Showing posts sorted by relevance for query McAfee. Sort by date Show all posts
Showing posts sorted by relevance for query McAfee. Sort by date Show all posts

UK is Enhancing Cyber Security to fight Against Hackers

The fight against cyber crime needs a stronger common international legal framework to enable perpetrators outside the country of their victims to be tracked down and punished, a British security official said on Tuesday.
James Brokenshire, a Home Office (Interior Ministry) Minister for Crime and Security, added in remarks to reporters that governments and companies had to work much more closely together to fight the "scammers, fraudsters and hackers" who were creating a truly global problem.
"Active international partnerships are central to tackling cyber crime," he said. "There needs to be an international response including international treaties, bilateral treaties and common agreements between countries." A priority for governments is to find ways of hunting criminals across borders and ensuring they are punished, but many nations lack a common definition of cyber crime or common legal standards that would enable prosecutions of criminals operating offshore. Security experts have long said the core problem has been that nations are thinking too parochially about their online security to collaborate on crafting global cyber regulation.
High-profile online assaults in recent weeks have targeted the International Monetary Fund, the U.S. Central Intelligence Agency and the U.S. Senate, and companies such as Citigroup and Lockheed Martin Corp. The raids have raised doubts about the security of government and corporate computer systems and the ability of law enforcement to track down hackers. Saying there should be "no safe haven" for online criminals, Brokenshire added that governments had to work with the private sector to provide technical expertise to police in those countries that lacked the resources to fight cyber criminals.

He was speaking at the launch of the International Cyber Security Protection Alliance (ICSPA), a global not-for-profit organisation that aims to channel funding, expertise and help directly to law enforcement cyber crime units around the world.The venture, which will seek funding from the European Union, governments of the United States, Canada, Australia, New Zealand and Britain, and private sector companies, plans to work in partnership with European police agency EUROPOL.
Rik Ferguson, Director of Security Research at Trend Micro said areas of concern to ICSPA included Brazil, which had expertise in banking malware, China, where computers were often used by criminals elsewhere to host attacks in third countries, and Russia and Ukraine.Companies supporting the venture include McAfee , Cassidian, Trend Micro, Yodel, Core Security Technologies, Visa Europe , Shop Direct group, A&REdelman, Transactis and Article10. Cyber crime costs the British economy some 27 billion pounds ($43.5 billion) a year and appears to be "endemic", according to the first official government estimate of the issue published in February 2011.
Brokenshire's call echoes remarks by U.S. Secretary of Homeland Security Janet Napolitano who said last week that cyber criminals were outwitting national and international legal systems that fail to embrace technological advances.

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Vulnerability in Apple MacBooks Which Could ruin Batteries


One prominent security researcher has discovered a vulnerability in the batteries of Apple's MacBook line of portable computers that could allow hackers to ruin the batteries or install malware on them that could corrupt a Mac.
Charlie Miller, a renowned white-hat hacker who works for security firm Accuvant, plans to reveal and offer a fix next month for a MacBook battery vulnerability he has discovered, Forbes reports. Miller uncovered default passwords, which are used to access the microcontroller in Apple's batteries, within a firmware update from 2009 and used them to gain access to the firmware.

Apple and other laptop makers use embedded chips in their lithium ion laptop batteries to monitor its power level, stop and start charging and regulate heat.
During the course of his tests, the researcher "bricked" seven batteries, rendering them unusable by rewriting the firmware. Of more concern is the possibility that hackers could use the vulnerability to install difficult to remove malware, or, in a worst case scenario, cause the batteries to explode.

“These batteries just aren’t designed with the idea that people will mess with them,” he said. “What I’m showing is that it’s possible to use them to do something really bad.” According to him, IT few administrators would think to check the battery, providing hackers with an opportunity to hide malicious software on a battery that could repeatedly implant itself on a computer.

Miller admitted that he hasn't tried to blow up any batteries, but he did say it might be possible. "You read stories about batteries in electronic devices that blow up without any interference,” he noted. “If you have all this control, you can probably do it.”
another researcher, Barnaby Jack, who works for antivirus software maker McAfee, also looked into the battery issue a couple years ago, but said he didn't get as far as Miller did.

