Introduction
Bank SolutionsInc. is in need of a tailored IT security plan for strategic advantage, regulatory compliance, and risk mitigation. As an organization that relies on IT for innovation and technical advantage, it is essential to invest in necessary security controls. This will ensure the infrastructure supports a layered security posture to detect, deter, eliminate or reduce as many vulnerabilities and exposure as possible. It is the responsibility of executive management to determine the amount of exposure and risk their organization is willing to accept.
Objectives
The main objectives of this security plan are to describe a security strategy and identify recommended technologies to ensure Bank Solutions has the ability to achieve their objective and ensure that the mission and goals of the organization are positively impacted.
Security Strategy
Our security strategy is a methodology for defining security policies and necessary controls. This includes the assessment of all possible types of risk i.e.: Malicious hacker; also the prediction of different types of attack for example, logic bombs and viruses. This plan includes a proactive and reactive strategy to protect the confidentiality, integrity, and availability of our organizations information and data.
The proactive strategy is to predict the possible damage, determine all vulnerabilities then implement plans, develop security policies and controls to best minimize those vulnerabilities. The reactive strategy is to assess damage and determine the possible causes, and afterwards implement and develop security policies and controls to repair the damage. Lastly, implement a plan of contingency to prevent further occurrence. The annual review of these plans and po...
... middle of paper ...
...itepapers/threats/vulnerabilities-vulnerability-scanning-1195
Kinn, D., & Timm, K. (2002, July 18). Justifying the Expense of IDS, Part One: An Overview of ROIs for IDS | Symantec Connect Community. Retrieved from http://www.symantec.com/connect/articles/justifying-expense-ids-part-one-overview-rois-ids
References (cont.)
Mortazavi, S.H. & Avadhani, P.S. (2013). RSA cryptography algorithm: An impressive tool in decreasing intrusion detection system vulnerabilities in network security. International Journal of Innovative Technology and Exploring Engineering, (4), 306. Retrieved from: http://www.ijitee.org/attachments/File/v2i4/D0527032413.pdf
SANS Institute, (2001). Understanding intrusion detection systems. SANS Institute InfoSec Reading Room. Retrieved from: https://www.sans.org/reading-room/whitepapers/detection/understanding-intrusion-detection-systems-337
During the process of analyzing an organizations effectiveness to manage cybersecurity risks, there are ranges of security policies that need to be implemented. A prime example of this concept is the cybersecurity policies developed for consulting firm Booz Allen Hamilton. The direct division formed to address the firm’s requirements within cyberspace is the Cyber Solution Network (CSN). The CSN division within Booz Allen Hamilton has a range of policies used to ensure the firm is protected against risk.
Whitman, M., & Mattord, H. (2010). Management of information security. (3rd ed., p. 6). Boston, MA: Cengage Learning.
Security helps the organization meet its business objectives or mission by protecting its physical and financial resources, reputation, legal position, employees, and other tangible and intangible assets through the selection and application of appropriate safeguards. Businesses should establish roles and responsibilities of all personnel and staff members. However, a Chief Information Officer should be appointed to direct an organization’s day to day management of information assets. Supporting roles are performed by the service providers and include systems operations, whose personnel design and operate the computer systems. Each team member must be held accountable in ensuring all of the rules and policies are being followed, as well as, understanding their roles, responsibilities and functions. Organizations information processing systems are vulnerable to many threats that can inflict various types of damage that can result in significant losses (Harris, 2014). Losses can come from actions from trusted employees that defraud the system, outside hackers, or from careless data entry. The major threat to information protection is error and omissions that data entry personnel, users, system operators and programmers make. To better protect business information resources, organizations should conduct a risk analysis to see what
In 1980, James Anderson’s paper, Computer Security Threat Monitoring and Surveillance, bore the notion of intrusion detection. Through government funding and serious corporate interest allowed for intrusion detection systems(IDS) to develope into their current state. So what exactly is IDS? An IDS is used to detect malicious network traffic and computer usage through attack signatures. The IDS watches for attacks not only from incoming internet traffic but also for attacks that originate in the system. When a potential attack is detected the IDS logs the information and sends an alert to the console. How the alert is detected and handled at is dependent on the type of IDS in place. Through this paper we will discuss the different types of IDS and how they detect and handle the alerts, the difference between a passive and a reactive system and some general IDS intrusion invasion techniques.
Every organization, big or small, should have some level of security policy to protect their proprietary information. While the intensity and depth of an organization's security policy depends heavily on the nature of their business, common guidelines are mentioned in this paper that apply to all policies. One of the most important things to remember is that employees are a critical component to a successful security policy. It is the organization's job to ensure that their security policy is widely distributed and understood.
