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Cyber Crime Trends. The New Landscape. Deperimeterisation Social Media: Miracle or Menace? Where is my data? The Rise of the Targeted attack. www.criticalid.net. Types of Cyber Attacks. www.criticalid.net. 2013 Data Breach Investigations Report. - PowerPoint PPT Presentation
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The New Landscape• Deperimeterisation
• Social Media:Miracle or Menace?
• Where is my data?
The Rise of the Targeted attack
www.criticalid.net
Types of Cyber Attacks
www.criticalid.net
Nuisance Economic Espionage
Organised Crime
Hacktivists
Objective Launch Points,
nuisance
Economic Advantage, theft of IP
Financial Gain Defamation, Publicity
Example Botnet, Spam Advance Persistent
Threat
Credit Card Theft
Anonymous
Targeted X √ √ √Persistent X √ √ X
2013 Data Breach Investigations Report
http://www.verizonenterprise.com/DBIR/2013/
www.criticalid.net
2013 Data Breach Investigations Report
http://www.verizonenterprise.com/DBIR/2013/
www.criticalid.net
Who wants my data?
www.criticalid.net
Unit 61398 of the People’s Liberation Army, tasked with ”computer network operations”.
19th February 2013: APT1: Exposing One of China's Cyber Espionage Units
the volume and sophistication of the attacks so intense that they threaten the fundamental relationship between Washington and Beijing.
Mandiant tracked Comment Crew for 6yrs identifying 141 attacks called APT 1
3000 indicators (domain, IP, MD5) to identify attack source all led to Pudong district of Shanghai, outside HQ of unit 61398
Comment Crew launched RSA attack
http://intelreport.mandiant.com/Mandiant_APT1_Report.pdf
Who else wants my data?
www.criticalid.net
• Every cell phone call in Bahamas “archived”
• Call records of almost everyone inside the United States “collected”
• Gmail “backdoor access”, Microsoft encryption weakened, denies data center access
• RSA received $10 million to weaken encryption
• Truecrypt mysteriously goes offline
Utah Data Center
Next Generation attacks
www.criticalid.net
Google's security team reported Heartbleed on April 1Affects OpenSSL
17% of the Internet's secure web servers were vulnerable, at time of disclosure on 7th April
Bug deemed as catastrophic, and incidents included: Canada Revenue Agency, Community Health Systems (US),
Massive password changes required including Akamai, Ars Technica, Bitbucket, BrandVerity, Freenode, GitHub, Mojang, Mumsnet, Pinterest, Reddit, SourceForge, Tumblr, etc...
Shellshock: 'bigger than Heartbleed' 25 September 2014!
April 2014
What about South Africa?
November 9 2012“There are indications at this stage that only a limited number of card details have been accessed by outside organisations, and as a result limited fraud has been perpetrated" – Payment Association of South Africa, CEO Walter Volke
“The card data emanating from these online transactions seems to have been stored in a manner which does not meet the stringent security standards expected by PASA”
There was no need for “undue concern”
www.criticalid.net
www.iol.co.za/news/south-africa/bank-card-details-leaked-pasa-1.1420656
Bank card details leaked - PASA
What about South Africa?
October 15 2013
PASA, card schemes and SA’s major banks have taken immediate steps to prevent a further leakage of card details because of a security lapse at a company processing transactions.
“All the fast-food retailers have been cleaned out as far as possible, and certainly no one will be out of pocket [as the banks will honour losses].”
Unique variant used in SA, original emerged in December 2012.
How did the data get out? & who is liable?
www.criticalid.net
http://www.techcentral.co.za/sa-banks-in-massive-data-breach/44338/
Dexter infects Point of Sale terminals
http://www.sec.gov/divisions/corpfin/guidance/cfguidance-topic2.htm
Designed to elicit disclosure of timely, comprehensive, and accurate information about risks and events that a reasonable investor would consider important to an investment decision.
Should review, the adequacy of their disclosure relating to cybersecurity risks and cyber incidents, if the costs or consequences with one or more known incidents or the risk of potential incidents represent a material event
(i.e. may reasonably be expected to affect the company's stock price)
Estimate the impact of cyber incidents and the consequences of failing to implement adequate security. Go beyond privacy, to key operational issues
www.criticalid.net
Where is the Risk?
www.criticalid.net
Market risk: Dealstream collapse in 2008 VOX telecom exposure of R30 million Single Stock Futures gives ABSA R1.4 billion liability
Credit Risk: Standard Bank vehicle finance: R504m impairment loss in
FY to June 2014 African Bank: R6.4 billion
What about cyber crime losses and risk exposure? SABRIC estimates R480 million card fraud losses in 2013http://www.iol.co.za/dailynews/news/sa-lost-r480m-to-card-fraud-1.1610443
Conclusion• Payment systems are top target of attacks• New threat environment:
• Next generation systemic vulnerabilities• Shellshock: 'bigger than Heartbleed'
25 September 2014!• Encryption is no longer safe? • Changing legal framework
• New legal implications for data breaches
Are you ready for a Security Breach?
www.criticalid.net
