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Q&A: NIST’s new ‘Enterprise Risk Management’ guidelines push cyber risks to board level

By Byron V. Acohido

Enterprise risk management (ERM) is a comparatively new corporate discipline. The basic notion is that in today’s complex operating environment, it is important for businesses to proactively identify operational hazards and have a plan in place to account for them.

Related: Poll shows senior execs get cybersecurity

A hazard is anything that can interfere with a company meeting its objectives; it could be something physical, such as a fire, a theft or a natural disaster; or it could  be an abstract risk, such as a lawsuit or a regulatory fine.

As part of its role promoting cybersecurity best practices, the National Institute of Standards and Technology (NIST) has stepped forward to make sure complex and expanding cybersecurity exposures become part and parcel of evolving ERM frameworks.

NIST has been getting positive feedback to draft guidelines it issued in late March which essentially serves as a roadmap for enterprises to account for complex cybersecurity exposures when implementing ERM strategies. The guidelines — NISTIR 8286, Integrating Cybersecurity and Enterprise Risk Management (ERM) – are specifically aimed at fostering the integration of cybersecurity risk management best practices and ERM frameworks.

The Internet Security Alliance (ISA) is a trade association and think tank whose members include prominent corporations in a wide cross section of industries. In February, ISA, in partnership with the National Association of Corporate Directors (NACD), published the 2020 edition of their Cyber-Risk Oversight Handbook for Corporate Boards.

ISA President Larry Clinton noted how well the trade groups’ handbook meshes with NIST’s new guidelines. “The NIST filing does an excellent job linking many of the principles directors have articulated as necessary for effective cybersecurity,” he says. “The NISTIR, like the NACD-ISA handbook, urges enterprises to utilize the modern models that are being developed to help organizations appropriately balance economic growth and cyber risk.”

I had the chance to drill down on this with … more

MY TAKE: Technologists, privacy advocates point to flaws in the Apple-Google COVID-19 tracing app

By Byron V. Acohido

If the devastating health and economic ramifications weren’t enough, individual privacy is also in the throes of being profoundly and permanently disrupted by the coronavirus pandemic. The tech giants are partnering on a tool for public good, but critics worry it will ultimately get used for predatory surveillance.

Related: Europe levies big fines for data privacy missteps

Apple and Google are partnering up to bring technology to bear on COVID-19 contact tracing efforts. The tech giants are laudably putting aside any competitive urgings to co-develop a solution that combines mobile operating system, Bluetooth and GPS technologies to help us all get past the burgeoning health crisis.

However, in an apparent effort to live down Google’s abjectly poor track record respecting consumer privacy, the Apple-Google partnership is treading lightly to avoid anything that might hint at an undue invasion of individual privacy. In doing so, their proposed solution has a number of glaring technical and privacy-protection shortcomings, according to several technologists I spoke with.  In fact, the Apple-Google project has exacerbated a privacy controversy that flared up in Europe in the early stages, one that has more recently been picking up steam in the U.S., as well. Here’s how technologists and privacy experts see things stacking up:

Bluetooth-based tracing

Infected persons will be able to use their iPhones or Android devices to make their status known to a central server, which then correlates an anonymized identifier of the infected person to anonymized IDs of non-infected persons who happen to be in close proximity. The server then alerts the non-infected persons to self-immunize.

MY TAKE: COVID-19 cements the leadership role CISOs must take to secure company networks

By Byron V. Acohido

Chief Information Security Officers were already on the hot seat well before the COVID-19 global pandemic hit, and they are even more so today.

Related: Why U.S. cybersecurity policy needs to match societal values

CISOs must preserve and protect their companies in a fast-changing business environment at a time when their organizations are under heavy bombardment. They must rally the troops to proactively engage, day-to-day, in the intricate and absolutely vital mission of preserving the security of IT assets, without stifling innovation. And they must succeed on executive row, with middle management and amongst the troops in the operational trenches.

That’s a very tall order, made all the more challenging by a global health crisis that has slowed the global economy to a crawl, with no end yet in sight. One new challenge CISOs’ suddenly face is how to lock down web conferencing tools, like Zoom, Skype and Webex, without gutting their usefulness.

Cyber criminals have discovered Zoom logons, in particular, to be useful for carrying out credential stuffing campaigns to probe for deeper access inside of breached networks. Thanks to the sudden rise in use of Zoom and other video conferencing systems by an expanding work-from-home workforce, their logons are begin targeted by threat actors; underground forums today are bristling with databases holding hundreds of thousands of recycled Zoom logon credentials.

I had the chance to discuss this state of affairs with Vishal Salvi, CISO of Infosys. In its 2020 fiscal year, ending March 31, Infosys reported revenue of $12.8 billion, with $7.8 billion coming from North America, $3.1 billion from Europe, $333 million from India and $1.5 billion internationally

MY TAKE: COVID-19’s silver lining could turn out to be more rapid, wide adoption of cyber hygiene

By Byron V. Acohido

Long before COVID-19, some notable behind-the-scenes forces were in motion to elevate cybersecurity to a much higher level.

