Elevated Risk for the financial industry

I noticed that the SANS Institute has published  an entry in today's diary for an elevated risk to the financial industry. An article published on slashdot caught my eye yesterday. As stated from the article:

"Israeli computer security company say they have discovered a fundamental weakness in the system that banks use to keep debit card PIN codes secret while they are transported across bank networks"

For those in the financial industry, it is well known that this month in particular has the highest number of transactions for the year, due to holiday shopping. Unfortunately, it is also a time when the industry is most vulnerable.


Off the top of my head, here are a few of my recommendations and reminders for members of the industry as a whole. The articles previously mentioned are at the bottom of the post.

IT Managers:

While the number of projects and responsibilities have been increasing in the first three quarters of the year, ensure systems administrators and security personnel stager vacations throughout the year to avoid having a shortage of key personnel on hand to respond to incidents that might occur during the peak transaction season.

Risk Managers:

While  Network freezes are common throughout the peak transaction season, and while it is very important to limit network changes, the patch management program should continue during this time frame. It is also important to ensure that members of the incident response team will be on hand to respond to any incidents during the peak season.

Network Administrators: 

While most network changes are limited during the peak season, Network and server monitoring should remain a top priority during this time. Immediately report any incidents or anomalies to the risk management team.

PC Techs:

While many users are on vacation and the work load slows, remember to be on the lookout for any signs of malware and use the time to educate users on the importance of reporting any strange or unusual network or computer behavior to the IT staff or Risk Management team.

Help desk technicians:

Keep a close watch on computer events and verify that any tickets are assigned to staff that are on duty and not out of the office during the holidays. This will allow the IT support staff to respond to incidents quickly. It is also very important to be very cognizant of social engineers that may be pretending to be someone else in order to gain information about the internal workings of your company.

Business system users:

Report any computer problems or network glitches immediately. Remember that there is usually no reason to give out your password to anyone including IT support staff, Network administrators, or information security. These personnel do not need your password as they should have the necessary rights and tools to correct issues without the need of your password.




ATM system called unsafe
http://redtape.msnbc.com/2006/11/researchers_who.html

US DHS Banking Alert
http://isc.sans.org/diary.php?storyid=1899&rss

Published Friday, December 01, 2006 1:36 PM by Anonymous

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