Tag Archives: London

Cloud security has reached a tipping point, but there’s still plenty to do

by Bharat Mistry

Cybersecurity has long been the number one barrier to the manifold benefits offered by cloud computing deployments. But a new report from .uk registry Nominet out this week seems to indicate that security leaders have turned a corner in terms of their perception of related risk. In fact, nearly two-thirds (61%) of UK and US CISOs said they now feel that cloud breaches are just as likely or less likely than on-premises breaches. This is great news, but it’s not the end of the story.

IT security leaders still face multiple challenges securing their cloud data, and there’s a persistent awareness issue around the shared responsibility model. This is where Trend Micro’s CLOUDSEC conference can help: offering help, advice and war stories from a range of global industry experts.

A more secure cloud
Nominet’s report offers a much-needed riposte to the doom-and-gloom cloud threat research that often dominates the news headlines. Aside from the shifting perceptions around the security of cloud deployments, there was welcome news in that the vast majority (92%) of responding organisations use cloud-based security tools, and the fact that over half (57%) expect to increase their budgets for this next year.

However, other findings remind us that securing the cloud is an ongoing challenge for many. Multi-cloud deployments are particularly vulnerable: over half (52%) of responding organisations running multiple clouds said they’d suffered a breach in the past year, versus a quarter of hybrid and single-cloud users. What’s more, 69% of these compromised multi-cloud organisations said they suffered 11-30 breaches — significantly more than those running just one cloud (19%) or hybrid-cloud businesses (13%).

Multiple clouds, often from different vendors, introduces extra complexity which in turn can create additional security gaps that hackers are only too ready and willing to take advantage of. It doesn’t help that in some organisations, different security tools are used to secure different environments. And in others, there’s still confusion over exactly how much of the cloud security model the provider is responsible for (answer: not as much as you might think).

CLOUDSEC returns
Fortunately, Trend Micro’s popular CLOUDSEC conference is back again this year to answer all your questions about cloud security. We’ve got a host of international experts including a former White House CIO, and the current cybersecurity advisor to the UN to add their perspective. Plus, there are Trend Micro’s own VP of Security Research and Director of Forward-Looking Threat Research to take a look at what’s coming down the road over the coming decade.

This year we’ve also listened to feedback by featuring more industry case studies. That’s why you’ll be able to hear from Thomson Reuters Senior Director of Security Platforms and Engineering, Frank Thomas, on Lessons Learned From My Journey To The Cloud. Also featured are Oxford University global CISO, Marko Jung, in a keynote entitled “Threat Hunting – The Journey to the Cloud”. And there’s insight from Stena AB CISO, Magnus Carling, in his presentation: From Titanic Safety to Cybersecurity.

All that, and there’ll be ample opportunity to chat to keynote speakers and peers in an informal setting during the day and well into the evening. Places are going fast so book your spot to avoid disappointment.

What: CLOUDSEC 2019
When: 13 September 2019
Where: Old Billingsgate Market, London

As millions more records hit the dark web, CLOUDSEC offers best practice security advice

by Ian Heritage

The cybercrime economy has an insatiable appetite. It’s a beast that generates an estimated $1.5 trillion each year, feeding in part off stolen data grabbed in large-scale breaches. Over the past few years both organisations and consumers have arguably become desensitised to these, although with the advent of the GDPR there’s a major new incentive for boards to take security seriously. The latest incidents at CafePress and StockX serve as a depressing reminder that firms are still getting things wrong.

If you are an IT/security leader and need a refresher in current best practices for data security and incident response, Trend Micro’s CLOUDSEC conference next month could offer a great opportunity.

Focus on response
No organisation can expect to be 100% secure today. The odds are stacked too heavily in favour of the attacker. But they can be quick to react to a possible intrusion, blocking and kicking out the hackers before they’ve had a chance to impact the business. Yet both CafePress and StockX have come under criticism for their handling of the respective breaches.

In the case of online merchandise store CafePress, the breach of an estimated 23 million customers was first reported on breach notification site HaveIBeenPwned? in August, despitethe incident occurring back in February. It’s unclear how attackers broke into to the firm’s customer database, but it has been revealed that around half the passwords in the trove were protected by the weak SHA-1 algorithm. The firm’s sluggish approach to notifying its customers, coupled with its storage of passwords in a potentially crackable format, may have put them at extra risk.

In the case of StockX, a database of over 6.8 million user accounts is reportedly already being sold and distributed online. Username and password combinations are fetching as little as $2 and a dark web user has apparently already decrypted the MD5-hashed passwords. It’s fairly certain that these credentials, like those of the CafePress breach, will be used in automated credential stuffing attacks designed to crack open accounts with the same log-ins.

