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Risk assessment fashion
Risk assessment fashion
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Companies in the news for security breaches are now benefiting from their newly found hindsight via way of a lack of security point of view. These views come at a highly expensive cost and it should come as no surprise that many companies will continuously and gratuitously benefit from those views. The reason I believe this is because companies just don 't get it. At the cost of millions of dollars spent post compromise, companies rush off to apply band-aids where sutures are needed. Anyone with a connection to the Internet who has viewed any form of news site in recent weeks have come to know their names: RSA, Sony, Nintendo, L3, Northrop and the list goes on and on.
Where do these companies go wrong? With so much already being spent on security
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It seems to be "wasted dollars" for security managers and C-Level types since they cannot measure ROIs on voodoo metrics. You know those voodoo metrics well, they are usually cleverly scrawled across every security management level certification you could find: ALE = SLE x ARO or ROSI = R - ALE, where ALE = (R-E) + T. Too many security charlatans have flooded the security arena with this nonsense for too long.
Can we state that Citi, BofA, L3 and others never used these metrics? If they state that they did not, they would be hurting their reputation. We can infer that the outcome of these metrics are useless and this is as obvious a statement as "tomorrow is another day." So how do does the security industry change this backwards approach to security while keeping costs low, and security measures high? Simple, take a different approach to security as a whole.
In a recent case, [6] a judge ruled that a bank was not responsible for fradulent transfers made from an account. In this case, both the bank and the customer lose; the bank loses a customer, the customer loses their money. Case closed. However, imagine if the bank had a validate policy in place where any
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In other instances such as say the Sony compromise, the cost of securing that network would have been far less than the estimated 170 million [7] they dished out. The existing approach to security however would have still likely led to a compromise. This is because companies are looking at security as: "build a bigger wall, add a moat, throw sharks in the lake." What they fail to see is that most of the existing attacks are not "coming through the front door." Many are client side attacks [8] where an attacker is leveraging a machine already inside of a network in order to burrow out a trusted network where the attacker can then control that machine. How do you defend against this? It is just as simple as defending from the other side of the "wall." You build mechanisms to inspect what is leaving your network. Disgustingly simple isn 't it?
Ask any security manager or C-Level why they won 't apply this and you are likely to be bombarded with a hodge-podge of voodoo metrics: SLE = EF x AV x CTM or ROI = ALE - (( ALE - (ALE - ALE2)) + T ) in other words, covering one 's ass is far more important than actually getting the job done right. This is
For example credit card transactions and security breaches have occurred which have cost the company million of dollars. Target Corporation must do a better job of securing its data to prevent future loss in profit, sales, and stock values.
A sinkhole attacker places itself at very strong status in the network and informs a high quality route to destination or spoofs neighboring nodes that are neighboring the destination. The compromised node at the sinkhole’s heart could then perform selective forwarding, packet dropping or data manipulation [19].
Computer crime has been an issue since the beginning of computers. Wherever there is something good, there is always someone who takes advantage of it. This can be seen in cyber crime, which has been on the rise in recent years. According to the Los Angeles Times, the median cost of computer crime to a company per year has risen from $3.8 million dollars in 2010 to $5.9 million. (Rodriguez, 2011) This suggests that computer crime is becoming an even bigger hazard to companies. A recent example of this was the data breach committed against Target in 2013.
...ve alone, with proper regulations, they could be very successful. Such regulations include limiting privileged employees who can remove the security tags, and permitting only select employees the authority to open security cases. These approaches accomplish similar results—they stop employee theft—and at the same time, mitigate the violation of privacy rights and legal proceedings.
Roger Dingledine, Nick Mathewson, Paul Syverson. Tor: The Second-Generation Onion Router. Washington DC: Naval Research Lab, 2004.
Cyber security is like trying to box while being blindfolded.. Cyber instability may cause massive panic in citizens of the United States. Government surveillance is one of the platforms of cyber security and it started to erupt after the 9/11 incident. The main ways the government watches people today is with cell phone, social media, and email surveillance. Should they be able to invade our privacy? Maybe. Many crimes are committed on computers everyday whether it be credit card hacks, stolen identities, or even social media accounts taken. Cyber attacks may lead people to distrust the cyber community and the people behind cyber protection.
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]
...n. While many people don’t realize it, there is always risk when you use the internet. You must be able to know how to defend yourself against these attacks or you risk losing it all.
Over the last ten years people in the United State and around the world have heavily relied more on their debit or credit cards to process transactions of their purchases. In the old days it used to be when you would get your paycheck on Friday and rush to the bank during your break or lunch in order to cash withdraw your funds or deposit them into your account. It used to be where you carry cash to buy groceries, pay bills, and go shopping. Now some people don’t even set foot inside their bank branch because they are paid using direct deposit or the funds are loaded into a debit card provided by their employer. Many employers from around the globe don’t even issue paper check anymore. Bills are often times paid online, babysitters are accepting electronic payment such as PayPal and even food trucks now take electronic payments. According to a Washington Post column by Michelle Singletary society and businesses embrace using cashless ways to pay for things than the old time traditional “cold hard cash”. In my opinion there should still be cash circulating out in the world. My first ...
This hurdle is when an organizations new equipment expense to enhance their computer security is added into their cybercrime losses (Cybercrime: It’s Serious, But Exactly How Serious?, Paul Hyman).” The fourth hurdle is “undetected losses which is when an organization is not aware of their cybercrime losses (Cybercrime: It’s Serious, But Exactly How Serious, Paul
Every year, cybercrime costs businesses $400 billion and by 2019, cybercrime will have cost the global economy 2.1 trillion dollars (Morgan 1). But, economic loss isn’t the only problem caused by weak cybersecurity; weak cybersecurity measures could allow hackers to collect data on citizens, cause widespread death, and destroy entire nations. Despite the massive threat the problem poses, no one has yet to institute an effective solution. Although government regulation and website blocking attempt to eliminate cybercrime and cyberwarfare, an ideal solution exists in government guidance and collaboration with the private sector.
Hackers have existed since the launch of the internet itself. Hackers, who pride themselves on demolishing data and changing a computer’s structure, use digital armaments to take advantage of the naiveté of the internet. Although hackers use a variety of me...
ABSTRACT : This paper describes the basic threats to the network security and the basic issues of interest in designing a secure network. it describes the important aspects of network security. A secure network is one which is free of unauthorized entries and hackers. INTRODUCTION
the risk of security incidents and breaches is reduced by encouraging employees to think and act in more security conscious ways;
The internet offers high speed connectivity between countries, which allows criminals to commit cybercrimes from anywhere in the world. Due to the demand for the internet to be fast, networks are designed for maximum speed, rather than to be secure or track users (“Interpol” par. 1). This lack of security enables hacker...