Tag Archives: cyberrisk

Для тех, кто интересуется безопасным доступом к онлайн-играм, наш партнер предлагает зеркало Вавады, которое позволяет обходить любые блокировки и сохранять доступ ко всем функциям казино.

65% of Businesses Unprepared For Email-Based Cyber Threats

Posted on by

In a recent threat report, cloud email management company Mimecast warned they had seen a 55% increase in whaling attacks over the past three months. As we reported in this month’s Risk Management cover story “The Devil in the Details,” social engineering fraud schemes like whaling (which is phishing that targets higher-profile employees and executives) resulted in a total losses of more than $1.2 billion worldwide between October 2013 to August 2015. According to the Mimecast Business Email Threat Report 2016, released yesterday, IT security professionals clearly recognize the risk, with 64% of respondents in the new saying they see email as a major cybersecurity threat to their business. Yet only 35% feel confident about their level of preparedness against data breaches, while 65% feel ill-equipped or too out of date to reasonably defend against the risk.

buy sinequan online youngchiropractic.com.au/wp-content/uploads/2023/10/jpg/sinequan.html no prescription pharmacy

“Our cyber-security is under attack and we depend on technology, and email in particular, in all aspects of business. So it’s very disconcerting to see that while we might appreciate the danger, many companies are still taking too few measures to defend themselves against email-based threats in particular,” said Peter Bauer, chief executive officer of Mimecast. “As the cyber threat becomes more grave, email attacks will only become more common and more damaging. It’s essential that executives, the C-suite in particular, realize that they may not be as safe as they think and take action. Our research shows there is work still to be done to be safe and we can learn a lot from the experience of those that have learnt the hard way.”

Even the most secure companies feel the most at risk of these scams. Of the top 20% of organizations that feel most secure, 250% are more likely to see email as their biggest vulnerability. Those who feel most confident about guarding against the risk are 2.7 times more likely to have a C-suite that is extremely or very engaged in email security. Among the IT security managers who feel most prepared, five out of six say that their C-suite is engaged with email security, Mimecast reports. However, of all IT security managers who were polled, only 15% say their C-suite is extremely engaged in email security, while 44% say their C-suite is only somewhat engaged, not very engaged, or not engaged at all.

The firm also had some insight on best budgeting against the risks of phishing. Those who feel better prepared to handle email-based threats also allocate higher percentages of their IT security budgets toward email security, the firm found, with these IT security managers allocating 50% more of their budgets to email security compared to managers who were less confident in their readiness. Mimecast found 10.4% of the total IT budget toward email security is the ideal intersection between email security confidence and spend.

To reduce the threat of whaling, Mimecast recommends that companies:

  • Educate your senior management, key staff members and finance teams on this specific type of attack. Don’t include whaling in a general spear-phishing awareness campaign—single out this style of attack for special attention to ensure key staff remain vigilant.
    buy biaxin online youngchiropractic.com.au/wp-content/uploads/2023/10/jpg/biaxin.html no prescription pharmacy

  • Carry out tests within your own business. Build your own whaling attack as an exercise to see how vulnerable your staff are.
  • Use technology where possible. Consider an inbound email stationery that marks and alerts readers of emails that have originated outside of the corporate network.
  • Consider subscribing to domain name registration alerting services so you are alerted when domains are created that closely resemble your corporate domain.
    buy bactrim online youngchiropractic.com.au/wp-content/uploads/2023/10/jpg/bactrim.html no prescription pharmacy

    Consider registering all available TLDs for your domain, although with the emergence of generic TLDs (gTLD) this may not be scalable.

  • Review your finance team’s procedures; consider revising how payments to external third parties are authorized. Require more than single sign-off, or perhaps use voice or biometric approval only with the requestor to ensure validity of the request.

Check out the infographic below for more on business email threats:

mimecast business email threats

Gaining Cyber Confidence With a CISO

Posted on by

Businesses aren’t the only ones struggling to ramp up budget allocations to fortify against cyberrisk.

buy proscar online azimsolutions.com/wp-content/uploads/2023/10/jpg/proscar.html no prescription pharmacy

In his new $4.1 trillion budget proposal, President Obama has asked for billion for cybersecurity efforts, a 35% increase from last year.

buy ivermectin online azimsolutions.com/wp-content/uploads/2023/10/jpg/ivermectin.html no prescription pharmacy

The president directed his administration to “implement a Cybersecurity National Action Plan (CNAP) that takes near-term actions and puts in place a long-term strategy to enhance cybersecurity awareness and protections, protect privacy, maintain public safety as well as economic and national security, and empower Americans to take better control of their digital security.” In addition to a cybersecurity awareness campaign targeting both consumers and businesses, the plan calls for government-wide risk assessments, a nation-wide push for a range of better consumer data security measures, and a range of initiatives to attract more and better cybersecurity personnel. Some of these new employees will offer cybersecurity training to more than 1.4 million small businesses, and the Department of Homeland Security is expected to double the number of cybersecurity advisors available to assist private sector organizations with risk assessments and the implementation of best practices.