Related: How the Middle East has advanced mobile security regulations

Over the past couple of decades, meaningful initiatives to improve online privacy and security, for both companies and consumers, incrementally gained traction in the tech sector and among key regulatory agencies across Europe, the Middle East and North America. These developments would have, over the next decade or so, steadily and materially reduced society’s general exposure to cybercrime and online privacy abuses.

Then COVID-19 came along and obliterated societal norms and standard business practices. A sweeping overhaul of the status quo – foreshadowed by the sudden and acute shift to a predominantly work-from-home workforce – lies ahead.

One thing is certain, as this global reset plays out, cyber criminals will seize upon fresh opportunities to breach company and home networks, and to steal, defraud and disrupt, which they’ve already commenced doing.

Yet there are a few threads of a silver lining I’d like to point out. It is possible, if not probable, that we are about to witness an accelerated rate of adoption of cyber hygiene best practices, as well as more intensive use of leading-edge security tools and services. And this positive upswing could be reinforced by stricter adherence to, not just the letter, but the spirit of data security laws already on the books in several nations.

There is an urgency in the air to do the right thing. Several key variables happen to be tilting in an advantageous direction. Here’s a primer about how cyber hygiene best practices – and supporting security tools and services – could gain significant steam in the months ahead, thanks to COVID-19.

BEST PRACTICES: How testing for known memory vulnerabilities can strengthen DevSecOps

By Byron V. Acohido

DevOps wrought Uber and Netflix. In the very near future DevOps will help make driverless vehicles commonplace.

Related: What’s driving  ‘memory attacks’

Yet a funny thing has happened as DevOps – the philosophy of designing, prototyping, testing and delivering new software as fast as possible – has taken center stage. Software vulnerabilities have gone through the roof.

Over a five year period the number technical software vulnerabilities reported to the National Institute of Standards and Technology’s National Vulnerability Database  (NVD) more than tripled – from 5,191 in  2013 to a record 16,556 in 2018.

Total vulnerabilities reported in the NVD dropped a bit in 2019, down to 12,174 total flaws. Some credit for that decline surely goes to the DevSecOps movement that has come into its own in the past two to three years.

DevSecOps proponents are pushing for security-by-design practices to get woven into the highly agile DevOps engineering culture. Still, 12,000-plus fresh software vulnerabilities is a lot, folks. And that’s not counting the latent vulnerabilities getting overlooked in this fast-paced environment – flaws sure to be discovered and exploited down the line by opportunistic threat actors.

San Jose-based application security vendor, Virsec, is seeking to tilt the balance a bit more to the side of good.

NEW TECH: CASBs continue evolving to help CISOs address multiplying ‘cloud-mobile’ risks

By Byron V. Acohido

It can be argued that we live in a cloud-mobile business environment.

Related: The ‘shared responsibility’ burden

Most organizations are all caught up, to one degree or another, in migrating to hybrid cloud networks. And startups today typically launch with cloud-native IT infrastructure.

Mobile comes into play everywhere. Employees, contractors, suppliers and customers consume and contribute from remote locations via their smartphones. And the first tools many of them grab for daily is a cloud-hosted productivity suite: Office 365 or G Suite.

The cloud-mobile environment is here to stay, and it will only get more deeply engrained going forward. This sets up an unprecedented security challenge that companies of all sizes, and in all sectors, must deal with. Cloud Access Security Brokers (CASBs), referred to as “caz-bees,” are well-positioned to help companies navigate this shifting landscape.

I had the chance to discuss this with Salah Nassar, vice president of marketing at CipherCloud, a leading San Jose, CA-based CASB vendor. We met at RSA 2020 and had a lively discussion about how today’s cloud-mobile environment enables network users to bypass traditional security controls creating gaping exposures, at this point, going largely unaddressed.

MY TAKE: Why COVID-19 ‘digital distancing’ is every bit as vital as ‘social distancing’

By Byron V. Acohido

As coronavirus-themed cyber attacks ramp up, consumers and companies must practice digital distancing to keep themselves protected.

Related: Coronavirus scams leverage email

As we get deeper into dealing with the coronavirus outbreak, the need for authorities and experts to communicate reliably and effectively with each other, as well as to the general public, is vital.

That, of course, presents the perfect environment for cybercrime that pivots off social engineering. Sadly, coronavirus phishing and ransomware hacks already are in high gear.

“There’s a special ring of hell reserved for those who take advantage of a public health crisis to make money,” says Adam Levin, founder and chairman of CyberScout, a Scottsdale, AZ-based  supplier of identity and data theft recovery services. I agree wholeheartedly with Levin on this, as I imagine most folks would.

Social engineering invariably is the first step in cyber attacks ranging from phishing and ransomware to business email compromise (BEC) scams and advanced persistent threat (APT) hacks.

“While this kind of fraud is the new normal, often fine-tuned for specific holidays and big news stories, a global health disaster creates an even more fertile field than usual for fraudsters,” Levin observes.