Welcome to ExaProtect's monthly online bulletin – the culmination of our merger with Solsoft – bringing you news, views and opinion on issues that matter to you.
Security Management News is unique in that it is compiled and edited by leading industry journalists. Our aim is to deliver fresh and informative content, plus industry comment from experts. We want this to be a tool that helps you in your job and gives you a better understanding of security.
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The market for managed security services is predicted to more than double between 2006 and 2010 according to a new report by Infonetics Research. This growth will be driven by increasing global demand from organizations of all sizes due to the proliferation of security threats of all types, the complexity of current security solutions, and the desire of many service providers to add revenue and improve margins.
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By Peter Wood
Over the past ten years, I have taken part in a large number of penetration tests, from both inside and outside organisations. Over this period several important themes have emerged, which, whilst apparently unrelated, contribute to the failure of organisations to adequately protect their information assets. My ‘top five network nightmares’ are a distillation of these ethical hacking experiences of the past ten years and represent my view of the most likely route an attacker would take to compromise your network security.
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Two Russian hackers from the Russian city of Togliatti on the Volga River are alleged to have stolen over $500,000 over a period of two years from bank accounts in Turkey. It is thought to be one of the longest running scams of its type anywhere in the world, with a total of 265 registered money transfers totaling $508,000 between February 2005 and April 2007.
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At a recent US Securities and Exchange Commission filing TJX Companies, owner of TJ Maxx and TK Maxx retail chains, revealed that they now estimate that the cost of a data theft perpetrated over a period of 18 months has risen to $118 million.
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By Alan Calder
Within most organizations, employees fall into two distinct tribes. On the one side there are the information technologists; on the other, the business users and managers.
Each tribe views the other with considerable distrust and exasperation. Technologists cannot understand the complacency with which business users view the internal and external threats to the organization. Meanwhile, the business users feel the technologists are intent on obstructing them in their work.
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Barclays have reported that over 1,000 retailers have agreed to accept contactless payments when the technology is launched in the UK in September.
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A survey examining employee fraud within financial services institutions claims that organized crime, increased employee access to technology and poor hiring/screening practices are the main contributors to employee fraud.
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In the previous issue we looked at some of the problems associated with preserving digital information and the concerns that we are entering a “digital dark age”.
But why is this of particular concern to CISOs? Well, maintaining security event log data is becoming increasingly difficult, with legislation requiring more and more companies to record this data for prolonged periods of time.
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A recent report by Equifax, a credit information company, suggests that people who use social networking sites could be putting themselves at risk of becoming victims of identity theft.
The fear is that people who are members of sites such as MySpace, Bebo and Facebook may be putting too many personal details about themselves online, allowing fraudsters to take advantage of this and steal their identity in order to apply for credit and benefits in their name.
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A recent report has highlighted the importance of recruiting specialist IT security staff and developing effective security policies. The Benchmark of IT Strategy report, based upon responses from over 200 user organizations, is published on an annual basis by the UK’s National Computing Centre (NCC).
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