protected from hackers. It’s hard enough for a large corporation to recover from a cyber attack, even with all the resources and infrastructure they have. According to the U.S. National Cyber Security Alliance, 60 percent of small businesses fold within six months of a cyber attack.

Ultimately, each business owner has to decide if and when a formal data security protection plan is necessary. A consultation with an expert may help you better weigh the pros and cons of taking on this type of business expense. Start with this list of Cybersecurity Consulting Providers as a jumping off point for your research. After comparing the benefits of these companies’ plans, set up a few consultations to see if and how these providers can best help protect your business, and what it costs to do so. You may find that it’s worth the investment.

Are you ready for GDPR compliance?

GDPR Is Coming. Are You Ready

What is the GDPR requirements:

                     EU Compliance - General Data Protection Regulation (GDPR

For more details on GDPR see GDPR a risk to your organization

Cyber Security Developments

Cyber Security Is The Backbone Any Online Businesses – Here Are Some Quick Tips To Keep Yourself Informed About The Latest Threats Surrounding Your Business.

                                    Cyber Security Developments

Within a standard nine to five working day, it’s said that there are almost two million data records lost or stolen. Cybercrime has become something of an epidemic in recent years – and it’s no exaggeration to say that everyone is at risk.

Hackers operate in an increasingly complex way and are happy to target small businesses and individuals, who are most likely to be vulnerable to attack. The nature of the threat changes as technology advances and so the only way to stay safe is to stay up to date.

But that’s easier said than done, right? How do you keep up to date with the latest cybersecurity developments?

Follow The News

When it comes to cyber security, ignorance is not bliss – it’s a recipe for disaster. It’s imperative that you identify and follow a news feed that you can trust. By doing so, you can keep on top of any fresh threats that have emerged, learn lessons from other cyber attacks and pick up the latest tips and advice from influencers and experts in this field.

News from this sector really shouldn’t be seen as the preserve of IT specialists – the scale and nature of the threat suggest that this should be of interest to everyone. There’s a burgeoning band of podcasts available on the subject for people who prefer to digest content in this way too.

Bring Up The ‘Security Question’

If you think that installing an anti-virus program is enough, then you’re mistaken. Don’t just presume that you’re safe because you have this because this is merely the first line of defense to root out attacks. By adopting a safety first mindset you can ensure that the way you handle your data is less risky.

Whether it’s securing your Wi-Fi network at home, managing and updating your passwords on a regular basis or the way you collect, collate and analyze data throughthe point of sale software at work, continually ask yourself ‘is this safe?’ Just as ignorance isn’t bliss, complacency could prove your undoing. Place ‘security’ high on the list of credentials to consider when buying new software or hardware, don’t just go for the cheapest option.

Training

Even the experts are constantly having to refresh their understanding of the threat posed by cyber attacks. It pays to search out training opportunities, especially if you’re a business. You are, after all, only as safe as the people operating your software and systems and you don’t want to put the security of your business in the hands of someone who is unsure about what they are doing. Individuals and businesses alike can find free learning materials on Cybrary to help plug any knowledge gaps they have.

It’s Good To Talk

Cyber attacks are incredibly common – but people don’t often enough talk about their experiences. Perhaps you’re afraid or embarrassed to have been caught out? There’s no need to be. In fact, talking with friends and colleagues could really help you to stay safe. Pass on tips about new apps, good software, neat tips and tricks and any new cyber attack tactics you have come across and you can help to do your own bit to combat the criminals.

By keeping up to speed with security news, refreshing your training, sharing tips and tricks and adopting a safety first attitude you’ll give yourself the best possible chance of staying on top of cyber security developments and, best of all, safe.

Cisco Switches vulnerable to remote hacking

Security researchers at Embedi have disclosed a critical vulnerability in Cisco IOS Software and Cisco IOS XE Software that could allow an unauthenticated, remote attacker to execute arbitrary code, take full control over the vulnerable network equipment and intercept traffic.

