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On October 10, 2022, there were 576,562 LinkedIn accounts that listed their current employer as Apple Inc. The next day, half of those profiles no longer existed. A similarly dramatic drop in the number of LinkedIn profiles claiming employment at Amazon comes as LinkedIn is struggling to combat a significant uptick in the creation of fake employee accounts that pair AI-generated profile photos with text lifted from legitimate users.
Jay Pinho is a developer who is working on a product that tracks company data, including hiring. Pinho has been using LinkedIn to monitor daily employee headcounts at several dozen large organizations, and last week he noticed that two of them had far fewer people claiming to work for them than they did just 24 hours previously.
Pinho’s screenshot below shows the daily count of employees as displayed on Amazon’s LinkedIn homepage. Pinho said his scraper shows that the number of LinkedIn profiles claiming current roles at Amazon fell from roughly 1.25 million to 838,601 in just one day, a 33 percent drop:
The number of LinkedIn profiles claiming current positions at Amazon fell 33 percent overnight. Image: twitter.com/jaypinho
As stated above, the number of LinkedIn profiles that claimed to work at Apple fell by approximately 50 percent on Oct. 10, according to Pinho’s analysis:
Image: twitter.com/jaypinho
Neither Amazon or Apple responded to requests for comment. LinkedIn declined to answer questions about the account purges, saying only that the company is constantly working to keep the platform free of fake accounts. In June, LinkedIn acknowledged it was seeing a rise in fraudulent activity happening on the platform.
KrebsOnSecurity hired Menlo Park, Calif.-based SignalHire to check Pinho’s numbers. SignalHire keeps track of active and former profiles on LinkedIn, and during the Oct 9-11 timeframe SignalHire said it saw somewhat smaller but still unprecedented drops in active profiles tied to Amazon and Apple.
“The drop in the percentage of 7-10 percent [of all profiles], as it happened [during] this time, is not something that happened before,” SignalHire’s Anastacia Brown told KrebsOnSecurity.
Brown said the normal daily variation in profile numbers for these companies is plus or minus one percent.
“That’s definitely the first huge drop that happened throughout the time we’ve collected the profiles,” she said.
In late September 2022, KrebsOnSecurity warned about the proliferation of fake LinkedIn profiles for Chief Information Security Officer (CISO) roles at some of the world’s largest corporations. A follow-up story on Oct. 5 showed how the phony profile problem has affected virtually all executive roles at corporations, and how these fake profiles are creating an identity crisis for the businesses networking site and the companies that rely on it to hire and screen prospective employees.
A day after that second story ran, KrebsOnSecurity heard from a recruiter who noticed the number of LinkedIn profiles that claimed virtually any role in network security had dropped seven percent overnight. LinkedIn declined to comment about that earlier account purge, saying only that, “We’re constantly working at taking down fake accounts.”
A “swarm” of LinkedIn AI-generated bot accounts flagged by a LinkedIn group administrator recently.
It’s unclear whether LinkedIn is responsible for this latest account purge, or if individually affected companies are starting to take action on their own. The timing, however, argues for the former, as the account purges for Apple and Amazon employees tracked by Pinho appeared to happen within the same 24 hour period.
It’s also unclear who or what is behind the recent proliferation of fake executive profiles on LinkedIn. Cybersecurity firm Mandiant (recently acquired by Google) told Bloomberg that hackers working for the North Korean government have been copying resumes and profiles from leading job listing platforms LinkedIn and Indeed, as part of an elaborate scheme to land jobs at cryptocurrency firms.
On this point, Pinho said he noticed an account purge in early September that targeted fake profiles tied to jobs at cryptocurrency exchange Binance. Up until Sept. 3, there were 7,846 profiles claiming current executive roles at Binance. The next day, that number stood at 6,102, a 23 percent drop (by some accounts that 6,102 head count is still wildly inflated).
Fake profiles also may be tied to so-called “pig butchering” scams, wherein people are lured by flirtatious strangers online into investing in cryptocurrency trading platforms that eventually seize any funds when victims try to cash out.
In addition, identity thieves have been known to masquerade on LinkedIn as job recruiters, collecting personal and financial information from people who fall for employment scams.
Nicholas Weaver, a researcher for the International Computer Science Institute at University of California, Berkeley, suggested another explanation for the recent glut of phony LinkedIn profiles: Someone may be setting up a mass network of accounts in order to more fully scrape profile information from the entire platform.
“Even with just a standard LinkedIn account, there’s a pretty good amount of profile information just in the default two-hop networks,” Weaver said. “We don’t know the purpose of these bots, but we know creating bots isn’t free and creating hundreds of thousands of bots would require a lot of resources.”
In response to last week’s story about the explosion of phony accounts on LinkedIn, the company said it was exploring new ways to protect members, such as expanding email domain verification. Under such a scheme, LinkedIn users would be able to publicly attest that their profile is accurate by verifying that they can respond to email at the domain associated with their current employer.
LinkedIn claims that its security systems detect and block approximately 96 percent of fake accounts. And despite the recent purges, LinkedIn may be telling the truth, Weaver said.
“There’s no way you can test for that,” he said. “Because technically, it may be that there were actually 100 million bots trying to sign up at LinkedIn as employees at Amazon.”
Weaver said the apparent mass account purge at LinkedIn underscores the size of the bot problem, and could present a “real and material change” for LinkedIn.
“It may mean the statistics they’ve been reporting about usage and active accounts are off by quite a bit,” Weaver said.
The concept of zero trust is not a new one, and some may even argue that the term is overused. In reality, however, its criticality is growing with each passing day. Why? Because many of today’s attacks begin with the user. According to Verizon’s Data Breach Investigations Report, 82% of breaches involve the human element — whether it’s stolen credentials, phishing, misuse or error.
Additionally, today’s businesses are hyper-connected, meaning that — in addition to your employees — customers, partners and suppliers are all part of your ecosystem. Couple that with hybrid work, IoT, the move to the cloud, and more emboldened attackers, and organizational risk increases exponentially.
Adopting a zero trust model can dramatically reduce this risk by eliminating implicit trust. It has become so crucial, in fact, that several governments including the U.S., UK and Australia have released mandates and guidance for how organizations should deploy zero trust to improve national security.
However, because zero trust is more of a concept than a technology, and so many vendors use the term, organizations struggle with the best way to implement it. At Cisco, we believe you should take a holistic approach to zero trust, starting with what you have and adding on as you identify gaps in your defenses. And while layers of protection are necessary for powerful security, so is ease of use.
