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Social Media Balancing Security & Authenticity without Controlling the Message
 

Social Media Balancing Security & Authenticity without Controlling the Message

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Social media is all the rage. According to a recent report, 94 percent of Generation Y has joined a social networking site. Social media is believed to be leading the next social revolution. In fact, ...

Social media is all the rage. According to a recent report, 94 percent of Generation Y has joined a social networking site. Social media is believed to be leading the next social revolution. In fact, social networking has grown so dramatically that it is now the number one activity on the Web. In response to this social media phenomenon, businesses are moving at a rapid pace to take advantage of the untapped opportunity by making social media an integral part of their business strategy.

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  • Use of web 2.0 applications is growing within enterprises at astonishing rates as companies take advantage of increased productivity and younger workers demand access.Web 2.0 opens new risk vectors to cybercriminals as they can quickly exploit the desire of the community members to “trust” each other in order to quickly gain control of passwords and further infiltrate the community and/or endpoint of the of the end-user.As TCO pressures mount enterprises will turn increasingly towards the use of web 2.0 and laptop subsidy programs where company employees can go and purchase any PC or mobile phone they desire from retail store fronts.IT now finds itself in the role of saying yes, and in doing so must look to educate the organization in defining what its appetite for risk is.
  • More than 50% of IT security and operations professionals see increasing use of web 2.0 technologies within your organizations in the next 12-24 months.* - Ponemon Survey
  • It took 9 monthsFacebook 100M UsersiPhone 1B DownloadsFacebook is would be the 4th largest country in the worldChinaIndiaUSFacebookIndonesiaBrazilPakistanBangladesh
  • New threat vector to steal identify, damage corporate brand, spreading malware, launching assaults on ind brand and company brandBusinesses that don’t listen – the bad guys can be an imposter and you wouldn’t know it. Risks include identity theft and malware to the letting careless potential employees – which can damage corporate brand and messaging. Extract profile information which would then be hosted at a third party location with obvious security implicationsPerpetrator registered a fraudulent account on MySpace under Triple H The adoption of Enterprise 2.0 applications is being driven by users, not by IT. The ease with which they can be accessed, combined with the fact that newer (younger) employees are accustomed to using them, points toward a continuation of this trend.These applications are delivering business value – they are rapidly becoming part of “how business gets done” – but the risks are not being weighed by users.Companies are seeing measurable benefits from the use of Enterprise 2.0 applications and technologies.The dominant underlying technology used to deliver these new community and collaborative based applications is the browser .Companies & users do not take into account the business and security risks that these applications present as Organizations are scrambling to determine policies, address security issues, and enable appropriate use.
  • Cyber attacks take advantage of the trust factor prevalent among users of social media tools and sites. They can quickly capture passwords, infiltrate the social network and replicate their attack and load key logger or other malware.May social networking sites run applications that can allow employees to download apps that run malicious code from third parties.
  • FB offers thousands of integrated applications that its users can install and run. Also – URL shortening links from trusted users. Very little regulations or standards to adhere to. Botnet driven operations--Worm spreads via address replicator--Members trust downloadsMALWARE installed: --Pitches scareware --Steals cookies --Installs Waldac email spamming engine --Installs ZeuS banking Trojan --Carries out click-through fraud
  • One of the best things about FB is that you know who you’re dealing with. You’ve verified every friend you’re connected to. Now scammers are using this trust to their advantage.
  • US extends its lead as No. 1 country hosting phishing attacks (according to Mark Monitor)More than 500 orgs worldwide were phished in the first quarter of this yearPhishing attacks rose by 240 percent compared to same time last year (June 29, 2009)7,400 cyber-squatted domains targeted four financial brands 40 percent of all phishing attacks in Q1 were against payment service providers
  • To proactively protect the business and the brand – register your domain name as you would on a website (on all major social networking sites)
  • Policy that states how social networking sites and applications can be used

Social Media Balancing Security & Authenticity without Controlling the Message Social Media Balancing Security & Authenticity without Controlling the Message Presentation Transcript

  • Social Media: Balancing Security & Authenticity w/o Controlling the MessageCindy Kim, Dir. Of Corp Comm (@CindyKimPR)Chris Hewitt, Sr. Dir. Of Marketing Ops (@chewitt)
  • Social media revolution
  • 3
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    • Use of web 2.0 applications is growing within enterprises at astonishing rates as companies take advantage of increased productivity and younger workers demand access.
    • Web 2.0 opens new risk vectors to cybercriminals as they can quickly exploit the desire of the community members to “trust” each other in order to quickly gain control of passwords and further infiltrate the community and/or endpoint of the of the end-user.
    • As TCO pressures mount enterprises will turn increasingly towards the use of web 2.0 and laptop subsidy programs where company employees can go and purchase any PC or mobile phone they desire from retail store fronts.
    • IT now finds itself in the role of saying yes, and in doing so must look to educate the organization in defining what its appetite for risk is.
  • 4
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    It’s a Web 2.0 World Today
  • Web 2.0
    The applications we use today for productivity
    Collaborative / Browser-based / Open Source
    Social Communities, Gadgets,Blogging and Widgets
    open up our networks to increasing risk everyday.
  • 6
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    Think it’s Just a Fad?
  • 7
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    More than 50% of IT security and operations professionals see increasing use of web 2.0 technologies within your organizations in the next 12-24 months.*
  • 8
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    38
    13
    4
    3
    Years to Reach 50M Users:
  • In Just 9 Months:
    9
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    100M Users
    1B Downloads
  • If Facebook were a country:
    10
    PROPRIETARY & CONFIDENTIAL - NOT FOR PUBLIC DISTRIBUTION
    It would be the 4th largest country in the world
    China
    India
    US
    Facebook
    Indonesia
    Brazil
    Pakistan
    Bangladesh
  • Security the Achilles Heel of Social Media?
  • The number of people using the Web will increase by 45% to 2.2B by 2013
    Total global Internet audience is 625M
    2/3 have joined social networking (427M)
    Security risks are equally substantial
    *Forrester Research, 2009
  • Businesses are NOW at RISK…
    • Cyber attacks take advantage of TRUST
    • They can quickly capture passwords toINFILTRATEsocial networks
  • 17
    Koobfaceunleashed
    Member
    account
  • Phishing Scam
  • Hacked
  • Social Networking Phishing Attacks….
    …up by 240%
  • Authenticity without losing control
  • Protect the BRAND without Controlling the Message…
    Engage
    Listen & Monitor
    Educate
    Create a Policy
  • Trends in social media: a look at 2010 & beyond
  • Social Media Evolution
  • Key Takeaways…
    • No simple solution to manage these risks
    • Blocking hinders productivity and morale
    • Adopt Acceptable Use of Policy & Work w/ IT Teams
    • Don’t be naïve – before you CLICK,verify information & link
    • Change your Password ASAP if hacked
    • Alert your network if you suspect that they’ve been hacked!
  • Details:Cindy Kim: Blog: http://cindykimblog.wordpress.comChris Hewitt: Blog: http://whatdoesmarketingreallydo.wordpress.com