The stack-based buffer overflow vulnerability (CVE-2018-0171) resides due to improper validation of packet data in Smart Install Client, a plug-and-play configuration and image-management feature that helps administrators to deploy (client) network switches easily.

Embedi has published technical details and Proof-of-Concept (PoC) code after Cisco today released patch updates to address this remote code execution vulnerability, which has been given a base Common Vulnerability Scoring System (CVSS) score of 9.8 (critical).

Researchers found a total of 8.5 million devices with the vulnerable port open on the Internet, leaving approximately 250,000 unpatched devices open to hackers.

To exploit this vulnerability, an attacker needs to send a crafted Smart Install message to an affected device on TCP port 4786, which is opened by default.

"To be more precise, the buffer overflow takes place in the function smi_ibc_handle_ibd_init_discovery_msg" and "because the size of the data copied to a fixed-size buffer is not checked, the size and data are taken directly from the network packet and are controlled by an attacker," Cisco explain in its advisory.

The vulnerability can also result in a denial-of-service condition (watchdog crash) by triggering indefinite loop on the affected devices.

Researchers demonstrated the vulnerability at a conference in Hong Kong after reporting it to Cisco in May 2017.
 

Affected Hardware and Software:

The vulnerability was tested on Catalyst 4500 Supervisor Engines, Cisco Catalyst 3850 Series Switches, and Cisco Catalyst 2960 Series Switches devices, as well as all devices that fall into the Smart Install Client type are potentially vulnerable, including:
 

• Catalyst 4500 Supervisor Engines
• Catalyst 3850 Series
• Catalyst 3750 Series
• Catalyst 3650 Series
• Catalyst 3560 Series
• Catalyst 2960 Series
• Catalyst 2975 Series
• IE 2000
• IE 3000
• IE 3010
• IE 4000
• IE 4010
• IE 5000
• SM-ES2 SKUs
• SM-ES3 SKUs
• NME-16ES-1G-P
• SM-X-ES3 SKUs

Cisco fixed the vulnerability in all of its affected products on 28th March 2018, and Embedi published a blog post detailing the vulnerability on 29th March. So, administrators are highly recommended to install free software updates to address the issue as soon as possible.

Security Specialist

CyberSecOp cyber security consulting services was founded by two information security professionals, and a Managed Services IT firm, For more information call us: 866-973-2677 or visit us: https://www.cybersecop.com

Security Consulting

Many people who sell security products call themselves security consultants and they are part of the security field, but there are also security consultants who don't sell products. These individuals are paid on an hourly or project basis to help clients, usually, corporations, protect their personnel and property. Property security embraces both real estate and tangible equipment as well as other assets like client lists and proprietary technology. Employee and customer theft, as well as piracy, are possible focuses for a security consulting practice. Technical security consultants are knowledgeable about products, such as electronic security systems, including their development and how to apply them. The work may involve system design as well as drafting plans and documents.

Computer Security

While virtually all security consultants employ computer technology in their work, the computer security niche specifically involves protecting computer systems and networks themselves against unauthorized use and abuse. A computer security consultant often specializes in particular operating systems such as UNIX, LINUX or Windows.

Site Consulting

Whether it's new construction or remodeling, virtually every building and office-be it a high-tech industrial complex, retail franchise, distribution center, self-storage facility, housing development, hotel, resort, casino, parking lot or law firm-is interested in some aspect of site security. Security site consultants evaluate the physical design of such buildings and spaces, determine what security problems a sites poses and recommend countermeasures, such as guards, electronic security with cameras and electric lights, or a combination of methods and policies.

System Design

Security system designers develop specifications and provide architectural or engineering support in the design phase of a security consulting project. System designers may also develop new electronic security tools to be used at a particular location.

Forensic Consulting

Forensic security consultants serve as expert witnesses in trials in which security breaches are at issue, such as with fires, thefts, break-ins, and so on. Forensic consultants may specialize in any of the above fields.