Zero trust plays a major role in building security resilience, or the ability to withstand unpredictable threats or changes and emerge stronger. Through zero trust, the identity and security posture of users, devices and applications are continuously checked and verified to prevent network intrusions — and to also limit impact if an unauthorized entity does gain access.
Organizations with high zero trust maturity are twice as likely to achieve business resilience.
– Cisco’s Guide to Zero Trust Maturity
Eliminating trust, however, doesn’t really conjure up images of user-friendly technology. No matter how necessary they are for the business, employees are unlikely to embrace security measures that make their jobs more cumbersome and time-consuming. Instead, they want fast, consistent access to any application no matter where they are or which device they are using.
That’s why Cisco is taking a different approach to zero trust — one that removes friction for the user. For example, with Cisco Secure Access by Duo, organizations can provide those connecting to their network with several quick, easy authentication options. This way, they can put in place multi-factor authentication (MFA) that frustrates attackers, not users.
Cisco Secure Access by Duo is a key pillar of zero trust security, providing industry-leading features for secure access, authentication and device monitoring. Duo is customizable, straightforward to use, and simple to set up. It enables the use of modern authentication methods including biometrics, passwordless and single sign-on (SSO) to help organizations advance zero trust without sacrificing user experience. Duo also provides the flexibility organizations need to enable secure remote access with or without a VPN connection.
During Cisco’s own roll-out of Duo to over 100,000 people, less than 1% of users contacted the help desk for assistance. On an annual basis, Duo is saving Cisco $3.4 million in employee productivity and $500,000 in IT help desk support costs. Furthermore, 86,000 potential compromises are averted by Duo each month.
La-Z-Boy, one of the world’s leading residential furniture producers, also wanted to defend its employees against cybersecurity breaches through MFA and zero trust. It needed a data security solution that worked agnostically, could grow with the company, and that was easy to roll out and implement.
“When COVID first hit and people were sent home to work remotely, we started seeing more hacking activity…” said Craig Vincent, director of IT infrastructure and operations at La-Z-Boy. “We were looking for opportunities to secure our environment with a second factor…. We knew that even post-pandemic we would need a hybrid solution.”
“It was very quick and easy to see where Duo fit into our environment quite well, and worked with any application or legacy app, while deploying quickly.” – Craig Vincent, Director of IT Infrastructure and Operations, La-Z-Boy
Today, Duo helps La-Z-Boy maintain a zero trust framework, stay compliant, and get clear visibility into what is connecting to its network and VPN. Zero trust helps La-Z-Boy secure its organization against threats such as phishing, stolen credentials and out-of-date devices that may be vulnerable to known exploits and malware.
As mentioned, zero trust is a framework, not a single product or technology. For zero trust to be truly effective, it must do four things:
Many technology companies may offer a single component of zero trust, or one aspect of protection, but Cisco’s robust networking and security expertise enables us to provide a holistic zero trust solution. Not only can we support all the steps above, but we can do so across your whole IT ecosystem.
Modern organizations are operating multi-environment ecosystems that include a mix of on-premises and cloud technologies from various vendors. Zero trust solutions should be able to protect across all this infrastructure, no matter which providers are in use. Protections should also extend from the network and cloud to users, devices, applications and data. With Cisco’s extensive security portfolio, operating on multiple clouds and platforms, zero trust controls can be embedded at every layer.
Depending on where you are in your security journey, embedding zero trust at every layer of your infrastructure may sound like a lofty endeavor. That’s why we meet customers where they are on their path to zero trust. Whether your first priority is to meet regulatory requirements, secure hybrid work, protect the cloud, or something else, we have the expertise to help you get started. We provide clear guidance and technologies for zero trust security mapped to established frameworks from organizations like CISA and NIST.
Much of our Cisco Secure portfolio can be used to build a successful zero trust framework, but some examples of what we offer include:
All of our technologies and services are backed by the unparalleled intelligence of Cisco Talos — so you always have up-to-date protection as you build your zero trust architecture. Additionally, our open, integrated security platform — Cisco SecureX — makes it simple to expand and scale your security controls, knowing they will work with your other technologies for more unified defenses.
As Italy’s leading insurance company, Sara Assicurazioni requires complete visibility into its extended network, including a multi-cloud architecture and hybrid workforce. The company has adopted a comprehensive zero trust strategy through Cisco Secure.
“Our decentralized users, endpoints, and cloud-based servers and workloads contribute to a large attack surface,” says Paolo Perrucci, director of information and communications technology architectures and operations at Sara Assicurazioni. “With Cisco, we have the right level of visibility on this surface.”
“The main reason we chose Cisco is that only Cisco can offer a global security solution rather than covering one specific point…. Thanks to Cisco Secure, I’m quite confident that our security posture is now many times better because we are leveraging more scalable, state-of-the-art security solutions.” – Luigi Vassallo, COO & CTO, Sara Assicurazioni
To learn more, explore our zero trust page and sign up for one of our free zero trust workshops.
Watch video: How Cisco implemented zero trust in just five months
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In the first step of our doxxing research, we collected a list of our online footprint, digging out the most important accounts that you want to protect and obsolete or forgotten accounts you no longer use. Because the most recent and relevant data is likely to live in the accounts you use regularly, our next step will be to review the full scope of what’s visible from these accounts and to set more intentional boundaries on what is shared.
It’s important to note here that the goal isn’t to eliminate every trace of yourself from the internet and never go online again. That’s not realistic for the vast majority of people in our connected world (and I don’t know about you, but even if it was I wouldn’t want to!) And whether it’s planning for an individual or a giant organization, security built to an impossible standard is destined to fail. Instead, we are shifting you from default to intentional sharing, and improving visibility and control over what you do want to share.
Before making changes to the settings and permissions for each of these accounts, we’re going to make sure that access to the account itself is secure. You can start with your email accounts (especially any that you use as a recovery email for forgotten passwords, or use for financial, medical, or other sensitive communications). This shouldn’t take very long for each site, and involves a few straightforward steps:
The best way to prevent a breached password from exposing another account to attack is to use a unique password for for every website you visit. And while you may have heard previous advice on strong passwords (along the lines of “eight or more characters, with a mix of upper/lower case letters, numbers, and special characters”), more recent standards emphasize the importance of longer passwords. For a great explanation of why longer passwords work better than shorter, multi-character type passwords, check out this excellent XKCD strip:
A password manager will make this process much easier, as most have the ability to generate unique passwords and allow you to tailor their length and complexity. While we’re on the topic of what makes a good password, make sure that the password to access your password manager is both long and memorable.