Miller, who is a regular winner of security contests demonstrating Mac, Safari and iPhone exploits, has notified Apple and Texas Instruments of the issue. Despite requests from several other researchers not to proceed, he plans to unveil the vulnerability, along with a fix he calls "Caulkgun," at the Black Hat security conference next month.
"Caulk Gun" will change a battery's default passwords to a random string of characters. While the fix will prevent hackers from breaking into the battery, it would also block any future firmware updates from Apple.

In spite of the battery vulnerability that he uncovered, Miller believes Mac OS X security is better than ever before. According to him, Apple engineers made few security-related changes in the jump from Leopard to Snow Leopard, but they made substantial improvements in Mac OS X 10.7 Lion, which was released on Wednesday.
"Now, they've made significant changes and it's going to be harder to exploit,” he said, as noted by The Register.
“It's a significant improvement, and the best way that I've described the level of security in Lion is that it's Windows 7, plus, plus,” said noted security consultant Dino Dai Zovi.
Apple offered security researchers, including Miller and Dai Zovi, an unprecedented early look at Lion in order to get their feedback.
According to researchers, Lion's biggest security improvement is Lion's support for Address Space Layout Randomization. ASLR randomizes the location of critical system components to reduce the risk of attack. Apple also added sandboxing security measures in Safari that will isolate potential bugs or malware. Finally, the newly revamped File Vault now allows an entire drive to be encrypted.


-News Source (Appleinsider)

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Cyber crime gets more personalised


Rajesh, a Bangalore-based software engineer received an e-mail from the Income Tax department saying that the department had reviewed his ‘tax fiscal payments’ for previous months and his ‘returns filed online’, and that he is eligible for a tax refund of Rs 40,135.50. However, what made him curious was the fact that he did not file his IT returns online.
The e-mail also contained a link for further details. He wasn’t convinced and checked the address of the sender; the id was same as that of the I-T department. However, when he clicked on the link he sensed he was the target of a cyber attack.
“I clicked the link, but when I saw some Brazilian ads on the website I got suspicious. Luckily, I didn’t reveal any important information,” says Rajesh.
Rajesh is one of the many tax payers in the country, who are facing such attacks at the beginning of the new financial just at the time of filing I-T returns. According to security experts, cyber criminals with an intention of stealing money and other personal information of netizens are becoming increasingly active. These perpetrators closely monitor netizens’ day to day activities on the Web and plan attacks. “Today’s phishing sites and spam e-mails are sophisticated enough to look identical to a legitimate e-mail and can easily betray you,” said a security expert.
A recent study by security solutions provider Websense says that 93 per cent of emails are spam. Of these, 2.5 per cent are phishing attacks. Another trend emerging is the attack based on search words. The search terms and trends vary based on the geography and seasons. For example, the subject lines of the recent spam mails and phising mails were Egypt revolution, Libyan unrest, and Japan tsunami among others.
Vinoo Thomas, technical product manager, McAfee Labs says: “Spammers and cyber criminals track most searched words and plan an attack accordingly. Earlier, the attacks were based depending upon festive seasons and other occasions, but now they are targeted at the individual level.”
As social media platforms such as twitter, Facebook and Orkut are gaining more acceptance, criminals also track these social networks and gather an individual’s personal information. Spear phishing is a more targeted and dangerous form of phishing attack. The e-mails are targeted at a particular user; the spear phisher thrives on familiarity by knowing the name, email address, etc.
“Criminals follow you on social networks, which gives them details about your location and background. This helps them reach you and send you spam mails,” said Anand Naik, Director, Systems Engineering, Symantec.
These days spam mails also originate with links of malicious sites, and on clicking them malicious content or codes are downloaded to the system. Spammers use URL shortening services to direct users to malicious links without their knowledge.
According to a data from Symantec, in March this year, 83.1 per cent of global spam was sent from botnets. Botnets have been and remain a destructive resource for cyber criminals. In addition to anonymous spam-sending, many botnets can be used for a number of other purposes, such as launching distributed denial of service attacks, hosting illegal website content on infected computers and installing spyware to track the activities of the users.
The study also said that India is among the top three countries for both infections for the five biggest spam-sending botnets — Rustock, Bagle, Festi, Cutwail and Lethic.

