No doubt every credit union will have heard of the Automated Cybersecurity Examination Tool (ACET). It’s the latest compliance requirement aiming to provide a repeatable, measurable and transparent process that improves and standardizes supervision related to cybersecurity in all federally insured credit unions. A Cybersecurity Agency delivering Security-as-a-Service can help credit unions with the people and repeatable process to meet ACET requirements.
How to Protect Against Credential Stuffing Attacks
It’s impossible to miss the reports of massive, high-profile data breaches. Adobe, Ancestry, Bitly, Comcast, Dropbox, Equifax, Google+, Marriott Starwood, T-Mobile, Ticketfly, LinkedIn, Yahoo and many other companies have leaked massive amounts of personal information, such as user names and passwords. But you may not be aware of what happens to this data after it’s been stolen.
Cybercriminals often purchase stolen data on the Dark Web. For example, on February 17, 2019, a hacker going by the name Gnosticplayers put eight hacked databases containing data for 92.75 million users on sale for 2.6249 bitcoins (about $9,300) on the Dark Web Marketplace known as Dream Market. Previously, the same hacker had posted a batch of 16 databases containing data for 620 million users and another batch of eight databases with data from 127 million users.
How Security-as-a-Service gives you a leg up in developing a comprehensive cybersecurity plan
If you’re one of the thousands of banks, mortgage companies, insurers and other financial service firms that do business in the state of New York, your deadline to complete the final phase of compliance with the New York Department of Financial Services (NYDFS) Cybersecurity Regulation is upon you.
On March 1, 2019, you are required to ensure that third-parties who access your customers’ private data have security protections in place. This measure comes on the heels of three previous sets of requirements, rolled out in phases beginning in March of 2017, designed to address today’s increasingly sophisticated cybersecurity threats.
We’ve seen all too often that the cause of the major breaches we see in the news is failure by the organization to patch a software vulnerability for which a patch has long been available. As a result, more and more organizations are looking for solutions that help make the process of identifying and deploying patches easier and more automated. If you’re looking for a solution for patch management, here are four things to consider:
With Black Hat USA 2018 coming up in a few short weeks, it seems like a good time to unpack the results of their 2018 USA Attendance Survey. The survey was distributed to anyone who either attended the 2017 conference or expressed interest in visiting the 2018 session. The report covers topics from updated office policies on Facebook use to approval of President Trump, and these are what we at Cygilant thought were the most important. We are most interested to know how information security professionals are spending their time and what they’re not looking forward to combating in the next year.
A report from Gartner announced this week on DarkReading found that nearly one out of three companies don’t have on-staff cybersecurity expertise. Gartner research director Rob McMillan and principal research analyst Sam Olyaei compiled the 2018 CIO Agenda Survey from over 3,000 respondents the article said. And while more organizations have cybersecurity staff than previous years, one third are still lacking a dedicated resource.
By now, you’ve likely heard that the next wireless security protocol has been announced by the Wi-Fi Alliance. WPA3, builds on previous Wi-fi Protected access standards and is designed to address issues with encryption in the previous standard (such as the KRACK exploit on WPA2 revealed late last year). The new standard will utilize 192-bitencrpytion and Opportunistic Wireless Encryption (OWE) which will ensure communications between router and device each use their own encryption keys, rather than sharing data. There are also new protections against dictionary attacks. The standard is not likely to be broadly adopted until 2019 and may require new hardware if updated firmware is not issued for existing devices.
The Federal Financial Institutions Examination Council (FFIEC) provides cybersecurity standards and auditing for financial institutions and regulatory bodies including: The Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB).
When resources are unlimited, you can afford wasteful spending. But for most organizations with limited IT budgets and too few staff, it’s important to invest your security spend wisely. This means finding the ways to stretch your dollar further and get better value out of your investments. You can’t afford to waste money on solutions that are never deployed or require staff you don’t have to manage.