You don’t want to save or auto-fill that password because it acts as the “keys to the kingdom” for everything else, so I recommend following a process like the one outlined in the comic above, or another mnemonic device, to help you remember that password. Once you’ve reset the password, check for a “log out of active devices” option to make sure the new password is used.
MFA uses two or more “factors” verifying something you know, something you have, or something you are. A password is an example of “something you know”, and here are a few of the most common methods used for an additional layer of security:
If you want to know more about the different ways you can log in with strong authentication and how they vary in effectiveness, check out the Google Security Team blog post “Understanding the Root Cause of Account Takeover.”
Before we move on from passwords and 2FA, I want to highlight a second step to log in that doesn’t meet the standard of strong authentication: password questions. These are usually either a secondary prompt after entering username and password, or used to verify your identity before sending a password reset link. The problem is that many of the most commonly-used questions rely on semi-public information and, like passcodes, are entered on the same device used to log in.
Another common practice is leveraging common social media quizzes/questionnaires that people post on their social media account. If you’ve seen your friends post their “stage name” by taking the name of their first pet and the street they grew up on, you may notice that’s a combination of two pretty common password questions! While not a very targeted or precise method of attack, the casual sharing of these surveys can have consequences beyond their momentary diversion.
One of the first widely-publicized doxxings happened when Paris Hilton’s contact list, notes, and photos were accessed by resetting her password using the password question, “what is your favorite pet’s name?”. Because Hilton had previously discussed her beloved chihuahua, Tinkerbell, the attacker was able to use this information to access the account.
Sometimes, though, you’ll be required to use these password questions, and in those cases I’ve got a simple rule to keep you safe: lie! That’s right, you won’t be punished if you fib when entering the answers to your password questions so that the answers can’t be researched, and most password managers also include a secure note field that will let you save your questions and answers in case you need to recall them later.
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
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Automobile manufacturer Toyota recently announced a data breach that may have exposed the emails of up to 300,000 customers for a period of nearly five years.
Toyota says the breach is the result of a subcontractor posting source code for Toyota’s “T-Connect” app on the software development platform GitHub in December 2017. This code included an access key to the data server that hosted the e-mail addresses and customer management numbers of T-Connect users. The publicly available source code was found on September 15th, 2022, at which time Toyota changed the access key.
Toyota customers affected by this data breach include T-Connect users who registered their email on the Toyota T-Connect site since July 2017.
According to Toyota’s announcement and apology no other personal information such as customer names, phone numbers, and credit cards were affected. (Note that this announcement was published in Japanese—you can use your browser to translate.)
The company further could not confirm whether this information was in fact accessed. However, the company could not deny the possibility that it was at some point during that five-year period.
Toyota said that it will individually send an apology and notification to the registered email address of any customer whose information may have been leaked.
Any time a data breach occurs, it means that your personal information could end up in the hands of a bad actor. Different pieces of personal information can be more useful to them than others. Some are directly useful, such as a Social Security Number or credit card information because they uniquely identify you. Others are indirectly helpful, like device IDs, browsing history, geolocation information, and internet protocol addresses. On their own, such information will not uniquely identify you. Yet with enough indirect information, and in the right combination, a bad actor could use them to piece together your identity.
In light of this, there are a few steps you can take to protect yourself in the aftermath of a data breach, which involves a combination of preventative steps and some monitoring on your part.
Given that email addresses may have been compromised, Toyota specifically warned its customers about the possibility of phishing attacks and other unsolicited emails that may contain malware or links to malicious sites. While it’s always wise to keep a skeptical eye open for unsolicited messages that ask you for information or that contain attachments you weren’t expecting, it’s particularly important after breaches. If you receive such emails, delete them, and don’t click on any links or attachments.
Also note that bad actors may launch phishing attacks where they pose as Toyota, all with the aim to steal personal information. Such emails can clearly look like a scam, such as when they include typos, grammatical errors, or sloppy graphics. Others can look far more sophisticated, almost like a legitimate email. Learning how to tell the two apart can take a little skill, and you can check out this quick read so you can spot and protect yourself from phishing scams.
A complete suite of online protection software can offer layers of extra security. In addition to more private and secure time online with a VPN, identity monitoring, and password management, it includes web browser protection that can block malicious and suspicious links that could lead you down the road to malware or a phishing scam—which antivirus protection can’t do alone. Additionally, we offer $1M identity theft coverage and support from a recovery pro, just in case.
As far as passwords go, strong and unique passwords are best, which means never reusing your passwords across different sites and platforms. Using a password manager will help you keep on top of it all, while also storing your passwords securely. Moreover, changing your passwords regularly may make a stolen password worthless because it’s out of date.
Because so many accounts use an email address as the username, and because email addresses were exposed in the Toyota leak, updating your passwords across your accounts can provide an extra level of protection.
While a strong and unique password is a good first line of defense, enabling two-factor authentication across your accounts will help your cause by providing an added layer of security. It’s increasingly common to see nowadays, where banks and all manner of online services will only allow access to your accounts after you’ve provided a one-time passcode sent to your email or smartphone. If your accounts support two-factor authentication, enable it.
An identity monitoring service can monitor everything from email addresses to IDs and phone numbers for signs of breaches so you can take action to secure your accounts before they’re used for identity theft. Personal information harvested from data breaches can end up on dark web marketplaces where it’s bought by other bad actors so they can launch their own attacks. McAfee’s monitors the dark web for your personal info and provides early alerts if your data is found on there, an average of 10 months ahead of similar services. We also provide guidance to help you act if your information is found.
As mentioned earlier, information stolen in a data breach may indirectly identify you. Yet when pieced together with other information, it can then directly identify you. Cad actors can complete this identity picture puzzle with information provided by data brokers that buy and sell personal information online. However, you can take some control over this. Our Personal Data Cleanup service scans high-risk data broker sites for your personal information and then helps you remove it—which denies bad actors the information they may need to commit identity theft.
If your personal information gets caught up in a data leak or breach, take the steps to protect yourself. Should that information get into the hands of bad actors, it could lead to follow-on attacks such as phishing attempts, account hacks, and, in extreme cases, identity crime.
Further, as in the case of Toyota, it can take months or even years for companies to discover leaks and breaches. From there, it can take yet longer before a company announces the leak or breach. Together, that leaves bad actors with plenty of opportunity to commit all kinds of identity crime in the meantime.
Because of this, taking preventative steps to secure and monitor your identity can help protect you from harm—even if your information wasn’t involved in an attack. With data leaks and breaches of all sizes now commonplace, a proactive stance offers far better protection than reactionary measures taken after the fact.
