Cyber Security Month: Looking for Answers Part II?

NEW YORK METRO JOINT CYBER SECURITY CONFERENCE

NY Metro Joint Cyber Security Conference

I recently attended the Third Annual New York Metro Joint Cyber Security Conference (http://nymjcsc.org/), held in mid-town Manhattan.  Security conferences are now a dime-a-dozen, but this event is unique in that it is a collaborative effort developed by a consortium of eight leading security, audit, and risk focused, NY metropolitan area, not-for-profit professional associations. Each organization brings its best to the table, creating a rare combination of expertise and diversity of talent.  

There were many informative sessions – some standing room only – but some of the greatest value was in the interaction with the other professionals.  For example, in sessions, we learned that security professionals must adopt the language of Directors to be understood by a Board.  The Internet Security Alliance is even working on metrics for Boards to use in evaluating security risks and controls.  But, after all the talk of security maturity models, cyber risk management frameworks, and “cyber balance sheets,” CISOs (Chief Information Security Officers) will tell you that Boards still “just don’t get it” and don’t seem to be that interested.  Perhaps CISOs as a group aren’t very good at explaining how greater focus on preventing and mitigating cyber threats is in the self-interests of very diverse sets of Directors.  Maybe, despite approaching the problem with the best of business concepts and lingo, CISOs just don’t have influence with Directors.  (As one CISO put it, “formulas don’t work.  Relationships do.”) Or, perhaps it’s because, as one speaker put it, there is not a single instance of a cyber breach that has been demonstrated to have a material impact on a company.  In the end, the surprising takeaway may not be that CISOs are becoming more adept at speaking the language of the Board, but that some Boards are beginning to listen at all.

This sold-out event offered excellent, high-quality presentations with plenty of actionable content.  If you weren't able to attend, you can still benefit from the recordings of many of the sessions.  They are available at http://livestream.com/internetsociety/nymjcsc/.  Presentation slides may be found at http://tinyurl.com/z3fz44d. I would highly recommend reviewing them.

And, don't forget to sign up early for next year's conference.  It's one of the best values in information security education that you'll find anywhere.  Follow www.nymjcsc.org and @NYMJCSC for details.

Phil Froehlich is Chief Operating Officer of Integris Security and a member (who listens) of the Executive Board of New York Metro InfraGard.

Information Security in Corporate Valuation

What do you look at when considering the corporate valuation of a company?  Chief financial officers pour over spreadsheets, public filings and much more to get a temperature so they can inform investors, boards and others in the decision making process.  Where is Information security in this discussion?  Who is the chairman of the board's audit committee and how comprehensive are the details and reports?  How accurate and truthful are these reports and details?  Who is the chairman of the technology committee and are his/her reports accurate, timely and reflective of the needs of the company to support the basic operations of the company.

Whether your a big box company like Target, credit card processor like Hartland Payment Systems or just one of the largest email giants like YAHOO!  these and many other questions have to be answered, accurately, timely and honestly and yes, sometimes even painfully.

We have all read in the news that VERIZON is on the path to make an offer to Yahoo! with finalization next year and this latest exposure is certainly going to figure large into pricing.  Verizon

will pay a competitive price, but will not buy based on a hunch.  They will skillfully look at every single part of the Yahoo! digital empire and figure out just how much work will be needed to mend the broken system.  Information security practice will loom large as the price for Yahoo! could potentially shrink.  Information security is going to have to push its way into the board room and profit center discussions.  If not the corporate valuation is just not honest and leaves a lot to be desired when looking at the totality of the circumstances concerning corporate valuation.  Assessing a computer environment can be a very straight forward business.  But what we're seeing are limitations put on security professionals or very narrow scoping of projects which is shaving away a more wholesome look into the entire computer enterprise.  This is just a delaying tactic which is putting off the unavoidable.  Auditing should be ongoing quarter to quarter, year to year and used in helping to set budgets for the out years.  Audit chairs should be apart of the internal profit center discussions and everyone should be mindful of function over feature creep without warranted information security checks prior to implementation.  The sales guys are going to have to get involved in security the environment which they play a critical role in.

Integris Security is your trusted IT Security team that can help you as we provide tailored, high quality security solutions based on industry best practices and our principals combined experience of more than eighty years.  Call us for an appointment and free consultation.

Ten Mistakes that Boards Make

Too often we are learning of executive level errors or omissions which cause massive breaches to the data or PI of millions of citizens.  Here's the "Ten Mistakes That Board Make".