There is no doubt that some portion of the IT budget will be spent on a technology solution for the purpose of defending the IT infrastructure. The questions are what will it be spent on, what assets will be protected and will the solution be relevant to tomorrow’s emerging threats? There are new vulnerabilities and threats targeting IT systems on a daily bases, staying on top of system vulnerabilities can be a massive and daunting task. A combination of systems i.e. Windows, Linux, UNIX, Cisco, Juniper etc… complicates vulnerability management and if not properly managed will lead to critical IT assets and information being compromised and damage to an organizations’ reputation. Successfully identifying system vulnerabilities, also known as Vulnerability Management is paramount to system security; a reliable vulnerability scanner is the key to successful vulnerability management.
...r intrusion detection.”, Systems, Applications and Technology Conference, 2006. LISAT 2006. IEEE Long Island pp.1-8.
Issues that will fall under this umbrella will be management accountability, fiscal liability, internal and external audits and protection of stockholder and stakeholder interests” (Fisher, 2004). An area of concern for both customers and vendors will be how well the organization can protect the information system that houses secured information such as a customer’s financial institution, bank routing numbers and account numbers. The same will apply to a vendor’s need of protection. If an organizations electronic accounting data base where to be hacked into and the information were to fall into the wrong hands, a company could be destroyed financially. An organization’s performance review also plays a vital role in the homeland security assessment. In conducting a review on this level I will obtain information as to “how the senior leaders translate organizational performance review findings into priorities for continuous and breakthrough improvement of key business results and into opportunities for innovation” (Fisher,
In this paper, I have attempted to examine how could a company contract with a bank to create a security system for it, at the beginning of the contract the company will search the best way to create the system, and also the company should have a good impression of experience, so for that the owner of the bank decide the and direct the company to create the security system for their bank, and also the company will have look at the public acceptance, costs and how to design the system for the bank, and also my recommendation of this paper is, the bank should the first step decide to trust on the company that have contract with them, to work hard for them, and also for the company, is the way that they have worked before and have a good impression of the experiences of works that they worked before for the other places that had do the security system for them.
ISO 27001: Information Security Management System: This standard helps organizations implement security as a system versus numerous controls put in place to solve seemingly isolated issues. The standard includes handling of electronic information as well as paper-based information. From the management perspective, this standard, main contribution is to formalize the concept of risk assessments and organize information security as a quality improvement activity. The standard includes the plan-do-check-act (PDCA) concept as well as the principle of continually assessing the organization, not just episodically (Murphy, 2015).
As electronic commerce, online business-to-business operations, and global connectivity have become vital components of a successful business strategy, enterprises have adopted security processes and practices to protect information assets. But if you look at today's computing environments, system security is a horrible game of numbers: there are currently over 9,223 publicly released vulnerabilities covering known security holes in a massive range of applications from popular Operating Systems through to obscure and relatively unknown web applications. [01] Over 300 new vulnerabilities are being discovered and released each month. Most companies work diligently to maintain an efficient, effective security policy, implementing the latest products and services to prevent fraud, vandalism, sabotage, and denial of service attacks. But the fact is you have to patch every hole of your system, but an attacker need find only one to get into your environment. Whilst many organisations subscribe to major vendor's security alerts, these are just the tip of the security iceberg and even these are often ignored. For example, the patch for the Code Red worm was available some weeks before the worm was released. [02]
Due to their complexity and importance to information security, two security systems, Network Intrusion Detection/Prevention Systems (NIDPS) and Security Information and Event Management systems (SIEM), will be explored in this paper. Both have multiple functionalities, including threat-detecting capabilities, and are widely considered essential tools for adequate network defense, particularly in the goal of fortifying valuable assets in the face of an advanced threat. Understanding these systems is vital for any security operation tasked with defending significant networks.
Potential risks and security breaches have been on the rise with a growing number of skillful hackers. This results in an increase to external threats to personnel and businesses. However, when complex security measures and the appropriate level of controls are utilized, there is a reduction to the potential risk and loss due to failure or breach. Therefore, such practice will enhance system reliability.
The first thing that we must consider about Information Security is that there is not a final destination at which we can arrive. IT Security is an ongoing set of processes and activities that requires attention and expertise on a daily basis. It is important to understand that systems are not secured by themselves and it is our responsibility to maintain and improve them periodically as required. It is of vital importance to establish the appropriate mechanisms and requirements in order to support the company’s CIA triad. The following report will provide you guidance about auditing and hardening techniques applied though the 7 Domains by utilizing IT Security Best Practices.
A critical part of network planning involves setting up of security mechanisms. Deploying the network with security configuration provides superior visibility, continuous control and advanced threat protection across the extended network. Additionally, security procedures define policies to monitor the network for securing critical data, obtain visibility, mitigate threats, identify and correlate discrepancies.