The post Toyota Data Breach Exposes Customer Data – What You Can Do to Protect Yourself appeared first on McAfee Blog.
Dan Burke is the director of strategy, risk, and compliance for AppDynamics, a company acquired by Cisco in 2017. Burke and his team are a vital part of the Cisco acquisition process in helping acquired companies adhere to a higher level of cybersecurity. This blog is the fourth in a series focused on M&A cybersecurity, following Shiva Persaud’s post on When It Comes to M&A, Security Is a Journey.
Part of the secret to Cisco’s success is its ability to acquire companies that strengthen its technology portfolio and securely integrate them into the larger organization. From the outside, that process might appear seamless—consider Webex or Duo Security, for instance—but a fruitful acquisition takes tremendous work by multiple cross-functional teams, mainly to ensure the acquired company’s solutions and products meet Cisco’s rigorous security requirements.
“My team is responsible for aligning new acquisitions to Cisco controls to maintain our compliance with SOC2 and FedRAMP, as well as other required certifications,” says Burke.
When Cisco acquires a new company, it conducts an assessment and produces a security readiness plan (SRP) document. The SRP details the identified weaknesses and risks within that company and what they need to fix to meet Cisco standards.
“In the past, my team wouldn’t find out about an acquisition until they received a completed SRP. The downside of this approach was that the assessments and negotiations had been done without input from our group of experts, and target dates for resolution had already been decided on,” shares Burke.
“We needed to be involved in the process before the SRP was created to understand all risks and compliance issues in advance. Now we have a partnership with the Cisco Security and Trust M&A team and know about an acquisition months before we can start working to address risks and other issues—before the SRP is completed and the due dates have been assigned,” Burke adds.
“Another issue resolved in this process change is that Cisco can gain earlier access to the people in the acquired company who know the security risks of their solutions. During acquisitions, people will often leave the company, taking with them their institutional knowledge, resulting in Cisco having to start from scratch to identify and assess the risks and determine how best to resolve them as quickly as possible,” says Burke. “It could be vulnerabilities in physical infrastructure or software code or both. It could be that the company isn’t scanning often enough, or they don’t have SOC 2 or FedRAMP certification yet—or they’re not using Cisco’s tools.”
“Third-party vendors and suppliers can also present an issue,” he adds. “One of the biggest risk areas of any company is outside vendors who have access to a company’s data. It’s vital to identify who these vendors are and understand the level of access they have to data and applications. The earlier we know all these things, the more time we must devise solutions to solve them.”
“Now that I’m in the process earlier, I can build a relationship with the people who have the security knowledge—before they leave. If I can understand their mindset and how all these issues came about, I can help them assimilate more easily into the bigger Cisco family,” says Burke.
The additional benefits of bringing teams in earlier are reduced risk and compliance requirements can be met earlier. It also provides a smoother transition for the company being acquired and ensures they meet the security requirements that customers expect when using their technology solutions.
“Without that early involvement, we might treat a low-risk issue as high risk, or vice versa. The misclassification of risk is extremely dangerous. If you’re treating something as high risk, that’s low risk, and you’re wasting people’s time and money. But if something’s high risk and you’re treating it as low risk, then you’re in danger of harming your company,” Burke shares.
“The key is to involve their risk, compliance, and security professionals from the beginning. I think other companies keep the M&A process so closely guarded, to their detriment. I understand the need for privacy and to make sure deals are confidential but bringing us in earlier was an advantage for the M&A team and us,” Burke adds.
When asked what he thinks makes Cisco successful in M&A, Burke says, “Cisco does an excellent job of assimilating everyone into the larger organization. I have worked at other companies where they kept their acquisitions separate, which means you have people operating separately with different controls for different companies. That’s not only a financial burden but also a compliance headache.”
“That’s why Cisco tries to drive all its acquisitions through our main programs and controls. It makes life easier for everyone in terms of compliance. With Cisco, you have that security confidence knowing that all these companies are brought up to their already very high standards, and you can rely on the fact that they don’t treat them separately. And when an acquisition has vulnerabilities, we identify them, set out a remediation path, and manage the process until those risks are resolved,” Burke concludes.
Managing Cybersecurity Risk in M&A
Demonstrating Trust and Transparency in Mergers and Acquisitions
When It Comes to M&A, Security Is a Journey
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What can schools, which all too often make easy prey for cybercriminals, do to bolster their defenses and keep threats at bay?
The post 5 steps to protect your school from cyberattacks appeared first on WeLiveSecurity
AMLBot, a service that helps businesses avoid transacting with cryptocurrency wallets that have been sanctioned for cybercrime activity, said an investigation published by KrebsOnSecurity last year helped it shut down three dark web services that secretly resold its technology to help cybercrooks avoid detection by anti-money laundering systems.
Antinalysis, as it existed in 2021.
In August 2021, KrebsOnSecurity published “New Anti Anti-Money Laundering Services for Crooks,” which examined Antinalysis, a service marketed on cybercrime forums that purported to offer a glimpse of how one’s payment activity might be flagged by law enforcement agencies and private companies that track and trace cryptocurrency transactions.
“Worried about dirty funds in your BTC address? Come check out Antinalysis, the new address risk analyzer,” read the service’s opening announcement. “This service is dedicated to individuals that have the need to possess complete privacy on the blockchain, offering a perspective from the opponent’s point of view in order for the user to comprehend the possibility of his/her funds getting flagged down under autocratic illegal charges.”
Antinalysis allows free lookups, but anyone wishing to conduct bulk look-ups has to pay at least USD $3, with a minimum $30 purchase. Other plans go for as high as $6,000 for 5,000 requests. Nick Bax, a security researcher who specializes in tracing cryptocurrency transactions, told KrebsOnSecurity at the time that Antinalysis was likely a clone of AMLBot because the two services generated near-identical results.
AMLBot shut down Antinalysis’s access just hours after last year’s story went live. However, Antinalysis[.]org remains online and accepting requests, as does the service’s Tor-based domain, and it is unclear how those services are sourcing their information.
AMLBot spokesperson Polina Smoliar said the company undertook a thorough review after that discovery, and in the process found two other services similar to Antinalysis that were reselling their application programming interface (API) access to cybercrooks.
Smoliar said that following the revelations about Antinalysis, AMLBot audited its entire client base, and implemented the ability to provide APIs only after a contract is signed and the client has been fully audited. AMLBot said it also instituted 24/7 monitoring of all client transactions.
“As a result of these actions, two more services with the name AML (the same as AMLBot has) were found to be involved in fraudulent schemes,” Smoliar said. “Information about the fraudsters was also sent to key market participants, and their transaction data was added to the tracking database to better combat money laundering.”
