If your organization handles credit cards, you are no doubt familiar with Payment Card Industry Data Security Standard (PCI DSS) compliance. PCI DSS is a set of requirements and procedures that have been established in order to strengthen security of cardholder transactions and data in order to reduce fraud. PCI DSS controls have been implemented for many years but as hackers have advanced their efforts, new requirements continue to emerge with updates to existing controls and reporting.
Dealing with account lockouts is one of the unhappy facts of life for many IT teams. And while resolving lockouts isn’t particularly difficult, it is the sheer volume of incidents that often weighs down IT teams. In fact a recent survey found that ⅓ of IT and Support tickets are tied to password resets and account lockouts.
The New York State Department of Financial Services (NYDFS) has recently enacted new cybersecurity regulation aimed at protecting financial services organizations and their data. The new regulation known as 23 NYCRR 500 actually went into effect earlier in the year, but the 180-day transition period ended on August 28th, meaning organizations now need to be officially in compliance. Of course financial services CISOs are no strangers to regulation, having to already comply with a dizzying array of control frameworks including NIST, COBIT, SSAE and specific regulations such as PCI-DSS and SEC OCIE just to name a few.
In a recent blog, we discussed how attackers typically follow the path of least resistance. In enterprises, this almost always involves seeking out weak passwords. Data from Verizon’s Data Breach investigation Report certainly bears this out, where they found that nearly 2/3s of breaches involved the use of weak, default, or stolen credentials. As much as the industry likes to focus on nation-state attackers and obscure 0-days, the fact remains that most battles are lost due to a lack of basic password hygiene in the network.
While a 2017 Harvey Nash/KPMG survey of nearly 4,500 CIOs and tech leaders globally found that cyber security vulnerability is at an all-time high, the biggest jump in threats came from insider attacks which increased from 40 percent to 47 percent over the last year. And that’s a modest estimate; reports from an IBM Security survey suggested that 60 percent of all attacks were carried out by insiders. Of these attacks, three-quarters involved malicious intent, and one-quarter involved inadvertent actors.
The risks to employees and organizations from stolen or compromised credentials and information are well-known. And with hackers and insiders becoming more advanced and sophisticated in their techniques the global threat is increasing. At a recent IT security forum, I was speaking with a customer about an Alert (TA16-250A) that the United States Computer Emergency Readiness Team (US-CERT) released on “The Increasing Threat to Network Infrastructure Devices and Recommended Mitigations” and how User and Entity Behavior Analytics (UEBA)can help address some of their recommendations.