Despite spending billions on cybersecurity solutions, private industry, government and enterprises alike are faced with the continued challenge of preventing data breaches. The reason cybersecurity solutions have not mitigated this problem is that the overwhelming majority of data exposure incidents are due to misconfigurations, typically by way of third-party vendors, not cutting-edge cyber attacks. These misconfigurations are the result of process errors during data handling, and often leave massive datasets completely exposed to the internet for anyone to stumble across.
Essential to enterprise security, or a waste of time? Security professionals' opinions regarding penetration testing (pen testing) seem to fall squarely on either side of the spectrum, but—as with most IT practices—its efficacy depends on application and scope. And while pen testing alone is never enough to prevent data breaches from occurring, information gleaned from such efforts nonetheless play a critical role in bolstering a firm's continuous security mechanisms.
Your medical records live in a database or file system on servers somewhere, on someone’s network, with someone’s security protecting them. A recent PBS article about cyber security in the healthcare industry reports that over 113 million medical records were compromised in 2015. Medical records, perhaps even more than financial data, are the epitome of sensitive, private data, yet the healthcare industry has reported breach after breach, with over a dozen separate breaches already logged in March of this year.
If you're one of its 140 million cardholders around the globe, American Express wants you to know that your data is safe. The data breach recently announced by the U.S.' second largest credit card network reportedly involved a partner merchant and not Amex itself. However, if you're one of the customers whose credit card and personal information was stolen, the difference is negligible.
The answer is simple: because it's highly profitable. Credit card numbers are still the best we've got for transacting digitally and health records are 10 times more valuable on the black market. And despite efforts from the infosec community at large, cybercrime continues to increase in frequency and severity. The more important and difficult question is not why, but how—that is, how can companies not just survive, but thrive in a landscape of digital threats?
In what is being described as a landmark case, Nevada-based casino operator Affinity Gaming is suing cybersecurity firm Trustwave for inadequately investigating and containing a 2014 data breach. The lawsuit not only marks the first time a security firm is sued over post-breach remediation efforts—it also highlights the complexities around managing cyber risk for high risk organizations in today's threat landscape.
2015 may have come and gone, but the effects of last year's data breaches are far-reaching—for both millions of consumers and internet users as well as the companies and organizations whose systems were breached. Such events are no less devastating in terms of brand damage, and 2016 will undoubtedly bring forth a heightened collective security awareness in both organizations as well as consumers.
It's been barely a month since the VTech data breach resulted in the theft of over 6.4 million children's records, and yet another massive compromise affecting kids' data privacy is upon us—this time involving venerable children's toy and accessory brand Sanrio (of Hello Kitty fame). The data leak resulted in the exposure of details from more than 3 million user accounts: first/last names, birth dates, genders, countries, and email addresses, all openly available to the public. With children becoming prime targets for cyber criminals seeking low hanging fruit, companies that deal with and manage minors' data are increasingly under pressure to bolster their security controls and practices.
In a news flash buried beneath a slew of other notable security news items, UCLA Health revealed last week it was the victim of a massive data breach that left 4.5 million patient records compromised. Like previous attacks on Anthem and Premera Blue Cross, the intrusion gave hackers access to highly sensitive information: patient names, addresses, date of births, social security numbers, medical conditions, and more. And while matters around healthcare IT have taken center stage as of late, the ineffective security at leading institutions of higher education and research is equally distressing.
For those of you harboring secrets behind a website paywall, a word of warning: your skeletons are now easy targets for cyber criminals and nefarious 3rd parties around the globe. The recent data breach and compromise of 3.5 million Ashley Madison user accounts may turn out to be largest case of broad-scale extortion the world has ever seen, but for many—the outcome is hardly surprising.
Every year, Verizon compiles data from a list of prominent contributors for its annual report highlighting trends and statistics around data breaches and intrusions from the past year. The 70-page Data Breach Investigations Report (DBIR) covers a myriad of data points related to victim demographics, breach trends, attack types, and more. Reviewing these shifting security trends can give indications as to how well-postured one’s organization is against future threats. And just in case you’ve got your hands full patching server vulnerabilities, we’ve done the legwork of expanding on a few critical key points from the report.
Cyber resilience is a fundamental change in understanding and accepting the true relationship between technology and risk. IT risk (or cyber risk, if you prefer) is actually business risk, and always has been. And the cybersecurity industry, for what it's worth, has generally avoided this concept because it goes against the narrative that their respective offerings—whether it's a firewall, IDS, monitoring tool, or otherwise—would be the one-size-fits-all silver bullet that can keep businesses safe. But reality tells a different story.