Archive for category Information Security Risk Assessment

The Faces of Fraud: Fighting Back

See How Financial Institutions Respond to the Latest Threats

From skimming and POS attacks to ACH fraud and payment card hacks, 2010 was “The Year of Fraud,” and the year’s incidents have left banking institutions and their customers anxious for new solutions to prevent fraud in all its forms.

In response to the growing fraud threats – and to the demand for new solutions – Information Security Media Group just concluded its latest survey, “The Faces of Fraud: Fighting Back.”

This is the Executive Summary of the survey results and what they suggest for fighting fraud in 2011.

One of the most telling responses of the survey is to this question:

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Classification and labeling – A double edged sword?

I use a public transport to commute between office and home. Recently, I had one gentleman sitting next to me reading a document. I just peeped into the document and all I could instantly read is the document name and it was labeled as “Confidential”.

Now why would somebody read a confidential document during his commute to office on a public transport? Did the classification serve any purpose..? I was getting curious about this and asked him “any urgent review going on…?” He said, “No, why”..? I said, I could see the document classified “Confidential”. He has his explanation as “It is just an old document, maybe sometime in 2006”. Well why the document not re-classified if it was old…?

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Assessing C-I-A values.

It is a common discussion during an information security risk assessment exercise at most of the organizations. As a general practice the asset value is derived by weighing the confidentiality ©, Integrity (I) and availability (A) value of an asset. While the assets are categorized into Information, Hardware, Software, Service and People, my argument always has been to say that C-I-A values can be assessed for Information Assets only and for all other it should just be the availability value.

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Parkerian Hexad

The Parkerian hexad is a set of six elements of information security proposed by Donn B. Parker, renowned security consultant and writer. The term was coined by M. E. Kabay. The Parkerian hexad adds three additional attributes to the three classic security attributes of the CIA triad (confidentiality, integrity, availability).

The Parkerian Hexad attributes are the following:

  • Confidentiality
  • Possession or Control
  • Integrity
  • Authenticity
  • Availability
  • Utility

These attributes of information are atomic in that they are not broken down into further constituents; they are non-overlapping in that they refer to unique aspects of information. Any information security breach can be described as affecting one or more of these fundamental attributes of information.

I think I don’t require to provide the explanation of C-I-A here. Let’s look at the other attributes.

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CISF Security at Infosys

In the recent news Infosys becomes the first private company to get CISF security. I have also been reading in yet another blog about a organization conducting mocks drills for terrorist’s attacks. It is quite interesting to see that organizations are now taking security as a prime concern. As mentioned in my previous blog about frisking of VIP’s at airports, the exception mentioned there is an age old rule that was implemented when terrorism was a not major concern.

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