1. Topic and Title
Security failures and preventive measures
2. Summary of the Case
Dewar Chemical is a huge firm with massive line of products and equally growing number of customers. One customer recently called to say that his credit card information had been compromised. This was alarming to the company which has several protocols in place for protection of customer information. This company is shown to be growing fast and is becoming highly dependent on IT systems to provide security to its customers who use online website to make purchases.
After the problem was reported, the CEO of the company called in a meeting to discuss this issue with their CIO Chief Information Officer in order to brainstorm and ensure that system was completely protected, checked the system again. He found that while the system had some fitrewalls in place but it was true that information had leaked out and this could be due to the presence of viruses sent by an attacker.
Someone at the firm suggested that the solution to this issue is not pertaining to computer security only but is rather more related to the information security process, for which an entire risk management program needs to be executed. He brought in an entire proposal plan to the CEO which was approved by their audit meeting. This led to a successful installation of information security software.
Problems faced:
The Dewar chemical Company, during the attack from the worm, faced the following problems:
The breach in
Most of the parts of the assets affected include the computer's software and networks used by the company. This incident was detected in the month of February and as part of the Anthem, Inc. responsibility a formal warning was given right after detecting a possible breach to our software and network, but the hackers had already accessed some of our data.
The biggest security flaw of this breach was the lack of concern by the security team regarding the vulnerability that was detected by the malware detection software. The company, FireEye, had installed the $1.6 million malware detection tool, notified the Target security team of a possible breach of data on November 30, 2013, only three days after the malware software had begun to collect customer data. This had allowed the Target security team enough time to begin to research
Michael’s Store, Inc. is an arts & crafts Retail chain. It has more than 1040 stores located in 49 US states & Canada. The company also owns and operates the Aaron brother’s retail chain, which happens to have an additional 115 stores across the Country. Michael’s store Inc. had a Security breach, which took place between May 8, 2013 and January 27, 2014. About 2.6 million cards or about 7 percent of payment cards used at its stores during the period were affected. Alarmingly, its subsidiary Aaron brothers also had been breached between June 26, 2013 and February 27, 2014. It was reported that Aaron brothers had 400,000 cards impacted. The duration of the treacherous attack in total was 8 months (Schwartz, 2014). In this report, security breach of Michael’s store Inc. is analyzed. The topics covered are how the breach occurred, what did the authorities do to educate the customers & how in future such attacks can be avoided.
Information technology can be very costly, and it is imperative for organizations not to overspend when it comes to their IT budget. However, it is vital for organizations to understand the risks associated with information technology. As we saw in the TJX case, TJX’s senior management did not update their systems and had very little IT knowledge. This led to multiple risks involving several security breaches which could have been contained by improving their information systems more efficiently. It is not just developing and implementing information technology; it is also understanding risks and formulating solutions to issues associated with IT. In Adventures of an IT Leader, Barton faced many challenges when it came to the budget of IVK. He assumed full responsibility for all the risks associated with the technology used and the IT budget. When the power shut off at IVK, Barton was faced with many challenges including possible customer records compromised, IVK’s systems infected, and deciphering solutions to secure the system. Barton suggested that IVK shut down operations to build a new and secure system to ensure IVK’s systems could identify where the infection originated and repairing the system for future
Some reasons why it probably happened were; they had lack in resources to carry out the security and privacy. Another thing was that the privacy and security was subset of corporate compliance and of information technology. Another thing that she identified
At this time the measures available to ensure information security include organizational controls such as limiting access to data, firewalls, antivirus systems, encryption, and application controls. When the security of the business fails and the private information of individuals is compromised the company faces many legal actions that can
Moreover, now days using information system is not as walking as in the park, it has many new security treats that the company might lose their confidential data, financial and personal information.
While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain
The CEO and the board are responsible for “good business judgment” in guarding against the threat. So Paul’s first mistake was to dismiss the original e-mail message. All IT threats should be taken seriously, and he would have let Jacob Dale know about no IT system is “bulletproof.” Sunnylake should have had a workable, fully tested backup system to ensure uninterrupted patient service and protect everyone affected. Doctors and nurses are trained to diagnose, problem solve, and dynamically treat their patients. IT systems facilitate, but are not substitutes for, patient treatment. The fact that the hospital did not have up-to-date security software installed, or a reliable security outsourcer and an emergency plan in place, is inexcusable.
Like any business we are susceptible to attacks and because of this we must protect what is ours and make sure bad guys cannot penetrate our network. Knowing this there has been a scan completed throughout the front-end public facing network and the internal network. This scan was completed to find the vulnerabilities ourselves. Bad guys have similar tools and can even use other techniques to find this information. There needs to be actions taken right away to ensure that these vulnerabilities get fixed so that the network can be safer that it presently is.
Grainger’s E- Commerce website had faced a cyber attack earlier this year, E-Commerce application generally forgo their business on customer trust, due to continuous attacks of intruders, hackers and security issues in the website itself are causing customers to lose trust on Internet for business. All the attacks are generally occurred at the local Internet end point rather than the "backbone". To counter the attacks both user and system administrator awareness is essential (Randy C. Marchany, 2002, p.2). There are several E-commerce security components to protect the customer integrity and confidentiality. In order to grow successful in current world, E-commerce application should
Safety of information is the most valuable asset in any organization particular those who provide financial service to others. Threats can come from a variety of sources such as human threats, natural disasters and technical threats. By identifying the potential threats to the network, security measure can be taken to combat these threats, eliminate them or reduce the likelihood and impact if they should occur.
In order to effectively implement security governance, the Corporate Governance Task Force (CGTF) recommends that organizations follow an established framework, such as the IDEAL framework from the Carnegie Mellon University Software Engineering Institute. This framework, which is described in the document “Information Security Governance: Call to Action,” defines the responsibilities of (1) the board of directors or trustees, (2) the senior organizational executive (i.e., CEO), (3) executive team members, (4) senior managers, and (5) all employees and users. This important document can be found at the Information Systems Audit and Control Association (ISACA) Web site at www.isaca.org/ContentManagement/ContentDisplay.cfm?ContentID=34997.
E-commerce has become most preferred and most convenient way of doing business in the 21st century. The popularity of e-commerce has gone viral in the last couple of decades and everyone thinks of nothing else besides e-commerce. Buying and selling goods and services online have, indeed, revolutionized commerce and the way of doing business. The great benefits of e-commerce have come with lots of security challenges, especially security that pertains personal information. E-commerce exhibits one of the major security concerns to the customers through their daily transactions of purchases and payments to the same. Currently, security and privacy and security are a key concern for most electronic technologies. Essentially, applications of web e-commerce that handle payments as electronic transactions and online banking or using credit cards, debit cards and PayPal among others are more susceptible to high risks of security concerns. Further, customers are exposed to Trojan horse programs, which can subvert or bypass the basic authorization and authentication mechanisms that are employed in the transactions of e-commerce. Impersonation and identity theft are other security issues with e-commerce that should concern both e-commerce providers and clients. The increased popularity of e-commerce and online business, and payment transaction has led to the emergence of security concerns, especially those that are concerned with personal information, and which require well designed
Apart from the admirable functionality of the site, users should always be concerned about the security issues of the system. The massive increase in the drift of e-Commerce has led to a new generation of associated security threats and thus, the site focuses on major security issues like-