Obama’s plan also takes a page from the private sector, creating the position of Federal Chief Information Security Officer to drive cybersecurity policy, planning and implementation across the federal government.

Many organizations have begun to see concrete value from adding CISOs to the C-suite. According to a recent study from ThreatTrack Security, companies with a CISO are more confident about the technology they use to combat malware (83% versus 63% at organizations without one). This is particularly notable as only 20% of those surveyed said their defenses against hackers have improved in the past year—about half of those who said the same in 2013.

“Perhaps CISOs have a better handle on what solutions to implement or are better equipped and positioned in the organization to ensure their team has the solutions they need to defend the organization,” the report said.

Organizations with a CISO also feel more confident about their ability to address cyberrisk. When asked if they felt able to personally guarantee the security of customers’ data, 71% of respondents from companies with a CISO said yes, while only 29% could say the same without someone in this role. CISOs are also making a huge impact on breach preparation and incident response. When it comes to having an incident response team or security operations center to identify and respond to cyberattacks, 94% of respondents at organizations with a CISO had these resources in place, compared to just 49% without one. Concerningly, however, the overall number was 80%, 6% lower than in 2013.

buy zestril online azimsolutions.com/wp-content/uploads/2023/10/jpg/zestril.html no prescription pharmacy

When asked how defending their organization against cyberthreats had changed over the last year, 45% of respondents said nothing had changed, while 35% recognized that it has gotten harder to fight cyberrisks.

ThreatTrack Security found CISOs have also boosted corporate compliance with regard to cybercrime, with only 11% of companies failing to report breaches to customers, partners or other stakeholders, compared to 57% in 2013.

Vendor Risk Management: The Full Definition

Posted on by

cyber partners

Vendor risk management (VRM) is the practice of evaluating business partners, associates, or third-party vendors both before a business relationship is established and during the duration of your business contract. This is an important concept and practice to put in place during the evaluation of your vendors and the procurement process.

A key feature of VRM is understanding your vendor’s cybersecurity program. This allows you to understand how well they’re going to be able to secure your data, both from a physical and cyber perspective.

buy ocuflox online achievephysiorehab.ca/wp-content/uploads/2023/10/jpg/ocuflox.html no prescription pharmacy

VRM helps ensure that your vendors have a contractual obligation for specific requirements and standards, therefore mitigating your organization’s risk.

There are a number of risks vendors can bring to your enterprise, including:

LEGAL RISK

There are many legal risks associated with sharing sensitive information with third parties. For instance, if your vendor is breached and you lose your customers’ personally identifiable information (PII) like social security numbers or health care records, the law clearly states that you are responsible—not your vendor. Or, if you fail to spell out security expectations in your vendor contract, you may have no legal recourse whatsoever if your vendor compromises your data.

buy advair rotahaler online www.urologicalcare.com/wp-content/uploads/2023/10/jpg/advair-rotahaler.html no prescription pharmacy

REPUTATIONAL RISK

So much of vendor risk management is based on reputation. You are able to ask a lot of questions at the beginning of the vendor procurement process that may help you weed out the businesses you’d rather not work with, but you should also be monitoring news feeds during the procurement process. You, of course, would want to know if a business associate has been hit with a lawsuit during the time you were engaged with them and how that could affect the performance of their contract with you. And don’t forget about the reputational harm that could affect your company if your customers’ sensitive information is stolen due to an unsecure vendor.

FINANCIAL RISK

If a vendor has a poor financial record or past performance, you’ll want to know that information before engaging in a business relationship. That’s why a lot of companies do credit monitoring for their vendors. You’ll also likely want to ask other organizations who have previously done business with the third party in question for references. This way, you’ll be able to clearly evaluate the vendor’s project plan and all the different things they’re planning to do before entering into a contractual relationship.

CYBERRISK

Of the various risks a vendor poses, there are some things you need periodic updates on, which are relevant only at certain points of a business relationship. If you’ve established a vendor’s credit worthiness at the beginning of the process, for example, you’ll likely feel quite comfortable about their financial standing during the rest of the process.

buy albenza online achievephysiorehab.ca/wp-content/uploads/2023/10/jpg/albenza.html no prescription pharmacy

This is a good example of how some elements of vendor risk do not require continuous monitoring. Cyberrisk, however, is not quite as simple.

Cyberrisk is unique in that things can happen on a moment’s notice which could catastrophically damage your organization. You simply cannot rely on periodic or infrequent snapshots and assessments of your vendor’s health to understand cyberrisk. The thing that makes cybersecurity “special” is that it can pose financial, reputational, and legal risks.

It’s important to understand that cyberrisk management doesn’t end when your vendor signs a contract. Managing vendor cyberrisk requires persistent awareness of how the vendor is doing with your security expectations. You have to know at all times whether they are accessing your network in an unauthorized manner, or if your most important data could be jeopardized by their actions. Any slip-up or incident may have a catastrophic impact on your business (and lead to some pretty embarrassing headlines).