Experts say the founder of Antinalysis also runs a darknet market for narcotics.
The Antinalysis homepage and chatter on the cybercrime forums indicates the service was created by a group of coders known as the Incognito Team. Tom Robinson, co-founder of the blockchain intelligence firm Elliptic, said the creator of Antinalysis is also one of the developers of Incognito Market, a darknet marketplace specializing in the sale of narcotics.
“Incognito was launched in late 2020, and accepts payments in both Bitcoin and Monero, a cryptoasset offering heightened anonymity,” Robinson said. “The launch of Antinalysis likely reflects the difficulties faced by the market and its vendors in cashing out their Bitcoin proceeds.”
Technology has typically had a reputation for being exciting and inventive. Unfortunately, this hasn’t always been the case for security. But times have changed. We are now recognizing the crucial role security plays in any groundbreaking technology. Without strong defenses, even the most visionary app is likely to crash and burn. So it’s imperative that big security players like Cisco stay on top of what’s next.
I am thrilled to announce that in November, we will be launching our new video series, “NEXT” by Cisco Secure. In the series, my esteemed co-host TK Keanini and I will interview some of the brightest new minds in tech to find out more about the future of the industry and how we can best secure it. Watch the series preview below!
As the CTO of Cisco Secure, TK has over 25 years of networking and security expertise, as well as a penchant for driving technical innovation. As for me, I’m a cybersecurity specialist of 10 years with an obsession for communication and empathy. Together, TK and I will bring new cyber pioneers to the forefront and highlight the criticality of digital protection and privacy for everyone.
Whether we’re discussing Web3, the metaverse, or next-generation healthcare, we’ll learn and laugh a lot. Through simple conversations about complex topics, we’re building a bridge between leading-edge tech and how Cisco is helping to safeguard what’s on the horizon.
And what better time to preview this series than during Cybersecurity Awareness Month? A time when we focus on the reality that security belongs to everyone — not just the threat hunter, or the product engineer, or the incident responder — but everyone.
We all have a responsibility to protect the world’s data and infrastructure, and should all have a seat at the table for important security conversations. We hope you’ll join us as we dive into what’s making waves out there, and how we can keep it safe.
Follow our Cisco Secure social channels to catch our first episode in November, when we will speak with Michael Ebel, CEO of Atmosfy. Atmosfy is revolutionizing restaurant reviews by incorporating engaging live video that inspires others and supports local businesses. TK and I will chat with Michael about the origin of Atmosfy, and how the company keeps its content authentic and organization resilient.
In the meantime, explore our other Cybersecurity Awareness Month resources.
Who do you want to hear from next? Tell us your ideas for future guests in the comments.
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Sharing is caring… but on the internet, sharing can also be tricky! When we post something, we have to look at the forest and not just the trees. Doxxers usually start with one or two pieces of relatively innocent or public information, but by connecting the dots between those pieces they can build a frighteningly detailed picture of an individual.
Seemingly innocuous details can be pieced together into a much more personal profile when collected and leveraged to learn more. As one example, your wish list/wedding registry makes it easy for friends and family to get you gifts that you actually want, but could also be used to find out products/services you’re interested in as pretext (setting the scene) of a conversation or phishing email trying to gather more. You may have Google Alerts set up for your name (a great idea!), but this may not flag text in scanned documents such as school yearbooks, newspapers and other digitized paper records available online.
If the above sounds scary – don’t panic! Your first step in this auto-dox is going to be brainstorming as much personally identifying information (PII) shared online as possible. I suggest doing this either in a secure note or longhand. The goal is to write down all of the accounts/addresses/phone numbers that come to mind, as these are some of the top things that attackers will try to gather in their search. Start your list here:
Email addresses are an especially juicy target for someone trying to locate you, because most people only use one personal and maaaybe a second school or work email account. Those accounts are tied to all our other online identities and often double as our username for logging in.
When you finish this process, you will likely have dozens or even hundreds of “breadcrumbs” between your account list and search results. Read through your list again, and we’re going to sort it into three categories:
Great job! You’ve already got a much better idea of what people can learn about you than most folks ever do, and are well on your way to cleaning up your online footprint. In our next step, we’ll start locking down everything that you want to keep!
P.S. If you’re enjoying this process and value keeping people safe online, please check out our open roles at Cisco Secure.
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Microsoft today released updates to fix at least 85 security holes in its Windows operating systems and related software, including a new zero-day vulnerability in all supported versions of Windows that is being actively exploited. However, noticeably absent from this month’s Patch Tuesday are any updates to address a pair of zero-day flaws being exploited this past month in Microsoft Exchange Server.
The new zero-day flaw– CVE-2022-41033 — is an “elevation of privilege” bug in the Windows COM+ event service, which provides system notifications when users logon or logoff. Microsoft says the flaw is being actively exploited, and that it was reported by an anonymous individual.
“Despite its relatively low score in comparison to other vulnerabilities patched today, this one should be at the top of everyone’s list to quickly patch,” said Kevin Breen, director of cyber threat research at Immersive Labs. “This specific vulnerability is a local privilege escalation, which means that an attacker would already need to have code execution on a host to use this exploit. Privilege escalation vulnerabilities are a common occurrence in almost every security compromise. Attackers will seek to gain SYSTEM or domain-level access in order to disable security tools, grab credentials with tools like Mimkatz and move laterally across the network.
Indeed, Satnam Narang, senior staff research engineer at Tenable, notes that almost half of the security flaws Microsoft patched this week are elevation of privilege bugs.
Some privilege escalation bugs can be particularly scary. One example is CVE-2022-37968, which affects organizations running Kubernetes clusters on Azure and earned a CVSS score of 10.0 — the most severe score possible.
Microsoft says that to exploit this vulnerability an attacker would need to know the randomly generated DNS endpoint for an Azure Arc-enabled Kubernetes cluster. But that may not be such a tall order, says Breen, who notes that a number of free and commercial DNS discovery services now make it easy to find this information on potential targets.
Late last month, Microsoft acknowledged that attackers were exploiting two previously unknown vulnerabilities in Exchange Server. Paired together, the two flaws are known as “ProxyNotShell” and they can be chained to allow remote code execution on Exchange Server systems.
Microsoft said it was expediting work on official patches for the Exchange bugs, and it urged affected customers to enable certain settings to mitigate the threat from the attacks. However, those mitigation steps were soon shown to be ineffective, and Microsoft has been adjusting them on a daily basis nearly each day since then.
