technology audits -
As a former bank examiner
with over 40 years IT audit experience, I will bring an examiner's
perspective to the FFIEC information technology audit for bankers in
Texas, New Mexico, Colorado, and Oklahoma. For more information go
On-site FFIEC IT Audits.
- Two-thirds of orgs have suffered supply chain attacks despite
defenses - /A recent study found two thirds of organizations are hit
by supply chain attacks despite having defense strategies in place.
Game of Thrones hacker and dam hacker make FBI most wanted
cybercriminals list - The threat actor who hacked and held unaired
Game of Thrones episodes for ransom is landed himself a spot on the
FBI's 41 most-wanted cybercriminals list with the likes of the dam
hacker and several other state-sponsored actors.
Federal Judge scolds FBI agent for improper stingray use - A federal
judge in San Francisco scolded an FBI agent for the improper use of
a stingray as well as an improper cellphone search stemming from
warrants signed by the wrong type of judge.
U.S. energy regulator wants more disclosure of cyber attacks - The
U.S. government on Thursday asked power generators to disclose more
information about cyber attacks amid growing concern that foreign
hackers could disrupt the electric grid.
Attackers concealing malware in images uploaded to Google servers -
Cybercriminals are putting a new spin on the old trick of hiding
malware code in Exchangeable Image File Format (EXIF) data.
Recently, attackers were observed using this technique in image
files, rather than text files, and uploading them to
NIST developing guidelines on mobile app testing and vetting - The
National Institute of Standards and Technology (NIST) has issued a
revised draft and a call for public comment for Special Publication
800-163 Vetting the Security of Mobile Applications that is designed
to give organizations basic guidance on app security.
Robo-drop: Factory bot biz 'leaks' automakers' secrets onto the web
- Assembly line 'droid builder latest to be accused of leaving rsync
wide open on the internet - Yet another organization has allegedly
been caught accidentally exposing more than 100GB of sensitive
corporate data to the open internet.
Bank Hackers Exploit Outdated Router to Steal $1 Million - Hackers
stole at least $920,000 from Russia's PIR Bank after they
successfully compromised an outdated, unsupported Cisco router at a
bank branch office and used it to tunnel into the bank's local
ATTACKS, INTRUSIONS, DATA THEFT & LOSS
- Suspicious network activity could be symptom of breach at
diagnostics firm LabCorp - Clinical medical diagnostics company
LabCorp took some of its systems offline following suspicious
network activity that could possibly indicate a serious breach of
sensitive medical information.
HR firm ComplyRight breached compromising PII - Cloud-based human
resources company ComplyRight fell victim to a data breach which
compromised customer information.
Hackers access personal data of 1.5 million SingHealth patients,
including Singapore's prime minister - Singapore's largest health
care group, SingHealth, acknowledged today that attackers
infiltrated a company database and copied information belonging to
roughly 1.5 million patients, including the country's prime minster,
Lee Hsien Loong.
Ransomware-based breach of Alaskan medical billing vendor impacts
Fairbanks municipality - A data breach and corresponding ransomware
attack at an Alaskan medical billing company that compromised the
health information of roughly 44,600 people counteed a
Fairbanks-based government municipality among its victims.
Southern Baptist Convention IMB suffers data breach - The Southern
Baptist Convention's (SBC) International Mission Board suffered a
data breach earlier this year exposing the personally identifiable
information on its current and former employees, volunteers and
Blacksburg bank loses $2.4 million after two phishing attacks - Bank
robbers often stick up the same bank twice, but a recent lawsuit
between a Virginia bank and its insurer revealed the bank lost $2.4
million when staffers twice fell for phishing attacks resulting in
illegal ATM withdrawals.
Singapore securities investor database breached in 2013 - Less than
a week after SingHealth announced the nation's largest breach in
which the data of 1.5 million patients was compromised, the
Securities Investors Association (Singapore) or Sias announced it
too has suffered a breach.