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BlackBerry phones hit by ZeuS Trojan virus


If you thought your phone is virus-proof, think again. There is a virus on the block that has started affecting all BlackBerry devices. And the worse part is that an user will never know whether her phone has been affected or not. 

Amit Nath, country manager, India and SAARC at Trend Micro, claims researchers at the firm were alerted to the discovery of a ZeuS Trojan specifically targeting BlackBerry users. It aims to monitor users' private information especially when they conduct mobile banking, says Nath. 

"It does not display any graphical user interface that can prompt users about the infection. Instead, it removes itself from the list of applications. The virus can view, delete and forward text messages, block calls, change the administrator on the device and block phone numbers. It allows the hacker to change the telephone number the device sends all the data to in the event that it gets shut down," he said. 

"Although there is no definite data on how many phones have been hit, we are sure it is spreading fast even in India. However, as users mostly don't get to know they have been infected, it's difficult to fix a number. We have detected instances of the virus on our clients' networks. This virus have the capability of spreading on its own and infecting phones that do not have anti-virus software installed," Nath points out. 
Jagannath Patnaik, director, channel sales south Asia at Kaspersky Lab , says: "There has been a new wave of malware attack that has started affecting BlackBerry and it has originated from Poland. The aim is to extract banking passwords." 

An email sent to Research In Motion , manufacturers of BlackBerry phones, went unanswered despite repeated reminders. 
Trend Micro Researchers, the ZeuS Trojan is capable of blocking calls, registering a new administrator, adding and removing sender, switch the phone on or off remotely and, most important, hiding text messages and sending it to the hacker without the user's knowledge. 

Abhijit Limaye, director, development at Symantec, said: "BlackBerry has a reputation as being a secure platform. However, it is still susceptible to malware threats and has issued advice documentation for customers to minimise risks. They have also released software applications to help customers protect their data." Vinoo Thomas, technical product manager at McAfee Labs , said: "While Trojan virus can replicate and spread on its own, there are a few spyware that needs to be loaded manually. One can buy the spyware programs like MobiSpy, MobiStelath and FlexiSpy for between $40 and $80." 

One reason for infection could be downloading of out-of-box applications on a BlackBerry. Zaki Qureshi, a professional ethical hacker, said: "BlackBerry phones have high security features, but if users instal out-of-the-box applications, chances of infection rises."

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Metasploit 4.2.0 Released With IPv6 Support & Virtualization Target Coverage