As a security practitioner, you can also develop niches for your work based on the type of clients you work with, such as museums or historical sites, shipyards and airports. Unlike professional investigators, security consultants don't have to be licensed by state agencies. However, there are professional associations you can join and certification programs you can complete, which may help foster a sense of trust with your clients. One of the larger associations, which provides certification.

Specializing is key to marketing a security specialty business because it will help you more easily identify and market to clients who need such services, such as architects and contractors or members of a particular industry, such as software developers or law firms. You'll be soliciting work and attracting clients by making presentations and speeches or networking in organizations where you can showcase your expertise. In addition to your knowledge of security, you must be prepared to develop your speaking skills in order to attract new business.

What Is Network Security?

What Is Network Security? - CyberSecOp

Network security is an organization’s strategy and provisions for ensuring the security of its assets and all network traffic. Network security is manifested in an implementation of security hardware and software. For the purposes of this discussion, the following approach is adopted in an effort to view network security in its entirety.

What Is Network Security?

Policy
The IT Security Policy is the principle document for network security. Its goal is to outline rules for ensuring the security of organizational assets. Employees today often utilize several tools and applications to conduct business productively. Policy-driven from the organization’s culture supports these routines and focuses on safely enabling these tools for employees. Enforcement and auditing procedures for any regulatory compliance to which an organization is subject must be mapped out in the policies, and controls as well.

Types of network security

Access control

Not every user should have access to your network. To keep out potential attackers, you need to recognize each user and each device. Then you can enforce your security policies. You can block noncompliant endpoint devices or give them only limited access. This process is network access control (NAC).

Antivirus and antimalware software

"Malware," short for "malicious software," includes viruses, worms, Trojans, ransomware, and spyware. Sometimes malware will infect a network but lie dormant for days or even weeks. The best antimalware programs not only scan for malware upon entry, but also continuously track files afterward to find anomalies, remove malware, and fix damage.

Application security

Any software you use to run your business needs to be protected, whether your IT staff builds it or whether you buy it. Unfortunately, any application may contain holes, or vulnerabilities, that attackers can use to infiltrate your network. Application security encompasses the hardware, software, and processes you use to close those holes.

Behavioral analytics

To detect abnormal network behavior, you must know what normal behavior looks like. Behavioral analytics tools automatically discern activities that deviate from the norm. Your security team can then better identify indicators of compromise that pose a potential problem and quickly remediate threats.

Data loss prevention

Organizations must make sure that their staff does not send sensitive information outside the network. Data loss prevention, or DLP, technologies can stop people from uploading, forwarding, or even printing critical information in an unsafe manner.

Email security

Email gateways are the number one threat vector for a security breach. Attackers use personal information and social engineering tactics to build sophisticated phishing campaigns to deceive recipients and send them to sites serving up malware. An email security application blocks incoming attacks and controls outbound messages to prevent the loss of sensitive data.

Firewalls

Firewalls put up a barrier between your trusted internal network and untrusted outside networks, such as the Internet. They use a set of defined rules to allow or block traffic. A firewall can be hardware, software, or both. Cisco offers unified threat management(UTM) devices and threat-focused next-generation firewalls.

Intrusion prevention systems

An intrusion prevention system (IPS) scans network traffic to actively block attacks. Next-Generation IPS (NGIPS) appliances do this by correlating huge amounts of global threat intelligence to not only block malicious activity but also track the progression of suspect files and malware across the network to prevent the spread of outbreaks and reinfection.

Mobile device security

Cybercriminals are increasingly targeting mobile devices and apps. Within the next 3 years, 90 percent of IT organizations may support corporate applications on personal mobile devices. Of course, you need to control which devices can access your network. You will also need to configure their connections to keep network traffic private.

Network Segmentation

Software-defined segmentation puts network traffic into different classifications and makes enforcing security policies easier. Ideally, the classifications are based on endpoint identity, not mere IP addresses. You can assign access rights based on role, location, and more so that the right level of access is given to the right people and suspicious devices are contained and remediated.

