Enterprising Developments

State of IT Security

Joe McKendrick
Insurance Experts' Forum, September 30, 2011

IBM released the results of its latest “X-Force” report, which regularly looks at online security threats from across the planet. There's bad news and good news.

The bad news is, unfortunately, attackers seem to be getting smarter. The good news is we're getting smarter as well.

This year, the big threat is something called “whaling,” a scaled-up version of “phishing.” Put your executives on notice, as whaling targets high-level people in highly visible organizations—ripe targets for stealing sensitive data.

Whaling is a type of spear phishing that targets "big fish.” These targeted attacks are often launched after careful study of a person’s online profiles has armed an attacker with the information needed to create a compelling phishing email that the victim will be fooled into opening.

In addition, there's more of what IBM calls “Advanced Persistent Threats,” coming from teams of professional attackers motivated by a desire to collect strategic intelligence. They have been able to gain and maintain access to critical computer networks through a combination of stealth, sophisticated technical capabilities and careful planning.

The other threat zone is in mobile, the report observes. The many smartphones and tablets being brought into the enterprise are threatening the security of corporate networks. The study projects that 2011 will see twice the number of exploit releases that occurred in 2010. X-Force has observed that many mobile phone vendors do not rapidly push out security updates for their devices. In addition, there has been a rise in the amount of malicious software targeting mobile phones, often distributed through third-party app markets.

So now the bad news is out out of the way; on to the good news. For example, the X-Force study reports, “the first half of 2011 saw an unexpected decrease in web application vulnerabilities, from 49 percent of all vulnerability disclosures down to 37 percent.” This is the first time in five years there has been a decrease in such issues.

Browsers have gotten better as well. High and critical vulnerabilities in web browsers were at their lowest point since 2007, despite an increasingly complex browser market, the report notes. Plus, major botnet operators are taken down and off-line by law enforcement officials, so the report shows a trend in the decline of spam and more traditional phishing tactics.

And, here's some really good news: spam is on the wane. After years of consistent spam growth until the middle of 2010, there has been a significant decline in spam volumes in the first half of this year.

Joe McKendrick is an author, consultant, blogger and frequent INN contributor specializing in information technology.

Readers are encouraged to respond to Joe using the “Add Your Comments” box below. He can also be reached at joe@mckendrickresearch.com.

This blog was exclusively written for Insurance Networking News. It may not be reposted or reused without permission from Insurance Networking News.

The opinions of bloggers on www.insurancenetworking.com do not necessarily reflect those of Insurance Networking News.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments...

Already Registered?

If you have already registered to Insurance Networking News, please use the form below to login. When completed you will immeditely be directed to post a comment.

Forgot your password?

Not Registered?

You must be registered to post a comment. Click here to register.

Blog Archive

What Can Insurers Learn from Home Depot?

The latest cyber-attack highlights the importance of helping policy holders defend themselves.

Not Your Father’s Insurance Company

Carriers need to look at new and impactful ways to be there for their customers.

Watch Out. Apple with Mayo is Heading Your Way

From a health care, health insurance and Internet-of-things perspective, questions still remain.

How to Attract Top Tech Talent

When it comes to rankings of the best places to work, insurers are few and far between. Here’s what those who make the lists do to appeal to IT professionals.

New Generation of Data and Analytics in Cloud

Cloud-based data and analytics products are becoming more common among technology companies, small and midsize businesses and departments.

Aligning People, Processes and Technology for Successful Data Governance

Before your data governance project turns into a nightmare, create a data governance team to help people understand and manage the big data challenge, not just their respective pieces.