Metasploit 4.2.0 Released With IPv6 Support & Virtualization Target Coverage
Earlier we haev discussed many times about one of the most famous and widely used exploitation framework named Metasploit. Yet again the Rapid 7 released another updated version of Metasploit. This update brings Metasploit to version 4.2.0, adding IPv6 support and virtualization target coverage. You'll also notice a new Product News section and update notification for our weekly updates. Since the last major release (4.1.0), added 54 new exploits, 66 new auxiliary modules, 43 new post-exploitation modules, and 18 new payloads. 
Brief About Metasploit:- 
The Metasploit Framework is a penetration testing toolkit, exploit development platform, and research tool. The framework includes hundreds of working remote exploits for a variety of platforms. Payloads, encoders, and nop slide generators can be mixed and matched with exploit modules to solve almost any exploit-related task.
Module Changes:-
  •     Novell eDirectory eMBox Unauthenticated File Access
  •     JBoss Seam 2 Remote Command Execution
  •     NAT-PMP Port Mapper
  •     TFTP File Transfer Utility
  •     VMWare Power Off Virtual Machine
  •     VMWare Power On Virtual Machine
  •     VMWare Tag Virtual Machine
  •     VMWare Terminate ESX Login Sessions
  •     John the Ripper AIX Password Cracker
  •     7-Technologies IGSS 9 IGSSdataServer.exe DoS
  •     Microsoft IIS FTP Server <= 7.0 LIST Stack Exhaustion
  •     DNS and DNSSEC fuzzer
  •     CheckPoint Firewall-1 SecuRemote Topology Service Hostname Disclosure
  •     CorpWatch Company ID Information Search
  •     CorpWatch Company Name Information Search
  •     General Electric D20 Password Recovery
  •     NAT-PMP External Address Scanner
  •     Shodan Search
  •     H.323 Version Scanner
  •     Drupal Views Module Users Enumeration
  •     Ektron CMS400.NET Default Password Scanner
  •     Generic HTTP Directory Traversal Utility
  •     Microsoft IIS HTTP Internal IP Disclosure
  •     Outlook Web App (OWA) Brute Force Utility
  •     Squiz Matrix User Enumeration Scanner
  •     Sybase Easerver 6.3 Directory Traversal
  •     Yaws Web Server Directory Traversal
  •     OKI Printer Default Login Credential Scanner
  •     MSSQL Schema Dump
  •     MYSQL Schema Dump
  •     NAT-PMP External Port Scanner
  •     pcAnywhere TCP Service Discovery
  •     pcAnywhere UDP Service Discovery
  •     Postgres Schema Dump
  •     SSH Public Key Acceptance Scanner
  •     Telnet Service Encyption Key ID Overflow Detection
  •     IpSwitch WhatsUp Gold TFTP Directory Traversal
  •     VMWare ESX/ESXi Fingerprint Scanner
  •     VMWare Authentication Daemon Login Scanner
  •     VMWare Authentication Daemon Version Scanner
  •     VMWare Enumerate Permissions
  •     VMWare Enumerate Active Sessions
  •     VMWare Enumerate User Accounts
  •     VMWare Enumerate Virtual Machines
  •     VMWare Enumerate Host Details
  •     VMWare Web Login Scanner
  •     VMWare Screenshot Stealer
  •     Capture: HTTP JavaScript Keylogger
  •     Oracle DB SQL Injection via SYS.DBMS_CDC_SUBSCRIBE.ACTIVATE_SUBSCRIPTION
  •     Asterisk Manager Login Utility
  •     FreeBSD Telnet Service Encryption Key ID Buffer Overflow
  •     Linux BSD-derived Telnet Service Encryption Key ID Buffer Overflow
  •     Java Applet Rhino Script Engine Remote Code Execution
  •     Family Connections less.php Remote Command Execution
  •     Gitorious Arbitrary Command Execution
  •     Horde 3.3.12 Backdoor Arbitrary PHP Code Execution
  •     OP5 license.php Remote Command Execution
  •     OP5 welcome Remote Command Execution
  •     Plone and Zope XMLTools Remote Command Execution
  •     PmWiki <= 2.2.34 pagelist.php Remote PHP Code Injection Exploit