Security information and event management

SIEM products pull together the information that your security staff needs to identify and respond to threats. These products come in various forms, including physical and virtual appliances and server software.

VPN

A virtual private network encrypts the connection from an endpoint to a network, often over the Internet. Typically, a remote-access VPN uses IPsec or Secure Sockets Layer to authenticate the communication between device and network.

Web security

A web security solution will control your staff’s web use, block web-based threats, and deny access to malicious websites. It will protect your web gateway on site or in the cloud. "Web security" also refers to the steps you take to protect your own website.

Wireless security

Wireless networks are not as secure as wired ones. Without stringent security measures, installing a wireless LAN can be like putting Ethernet ports everywhere, including the parking lot. To prevent an exploit from taking hold, you need products specifically designed to protect a wireless network.

Cyber Security, New York Fights Back to Prevent Financial System Take Down

New York is quietly working to prevent a major cyber attack that could bring down the financial system.

As hackers become more sophisticated and cyber attacks more routine, New York is on notice.

• With a lack of leadership from the federal government, New York is one of the first states to implement new cyber regulations.

• The state is quietly working to prevent a major cyber attack that could bring down Wall Street's financial system.

• But even with the strictest cybersecurity regulations in the country, experts warn New York's efforts may still not be enough.

NEW YORK — Five months before the 9/11 attacks, US Secretary of Defense Donald Rumsfeld sent a memo to one of his advisers with an ominous message.

"Cyberwar," read the subject line.

"Please take a look at this article," Rumsfeld wrote, "and tell me what you think I ought to do about it. Thanks."

Attached was a 38-page paper, published seven months prior, analyzing the consequences of society's increasing dependence on the internet.

It was April 30, 2001. Optimistic investors and frenzied tech entrepreneurs were still on a high from the dot-com boom. The World Wide Web was spreading fast.

Once America's enemies got around to fully embracing the internet, the report predicted, it would be weaponized and turned against the homeland.

The internet would be to modern warfare what the airplane was to strategic bombers during World War I.

The paper's three authors — two PhD graduates and the founder of a cyber defense research center — imagined the damage a hostile foreign power could inflict on the US. They warned of enemies infecting computers with malicious code, and launching mass denial of service attacks that could bring down networks critical to the functioning of the American economy.

"[We] are concerned that US leadership, and other decision makers about Internet use, do not fully appreciate the potential consequences of the current situation," the report said. "We have built a network which has no concept whatsoever of national boundaries; in a war, every Internet site is directly on the front line. If we do not change course soon, we will pay a very high price for our lack of foresight."

The US government had a problem on its hands and it seemed a long ways from figuring out how to handle it.

More than 17 years later, that problem seems to have only gotten worse.

Follow the money

Willie Sutton, the notorious Brooklynite who spent his life in and out of prison, once told a reporter he robbed banks because that's where the money is. Computer hackers aren't so different.

In 2016, hackers attacked companies in the financial services sector more than companies in any other industry, according to IBM. Over 200 million financial records were breached that year, a 937% increase from 2015. And that's not including the incidents that were never made public.

As hackers become more sophisticated and cyber attacks more routine, New York is on notice. Home to the most valuable stock exchange on Earth, New York City is the financial capital of the world. When the market moves here, it moves everywhere.

So it was no surprise when in September 2016, Gov. Andrew Cuomo announced that the New York State Department of Financial Services (NYDFS) was gearing up to implement sweeping, first-of-their-kind cybersecurity regulations to protect the state's financial services industry — an unprecedented move no other state or federal agency had taken anywhere in the US.

Cybersecurity in New York's financial industry was previously governed by voluntary frameworks and suggested best practices. But the NYDFS introduced, for the first time, regulations that would be mandatory, including charging firms fines if they didn't comply.

Maria Vullo, the state's top financial regulator, told Business Insider that her No. 1 job is to protect New Yorkers.

"They're buying insurance. They're banking. They're engaging in financial transactions. And in each of those activities, they're providing their social security information, banking information, etc.," she said. "The companies that are obtaining that personal information from New Yorkers must protect it as much as possible because a breach of that information is of great consequence to the average New Yorker."