         1. Not Asking Questions

2. Failing to Understand the Company and the Risks it Faces

3. Failing to Lead on Ethics and Compliance

4. Not Insisting on a Crisis-Management Plan

5. Speaking out in a Crisis Before the Facts are in

6. Relying on the Wrong Outside Counsel

7. Failing to Understand Attorney-Client Privilege

8. Underestimating Regulators

9. Giving too Much Leeway to Rainmakers

10. Getting Caught Up in the dilemma of False Options

Taken from the magazine Corporate Board Members, an article written by Randy Meyers.

Make Integris Security your Chief Risk Officer (CRO) as the independent keeper of oversight in your corporate enterprise.  It is the job/function of the CRO to keep regulator awareness at a high level and to let the business be in charge of risk management.

Integris Security LLC grew from our passion for protecting our nation’s critical infrastructures and years of providing industry professionals with best of breed solutions, proven best practices and top notch security education. We work tirelessly to nurture our clients’ TRUST. We will work equally diligently to EARN your trust.


Reference: http://operationalrisk.blogspot.com/2014/11/top-ten-mistakes-board-of-directors-risk.html

 

53 Million Reasons ... To Tighten Up The Ship

There are 53 million reasons to take another look at the security of your enterprise.  This past week Home Depot advised that the data (P.I.) of 53 million customers was exposed to thieves over the internet.  Home Depot joins the long list of companies that have suffered a breach during 2014.  What can we learn from Home Depot? 

Flat networks don't work.  Network segmentation is part of the answer to ensure that if a break-in occurs your exposure is vastly limited.  Cut them off at the pass and don't let them beyond your first defensive line.  Call us if you aren't sure or just need some clarification 516-750-0478 and we would be more than happy to advise your company.

Uncertainty, risky first half of 2014...the year of the hack?

Pushing the buttons of millions of individual Americans is the fact that their accounts have been hacked according to Larry Ponemon at the Ponemon Institute in a study conducted for CNN Money.  Ponemon's study gaged that 47% of adults had their accounts hacked during 2014, which may soon become known as "the year of the hack".  That's just about half of all adults in the United States.

The facinating numbers come at the heals of the Target breach which we have been discussing on this blog and doesn't include the millions in the latest eBay Breach.  Its raining on the American Public as millions of  (PII) records are exposed.  Here are the facts and figures Ponemon and Jose Pagliery of CNN have dug up for CNN Money:

"Cyber attacks are growing so numerous that we're becoming numb to them. Researchers at IT company Unisys (UIS) say we're now experiencing "data-breach fatigue." Even the most recent numbers make for a dizzying list:

• 70 million Target customers' personal information, plus 40 million credit and debit cards
• 33 million Adobe user credentials, plus 3.2 million stolen credit and debit cards
• 4.6 million Snapchat users' account data
• 3 million payment cards used at Michaels
• 1.1 million cards from Neiman Marcus
• "A significant number" of AOL's 120 million account holders
• Potentially all of eBay's 148 million customers' credentials"

More numbing then the facts and figures presented by Ponemon Institute for CNN MONEY is the fact that the industry has not adopted better and well known security practices as a whole.  Need I go on?  For ten years industry has been digging a hole deep in the sand and sticking their preverbal heads in the hole.  See my blog post on accountability.

Let's not blame it on companies looking at profits after all isn't that why companies are in business to begin with.  However we too pause, when companies select tactical gains to satisfy quarterly earnings statements and maybe making themselves look good as opposed to the overall strategic growth and health of a company or corporation.  Read responsibility to share holders, and company employees. To some extent the risk Vs reward discussion will come up and when presented executives will nervously select profits.  Until boards reflect the knowledge, skills and abilities necessary to make both tactical and strategic management decisions we will continue to see the deep decline and clearly the never ending "year of the breach".  Operational executives will respond in kind when Boards of Directors begin to ask the thorny questions which should focus on the strategic growth of the company.  Employees will then be motivated and hear the clarion call from mount high when the CEO comes back from the board meeting and says they want more security and assurance before we can bring that function on board, who certified that code, who tested it and who is taken ownership of the relationship with the software team?

Here's hoping that the second half of 2014 is the year of Board of Directors active and attuned to what is going on not only in the front office but every office.  That function continues to thrive and work closely if not right next to the security team.  That multi-factor authentication is used not just for outsiders, but insiders as well.  That outside relationships are clearly defined and SLA's (service level agreements) are scoped out to protect both the vendor and the company.  That data which can be held in a planet sized computer terminal or a tiny smart phone is protected and preserved because we should all enjoy a level of privacy.   That when we buy the state of the art upstream gadget that detects attacks and when alarms go off and people start screaming at the top of their lungs someone will listen and will have been properly trained on the use of the gadget and that it is properly configured. All very hopeful that the year end will be better than the start.  The future is now before us.  Let's see how we do!

Good luck everyone!

LINKS:

The Cyber Crime Economy

Study: 432 million accounts hacked