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Tom Patterson CSO, MagTek Inc. Security.magtek.com [email protected] The Financial Industry vs. Advanced Persistent Threats

The Financial Industry vs. Advanced Persistent Threats

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The Financial Industry vs. Advanced Persistent Threats. Tom Patterson CSO, MagTek Inc . Security.magtek.com [email protected]. A Discussion in Two Parts APTs Among Us What the Financial Sector is Doing About Them. SCREWED. “. - PowerPoint PPT Presentation

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Page 1: The Financial Industry vs. Advanced  Persistent Threats

Tom PattersonCSO, MagTek Inc.

[email protected]

The Financial Industry

vs.Advanced Persistent

Threats

Page 2: The Financial Industry vs. Advanced  Persistent Threats

A Discussion in Two Parts1. APTs Among Us

2. What the Financial Sector is Doing About Them

Page 3: The Financial Industry vs. Advanced  Persistent Threats

SCREWED

Page 4: The Financial Industry vs. Advanced  Persistent Threats

“The United States is fighting a cyber-war today, and we are losing.”

The United States is fighting a cyber-war

today, and we are losing.

- Mike McConnell

Page 5: The Financial Industry vs. Advanced  Persistent Threats

“Malicious cyber activity is occurring on an unprecedented scale with

extraordinary sophistication. While both the threats and technologies associated with cyberspace are dynamic, the existing balance in

network technology favors malicious actors, and is likely to continue to do

so for the foreseeable future.”

-Dennis Blair

Page 6: The Financial Industry vs. Advanced  Persistent Threats

In Olden Days…

Page 7: The Financial Industry vs. Advanced  Persistent Threats

Today…1.ID the “Mark”2.Get Inside3.Scope it out4.Customize the Attack5.Steal and Blast6.Go underground and wait

Robin Sage

Page 8: The Financial Industry vs. Advanced  Persistent Threats

Defense in Depth?

• Encryption

• DLP

• Authentication

• Antivirus

• Firewalls

• Cracking tools

• Encryption

• Social Engineering

• Polymorphic

• Trusted users

Page 9: The Financial Industry vs. Advanced  Persistent Threats

Because the techniques used to obtain unauthorized access, disable or degrade service, or sabotage systems change frequently and often are not recognized until launched against a target, we may be unable to anticipate these techniques or to implement adequate preventative measures - Google SEC Filing

Page 10: The Financial Industry vs. Advanced  Persistent Threats

Newish Attack Vectors•Clickjacking•Tapjacking•BlueJacking•Social Engineering•“Trusted” relationships

Page 11: The Financial Industry vs. Advanced  Persistent Threats
Page 12: The Financial Industry vs. Advanced  Persistent Threats

More than just money!Micro Switches

6 small batteries connected to micro switches

Magnetic Read Head

Transmitter Antenna

$20 Bucks on

eBay and NOT

ILLEGAL!

Page 13: The Financial Industry vs. Advanced  Persistent Threats

Fight Back withInformation

Sharing•FS/ISAC•FICO•FBI Domain•Infragard•USSS ECTF

Take Down

in London

Financial Services Sector is the Most

Advanced in terms of Information Sharing

Page 14: The Financial Industry vs. Advanced  Persistent Threats

A scientific discovery by a University of Washington (Illinois) professor called a Magnetic Fingerprint

Fight Back withSCIENCE

Page 15: The Financial Industry vs. Advanced  Persistent Threats

AUTHENTICATE THE CARD, Not Just the

data!

•unchangeable & non-

replicable

Page 16: The Financial Industry vs. Advanced  Persistent Threats

…the card itself cannot be duplicated.

butCard data can be duplicated…

Page 17: The Financial Industry vs. Advanced  Persistent Threats

No Two Cards Are Alike!..• The random micro-particle structure of every magnetic stripe is unique

• This unique feature is a byproduct of the manufacturing process

• Every mag-stripe card has this feature

Page 18: The Financial Industry vs. Advanced  Persistent Threats

Graphical Representation of an Original and Skimmed Card

Page 19: The Financial Industry vs. Advanced  Persistent Threats

Each swipe – new password

Cannot be repeated

Device/Host Verification

Cannot be duplicated

Real-time forensics

GHKG7890schzhc89^&^&TYz7Z&GZBlIUZY*&Z^GBILY(*&(*7yhy898HIUO8Y98SD7Y*y8769Y89yyuiy98789897df890s7fdds89f7hcusahca976789s76df89as7acha8sca89ysc8a9yccya89sdy8a

9syda89dyh8&

HKA*(CHJCHBHOC*(CHOIAHCOA*&(*AYHCYX*(YC(*C(*AYC()*&AYCIULACGI^&CRTI^AGCBO&*AYC*&(TCAO*&GC*&OAGC*O&GAC*O&A*G&A(CA(*PCH()*CY(HC*(Y09*)

(*()*)(*)(*)UJ)*Y(*Y*&G*&GG&

Gdhjagdhjkgcs8dict78igclho8 7r9w87vcpo98uy0960n

pc98n opqwnp90nv9274pc8wyrnw89n6rcvlw83yv9s8v460b34tw93nv39w8ow38o984tyo9w386on9 w84t vo984tn

ty8tmp84irt vbsdase3

!#&^%&^(*&(*^$%^&(*_)+_(*&&%%^$%$#$%#^%

%&*^(*&)(*_)*)*^&%%^#$@@$$^*(&()*_*_)*)(&(^^*%&%$^#%^$#$(&^)(&_*_*_+*_*_(*(^^&

%^#%#@#@$^^&*&(&*()

(*_)*_)*(&&*^^&%%^$$%#$@#@$%%^&

HGH&&A&A&&hs7sdyd8ddfjsdfgs0f98s0d9fsklfsjhf7sfaslkfjalkfhiuahfkajhfkjahfkjahfkjahfiuaysfiuahcauischiuaschiuwhiuhciuaschiuwcbiucbiubiuwbciuwfbiuwbfiuwehfiuwehfiuwehfieuhjkwhrjwhrj

kwhrkjwhjkrhkj

0101010111010101010101010101010111110119101010119010101010191010101010101010110910101010101010110101919109119191091010101010110101011010101101010101010101

01010101010110

Page 20: The Financial Industry vs. Advanced  Persistent Threats

Strong Encryption

Dynamic Card Data

Card Authenticati

on

Reduces card data loss

from the system

Creates dynamic data with each swipe = Nothing to Steal

Stops Counterfeit Cards

from being approved =

reduces Fraud

Page 21: The Financial Industry vs. Advanced  Persistent Threats

We’ve got to out-

innovate the bad guys

with solutions that work, have staying power, are

cheap to install, and simple to use.

Page 22: The Financial Industry vs. Advanced  Persistent Threats

Read about the science and business aspects of the Magnetic Fingerprint

(MagnePrint) at www.NoCardFraud.com

If you like the elegance and security of this solution, please leave a public

comment or blog about it to your constituents.

Page 23: The Financial Industry vs. Advanced  Persistent Threats

[email protected]

1.562.546.6315

For More Info…