  •     Support Incident Tracker <= 3.65 Remote Command Execution
  •     Splunk Search Remote Code Execution
  •     Traq admincp/common.php Remote Code Execution
  •     vBSEO <= 3.6.0 proc_deutf() Remote PHP Code Injection
  •     Mozilla Firefox 3.6.16 mChannel Use-After-Free
  •     CTEK SkyRouter 4200 and 4300 Command Execution
  •     Adobe Flash Player MP4 SequenceParameterSetNALUnit Buffer Overflow
  •     Icona SpA C6 Messenger DownloaderActiveX Control Arbitrary File Download and Execute
  •     HP Easy Printer Care XMLCacheMgr Class ActiveX Control Remote Code Execution
  •     Viscom Image Viewer CP Pro 8.0/Gold 6.0 ActiveX Control
  •     Java MixerSequencer Object GM_Song Structure Handling Vulnerability
  •     MS05-054 Microsoft Internet Explorer JavaScript OnLoad Handler Remote Code Execution
  •     MS12-004 midiOutPlayNextPolyEvent Heap Overflow
  •     Viscom Software Movie Player Pro SDK ActiveX 6.8
  •     Adobe Reader U3D Memory Corruption Vulnerability
  •     Aviosoft Digital TV Player Professional 1.0 Stack Buffer Overflow
  •     BS.Player 2.57 Buffer Overflow
  •     CCMPlayer 1.5 m3u Playlist Stack Based Buffer Overflow
  •     Free MP3 CD Ripper 1.1 WAV File Stack Buffer Overflow
  •     McAfee SaaS MyCioScan ShowReport Remote Command Execution
  •     Mini-Stream RM-MP3 Converter v3.1.2.1 PLS File Stack Buffer Overflow
  •     MS11-038 Microsoft Office Excel Malformed OBJ Record Handling Overflow
  •     Ability Server 2.34 STOR Command Stack Buffer Overflow
  •     AbsoluteFTP 1.9.6 - 2.2.10 LIST Command Remote Buffer Overflow
  •     Serv-U FTP Server < 4.2 Buffer Overflow
  •     HP OpenView Network Node Manager ov.dll _OVBuildPath Buffer Overflow
  •     XAMPP WebDAV PHP Upload
  •     Avid Media Composer 5.5 - Avid Phonetic Indexer Buffer Overflow
  •     Citrix Provisioning Services 5.6 SP1 Streamprocess Opcode 0x40020000 Buffer Overflow
  •     HP Diagnostics Server magentservice.exe Overflow
  •     StreamDown 6.8.0 Buffer Overflow
  •     Wireshark console.lua Pre-Loading Script Execution
  •     Oracle Job Scheduler Named Pipe Command Execution
  •     SCADA 3S CoDeSys CmpWebServer <= v3.4 SP4 Patch 2 Stack Buffer Overflow
  •     Sunway Forcecontrol SNMP NetDBServer.exe Opcode 0x57
  •     OpenTFTP SP 1.4 Error Packet Overflow
  •     AIX Gather Dump Password Hashes
  •     Linux Gather Saved mount.cifs/mount.smbfs Credentials
  •     Multi Gather VirtualBox VM Enumeration
  •     UNIX Gather .fetchmailrc Credentials
  •     Multi Gather VMWare VM Identification
  •     UNIX Gather .netrc Credentials
  •     Multi Gather Mozilla Thunderbird Signon Credential Collection
  •     Multiple Linux / Unix Post Sudo Upgrade Shell
  •     Windows Escalate SMB Icon LNK dropper
  •     Windows Escalate Get System via Administrator
  •     Windows Gather RazorSQL Credentials
  •     Windows Gather File and Registry Artifacts Enumeration
  •     Windows Gather Enumerate Computers
  •     Post Windows Gather Forensics Duqu Registry Check
  •     Windows Gather Privileges Enumeration
  •     Windows Manage Download and/or Execute
  •     Windows Manage Create Shadow Copy
  •     Windows Manage List Shadow Copies
  •     Windows Manage Mount Shadow Copy
  •     Windows Manage Set Shadow Copy Storage Space
  •     Windows Manage Get Shadow Copy Storage Info
  •     Windows Recon Computer Browser Discovery
  •     Windows Recon Resolve Hostname
  •     Windows Gather Wireless BSS Info
  •     Windows Gather Wireless Current Connection Info
  •     Windows Disconnect Wireless Connection
  •     Windows Gather Wireless Profile
For additional information click Here. To Download Metasploit version 4.2.0 for windows & Linux click Here.

