Cyber Security Incidents And Security Violations

The trusted computing base (TCB) internal network in the Global Finance, Inc. Network Diagram hosts the company’s mission critical systems without which the company’s operations and financial situation would suffer. The Oracle database and email systems are among the most intensively used application servers in the company. As we know, GFI cannot afford system outages because its cash flow and financial systems heavily depend on the network stability. GFI has experienced DOS network attacks twice this year and its Oracle database and email servers had been down for a week. The recovery process required GFI to use $25,000 to restore its operations back to normal. GFI estimated the loss from these network attacks at more than $100,000 including lost customer confidence.

During this course there have been a number of key learning points that would help every organization protect itself from a cyber-event. These include password management, patch management, security policies, encryption, and user training. In each of the cyber security breaches one or more of these standard security protocols were not used.

The world of cyber security continues to introduce new threats each year against network infrastructures and computer devices. In the recent years, the impact from cyber-attacks has wreaked havoc on many company brands and organizational reputations. As this issue grows so does the technology to prevent and protect against these malicious attacks. It is absolutely crucial for organizations and businesses to shift focus from defense for different types of attacks to improving safeguards to mitigate the loss of sensitive data when an attack occurs. In addition to the traditional security technology used to detect an attack, companies will have to include

Just like every other organization, Adius, LLC relies on information technology to manage their information, processes, and assets in order to thrive, conduct their business efficiently, and deliver their services effectively. However, no organization is immune from cyber-attacks and threats. In fact, cyber-attacks and threats have been increasing exponentially during the past few years. Having outdated and irrelevant cybersecurity procedures, policies and practices places organizations in greater vulnerabilities and risks. For this reason, cybersecurity procedures, policies and practices in place must be in line and be more relevant to the security needs of Adius, LLC.

Under the new Appendix J’s Business Continuity Plan (BCP) cyber resilience guidelines, credit unions and their third-party service providers need to consider and incorporate the potential impact of a cyber-event. FFIEC notes five categories of cyber risks credit unions and their third-party service providers will need to address when updating their BCPs: 1) malware, 2) insider threats, 3) data or systems destruction and corruption, 4) communication infrastructure disruption, 5) and simultaneous attack on financial institutions and technology service providers. Below is a brief description of the five categories and FFIEC’s recommendations:

The bank’s information security posture needs improvement base based on the number of deficiencies detailed thought this ROE. However, to management credit and to further strengthen the security process, on November 21, 2017, management decided to outsource the Chief Information Security Officer (CISO) position with a qualified IT security firm. Management contracted GRC Solutions to act as the bank’s CISO. Mr. Frank Getter, Senior Consultant at GRC Solutions will perform the functions as the new CISO. Mr. Getter is a Certified Information System Security Professional (CISSP) with over twenty years of experience in the information technology management, operations and information security field. Mr. Getter appears to have the necessary

The incident response process is made up of several phases starting from initial preparation through post incident analysis. During the initial preparation stage, the organization also attempts to limit the number of incidents that might occur by selecting and implementing a set of controls based on the results of risk assessments. The detection of security breaches is very necessary to alert the organization whenever incidents occur. The organization can act to mitigate the impact of the incident by containing it and ultimately

Following is a summary of the security breach at Corporation Techs. As soon as the breach was detected the firewall logs were reviewed and confirmation of the security breach was documented. The IT group had a meeting to administrator the corrective action. The incident was isolated and then the damaged was assessed. The goals of the incident response were to minimize downtime, minimize loss, and restore the environment back to a secured normal state as quickly as possible. We followed six primary steps to conclude. The steps included,

In the event of data corruption or physical breach of ABC Healthcare, there will still be an untouched backup of ABC Healthcare’s data. If a virus or worm attacks ABC Healthcare’s network, the offsite backups will be used to restore the network to a point before the network was breached. ABC Healthcare’s SIEM, IDS, IPS will be used to hopefully notify the IT department of any incidents in a timely manner. In any case, for any possible incident we must develop and Incident Response (IR) plan. The Computer Security Incident Handling Guide has been developed by the National Institute of Standards and Technology (NIST) to be the foundation on which an IR should be developed. In accordance with NIST, an IT department should develop a plan by developing plan to ensure that that plan is executed in its entirety. Communication guidelines should be established for internal and external communications, essential team members should be identified, establishing what services the IR team will be responsible for, and exactly how the IR team will be trained to respond to an attack, failure, or accident (Cichonski, Millar, Grance, & Scarfone, 2012). NIST recommends developing IRs for common attack vectors such as viruses or worms that target private health

By using the recommended security strategies, an alternative outcome demonstrates how they may have stopped or mitigated the attack. A risk-based method to security would have involved examining threats and weaknesses for all systems on a routine basis to control high-risk systems. Prioritizing threats would have helped establish which Critical Controls to implement first based on probable harm to the business. Risk analysis would have assisted the company establish which Critical Controls to apply first. Use of the Critical Controls to implement a stronger Defense in Depth strategy may have blocked the cybercriminals at different points before they reached the credit card data. Even if Target had not used every single control listed, one or

Blue Moon Financial (BMF) is a large financial services firm that has recently started to understand the value of protecting the organizations network resources, largely in response to a recent rash of network intrusions that have victimized other firms within the industry. BMF has allocated additional funds for the acquisition of technical resources and additional training for technicians in order to help mitigate any breaches that may significantly impact the sustainability of the company and services provided to its clients. As the Senior Security Analyst at BMF I am awaken one night by a phone call from a technician who

Greiblock Credit Union (GCU) financial firm should always test and update software regularly, and perform, backup to all systems. It’s imperative the organization expands on new tools that are able to acquire different devices. Different cases and incidents should be handled accordingly as they arise, or a prediction of what may occur in the future. Greiblock Credit Union (GCU) financial firm should be prepared and innovative in the technology world and cyber security environment, so that they can mitigate risk, and reduce the reoccurring issues and fraud. Greiblock Credit Union (GCU) financial firm should maintain databases for file hashes OS and application deployments along with maintaining

Blue Moon Financial (BMF) is a large financial services firm. Recently, its information security team has been working in an elevated status to protect BMF from a recent increase in network intrusions suffered by other financial services firms. Unfortunately, even though senior management recognizes the threats posed by cyber incidents, they have not provided the senior security analyst with a high enough budget to retain experienced information security technicians; as a result, the current security team is inexperienced. Additionally, an incident response plan has not been implemented, but is currently being developed.

Cybersecurity is an ever growing concern in the United States. It not only effects consumers, it effects the business industry as well. The small business sector is especially impacted by not only those who hack into their business accounts, they are also impacted by the institutions where they bank.

Day in day out, security threat is on the increase, and the need to provide adequate security for every organizations becomes more important than ever before. Of course, no one expects security attacks, but due to the way things are happening in today’s world, having a qualified team of incident handling would be of great importance. Typically, incident handling process can mean the difference between total disaster and complete recovery. For easy understanding and to avoid complications, we have simplified this article to the extent that everyone can read and understand the content.