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Network Security – Industry News Wrap-up – ActivIdentity Blog

Nov 4, 2011 6:37pm | 0 Comment

This week’s industry news wrap-up will focus on network security, the effect of APTs on enterprise and an FBI bust of a banking fraud crime ring. Here are the stories that caught our attention:

Network Security: Is it the Technology or the Management?
What good are tools, in any sense of the word, if you don't know how to use them? In this case, the tools are responsible for ensuring security in enterprise networks. It should be noted, however, that technology is only half of the equation. As Jeff Hudson notes, "The technology has to be complemented with proper employee training, rigorous adherence to best practices, internal policies and effective IT security management." Network security is about balancing technology with human interaction – otherwise the enterprise will still be at risk.

Advanced Threats Touch Two-Thirds Of Enterprises
According to a report released by Enterprise Strategy Group (ESG), referenced by InformationWeek’s Mathew J. Schwartz, "nearly two-thirds of information security managers report that their businesses have been targeted by advanced persistent threats (APTs), and 72% expect to see such attacks persist in the future." According to the article, combating APTs requires more than just automated technology – the study notes that senior executives at the most effective organizations take a more proactive approach to security by maintaining and enforcing security policies across the board. The ESG research report can be accessed here.

British Police Jail 13 in $4.6 Million Cyber-Fraud Scheme
As a result of unleashing Trojan applications aimed at infecting PCs and capturing sensitive information, a banking fraud gang was able to gain access to hundreds of bank accounts and transfer money into accounts controlled by the hackers. So far, a total of $4.6 million was reported stolen between September 2009 and March 2010. Thirteen people allegedly involved in the attacks have been arrested.

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