The phrase ‘cyber risk’ means jeopardizing an organization’s financial status and revenue due to the advancement in technology (IRM, 2014). The concern with the increase growth in technology, it causes a high risk in security and privacy. Cyber risk may not only occur in big or small organizations, but also data breach in high-profile personnel’s or release of government documents. While businesses and society continue to engage in the use of technology, the potential cyber threat is really underestimated. Cyber risk management will help prevent the release of confidential and personal information to the attackers. Some examples of recent cyber attacks are the massive data breach at Target and the leak of confidential information in Panama. …show more content…
Raj Chaudhary and Jared Hamilton from Crowe Horwath, devised five attributes to an effective cyber security risk management that should be implemented in all cyber risk managements. The first attribute should be an effective framework. An effective framework is the centerpiece for any organization that want to achieve something. In this case, it is the vital and most important piece that manages the security of data as well as the infrastructure. One of the widely accepted frameworks is the National Institute of Standards and Technology (NIST) Cybersecurity framework. The purpose of this framework is to provide a basic set of standards and guidelines for organizations to follow to protect against cyber attacks. There are other frameworks such as ISO/IEC Security Control standards, FFIEC Cybersecurity assessment, and FCC Cybersecurity planning guide. These frameworks have varying guidelines and standards but all of these frameworks tackle the five core functions of NIST which are: identify, protect, detect, respond, and recover. The important point here is not choosing what framework is best because all organizations differ but to establish a …show more content…
Hackers who are able to get into the network must be detected quickly, otherwise there is a risk that they will be able to steal keys necessary to decrypt the system and steal important data. All portable devices, servers, and other media where data may be stored should be encrypted. The expansion of encryption could help keep sensitive information protected, even if the information has been stolen. Furthermore, it is important to note, encryption should not be used as the only defense mechanism against a cyber attack.
Cyber Kill Chain
The kill chain was developed by defense giant Lockheed Martin and it describes the different stages of cyber attacks. The cyber kill chain consist of seven steps which amplify visibility into the possibility of being attacked and give analyst a better understanding of an hacker 's tactics, procedures, and expertise. In order for an organization to be successfully hacked an adversary must complete all seven steps. The cyber kill chain is as follows:
Step 1:
With the increasing use of emerging technologies and the associated information security threat threshold, Ohio University has adopted the NIST 800-53 security control framework to support their regulatory compliance efforts. NIST 800-53 is being implemented to provide a comprehensive set of security controls. This control framework is responsible for instituting minimum requirements that meet approved standards and guidelines for information security systems. It provides a baseline for managing issues relating to mobile and cloud computing, insider threats, trustworthiness and resilience of their information systems. NIST defines the standards and guidelines to be adhered to meet the cyber security control that align to FISMA expectations.
President Obama has realized the seriousness of the upcoming threats and turned the government focus more toward defending the information and communications infrastructure and In May 2009, he issued a request from top to bottom review of the current situation. The report titled the Cyberspace Policy Review includes strategy, policy, and standards regarding the security of and operations in cyberspace. According the white house’s cybersecurity foreign policy, the Cyberspace Policy Review highlighted two objectives and ten near-term actions to support the cybersecurity strategy.
Some modern cybersecurity analysts disparage the Lockheed-Martin Cyber Attack Kill Chain model, claiming that it is intrusion-centric and does not account for many current and emerging threats including insider threats, social engineering, and remote access.2 Intrusions are now a much broader problem class than they were when the Lockheed-Martin paper was written. However, if hackers tend to use trend-focused approaches, then that functional gap closes considerably with an application of strategic-level counterterrorism techniques.
There is constant concern about different kinds of devices and tools because of their vulnerability: laptops; personal computers in the home; libraries and public workstations; USB Flash Drives and email, to name a few. These items are easily accessible for those attempting to breach security.... ... middle of paper ... ...
This project must meet the requirements of DoD security policies and standards for delivery of the technology services. The first requirement we are to discuss is Federal Information Security Management Act (FISMA) which is a United States legislation that defines a comprehensive framework to protect government information, operations and assets against natural or man-made threats. FISMA assigned the National Institute of Standards and Technology (NIST), the responsibility of defining standards and security procedures to be followed and must be complied. There are nine processes NIST outlines to be in compliance with FISMA:
...work Security Article). With this given information in the essay, is a great start to learn how to keep your network secure. This is only a small part of the prevention of infiltration of your network and computer. If one desires to learn more, go above and beyond and continue to learn on how to keep your network secure.