The lack of Exchange patches leaves a lot of Microsoft customers exposed. Security firm Rapid7 said that as of early September 2022 the company observed more than 190,000 potentially vulnerable instances of Exchange Server exposed to the Internet.
“While Microsoft confirmed the zero-days and issued guidance faster than they have in the past, there are still no patches nearly two weeks out from initial disclosure,” said Caitlin Condon, senior manager of vulnerability research at Rapid7. “Despite high hopes that today’s Patch Tuesday release would contain fixes for the vulnerabilities, Exchange Server is conspicuously missing from the initial list of October 2022 security updates. Microsoft’s recommended rule for blocking known attack patterns has been bypassed multiple times, emphasizing the necessity of a true fix.”
Adobe also released security updates to fix 29 vulnerabilities across a variety of products, including Acrobat and Reader, ColdFusion, Commerce and Magento. Adobe said it is not aware of active attacks against any of these flaws.
For a closer look at the patches released by Microsoft today and indexed by severity and other metrics, check out the always-useful Patch Tuesday roundup from the SANS Internet Storm Center. And it’s not a bad idea to hold off updating for a few days until Microsoft works out any kinks in the updates: AskWoody.com usually has the lowdown on any patches that may be causing problems for Windows users.
As always, please consider backing up your system or at least your important documents and data before applying system updates. And if you run into any problems with these updates, please drop a note about it here in the comments.
“I’ll just Uber home.”
Who hails a taxi anymore? These days, city streets are full of double-parked sedans with their hazards on, looking for their charges. Uber is synonymous with ridesharing and has made it so far into our culture that it’s not just a company name but a verb.
Uber’s reputation has ebbed and flowed since its creation in 2009, and it’s taken another hit recently as more details are coming to light about a massive 2016 cybersecurity breach and the chief security officer’s attempts to cover it up.
In 2016, a ransomware group trawled the internet and gathered Uber’s credentials that opened the door into the company’s server database. The cybercriminals then stole the information of customers and drivers alike and held it for a $100,000 Bitcoin ransom. Joe Sullivan, Uber’s chief security officer at the time, paid the ransom and the criminal group agreed to delete the information they uncovered. While it’s not uncommon for large corporations to give in to cybercriminals and dole out huge ransom payments, Sullivan is facing potential jail time because he didn’t report the incident to the Federal Trade Commission. He was recently found guilty of wire fraud and concealing a felony from authorities.
Uber account holders had their personally identifiable information in nefarious hands without their knowledge. The cybercriminals allegedly downloaded the names, email addresses and phone numbers of 57 million Uber customers and drivers, plus the license plate numbers of 600,000 drivers.1
Organizations have a responsibility to their customers to report any cyberbreaches. With a full name, email address, and phone number, cybercriminals can inflict a lot of damage on an innocent person’s credit, steal money from online accounts, or invade someone’s digital privacy. Customers must act swiftly to put the proper safeguards in place, but they can’t do that if they don’t even know a breach has happened! The longer a cybercriminal has to poke and prod someone’s digital footprint, the more havoc they can wreak and profits they can gain.
Acting swiftly is key to keeping your personally identifiable information (PII) private after a breach, though there are a few measures you can take right now that could prevent your information from being compromised. Here’s what you can do before and after a breach.
One way to shrink your attack surface – or the number of possible entry points into your digital life – is to regularly vet your online accounts and apps. For example, when you’re cleaning your closet, it’s common to donate or trash any clothing you haven’t worn in a year. The same method works for your digital life. If you haven’t logged into a shopping site or mobile gaming app in over a year, it’s unlikely that you will use them anytime soon, so it’s time to say goodbye and delete it.
McAfee credit lock and security freeze are other preventive measures that can keep your credit safe in case your PII is ever compromised. These services make it easy to prevent one or all three major credit bureaus from accessing your credit. In turn, this prevents anyone other than you from opening a bank account, applying for a loan, or making a substantial purchase. If you’re not planning on needing a credit report, it’s a great practice to freeze your credit.
When you first hear of a company’s data leak with which you have an account, the first step you should take is to change your account password. Login and password combinations are often compromised in a data breach. Make sure your new password is strong and is not a duplicate of a password you use elsewhere.
Next, consider running a Personal Data Cleanup scan. Personal Data Cleanup checks risky data broker sites and alerts you if your information appears on any of them. From there, you can take steps to remove your information.
Finally, for the next few weeks, keep close tabs on your financial, online, and email accounts. Watch for suspicious activities like purchases you didn’t make, electronic receipts, notifications, or mailing lists that you didn’t sign up for. McAfee+ Ultimate can help you here with its identity monitoring and full-service Personal Data Cleanup. McAfee+ gives you a partner to alert you and help you recover if your digital privacy is compromised.
Protecting your identity and digital privacy is a two-way street. While identity and privacy protection tools go a long way, individuals also have a responsibility to remain vigilant and take quick action if they suspect their information is compromised. And the ultimate responsibility lies with companies to alert the authorities and their customers after a data leak and to take serious steps to shore up their security to make sure it never happens again.
1The Verge, “Former Uber security chief found guilty of covering up massive 2016 data breach”
The post 57 Million Users Compromised in Uber Leak: Protect Your Digital Privacy and Identity appeared first on McAfee Blog.
How do organizations earn and build trust when it comes to the personal data that customers share with them? Customers certainly expect these organizations to comply with all privacy laws that are now in place in more than 130 countries. Customers also expect them not to sell personal data without consent and to try to avoid data breaches that could expose personal data. While these actions are necessary, organizations still need to do more when it comes to customer trust. According to our latest research, consumers’ top priority is, in fact, for organizations to be more transparent about how they use personal data.
The Cisco 2022 Consumer Privacy Survey, released today, explores what organizations can do to earn and build trust with customers, the actions individuals are taking to protect their data, the impact of privacy laws around the world, and some of the benefits and costs of Artificial Intelligence (AI) and data localization requirements. The report, our fourth annual look at consumer privacy issues, draws on anonymous responses from 2600 adults in 12 countries.
Here are some highlights from the survey:
Check out the associated infographic that provides visual and easily consumable descriptions of the key data.
At Cisco, we believe that privacy is a fundamental human right. Privacy continues to be a high priority for consumers, and organizations need to do their part to protect personal data and build consumer confidence in how this data is being used. Some recommendations for organizations include:
Privacy remains a critical element of trust. Consumers want more transparency and control of their personal data, especially as we continue to see innovations in technology. As we are now in the midst of Cybersecurity Awareness Month in the US and other countries around the world, it’s a great time to learn more and join in activities and discussions that advance cybersecurity.
