The document outlines the top IT security risks for financial institutions in 2011, highlighting issues such as mobile devices, wireless security, social media risks, and vendor management. It emphasizes the importance of systematic risk management and cites examples of recent breaches to illustrate vulnerabilities. Additionally, it stresses the need for robust mobile device security policies and effective testing programs.

1. Financial Institution Security
Top IT Security Risk
April 13, 2011 - John Abraham

2. Issue 1:
Systematic Risk Management
Focus,
focus,
focus

3. Source: ISO 27001, NIST SP 800-39, PCI DSS, FFIEC, COBIT, 3
HIPAA - Administrative Safeguards (§164.308), ...

4. 4

5. Issue 2:
Mobile Devices in the Enterprise

7. Issue 3:
Wireless

8. Issue 4:
Social Media Information Disclosure

9. Issue 5:
Virtualization Sprawl

10. Issue 6:
rd
3 -Party Mobile Applications
Patch Management
+
Mobile Applications
= Danger!

11. Issue 7:
Vendor Management
The days of
“Oops, it was the vendor”
being a valid excuse for a data
breach are long over.

12. Issue 8:
SQL Injection
Never trust the user!

13. Issue 9:
Inadequate Testing Programs
Existence
does not equal
Effective

14. 14

15. PIX Version 6.3(5)
interface ethernet0 auto
interface ethernet1 auto
interface ethernet2 auto
nameif ethernet0 outside security0
nameif ethernet1 inside security100
nameif ethernet2 dmz security50
...
access-list out permit tcp any host 10.0.0.15 eq smtp
access-list out permit tcp any host 10.0.0.15 eq www
access-list dmz permit ip host 192.168.0.13 172.16.0.0 255.255.255.0
access-list dmz deny ip 192.168.0.0 255.255.255.0 172.16.0.0 255.255.255.0
access-list dmz permit tcp host 192.168.0.13 172.16.0.0 255.255.255.0 eq smtp
access-list in deny tcp host 172.16.0.2 host 192.168.0.13 eq ftp
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq www
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq https
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq 37
access-list in permit udp 172.16.0.0 255.255.255.0 any eq time
access-list in permit udp 172.16.0.0 255.255.255.0 any eq domain
access-list in permit udp 172.16.0.0 255.255.255.0 any eq telnet
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq ssh
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq daytime
access-list in permit tcp 172.16.0.0 255.255.255.0 host 192.168.0.13 eq www
access-list in permit tcp 172.16.0.0 255.255.255.0 host 192.168.0.13 eq https
...
ip address outside 10.0.0.2 255.255.255.0
ip address inside 172.16.0.2 255.255.255.0
ip address dmz 192.168.0.1 255.255.255.0
ip audit info action alarm
ip audit attack action alarm
pdm history enable
arp timeout 14400
global (outside) 1 10.0.0.3
nat (inside) 1 172.16.0.0 255.255.255.0 0 0
static (dmz,outside) 10.0.0.15 192.168.0.13 netmask 255.255.255.255 0 0
access-group out in interface outside
access-group in in interface inside
access-group dmz in interface dmz
... 15

16. PIX Version 6.3(5)
interface ethernet0 auto
interface ethernet1 auto
interface ethernet2 auto
nameif ethernet0 outside security0
nameif ethernet1 inside security100
nameif ethernet2 dmz security50
...
access-list out permit tcp any host 10.0.0.15 eq smtp
access-list out permit tcp any host 10.0.0.15 eq www
access-list dmz permit ip host 192.168.0.13 172.16.0.0 255.255.255.0
access-list dmz deny ip 192.168.0.0 255.255.255.0 172.16.0.0 255.255.255.0
access-list dmz permit tcp host 192.168.0.13 172.16.0.0 255.255.255.0 eq smtp
access-list in deny tcp host 172.16.0.2 host 192.168.0.13 eq ftp
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq www
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq https
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq 37
access-list in permit udp 172.16.0.0 255.255.255.0 any eq time
access-list in permit udp 172.16.0.0 255.255.255.0 any eq domain
access-list in permit udp 172.16.0.0 255.255.255.0 any eq telnet
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq ssh
access-list in permit tcp 172.16.0.0 255.255.255.0 any eq daytime
access-list in permit tcp 172.16.0.0 255.255.255.0 host 192.168.0.13 eq www
access-list in permit tcp 172.16.0.0 255.255.255.0 host 192.168.0.13 eq https
...
ip address outside 10.0.0.2 255.255.255.0
ip address inside 172.16.0.2 255.255.255.0
ip address dmz 192.168.0.1 255.255.255.0
ip audit info action alarm
ip audit attack action alarm
pdm history enable
arp timeout 14400
global (outside) 1 10.0.0.3
nat (inside) 1 172.16.0.0 255.255.255.0 0 0
static (dmz,outside) 10.0.0.15 192.168.0.13 netmask 255.255.255.255 0 0
access-group out in interface outside
access-group in in interface inside
access-group dmz in interface dmz
... 16

17. + + Free
USB Drives

19. Issue 10:
Social Engineering... phishing
Our testing shows:
 30% failure rate
Recent news:
 Epsilon breach
 RSA Security breach

20. Issue 10.5:
Lack of Mobile Device Security Policy
Policy components:
 Access control
 Authentication
 Encryption
 Incident response
 Training & awareness
 Vulnerability management

21. { Thanks! }
John Abraham
jabraham@redspin.com
805-705-8040 (mobile)

22. Summary:
Top Security Risks for 2011
 Risk Management
 Mobile Devices in the Enterprise
 Wireless
 Social Media Information Disclosure
 Virtualization Sprawl

3rd-Party Mobile Applications
 Vendor Management
 SQL Injection
 Inadequate Testing Programs
 Social Engineering
 Mobile Device Security Policy

23. And from last year:
Don't forget about....
 Faulty DMZs
 Virus protection
 Encryption