 -Source (rapid7)



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Cloud Computing: Managing Risk and Compliance in the Cloud


Cloud computing represents today's big innovation trend in the information technology (IT) space. Because it allows enterprises to deploy quickly, move swiftly, and share resources, cloud computing is rapidly replacing conventional in-house facilities at enterprises of all sizes.
Unfortunately, in their eagerness to adopt cloud platforms and applications, enterprises are neglecting to recognize and address the compliance and security risks that come with implementation. Often the ease of getting a business into the cloud - a credit card and a few keystrokes is all that is required - provides a false sense of security.
However, shortcomings in the cloud providers' security strategy can trickle down to the businesses that leverage their services. In this context, damages can range from pure power outages impacting business performance, data loss, unauthorized disclosure, data destruction, copyright infringement, to brand reputational loss.
Risk in the Cloud
For enterprises planning to transition their IT environment to the cloud, it is imperative to be cognizant of issues such as loss of control and lack of transparency, which are often overlooked. Cloud providers may have service level agreements in place, but security provisions, the physical location of data, and other vital details may not be well defined. This leaves enterprises in a bind, as they must also meet contractual agreements and regulatory requirements for securing data and comply with countless breach notification and data protection laws.

Whether organizations plan to use public clouds, which promise an even higher return on investment, or private clouds, better security and compliance is needed. To address this challenge, organizations should institute policies and controls that match their pre-cloud requirements. At the end, why would you apply less stringent requirements to a third-party IT environment than your own - especially if it potentially impacts your business performance and valuation?
Recent cyber-attacks and associated data breaches of Google and Epsilon (a marketing services firm) are prime examples of why companies need to think about an advanced risk and compliance plan that includes their third-party managed cloud environment.
To protect your business, you should insist that your cloud service provider provides visibility into security processes and controls to ensure confidentiality, integrity, and availability of data.
Best Practices for Cloud Risk Management
According to Jim Reavis, co-founder and executive director of the Cloud Security Alliance (CSA), main inhibitors to the adoption of cloud computing in large organizations are consistent and standardized frameworks, open standards, interfaces that address security controls, and easy-to-implement processes to provide assurances on levels of Governance, Risk, and Compliance and security in cloud environments.
According to a report by Forrester Research (Compliance with Clouds: Caveat Emptor, August 2010) organizations should not wait for the cloud industry to step up its support for regulatory compliance, but instead security professionals should look beyond their cloud providers for compensating controls to aid cloud sourcing.
This view is obviously shared by IT and security leaders, who responded to the 2011 Global State of Information Security Survey of PricewaterhouseCoopers, CIO Magazine, and CSO Magazine, as they identified compliance (34%) and regulatory compliance (33%) among the top five business issues that will drive information security spending in their organization in 2011.
As cloud computing is still an emerging technology space, advice on how to address cloud risk management is limited. What best practices should organizations follow? Probably the best bet are the guidelines developed by the Cloud Security Alliance, a non-profit organization formed to promote the use of best practices for providing security assurance within cloud computing.
The CSA defines three distinct stages of a cloud adoption life cycle, starting with cloud risk readiness assessment, cloud risk operations monitoring, and finally leading to cloud audits (an area that still requires further standardization).
Cloud Risk Readiness
When you transition your IT infrastructure to a cloud environment you have to find ways to determine how to trust your cloud provider with your sensitive data. Practically speaking, you need the ability to assess security standards, trust security implementations, and prove infrastructure compliance to auditors.
To quickly evaluate your tolerance for moving asset to various cloud computing models (e.g., public cloud, private cloud, community cloud, or hybrid cloud) you should apply the followings steps:
  1. Identify the assets for the cloud deployment (e.g., data, applications, functions, processes)
  2. Evaluate the assets as it relates to criticality to the business and answer questions such as:
    • What impact would the business face if the asset became public information?
    • What impact would the business face if the asset would be accessed by the cloud service provider?
    • What impact would the business face if the application would be attacked or corrupted by an outsider?
    • What impact would the business face if the stored data were unexpectedly modified?
    • What impact would the business face if the asset were unavailable for a period of time?