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One of the oldest tricks in the cybercrime playbook is phishing. It first hit the digital scene in 1995, at a time when millions flocked to America Online (AOL) every day. And if we know one thing about cybercriminals, it’s that they tend to follow the masses. In earlier iterations, phishing attempts were easy to spot due to link misspellings, odd link redirects, and other giveaways. However, today’s phishing tricks have become personalized, advanced, and shrouded in new disguises. So, let’s take a look at some of the different types, real-world examples and how you can recognize a phishing lure.
Every day, users get sent thousands of emails. Some are important, but most are just plain junk. These emails often get filtered to a spam folder, where phishing emails are often trapped. But sometimes they slip through the digital cracks, into a main inbox. These messages typically have urgent requests that require the user to input sensitive information or fill out a form through an external link. These phishing emails can take on many personas, such as banking institutions, popular services, and universities. As such, always remember to stay vigilant and double-check the source before giving away any information.
A sort of sibling to email phishing, link manipulation is when a cybercriminal sends users a link to malicious website under the ruse of an urgent request or deadline. After clicking on the deceptive link, the user is brought to the cybercriminal’s fake website rather than a real or verified link and asked to input or verify personal details. This exact scenario happened last year when several universities and businesses fell for a campaign disguised as a package delivery issue from FedEx. This scheme is a reminder that anyone can fall for a cybercriminals trap, which is why users always have to careful when clicking, as well as ensure the validity of the claim and source of the link. To check the validity, it’s always a good idea to contact the source directly to see if the notice or request is legitimate.
Corporate executives have always been high-level targets for cybercriminals. That’s why C-suite members have a special name for when cybercriminals try to phish them – whaling. What sounds like a silly name is anything but. In this sophisticated, as well as personalized attack, a cybercriminal attempts to manipulate the target to obtain money, trade secrets, or employee information. In recent years, organizations have become smarter and in turn, whaling has slowed down. Before the slowdown, however, many companies were hit with data breaches due to cybercriminals impersonating C-suite members and asking lower-level employees for company information. To avoid this pesky phishing attempt, train C-suite members to be able to identify phishing, as well as encourage unique, strong passwords on all devices and accounts.
Just as email spam and link manipulation are phishing siblings, so too are whaling and spear-phishing. While whaling attacks target the C-suite of a specific organization, spear-phishing rather targets lower-level employees of a specific organization. Just as selective and sophisticated as whaling, spear-phishing targets members of a specific organization to gain access to critical information, like staff credentials, intellectual property, customer data, and more. Spear-phishing attacks tend to be more lucrative than a run-of-the-mill phishing attack, which is why cybercriminals will often spend more time crafting and obtaining personal information from these specific targets. To avoid falling for this phishing scheme, employees must have proper security training so they know how to spot a phishing lure when they see one.
With so many things to click on a website, it’s easy to see why cybercriminals would take advantage of that fact. Content spoofing is based on exactly that notion – a cybercriminal alters a section of content on a page of a reliable website to redirect an unsuspecting user to an illegitimate website where they are then asked to enter personal details. The best way to steer clear of this phishing scheme is to check that the URL matches the primary domain name.
When users search for something online, they expect reliable resources. But sometimes, phishing sites can sneak their way into legitimate results. This tactic is called search engine phishing and involves search engines being manipulated into showing malicious results. Users are attracted to these sites by discount offers for products or services. However, when the user goes to buy said product or service, their personal details are collected by the deceptive site. To stay secure, watch out for potentially sketchy ads in particular and when in doubt always navigate to the official site first.
With new technologies come new avenues for cybercriminals to try and obtain personal data. Vishing, or voice phishing, is one of those new avenues. In a vishing attempt, cybercriminals contact users by phone and ask the user to dial a number to receive identifiable bank account or personal information through the phone by using a fake caller ID. For example, just last year, a security researcher received a call from their financial institution saying that their card had been compromised. Instead of offering a replacement card, the bank suggested simply blocking any future geographic-specific transactions. Sensing something was up, the researcher hung up and dialed his bank – they had no record of the call or the fraudulent card transactions. This scenario, as sophisticated as it sounds, reminds users to always double-check directly with businesses before sharing any personal information.
As you can see, phishing comes in all shapes and sizes. This blog only scratches the surface of all the ways cybercriminals lure unsuspecting users into phishing traps. The best way to stay protected is to invest in comprehensive security and stay updated on new phishing scams.
The post The Seven Main Phishing Lures of Cybercriminals appeared first on McAfee Blog.
It is never too late to start a career in cybersecurity — this may sound cliché, but it holds a lot of truth. If you are passionate about the topic and are ready to put in the work to acquire the skills and knowledge needed, anyone, regardless of educational background, can break into cybersecurity.
At the age of 26, I started a four-year bachelor’s degree in digital forensics. I got introduced to the field by chance after working in data analytics for a few years and taking a college class on criminology. The program that I signed up for was mostly remote, with 80% independent preparation and bi-monthly on-site weekends at the university. I quickly realized that this model of education works great for me — I could read the materials provided by the program at my own pace and use as much external materials to supplement my understanding as needed. While the program was designed for working professionals and classes were spread out over four years, instead of the usual three years for a bachelor’s degree in Germany, it required a lot of discipline to complete the coursework while having a full-time job. Along the way, I learned several things about combining the responsibilities of adult life and achieving the study goals I had set for myself.
Below, I will outline a few recommendations to follow if you would like to break into the security field as an adult learner.
Use visual support to communicate your goals and timeline to others. This makes it easy for them to understand where you stand and why you might pass on the dinner invitation for next weekend.
Small reminders like the one above can help you stay motivated and focused.
One of the first events that I attended as a student was an information day by the German research institute Fraunhofer Institute for Secure Information Technology (SIT). Public institutions like this one tend to offer more affordable events and discount rates for students.
Appreciate the small steps forward and be gentle to your mental health.
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Shiva Persaud is the director of security engineering for Cisco. His team is responsible for the Cisco Secure Development Lifecycle (CSDL), a set of practices based on a “secure-by-design” philosophy developed to ensure that security and compliance are top-of-mind in every step of a solution’s lifecycle. This blog is the third in a series focused on M&A cybersecurity, following Jason Button’s post on Demonstrating Trust and Transparency in Mergers and Acquisitions.
One of the most important considerations when Cisco acquires a company, is ensuring that the security posture of the acquisition’s solutions and infrastructure meets the enterprise’s security standards. That can be a tricky proposition and certainly doesn’t happen overnight. In fact, at Cisco, it only comes about thanks to the efforts of a multitude of people working hard behind the scenes.
