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How not to be the "Target"

How not to be the "Target"

This presentation is about Target data breach.

Avatar for Salinda Lekamge

Salinda Lekamge

September 30, 2015

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Transcript

  1. Facts and Statistics Nearly 50% people open email and click

    on a phishing link within the first hour In 60% of cases, attackers are able to compromise an organisation within minutes 99.9% of the exploited vulnerabilities were compromised more than a year after the CVE was published 95% of malware types showed up for less than a month, and 80% didn’t last beyond a week Most affected industries: Financial services and Retail Source: Verizon 2015 Data Breach Investigation Report
  2. Security Incidents Estimated cost of breach - $200 million 

    Date of breach: May 2014  230 million user accounts hacked, 145 million are active users
  3. Security Incidents Estimated cost of breach - $1 billion 

    Date of breach: July 2014  76 million household accounts compromised
  4. Security Incidents Estimated cost of breach - $80 million 

    Date of breach: September 2014  56 million debit and credit cards
  5. Security Incidents Estimated cost of breach - $300 million 

    Date of breach: November 2014  100 Terabyte of data containing movies yet to be released, scripts, employee records, emails and corporate documents
  6. Security Incidents Estimated cost of breach - $100 million 

    Date of breach: February 2015  78.8 million personal information
  7. Security Incidents  Date of breach: June 2015  21

    million personal information of current and former employees compromised  5.6 million fingerprints compromised
  8. Security Incidents  Date of breach: July 2015  400

    Gb of internal data including emails, source codes and zero- day exploits
  9. Security Incidents  Date of breach: July 2015  25

    Gb of company data and user details exposed
  10. How and Why  How easy to steel username and

    password?  How does hackers know whom to attack?  How hackers can plant a malware in the web application?  Why didn't Target notice this activity for 6 months?  Why Target doesn’t have security systems in-place?
  11. Aftermath and Recovery  40 million credit and debit cards

    plus 70 million customer records stolen  CIO, Beth Jacobs resigned immediately and CEO, Gregg Steinhafel resign after 6 months  Estimated cost of security breach is $1 billion which includes $162 million for lawsuits and 100 million to upgrade systems  475 layoffs from head office and total 700 positioned unfilled
  12. Aftermath and Recovery  Establish new CISO and Chief Compliance

    Officer positions  Enhance monitoring capabilities  Install application whitelisting for POS systems  Review network segmentation  Review all vendor accesses  Enhance security of user accounts
  13. How not to be the “Target”  Technology isn’t security,

    and technology shall use appropriately.  Cautious when allowing access to 3rd parties, ensure appropriate security controls in-place. Consider security over convenience.  Temporary means temporary, disable temporary logins after expiration.  Do periodic security checks, specially on public facing web applications.  Be vigilant, set notifications when creating new privilege user accounts.  Consider security at design, proper isolation of networks and access controls.  Be prepared, security incidents can happen any time
  14. Security Incident Response  Define Security Incident Response Policy 

    Define what is security incident for the company  Identify incident categories  Develop incident response procedures  Preparation, Identification, Containment, Eradication, Recovery and Wrap-up  Identify Security Incident Response Team (SIRT) members  A cross-functional team representing all business units  Define and communicate roles and responsibilities  Communicate to rest of the organization  Conduct regular tests and drills