Lessons from the experts
While it’s certainly the responsibility of users to manage their passwords securely, via a password manager and/or 2FA, there are clearly things the firms in question could have done better to reduce the impact of the breaches. Under GDPR rules, notification must happen within 72-hours, for example. Regulators would also take a dim view of firms using weak encryption to protect key data.

Best practice security evolves over time, so it always pays for CISOs to stay abreast of the current recommended advice. That’s where conferences like CLOUDSEC can come in handy, by offering an opportunity to hear from security leaders, industry practitioners and global experts. This year’s event features keynotes from CISOs at Thomson Reuters, Oxford University and Swedish giant Stena alongside Trend Micro experts, a former White House CIO and the UN’s Cybercrime and Cryptocurrency Advisor.

Throughout there’ll be a focus on real-life examples and case studies, to inform and educate attendees about the latest developments in the threat landscape, and how their peers have been able to successfully mitigate cyber risk.

Make sure you book your place at this year’s event today!

What: CLOUDSEC 2019
When: 13 September 2019
Where: Old Billingsgate Market, London

As North Korean crypto-theft ramps up, it’s time for CISOs to prepare for a new reality at CLOUDSEC

by Ian Heritage

It has just emerged that North Korean hackers have made an estimated $2 billion from a long-running campaign targeting banks and cryptocurrency exchanges. The leaked UN report detailing the scheme to make money for the hermit nation’s illegal weapons programme is food for thought for CISOs everywhere. It’s proof of a new reality: that organisations must counter the threat from nation states as well as organised cyber-criminals.

At Trend Micro’s CLOUDSEC conference next month, UN Office on Drugs and Crime (UNODC) cybercrime and crypto-currency advisory Alexandru Caciuloiu will be on hand to share his wisdom.

Continue reading

Hear about the latest in cyber policing at CLOUDSEC

by Ian Heritage

Few people could dispute the vital role government strategy plays in efforts to tackle cybercrime and state-sponsored attacks. The security industry also plays a crucial part in developing products and generating key intelligence to keep organisations safe. But there’s a third essential pillar to these efforts: law enforcement. And the good news is, cross-jurisdictional operations are starting to generate significant results. But recent news from within the EU has shown us that education and societal intervention is just as important as arresting hardened criminals.

Industry professionals wanting to find out more about this valuable work should get down to Trend Micro’s annual CLOUDSEC event in London next month, where leading figures from law enforcement will be sharing their thoughts and expertise.

Arrests and interventions
Global police have been on a roll over the past couple of years, dismantling thriving dark web marketplaces like AlphaBay, Hansa, Wall Street Market and Silkkitie and disrupting major cybercrime rings like Rex Mundi. However, in Europe, there’s a potentially even more important operation currently being run.

The Hack_Right initiative isn’t designed to track down and arrest suspected cyber-criminals, but instead to step in to prevent first-time-offenders becoming serial hackers. It works quite simply: when police spot a possible cyber crime, they visit the suspect and explain what happened – offering the culprit a type of community service rather than pushing them towards the criminal justice system. In this way, the individual gets 10-20 hours of ethical hacking training and help and advice on possible career paths or further education.

It’s a remarkably mature and progressive approach to policing reflective of the fact that the average age of a convicted cyber-criminal is just 19, according to Dutch cyber police. So far the UK’s National Crime Agency (NCA), which is running the programme along with its counterparts in the Netherlands, has already spoken with 400 youngsters. It’s proof of the vital role law enforcers can play in providing a deterrent to would-be offenders. Time will tell how well it works, but it’s worth a shot: the economics of cybercrime and the ease with which tools and know-how can be bought on the dark web mean there will always be a lure for budding black hats.

Focus on policing at CLOUDSEC
An increasingly important part of the CISO’s role is to co-ordinate effectively with law enforcement. That may be in the event of a major cybersecurity breach, where time is of the essence in terms of incident response. Or it could be during outreach and education programmes run by the police themselves. Whatever the cause, it makes sense to get familiar with how policing works in the high-tech crime prevention space.

That’s where CLOUDSEC comes in. Trend Micro’s annual event in September will feature an impressive roster of speakers from law enforcement. There’s former head of the UK’s Police National Cyber Crime Unit, Charlie McMurdie; UN cybercrime advisor, Alexandru Caciuloiu; and others to be announced.

Make sure you reserve your place today!

What: CLOUDSEC 2019
When: 13 September 2019
Where: Old Billingsgate Market, London