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of the newsletter
WEB SITE COMPLIANCE -
Flood Disaster Protection Act
The regulation implementing the National Flood Insurance Program
requires a financial institution to notify a prospective borrower
and the servicer that the structure securing the loan is located or
to be located in a special flood hazard area. The regulation also
requires a notice of the servicer's identity be delivered to the
insurance provider. While the regulation addresses electronic
delivery to the servicer and to the insurance provider, it does not
address electronic delivery of the notice to the borrower.
the top of the newsletter
FFIEC IT SECURITY -
We continue our series on the FFIEC
interagency Information Security Booklet. This booklet is
required reading for anyone involved in information systems
security, such as the Network Administrator, Information Security
Officer, members of the IS Steering Committee, and most important
your outsourced network security consultants. Your outsourced
network security consultants can receive the "Internet Banking News"
by completing the subscription for at
https://yennik.com/newletter_page.htm. There is no charge for
ROLES AND RESPONSIBILITIES (1 of 2)
Information security is the responsibility of everyone at the
institution, as well as the institution's service providers and
contractors. The board, management, and employees all have different
roles in developing and implementing an effective security process.
The board of directors is responsible for overseeing the
development, implementation, and maintenance of the institution's
information security program. Oversight requires the board to
provide management with guidance and receive reports on the
effectiveness of management's response. The board should approve
written information security policies and the information security
program at least annually. The board should provide management with
its expectations and requirements for:
1) Central oversight and coordination,
2) Areas of responsibility,
3) Risk measurement,
4) Monitoring and testing,
5) Reporting, and
6) Acceptable residual risk.
Senior management's attitude towards security affects the entire
organization's commitment to security. For example, the failure of a
financial institution president to comply with security policies
could undermine the entire organization's commitment to security.
Senior management should designate one or more individuals as
information security officers. Security officers should be
responsible and accountable for security administration. At a
minimum, they should directly manage or oversee risk assessment,
development of policies, standards, and procedures, testing, and
security reporting processes. Security officers should have the
authority to respond to a security event by ordering emergency
actions to protect the financial institution and its customers from
an imminent loss of information or value. They should have
sufficient knowledge, background, and training, as well as an
organizational position, to enable them to perform their assigned
Return to the top of
NATIONAL INSTITUTE OF STANDARDS
AND TECHNOLOGY -
the series on the National Institute of Standards and Technology
Chapter 17 - LOGICAL ACCESS CONTROL
Access to particular system resources may also be based upon
physical or logical location. For example, in a prison, all users in
areas to which prisoners are physically permitted may be limited to
read-only access. Changing or deleting is limited to areas to which
prisoners are denied physical access. The same authorized users
(e.g., prison guards) would operate under significantly different
logical access controls, depending upon their physical location.
Similarly, users can be restricted based upon network addresses
(e.g., users from sites within a given organization may be permitted
greater access than those from outside).
Time-of-day or day-of-week restrictions are common limitations on
access. For example, use of confidential personnel files may be
allowed only during normal working hours -- and maybe denied before
8:00 a.m. and after 6:00 p.m. and all day during weekends and
Another approach to access control can be used by organizations
handling transactions (e.g., account inquiries). Phone calls may
first be answered by a computer that requests that callers key in
their account number and perhaps a PIN. Some routine transactions
can then be made directly, but more complex ones may require human
intervention. In such cases, the computer, which already knows the
account number, can grant a clerk, for example, access to a
particular account for the duration of the transaction. When
completed, the access authorization is terminated. This means that
users have no choice in which accounts they have access to, and can
reduce the potential for mischief. It also eliminates employee
browsing of accounts (e.g., those of celebrities or their neighbors)
and can thereby heighten privacy.
17.1.6 Service Constraints
Service constraints refer to those restrictions that depend upon
the parameters that may arise during use of the application or that
are preestablished by the resource owner/manager. For example, a
particular software package may only be licensed by the organization
for five users at a time. Access would be denied for a sixth user,
even if the user were otherwise authorized to use the application.
Another type of service constraint is based upon application content
or numerical thresholds. For example, an ATM machine may restrict
transfers of money between accounts to certain dollar limits or may
limit maximum ATM withdrawals to $500 per day. Access may also be
selectively permitted based on the type of service requested. For
example, users of computers on a network may be permitted to
exchange electronic mail but may not be allowed to log in to each