State of Cybercrime19 Dec 2016

Is Security a Benefit or a Feature?

I recently came across a tweet that was shared during the Infosecurity Maganzine Conference in Boston, “Security is a benefit, but not always a feature.” Why? You can spend a lot of money and still be hacked or not spend a dime and not be hacked.

How did the Inside Out Security Show panel react? Here's what Mike Buckbee, Kilian Englert and Alan Cizenski had to say:

Buckbee: It’s all tradeoffs. It’s all a bet. If you go into a casino and putting money down…While it’s true you can spend a lot of money and still get hacked, it’s less likely than you spend nothing. Or not even so much spend, in terms of money, but in terms of effort. You spend the effort and time to make secure systems….so you’re trying to play the odds.

Englert: We can write it up as a true-ism…We’ve never been hacked before, so we must be secure. That’s the default security mindset, which is at odds with the truth…The best security in the world, only takes you so far.

Cizenski: When you’re spending money on security tools, at that point, at the very least, you’re gonna have an audit trail or something to look back at so you can say, “How did that happen?” Instead of just thinking, “We’ve never been hacked. We’re good.”…When it does happen, you can’t really do much about it [if you don’t have an audit trail].

Click play to learn more!

Additional comments include:
• A rogue admin who took down a former employer’s network
• Admins who experience burn out
• NIST announced guidance on SMS on two factor.
• Whether or not security problems are the user’s fault or not
• As well as the latest research report on security shortcomings on a heart device.

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