Almost every business deploys the traditional security based, methods to combat the threats of cybercrime; however, this is not sufficient to fully erase the threats. Any risk based method must look at what is leaving the IT environment, as well as the data inflowing, because, what is going out holds possibly greater significance than the traditional bastion based security methods (Peltier, 2010). Organizations must comprehend how visible they are to online criminal in regard to, targets of interest, attack routes, and possible process vulnerabilities. So to better defend against attack, a simple equation provides the underpinnings of the numerical system for rating risks and is expressed by the following: Risk = consequence × (threat × vulnerability) (Peltier, 2010). This equation is superior to the standard equation that only factors in threat and vulnerability and should be used for calculating
Cybersecurity is the technology that protects computers and networks from unauthorized personnel. Ever since computers have expanded to homes and the workplace; the need for cyber security has grown exponentially. Millions of people around the world have access to the internet at a given time, and this allows for predators to attack, scam, hack, and intrude on personal and government information. Cybersecurity is designed to counteract these attempts to ultimately allow for safe networks and computers.
The term “cyber terrorism” refers to the use of the Internet as a medium in which an attack can be launched such as hacking into electrical grids, security systems, and vital information networks. Over the past four decades, cyber terrorists have been using the Internet as an advanced communication tool in which to quickly spread and organize their members and resources. For instance, by using the instantaneous spread of information provided by the Internet, several terrorist’s groups have been able to quickly share information, coordinate attacks, spread propaganda, raise funds, and find new recruits for their cause. Instantaneous and unpredictable, the technological advantages these terrorists have obtained from using the Internet includes
To combat those threats and ensure that e-business transactions are not compromised, security technology must play a major role in today's networks. Why Networks Must Be Secured? Attacks: -. Without proper protection, any part of any network can be susceptible to attacks or unauthorized activity. Routers, switches, and hosts can all be violated by professional hackers, company competitors.
The problem this paper will endeavor to address is that of cyber security or the lack of it, characterized by the cybernation of our lives, which has increased our vulnerability to cyber-attacks. The scope of the threat posed by cyber insecurity will be addressed. How severe is threat posed by cyber criminals? How do they operate? The ramifications of cybercrimes and their impact on the economy are without a doubt cause for government. In addressing the problem, however, the government faces the dilemma of acce...
The nation has become dependent on technology, furthermore, cyberspace. It’s encompassed in everything we deliver in our daily lives, our phones, internet, communication, purchases, entertainment, flying airplane, launching missiles, operating nuclear plants, and implicitly, our protection. The more ever-growing technology empower Americans, the more they become prey to cyber threats. The United States Executive Office of the President stated, “The President identified cybersecurity as one of the top priorities of his administration in doing so, directed a 60-day review to assess polices.” (United States Executive Office of the President, 2009, p.2). Furthermore, critical infrastructure, our network, and internet alike are identified as national assets upon which the administration will orchestrate integrated cybersecurity policies without infringing upon and protecting privacy. While protecting our infrastructure, personal privacy, and civil liberties, we have to keep in mind the private sector owns and operates the majority of our critical and digital infrastructure.
Have you ever been a victim of Cybercrime? In today’s society, you can be a victim of cyber crime at any time of day because everything is based off of technology. Our society is all about fast pace and advancement of technology. People entire lives revolve around technology, which we use every day to get things done. Computer systems practically run much of the world today from security systems to the computer systems that run most businesses technology is taking control of the world. In this age of technology cybercrime becomes an increasingly more concerning issue. The world’s growing dependency on technology also leads to the world’s vulnerability. Steps are in place to protect against and prevent
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.
Cybercrimes is rapidly growing and increasing at a substantial rate. This is a crime that affects everyone no matter where a person lives. Anything that connects to the internet is susceptible to attack. In fact Verizon quoted, “No locale, no industry or organization is bulletproof when it comes to compromise of data”. IBM President and CEO Ginni Rometty described cybercrime as, “The greatest threat to every profession, every industry, and every company in the world”. Individuals are just as susceptible to attack. There is a hacker attack every 39 seconds, affecting 1 in 3 Americans. In this essay I will cover types of cybercrimes and the affect they have on businesses, government agencies, and the economy.