IT Audit

The Role of the IT Audit in Reducing Security Risk

Generally speaking, IT audits historically focused on identifying shortfalls in regulatory compliance, but without the authority to help select an appropriate mitigation when security shortcomings are discovered. For auditors to achieve any real improvements in reducing security risk, the auditors themselves need a broader mission and better training so that they…

Despite Recent Updates, PCI DSS Security Flaws Remain

Last month’s announcement of Payment Card Industry Data Security Standard 2.0 (PCI-DSS v. 2.0) created a flurry of news reports in the IT media. In reality, though, it changed little about the way that businesses guard sensitive cardholder information on their networks. Originally PCI-DSS required organizations to implement both operational…

Regulatory Compliance Is Not Security

Security awareness operates on a principle where companies are only willing to fix their problems when they are being fined, or when their lack of security lands them in the newspaper. But, just as memories fade in time, the commitment to security fades quickly when breaches blow over and everyone moves on. Hopefully, more companies will begin to realize that regulatory compliance and IT security are not necessarily the same things.

Financial Data Breaches Come As No Surprise

The poor state of security at banks and financial institutions continue to make headlines, with cases like the HSBC breach bringing embarrassing attention to this already beleaguered industry. This problem is the result of a fragmented feudal system of homegrown IT development that has evolved over the last 30 years, though not for the better.

The Trust Time Bomb

Rodney Gedda of CSO Magazine recently posted an excellent description of a security phenomenon known as the “trust time bomb”. In his article Gedda explained how, over time, employees build up an incredible number of privileges that grant them dangerous access. This is akin to the problem with database administrators (DBA) who retain DBA superuser privileges indefinitely, as well as IT staff using the same password on every system in the company as a matter of convenience.