News

09:25 AM
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

Putting Cybersecurity Measures to the Test

New York state today is testing some 200 banks to see how their cybersecurity plans work in real time.

Today, about 200 banks located in New York state are undergoing an interesting exercise in testing their cybersecurity measures.

The New York State Department of Financial Services last month revealed that banks that it supervises would be required to participate in a live cybersecurity test and answer questions about the policies and measures they have in place. The banks -- mostly community banks based in the state and branches of large foreign banks -- will be asked the questions in a webcast, which takes place today.

Similar exercises have happened in other parts of the world recently. Last month, banks in London were required to undergo a 'war game' simulation to test their online defenses. This came after the Bank of England told banks to ramp up their cybersecurity defenses.

Tests like these will likely become even more common as cybersecurity becomes more prevalent and more sophisticated. Hackers have been targeting everything from online video game systems to retailers to gain valuable data. But financial institutions obviously remain the number one target. And while hackers may have tended to focus on bigger banks, which have the most data to pilfer, smaller banks -- with perhaps less sophisticated defenses in place -- are increasingly being targeted.

If the results of today's simulation are made public, it certainly could shame some institutions that may not have robust cybersecurity plans in place. But in the end, if it improves security measures overall in the industry, it will have been worth it.

[Q&A: Banks Must Take a Holistic Approach to Cybersecurity]

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Becca L
50%
50%
Becca L,
User Rank: Author
12/16/2013 | 6:26:36 AM
re: Putting Cybersecurity Measures to the Test
Agreed. I'm surprised these kinds of events aren't happening on a more regular basis. And, IMO, Hackathons should also be happening at least once a quarter.
Kelly22
50%
50%
Kelly22,
User Rank: Author
12/13/2013 | 8:18:28 PM
re: Putting Cybersecurity Measures to the Test
These experiments sound interesting - and necessary, with the rise of cybercrime. Better that banks discover the flaws in their security via test than from an actual attack.
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Janice, I think I've got a message from the code father!
Current Issue
Security Operations and IT Operations: Finding the Path to Collaboration
A wide gulf has emerged between SOC and NOC teams that's keeping both of them from assuring the confidentiality, integrity, and availability of IT systems. Here's how experts think it should be bridged.
Flash Poll
New Best Practices for Secure App Development
New Best Practices for Secure App Development
The transition from DevOps to SecDevOps is combining with the move toward cloud computing to create new challenges - and new opportunities - for the information security team. Download this report, to learn about the new best practices for secure application development.
Slideshows
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.

Dark Reading Radio
Archived Dark Reading Radio
In past years, security researchers have discovered ways to hack cars, medical devices, automated teller machines, and many other targets. Dark Reading Executive Editor Kelly Jackson Higgins hosts researcher Samy Kamkar and Levi Gundert, vice president of threat intelligence at Recorded Future, to discuss some of 2016's most unusual and creative hacks by white hats, and what these new vulnerabilities might mean for the coming year.