CONSIDER THIS

Some losses from “traditional risks” can be recuperated easily and quickly. If a food and beverage vendor doesn’t show up one day to cater a meeting, you’re only dealing with a limited amount of loss. Or, if a vendor doesn’t complete a project to your expectations, there are reasonable steps you can take to remedy the situation without dramatically impacting the bottom line.

But if someone hacks into your corporate network through a vendor and steals your most precious data, the outcome could be catastrophic. Your reputation can be damaged irrevocably, financial losses can be huge, and legal liability may be hard to transfer to your vendor. This is why vendor risk management—and especially IT risk management—is not something to be taken lightly. All angles must be examined with every vendor, both large and small.

Prosecutors Reveal ‘Securities Fraud on Cyber Steroids’

Posted on by

The investigation into a huge cyberattack on JP Morgan Chase last year has exposed one of the largest computer hacking and fraud schemes to date.

online pharmacy periactin with best prices today in the USA

According to U.S. prosecutors, Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein, all from Israel, hacked a total of 12 companies to expose the personal information of more than 100 million people, netting hundreds of millions of dollars in profit. The men face 23 criminal counts, including wire fraud, computer hacking, illegal internet gambling and money laundering, with alleged crimes targeting 12 companies, including nine financial services companies and media outlets including the Wall Street Journal. Investigators say their massive criminal empire used 75 shell companies that employed hundreds of people, and hacked seven major banks, ran an online casino, laundered money around the world and set up an illegal Bitcoin trading operation.

online pharmacy zestril with best prices today in the USA

“It is hacking in support of a diversified criminal conglomerate,” said Preet Bharara, U.S. attorney for the Southern District of New York. “In short, it is hacking as a business model.”

In addition to the hack of JP Morgan, which U.S. Attorney General Loretta Lynch called “the largest theft of customer data from a U.S. financial institution” and exposed the personal information of 83 million customers, the criminals also attacked E*Trade Financial Corp., TD Ameritrade, Scottrade Inc., Fidelity Investments and News Corp’s Dow Jones, which publishes the Wall Street Journal. The breaches date as far back as 2007.

“By any measure, the data breaches at these firms were breathtaking in scope and in size,” Bharara said. “This showcases a brave new world of hacking for profit.”

Breaking into these financial institutions gave the attackers information to target specific people, and gave them extra insight into the stock market. According to the indictment, they used the customer data to contact individuals and push them to buy stocks in order to manipulate their prices. In addition to the pump-and-dump scheme, sometimes the defendants reportedly engineered mergers with shell companies to create publicly traded stocks that could be manipulated.

online pharmacy symbicort with best prices today in the USA

Bharara called the scheme “securities fraud on cyber steroids.”

Beginning in 2012, in addition to disguising payments and constantly obtaining new bank accounts, the men further tried to evade detection by hacking into a company that assessed merchant risk for credit-card issuers. The breach allowed the defendants to read employees’ emails and figure out how to sidestep the company’s efforts to monitor illegal payments, according to the indictment.

The defendants are also accused of operating at least 12 illegal internet casinos, even launching cyberattacks against rival gambling businesses to review executives’ email and gain a competitive edge. Shalon hacked competitors’ customer databases and directed denial of service attacks to shut down their businesses.

Several compliance officers may soon feel the heat as well: the investigation found that, in operating the online casinos and illegal pharmaceutical payment processing enterprises, the co-conspirators deceived financial institutions into processing and authorizing payments between the casino companies and others. “They colluded with corrupt international bank officials who willfully ignored its criminal nature in order to profit from, as a co-conspirator described it to Shalon, their payment processing ‘casino/software/pharmaceutical cocktail’,” the indictment charges.

According to prosecutors, the case illustrates the growing power of criminals and their tools, and makes such crimes particularly difficult to solve. But it may also highlight one key resource to do so: self-reporting to law enforcement. Officials credited JP Morgan’s early cooperation for helping to uncover the network of criminal activity. The firm came forward early on to share information with the government, a move many forensic investigators encourage.
buy prednisone online https://galenapharm.com/pharmacy/prednisone.html no prescription

This case provides one of the clearest examples of why: hackers frequently use the same schemes to target a swath of companies in a given industry. While many companies worry about the reputational and regulatory risks of disclosing a breach to law enforcement, as hackers grow more sophisticated in their techniques and complex in their operations, it may prove an ever more critical step in the breach response and investigation process.

“Shalon, Aaron, and their co-conspirators allegedly robbed victim companies, often for months at a time, stealing the contact information of tens of millions of customers,” said FBI Assistant Director-in-Charge Diego Rodriguez. “They cloaked themselves in secrecy, but their methods rivaled those of the traditional masked robber. Today’s indictment sheds light on an increasingly complex threat. But just as criminals continue to develop relationships with one another in order to advance their objectives, the law enforcement community has developed a collaborative approach to fighting these types of crimes.”