Third parties introduce many deficiencies exploited by attackers

08 February 2010
According to Trustwave's 2010 Global Security Report, the most notable trend of 2009 was the continued existence of attack vectors despite the security industry’s awareness of the associated vulnerabilities for a decade or more. Organizations large and small were found to be moving forward with plans to implement new technology, while leaving basic security threats overlooked in legacy environments and IT systems.

The report analyzes data gathered from nearly 1900 penetration tests and more than 200 security incident and compromise investigations throughout 2009 and provides a business and technical impact analysis. The report was compiled by SpiderLabs, the advanced security team at Trustwave responsible for incident response and forensics, penetration testing, application security and security research.

A recent article in USA Today agrees with these findings, stating, “The vast majority of organizations routinely fail to take simple defensive measures, such as shoring up common website weaknesses or uniformly enforcing the use of strong passwords.”

In a striking trend, the SpiderLabs team also found that third-party vendors or their software was responsible for more than 81 percent of investigations of a security incident or compromise. It was these third parties that introduced many deficiencies exploited by the attacker, such as default vendor-supplied passwords and insecure remote access applications.

In addition to the analysis of breach investigations, SpiderLabs also published technical information on the top vulnerabilities encountered during the penetration tests performed. The most telling results were those industries that requested penetration tests were the least compromised sector.

For example, technology and business services sector clients made up 36.1 percent of the penetration tests performed in 2009, yet only 9 percent of compromise investigations. Conversely, hospitality and food and beverage clients accounted for 7.6 percent of the penetration tests performed, while this sector made up a stunning 51 percent of investigations conducted by SpiderLabs.

“It’s clear that organizations are managing current threats in a very reactive manner, rather than proactively reviewing their entire security posture and developing a plan that secures their data, systems and facilities,” says Robert J. McCullen, chairman and CEO of Trustwave. “This report will provide companies throughout the world with the actionable information on detecting the leading vulnerabilities and guidance on how to mitigate those threats and secure their organization.”

“The incidents we investigated showed that the hacking techniques used to penetrate a system were trivial – that is they are very simple attack methods that have existed for many years,” says Nicholas J. Percoco, senior vice president and head of SpiderLabs. “Yet many of these organizations never knew the vulnerabilities or the systems penetrated existed within their environment. In 2010, organizations should adjust their security plans and prioritize security risks before implementing a new strategic initiative.”

 

Latest bank and financial services security articles

 Misconfigured networks are the easiest IT resource hackers exploit

 The Return of Ransomware and Do-it-Yourself Botnets

 OmniPerception facial biometric technology can accurately identify a face without the person having to look directly into the camera

 Data protection laws are too relaxed and require revision

 Zeus financial malware targets online banking customers by exploiting Verified by Visa and MasterCard SecureCode security programs

 MITec, FAC and Ukash provide a fully integrated and secure alternative cash payments solution in Mexico

 Imperva's data security suite helps enterprises protect not only web applications and databases but file systems as well

 NVT's integrated hybrid CCTV and alarm system protects Banco de Costa Rica

 Mykonos security appliance stops IT security attacks before the damage is done

 35 percent of companies believe their Intellectual Property has been handed over to competitors

...[view more articles on bank and financial services security]...

 

Other security websites:

Bank and Finance security links

Kabul Bank Security Tight as Afghan Finance Chiefs Plan Response Armed security officers guarded Kabul Bank’s headquarters as finance officials prepared to outline steps to restore confidence in Afghanistan’s biggest private lender after reports of losses triggered withdrawals.

Security guard killed at Ingles identified Security guard killed at Ingles identified

Bank Rakyat expands Ar-Rahnu Xchanges BANK Rakyat is expanding the Ar-Rahnu Islamic pawnbroking by setting up Ar-Rahnu Xchanges at all 124 branches nationwide, says managing director Datuk Kamaruzaman Che Mat. So far, 20 Ar-Rahnu Xchanges are in operation, including 17 operated by the bank itself and three under franchise, he said. Three more Ar-Rahnu Xchanges under franchise will be run by the Wawasan Co-operative in Bandar Sunway ...

Deutsche Bank Names RBS's Kaur as Global Group Audit Head to Succeed Giles Deutsche Bank AG , Germany’s biggest bank, named Royal Bank of Scotland Group Plc’s Pam Kaur global head of group audit to succeed Andrew Giles, who will retire.

Pressure is on Palestinians' West Bank security force to stem anti-settler violence Palestinian security forces, reformed and retrained, have made a strong show of force, arresting hundreds of suspects. But human rights groups accuse them of detaining people without proper cause. Recent Palestinian attacks on West Bank settlers, which are likely to increase in response to relaunched peace talks, pose one of the biggest challenges yet to U.S.-trained Palestinian security forces ...

Security stepped up at Kabul Bank Armed police are posted outside the main branch of Kabul Bank as customers continue to withdraw money amid fears it may collapse.

Bank Muamalat Q1 net profit jumps to RM33.4m BANK Muamalat Malaysia Bhd's net profit more than doubled to RM33.4 million in the first quarter ended June 30 2010 on higher operating income and improved asset quality. The bank's pre-tax profit for the three months rose 117 per cent to RM44.8 million from RM20.7 million in the previous corresponding period. Bank Muamalat's net provisions narrowed considerably to RM16.6 million, a drop of 69 ...

directory of bank and financial security suppliers
Search directory Register your company
Bank Security books:

SEARCH NEWS
DIRECTORY
Google