Amazon Web Services’ Approach to Operational Resilience in the Financial Sector & Beyond

| March 13, 2019

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Alchemy Security, LLC

Alchemy Security was founded in order to assit clients in identifying ways to make the best business decisions about how and where to invest precious resources to minimize information security risk. This objective is best achieved by combining risk analysis, SIEM and other technologies available within the marketplace.

OTHER ARTICLES

Protecting against Cybersecurity Threats when Working from Home

Article | March 11, 2020

With the spread of the novel coronavirus (COVID-19), many organizations are requiring or permitting employees to work remotely. This post is intended to remind employers and employees that in the haste to implement widespread work-from-home strategies, data security concerns cannot be forgotten.Employers and employees alike should remain vigilant of increased cybersecurity threats, some of which specifically target remote access strategies. Unfortunately, as noted in a prior blog post, cybercriminals will not be curtailing their efforts to access valuable data during the outbreak, and in fact, will likely take advantage of some of the confusion and communication issues that might arise under the circumstances to perpetrate their schemes. Employees working from home may be accessing or transmitting company trade secrets as well as personal information of individuals. Inappropriate exposure of either type of data can lead to significant adverse consequences for a company.

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Cybersecurity: Five Key Questions The CEO Must Ask

Article | March 11, 2020

Just about every single day, somewhere in the world, a company falls victim to cyber attackers, even with millions spent on cybersecurity. Every company is a target because they have data and there are too many doors, windows and entryways for cyber attackers to get in, whether on-premise or in the cloud. It is not a question of if, but when, the attackers will get in. Prevention efforts are of course important, but since attackers will get in, equal attention must be on detection going forward. And the focus must be on early detection, otherwise, it will be too late. My book, Next Level Cybersecurity, is based on intensive reviews of the world’s largest hacks and uncovers the signals of the attackers that companies are either missing or don’t know how to detect early, apart from all of the noise. So, the attackers are slipping by the cybersecurity, staying undetected and stealing data or committing other harm. In the book I explain the Cyber Attack Chain. It is a simplified model that shows the steps that cyber attackers tend to follow in just about every single hack. There are five steps: external reconnaissance; intrusion; lateral movement; command and control; and execution. At each step, there will be signals of the attackers’ behavior and activity. But the signals in the intrusion, lateral movement and command and control steps provide the greatest value because they are timely. The external reconnaissance step is very early and the signals may not materialize into an attack, while detecting signals in the execution step is too late because by this time the data theft or harm will have already occurred. My research uncovered 15 major signals in the intrusion, lateral movement and command and control steps that should be the focus of detection. My research of the world’s largest hacks reveals that if the company had detected signals of the attackers early, in the intrusion, lateral movement or command and control steps, they would have been able to stop the hack and prevent the loss or damage. My book shows how to detect the signals in time, using a seven-step early detection method. One of the key steps in this method is to map relevant signals to the Crown Jewels (crucial data, IP or other assets). It is a great use case for machine learning and AI. There is a lot of noise, so machine learning and AI can help eliminate false positives and expose the attackers’ signals early to stop the hack. There are two blind spots that just about every single company world-wide faces that cyber attackers will exploit, beginning in 2019, that companies must get on top of. One blind spot is the cloud. There is a false sense of comfort and lack of attention to detection, thinking the cloud is safer because of the cloud provider’s cybersecurity or because the cloud provider has an out-of-the-box monitoring system. However, if the company fails to identify all Crown Jewels and map all relevant cyber attacker signals for the monitoring, the attackers will get in, remain undetected and steal data or commit other harm in the cloud. The other blind spot is Internet of Things (IoT). IoT devices (e.g. smart TVs, webcams, routers, sensors, etc.), with 5G on the way, will be ubiquitous in companies world-wide. While IoT devices provide many benefits, they are a weak link in the chain due to poor built-in security and lack of monitoring. Cyber attackers will focus on IoT devices to make the intrusion, then pivot to get to the Crown Jewels. Detecting early signals of cyber attackers trying to exploit IoT devices will be critical. Companies world-wide need to make cybersecurity a priority, starting in the board room and with the CEO. It all starts at the top. My intensive reviews of the world’s largest hacks reveal in each case a common theme: inadequate or missing CEO and board cybersecurity oversight. Here are five key questions from my book that the CEO must take the lead on and together with the board ask of the management team to make sure the company will not become the next victim of cyber attackers and suffer significant financial and reputational harm: Have we identified all of our Crown Jewels and are not missing any? Do we know where all of the Crown Jewels are located? Have we identified all of the ways cyber attackers could get to the Crown Jewels? Have we mapped high probability signals of cyber attackers trying to get to the Crown Jewels with each Crown Jewel? Are we sifting through all of the noise to detect signals early and reporting to the CEO and the board in a dashboard report for timely oversight? If your answer is No to any of the questions or you are unsure, you have a gap or blind spot and are at risk, and you must follow up to get to a high confidence Yes answer. In my book, Next Level Cybersecurity, I provide other key questions to ask and a practical seven-step method to take cybersecurity to the next level to stay one step ahead of the attackers. It is written in plain language for boards, executives and management, so everyone can get on the same page and together mitigate one of the most significant and disruptive risks faced today, cybersecurity.

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Cybersecurity in the Time of COVID-19

Article | March 11, 2020

A decade ago, Stuxnet pulled me into the accelerating, widening gyre of cybersecurity. I began to devote less time to global health, a topic on which I spent the previous decade developing familiarity and producing a large carbon footprint. I would frown when cybersecurity analysis borrowed concepts from public health, thinking, “if they only knew the life-and-death troubles that health practitioners face implementing those concepts.” Cybersecurity and public health are different challenges. Yet, the COVID-19 pandemic has cybersecurity relevance because it has generated sobering reminders of long-standing problems, unresolved controversies, and unheeded warnings that continue to characterize U.S. cybersecurity.

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Covid-19 cyber security threat to impact businesses

Article | March 11, 2020

With millions of employees having to work from home, companies are having to look at how to keep as many business-critical functions running as possible while at the same time maintaining adequate security. “In the last week alone, we have seen phishing emails go from 25,000 a day to 125,000 – a 500 per cent increase – which means the risk is real," explains Andrew Jackson, CEO of Intercity Technology. "Whilst firewalls included within domestic broadband routers are considered sufficient for personal use and occasional homeworking, they’re not necessarily capable of withstanding prolonged periods of remote working from a large proportion of the workforce, which is why we are seeing more businesses and their employees become the targets of malicious hackers. "Just because employees are now home based doesn’t mean that security and privacy regulations such as GDPR are null and void and therefore, working closely with a trusted IT security partner is vital to help mitigate against any potential risks.

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Spotlight

Alchemy Security, LLC

Alchemy Security was founded in order to assit clients in identifying ways to make the best business decisions about how and where to invest precious resources to minimize information security risk. This objective is best achieved by combining risk analysis, SIEM and other technologies available within the marketplace.

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