“The consistent message is that no matter where a product is in its security journey, from inception to end-of-life activities, there’s still a lot of work that can happen to lead to a better security outcome,” says Persaud.
While Persaud and his team work within Cisco on all the company’s products and solutions, they also play a critical role in maintaining security standards in Cisco’s mergers and acquisitions (M&A) work.
Simply put, Persaud’s team is tasked with identifying the security risks posed by an acquisition’s technology and helping teams mitigate those risks.
“It starts with a risk assessment where we ask ourselves what an attacker would do to compromise this specific technology,” says Persaud. “What are the industry best practices for securing this type of technology? What do our customers expect this technology to provide from a security perspective? And once we have those risks enumerated, we prioritize them to decide which is the most important to take care of first.”
To anticipate where a hacker might find vulnerabilities and the actions they might take, the CSDL team must put themselves in that attack mindset. Fortunately for Persaud, his interest in computer security started as early as middle school. “It just kind of grew from there,” he says. “For many folks I’ve worked with and hired over the years, it’s a similar situation.”
That lifelong interest and experience work to the team’s advantage. They take a risk-based approach to security, in which they identify all the issues that need to be fixed and then rate them based on the likelihood of occurrence and seriousness of the results of an attack. Those ratings inform their decisions on which issues to fix first.
“We come up with ways to go mitigate those risks and co-author a plan called the Security Readiness Plan, or SRP,” Persaud says. “Then we partner with teams to take that plan and execute it over time.”
In alignment with CSDL’s continuous approach to security throughout a solution’s lifecycle, Persaud says that “security is a journey, so the workflow to finish the secure development lifecycle never ends.”
While initial onboarding of an acquired company—including completion of the initial risk assessment and the SRP—typically ends within several months of the acquisition. Persaud adds, “The work continues as the technology is integrated into a larger tech stack or as it’s modified and sold as a standalone offering to our customers.” As the solution or technology evolves and begins to include new features and functionalities, the CSDL work continues to make sure those features are secure as well.
That work can have its obstacles. Persaud says that one of the primary challenges his team deals with is cutting through the flurry of activity and bids for the acquisition’s attention that come pouring in from all sides. It’s a crazy time for both Cisco and the acquisition, with many important tasks at the top of everyone’s to-do lists. “Not just in the security realm,” says Persaud,” but in many other areas, too. So being able to get the acquisition to focus on security in a meaningful way in the context of everything else that’s happening is a major challenge.”
Another challenge is dealing with acquisitions that might not have much security expertise on their original team. That means they’re not able to give Persaud’s team much help in determining where security risks lie and how serious they are—so Cisco’s engineers have a lot more investigative work to do.
When asked what advice he would give to organizations that want to maintain a good security posture when acquiring another company, Persaud names three key factors.
To succeed in M&A security, it’s critical that the organization’s board of directors, CEO, and all subsequent levels of management support and be committed to meeting a high level of security standards and outcomes. The remaining management of the acquisition also needs to be on board with the security commitment, and both organizations should make sure that all employees recognize that commitment and support. If management support is not there, the work ultimately won’t get done. It can be difficult and time-consuming and without companywide recognition of its key importance, it won’t get prioritized, and it will get lost in the myriad of other things that all the teams have to do.
The issue of security can get really complicated, very quickly. Persaud says it’s smart to find industry standards and best practices that already exist and are available to everyone, “so you’re not reinventing the wheel—or more concerning, reinventing the wheel poorly.”
Where to look for those industry standards will vary, depending on the technology stack that needs to be secured. “If you are interested in securing a web application,” says Persaud, “then starting with the OWASP Top Ten list is a good place to start. If you are selling a cloud offer or cloud service, then look at the Cloud Security Alliance’s Cloud Controls Matrix (CCM) or the Cisco Cloud Controls Framework.”
One way to think of it, Persaud says, is that there are a variety of security frameworks certain customers will need a company to adhere to before they can use their solutions. Think frameworks like FedRAMP, SOC-2, Common Criteria, or FIPS.
“You can align your product security work to those frameworks as a baseline and then build on top of them to make technology more resilient.” It’s a great place to start.
It’s essential that an organization be very clear on what it wants to accomplish when it comes to ensuring security of an acquisition’s solutions and infrastructure. This will help it avoid “trying to boil the whole ocean,” says Persaud.
Persaud and his team talk about working up to security fitness the way a runner would start with a 5K and work up to an Ironman competition. “You take progressive steps towards improving,” he says. “You’re very explicit about what milestones of improvement you’ll encounter on your journey of good security.”
Persaud says Cisco is uniquely positioned to help organizations maintain security standards when acquiring other companies. He points to three critical differentiators.
“The level of visibility and support that we have for security at Cisco, starts with our board of directors and our CEO, and then throughout the organization,” says Persaud. “This is a very special and unique situation that allows us to do a lot of impactful work from a security perspective,”
Cisco has long been adamant about security that’s built in from the ground up and not bolted on as an afterthought. It’s the reason the CSDL exists, as well as the Cisco Security & Trust Organization and the many, many teams that work every day to infuse security and privacy awareness into every product, service, and solution—including the technology and infrastructure of newly acquired companies.
Once Persaud’s team has identified and assessed the security risks of an acquisition, his and other teams go about helping the acquisition address and mitigate those risks. Cisco provides a set of common building blocks or tools that teams can use to improve the security posture of an acquisition.
“We have secure libraries that teams can integrate into their code base to help them do certain things securely, so that the individual teams don’t have to implement that security functionality from scratch,” says Persaud. “And Cisco produces certain pieces of hardware that can be leveraged across our product lines, such as secure boot and secure storage.”
“Cisco’s operations stack also has various services acquisitions can use,” says Persaud. “An example of this comes from our Security Vulnerability and Incident Command team (SVIC). They provide logging capabilities that cloud offers at Cisco can leverage to do centralized logging, and then monitor those logs. SVIC also offers a security vulnerability scanning service so individual teams don’t have to do it independently.”
Another critical building block is Persaud’s team and their expertise. They act as a valuable resource that teams can consult when they want to build a new feature securely or improve the security of an existing feature.
Persaud concludes, “Cisco has an extremely strong and active security community where teams can ask questions, gain insights, give guidance, troubleshoot issues, share ideas and technology, and discuss emerging security topics. The community is committed to helping others instead of competing against each other. Members have the mindset of enriching the overall approach to security at Cisco and learning from any source they can to make things continually better.
Managing Cybersecurity Risk in M&A
Demonstrating Trust and Transparency in Mergers and Acquisitions
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