On March 1, the regulations turn a year old, although some of the rules are not yet in effect and will phase in overtime.

The NYDFS oversees close to 10,000 state-chartered banks, credit unions, insurance companies, mortgage loan servicers, and other financial institutions, in addition to 300,000 insurance licensees.

The combined assets of those organizations exceed $6 trillion, according to the NYDFS — and they're all in constant danger of being hacked.

Banks are vulnerable

In the summer of 2014, an American, two Israelis, and two co-conspirators breached a network server of JPMorgan Chase, the largest US bank.

They got hold of roughly 83 million customers' personal information, including names, addresses, phone numbers, and email addresses.

The hackers didn't steal any money from personal bank accounts, but that wasn't the point.

They wanted access to a massive trove of emails that they could use for a larger, separate money scam. In just three years, that operation netted the hackers more than $100 million.

The JPMorgan hack wasn't the end game. It was a piece of the puzzle.

The attack began with the simple theft of a JPMorgan employee's login credentials, which were located on a server that required just one password.

Most servers with sensitive information like a person's banking data require what's called multi-factor, or two-factor authentication.

But JPMorgan's security team had lapsed and failed to upgrade the server to include the dual password scheme, The New York Times reported at the time.

The attack, the breach, and the reputational damage that followed could have been avoided with tighter security. Instead, the hack went down as one of the largest thefts of customer data in US history.

"Banks are especially vulnerable," Matthew Waxman, a professor at Columbia Law School and co-chair of the Cybersecurity Center at the Columbia Data Science Institute, told Business Insider. "Disruption to the information systems on which banks rely could have shockwaves throughout the financial system, undermining public confidence in banking or knocking off line the ability to engage in commercial transactions."

That's the kind of catastrophic damage that worried the authors cited in Defense Secretary Rumsfeld's 2001 memo.

They weren't only concerned about stolen email addresses and social security numbers. They were worried about the fallout from such activity.

Banking works because consumers trust the system. But what if people lose trust?

Waiting until a catastrophe

News of impending cybersecurity regulations in New York in the fall of 2016 was both welcomed and shunned.

Some companies saw it as a chance to improve their own security standards while others complained of government overreach. Some were relieved to find they wouldn't have to make any adjustments to the way they operated. Others were overwhelmed by the heavy lifting they would have to do to comply.

How a company views the regulations depends in large part on its size. Bigger institutions with more cybersecurity professionals and more resources at their disposal tend to already have in place much of what the regulations require. Many smaller companies, which tend to be under-staffed and under-resourced, have a lot more work to do to catch up.

Jenny Cheng/Business Insider

The only additional thing Berkshire Bank has to do is sign off on its annual compliance form, which it sends to NYDFS to prove that it's doing everything it's supposed to be doing.

"We actually have to do nothing [new] from a compliance standpoint," the company's chief risk officer Gregory Lindenmuth told Business Insider.

While several cybersecurity consultants told Business Insider they acknowledge the NYDFS rules as a positive step in the right direction, they also point to a new law in Europe as a leading example of the role government has to play in protecting individuals' privacy rights and ensuring that companies secure consumers' personal information.

In 2016, the European parliament passed a law called the General Data Protection Regulation (GDPR) — landmark legislation that imposes millions of euros in fines on companies that do not adequately protect their customers' data.

Whereas the NYDFS regulations cover just one industry in one US state, the GDPR affects companies in all industries across all 28 member states of the European Union. Companies that do not report a data breach or fail to comply with the law more generally could be fined up to €20 million or 4% of its global revenue.

Matthew Waxman, the Columbia professor, says it's not surprising that the implementation of such a law remains far-fetched in the US.

"It's sometimes very difficult to get the government to take action against certain threats until a catastrophe takes place," Waxman said. "But that could change very suddenly if the banking system were knocked offline or another very major disruption to everyday life affected the lives and security of citizens on a massive scale."