  3. Map the asset to the potential cloud deployment model
  4. Evaluate potential cloud service models and providers and answer questions such as:
    • Does the cloud service provider meet current standards for security (e.g., assessment of threat and vulnerability management capabilities, continuous monitoring, business continuity plan)
    • Is the cloud service provider compliant with applicable regulations and can it pass a regulatory audit?
    • Can the cloud service provider generate dynamic and detailed compliance reports that can be used by the provider, auditors, as well as your internal resources?
Considering that many organizations deal with a heterogeneous cloud eco-system, comprised of infrastructure service providers, cloud software providers (e.g., cloud management, data, compute, file storage, and virtualization), platform services (e.g., business intelligence, integration, development and testing, as well as database), it is often challenging to gather the above mentioned information in a manual fashion. Thus, automation of the vendor risk assessment might be a viable option, especially if the same software tool can be leveraged for the other stages of the cloud adoption life cycle.
In addition, it's important to select a software tool that provides compliance controls assessment frameworks and content from regulations such as PCI DSS 2.0, FISMA 2010, SOX, NIST, ISO, CSA, SANS and BITS, threat controls content from CSA, as well as cloud risk dashboards and reports.
Cloud Risk Operations
A portion of the cost savings obtained by moving to the cloud should be invested into increasing the scrutiny of the security qualifications of an organization's cloud service provider, particularly as it relates to security controls, and ongoing detailed assessments and audits to ensure continuous compliance.
In this context, organizations should consider leveraging monitoring services or security risk management software that achieves:
  • Continuous compliance monitoring
  • Segregation and virtualization provisioning management
  • Automation of CIS benchmarks and secure configuration management integrations with security tools such as VMware vShield, McAfee ePO, and NetIQ SCM
  • Threat management with automated data feeds from zero-day vendors such as VeriSign and the National Vulnerability Database (NVD), as well as virtualized vulnerability integrations with companies such as eEye Retina and Tenable Nessus
Automated technology, which allows a risk-based approach and continuous monitoring for compliance, would be suitable for enterprises seeking to protect and manage their data in the cloud.
Cloud Risk Audit
This stage of the cloud adoption life cycle has not been very well defined yet and therefore requires further standardization driven by an increase in cloud deployments.
Nonetheless, when evaluating cloud service providers, organizations should ensure that they perform automated regulatory health checks and provide transparency in their infrastructure (IaaS), platform (PaaS), and software (SaaS) environments.
Practical Tips in Selecting the Right Cloud Risk Management Tool
When assessing Cloud Risk Management services or software, organizations should apply the following selection criteria:
  • Choose a vendor that offers an all-encompassing solution, meaning providing methodologies, frameworks, tools, and best practices to properly assess and manage your organization's cloud initiatives across all three stages of your cloud adoption life cycle. The solution should cover Governance, Risk, and Compliance (GRC), as well as Security in the form of threat and vulnerability management capabilities.
  • Choose an automated technology with an open architecture, since many organizations have invested heavily in security tools. This will allow data to be fed from the existing tools into the Cloud Risk Management tool and provide an aggregated view into both IT and business compliance and risk.
  • Make sure you work with a vendor that offers a solution that is content rich and includes many of the regulations (PCI, FISMA, SOX, etc.), frameworks, and standards that are applicable to your organization.
  • Seek out a vendor or service provider that can add value by offering innovative technology that goes beyond the traditional view of GRC. Namely, ensure that beyond governance and compliance, the areas of security (e.g., threat and vulnerability) and risk (e.g., enterprise risk management) are well covered, as it ensures higher return on investment.
  • Since you measure the success of a technology implementation by the time it takes to achieve value from its investment, it's crucial to engage with a vendor that offers the most efficient time-to-value. From a deployment perspective, this means that an on-site implementation should not exceed 90 days and as a managed service client, you should be up and running within 30 days.
Summary
There is no doubt that cloud computing will continue growing and, as it does, continue to get safer. But data breaches at some of the largest enterprises highlight the fact that there are still many risks associated with cloud adoption. Constantly changing government regulations are making it more difficult to keep compliant during the audit process as well. While it's exciting to be at the frontline when it comes to embracing a new technology that is poised to change the way we conduct business, we must remember that these technologies almost always come with new risks that have not yet been fully addressed.

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