SYSTEMS AND CONTROLS TO REDUCE CYBERCRIMINALITY AND A BREACH IN DATA SECURITY
a) Systems and controls to reduce a risk of cyber attacks
There are a number of actions recommended to prevent or reduce cyber attack risk.
1. Determine the Company’s Security Chain
The company’s entire security chain needs to be determined and evaluated. If even a single link is weak, the company could be vulnerable to attack.
2. Develop a Compliance Work Plan
A company should create a written compliance plan to monitor the highest risks for a potential cyber attack. The compliance plan must address cyber attack procedures in addition to other compliance matters. This should include:
• Policies
• Codes of conduct
• Training
• Specific incident response
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6. Invest in Computer Security and Protection Measures
The company should invest in security equipment and procedures to deter or prevent cyber attacks. These include the most up to date IT protection measures, for example:
• Having the company’s database on a different web server than the application server
• Applying the latest security patches
• Protecting all passwords
• Using read-only views of documents and materials when possible
• Maintaining strict input validation
• Developing network security architecture
• Monitoring activities and procedures of third-party contractors with access to the computer system (whether direct or remote)
• Performing network scans to assess activity on the network
• Comparing outbound network traffic to baseline operations
• Choosing names for tables and fields that are difficult to guess
7. Adopt a Cyber Incident Response Plan and Employee Reporting Mechanisms
The company must adopt reporting mechanisms so that all cyber attack attempts can be promptly responded. All employees should be aware of the possibility of cyber attacks and where such attacks are most likely to be directed within the company.
8. Adopt Procedures to Preserve Evidence
A company should have procedures in place to secure and preserve computer-related evidence if a
As a business becomes larger it is important to formalize certain aspects so that they can be applied similarly across all employee and situations. “Policies can be considered business rules and are mandatory, the equivalent of organization-specific law…” (quote from SANS 524.1 Security Policy awareness) Policies will vary from business to business in order to suit their needs. Here are some ideas to help a business’s create policies to defend against cyber attack.
With any network organization you want to make sure that you keep on top of vulnerabilities of anything that reaches out to the internet. Computers and servers that touch the internet are ones that must be scanned. As a company you have to make sure that you configure the security settings for the operating system, internet
Looking at recommendations I would make, it’s important that management first recognize the function of cybersecurity in their overall business structure. They must maintain ongoing interactions
Just like every other organization, Adius, LLC relies on information technology to manage their information, processes, and assets in order to thrive, conduct their business efficiently, and deliver their services effectively. However, no organization is immune from cyber-attacks and threats. In fact, cyber-attacks and threats have been increasing exponentially during the past few years. Having outdated and irrelevant cybersecurity procedures, policies and practices places organizations in greater vulnerabilities and risks. For this reason, cybersecurity procedures, policies and practices in place must be in line and be more relevant to the security needs of Adius, LLC.
Employees who have electronic or physical access to critical assets should know how to handle sensitive data securely and how to report and respond to cyber security incidents. Ensuring that access privileges would revoked at termination or transfer and that all equipment and data are returned to the
(Galligan, 2015) There are growing concerns at all levels of industry about the challenges posed by cyber-crime,” said Robert B. Hirth Jr., COSO chairperson. “This new guidance helps put organizations on the right path toward confronting and managing the frightening number of cyber-attacks.” (Perez, 2015) The annual Section 404 of SOX and the quarterly section of 302 of SOX should support this principle of COSO. (PROVITI,
Computer security is a critical issue for nearly all businesses today. Threats to security have become more pervasive, more dangerous, and more damaging to the health of businesses. Being able to appropriately respond to a security breach is essential to the long-term success of any business. Incident response planning is necessary before an incident occurs. In their publication, Computer Security Incident Handling Guide (Special Publication 800-61, Revision 2), the National Institute of Standards and Technology (NIST) has made recommendations on the phases of incident response, what types of tools can be useful to a team responsible for incident response (IR), and what documentation is needed as part of the response. This paper discusses these topics as endorsed by NIST.
During this time, the organization must know how it should react and respond to the incidents, it is the incident response plan to stop the incident, mitigate it 's effects, and provide Information that facilitate recovering from the incident. In formulating an incident response strategy there are several factors that influence the organizations decision process. After containing the incident, the first task is to inform human resources and the incident response team must assess the full extent of the damage to determine what must be done to restore the systems. I couldn 't imagine working for an organization that did not have an incident response plan. The lack of a plan would lead to a complete vulnerable organization that would always be subject to attacks. It would be impossible to stop the attacks without the solid procedures and strict policies of an incident response plan.
Incident response and planning is very critical to a business. It’s important Greiblock Credit Union (GCU) financial firm maintain control of these incidents in a timely manner which could reduce cost, and risks. When responding to incidents one should always minimize the severity of all security incidents. The analyst should have a clear plan to resolving incidents, while containing the damage and reducing risks (Cichonski et al., 2012). According to Cichonski et all, (2012) most departments have a Computer Security Incident Response team, or designated personnel to handle the variety of incident responses related to Cyber Security. Based on the below, the information can be used in a technique to help an organization to determine the threat against the organization and identify if it’s truly a security breach or serious
Since 2005 a total 895,605,986 were breached and 4,745 DATA BREACHES have occurred. According to the former national coordinator for security, infrastructure protection for the United States, Richard Clarke, believes that companies can be put into two types those that have been breached and know it and companies that have been and just don’t know it yet. With so many cyber breaches and personal data being released into the wrong hands has many companies wanting to strike back on their own. While this idea may seem reasonable I believe that companies should have a cyber strategy such as identifying assets, outline a plan of action, develop partnerships, and train their employees.
In the era of this modern and ubiquitously connected world, an organization’s security posture can determine its fate, attacks are committed by nefarious actors worldwide every day, it is important that an organization follow security industry’s best practice and governing laws and regulations, go a step further in protecting not only its own data but also all data and information especially regarding clients. This paper will discuss the way a Security as a Service Provider – Secured Inc. which had gone above and beyond when it comes to its cybersecurity defense, accentuating its ability as a service provider through its practice of Information Assurance security standards such as NIST, FISMA compliance, ISO20000 Service Management
The National Association of Corporate Directors (NACD) expects organizations to know their current and future risks with information to back them. Every company’s leadership team should ask themselves some basic questions in order to understand cybersecurity risk as it applies to themselves;
The organisation needs to update their security policies as this is vital. The security features evolve with the IT technology that is used in the organisation. These policies should be reviewed regularly by the head of IT security. To get new security procedures, they can compare their procedure with other company’s and this might give them ideas of new procedures.
Information security breaches and attacks are aiming businesses every now and then. Any company that is connected to the internet has some information security risks. Businesses that operation in healthcare, finance and any government sectors, suffers from more of such information security risks as they collect, store and process sensitive personal, financial and confidential data. ABC Accounting Firm is a major national accounting firm that is utilizing the power of information technology. The company is also under information security risks as they hold and process sensitive business and accounting information of their clients and a huge volume of personal data of the employees, partners and clients (Engebretson, 2013).
Securing cyberspace is one of the most important and urgent challenges of our time. In light of the growing threat and the national security and economic ramifications of successful attacks against American businesses, it is essential that corporate leaders know their responsibility for managing and disclosing information security risk. (Rockefeller, Menendez, Whitehouse, Warner, & Blumenthal)