But are the deterrents strong enough?

Data protection advocates calling for stricter cybersecurity regulations in the US are generally happy about the NYDFS rules.

For the first time, a state government is taking seriously the protection of consumer data, they say. It's giving companies in the financial sector an ultimatum: protect New Yorkers or face punishment.

"My big criticism of the regulations is there's no clear consequence for non-compliance," Thomas Boyden, the president of GRA Quantum and a cybersecurity expert who helps companies defend against cyber attacks, told Business Insider. "If companies don't feel like there's going to be any consequence for any action on their part, companies aren't going to take [the regulations] seriously."

In fact, for many companies, Boyden thinks "that's the default position."

Vullo, the head of the NYDFS, said she has the ability to fine companies that are not complying and is willing to exercise that authority, although how much that cost may be would depend case-by-case.

"I don't want this to be a punitive atmosphere, but obviously if institutions are not taking this seriously, then there will be consequences," she said. "But it's not the objective."

If anything, the objective is to make it clear that cyber threats are real and that New Yorkers and the companies that maintain their personal information are facing higher risks of attack.

Cybersecurity affects everyone, and Vullo said she hopes the regulations will help companies prioritize it.

"Everyone is part of our cybersecurity team," Theresa Pratt, the chief information security officer at Market Street Trust, a private trust company in New York, told Business Insider. "It doesn't matter what myself or my colleagues do from a technical perspective. If I have one user who clicks a bad link or answers a phisher's question over the phone, it's all for naught."

New York leading the way

The new rules have far-reaching implications beyond New York. A business in the state that has a parent company based in Germany, for example, still has to comply with the regulations.

This leaves some organizations in the precarious position of having to either restructure company-wide cybersecurity practices or build an entirely new and unique security apparatus that is specific to its New York offices.

"I do think that because of the scope of some of these regulations, they're kind of blurring the lines between countries and continents. I think we're going to see more and more of this," GreyCastle Security CEO Reg Harnish told Business Insider. The New York-based consulting firm is helping companies comply with the new regulations.

In the absence of leadership from the federal government on certain issues related to cybersecurity and data protection, states like New York are beginning to fill the void. Several cybersecurity experts told Business Insider that the NYDFS regulations could become a model for other industries or even policies at the national level.

Last year, at least 42 states introduced more than 240 bills or resolutions related to various cybersecurity issues, according to the National Conference of State Legislatures. And since the NYDFS rules took effect, financial regulators in Colorado and Vermont have followed New York's lead with cybersecurity regulations of their own.

Indeed, cyber experts have come a long way in better understanding the threats we face since Rumsfeld's dire cyberwar memo in 2001. But 17 years on, the former secretary of defense's concerns still seem as relevant as ever.

Perhaps the memo was a prescient warning — a warning that fell on deaf ears, but is not too late to address.

 

GDPR European Union General Data Protection Regulation

The European Union General Data Protection Regulation will go into effect on May 25, and healthcare organizations who treat patients from any of the 28 EU nations will need to familiarize themselves with the law to ensure compliance.

GDPR requires companies to gain affirmative consent for any data collected from people who reside in the EU. And organizations that violate the law could face fines up to four percent of their global annual revenue or 20 million euros -- whichever fine is higher.

While U.S. organizations must remain HIPAA-compliant, GDPR rules could be a game-changer for those who care for EU patients. Providers will need to consider data flows, cross-border data transfer, privacy and security monitoring, to ensure their policies are compliant with the law.

Tougher than HIPAA

GDPR is much more stringent than HIPAA, as it broadens the definition of personal data and covers any information associated with an “identified or identifiable natural person,” including computer IP addresses, photos, credit card data and the like.

The law also mandates organizations process data requests from EU patients much more quickly than with U.S. standards. And providers will also need clear permission to even use EU resident information.

Because of HIPAA, GDPR is nothing new for U.S. healthcare organizations, explained Kristen Johns, partner at Waller, a national healthcare law firm.

“But it will be a real shock for people who aren’t aware of the kind of data they hold and what they share with other vendors,” said Johns. “But for healthcare, it shouldn’t be a shock or learning curve.”

To Johns, there’s a fundamental difference between GDPR and HIPAA, as the EU law is based on personal rights, while HIPAA is focused more on the data itself and who can share it and what can be done with it.

Right to erasure and consent

One of the biggest challenges for U.S. provides will likely be the GDPR “right to be forgotten” or sometimes known as the right to erasure. One of the cornerstones of the law is to strengthen individual rights, meaning organizations must honor all patient requests to erase personal data.

It also places limits on how long data can be stored, covering all data not considered valuable to scientific research under GDPR definition. Organizations must implement technology capable of totally and completely erasing personal data upon request.

For the U.S., where it’s common to store patient data indefinitely, this will be a major change.

Notice of consent is the other area U.S. providers must fully understand, explained Johns. Providers should draft consent forms that outline what’s collected and make sure that they give a clear place for patients to opt in or out of data sharing or collection.

“Securing disclosure: It boils down to consent, something beyond what exists now in most cases,” Johns said. “You have to show that you have that chance to opt in and out easily. And consent has to be in clear, plain language. Currently, not all these healthcare consents are.”

Roughly translated, GDPR mandates the elimination of fine print, often overlooked by patients, which can contain loopholes in privacy policies. The idea is that organizations will need to simplify consent language so that it’s easy for patients to understand.

Tighter security

GDPR also cracks down on security requirements to ensure patient data is protected. This includes implementing pseudonymization and redundancy, along with routine pen testing and intrusion detection measures. Further, much like with HIPAA, organizations will need a continuous process to evaluate its security measures.

But one GDPR mandate that some healthcare organizations still haven’t gotten right is the need for encryption. Providers must lockdown all patient data -- if they haven’t already.

And one final security measure that is vastly different than HIPAA is that organizations will only have 72 hours to inform EU patients of a breach. HIPAA gives providers 60-days from the time of discovery.

“In reality, GDPR article is about data protection by design and by default,” said Johns. “It gives all identities that could be a data processor … a chance to look at their IT infrastructure and see where they can improve to comply with GDPR.”

There are plenty of lists online to determine how entities can be compliant with the data structure of each entity, and how it applies to internal audits, explained Johns. But for healthcare, “the big thing is the internal audit: looking to make sure they have the ability to access information quickly in a compliant way with GDPR and HIPAA.”

Enterprises understand cyber risks

Enterprises understand cyber risks

Hackers and cyber criminals often seek to exploit human errors like misconfigurations, poor security practices and the use of shadow IT.

In order to help businesses assess the risk CyberSecOP is launching an automated advanced persistent threat (APT) simulation platform, LocPar, to continuously expose all attack vectors, above and below the surface.

LocPar uses advanced attack techniques to expose the most critical blind spots. In the process, it provides data-driven remediation that focuses on an organization's most critical assets, reduces its IT risk and enables it to optimize its cyber resources.

"The best way to prevent a cyber attack is to identify in advance the attack vectors hackers will use to compromise an organization's critical assets," says CEO and co-founder of XM Cyber Noam Erez. "Even when an organization has deployed and configured modern security controls, applied patches and refined policies, it should still ask 'Are my crown jewels really secure?' as there is a plethora of ways hackers can still infiltrate the system and compromise critical assets. This is why we founded CyberSecOp: to equip enterprises with a continuous 360° view of which critical assets are at risk, what security issues they should focus on, and how best to harness their resources to resolve them."

Features of LocPar include full mapping of all attack paths at any given time, automatic adaptation to the context of the organization, using misconfigurations, user activity, credentials and security vulnerabilities in the network.

Comprehensive and up-to-date attack scenarios use the latest hackers' techniques and methods, giving the ability to detect and remediate IT-related risks in real-time. Reports are produced based on how critical the attack vector is.

Image Credit: SergeyNivens / depositphotos.com