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The JPMorgan Chase data breach rocked headlines early this month as the latest in a series of breaches hitting nearly a dozen financial companies in 2014 alone. The news also follows similar breach disclosures from Target, Home Depot, Albertsons and others.
The massive security breach compromised 76 million households and seven million small business accounts. As a result, the bank will no doubt spend millions of dollars over the next few months repairing the extensive damage and working to restore its reputation.
As if the sheer reach of the JPMorgan Chase breach itself isnt bad enough, it spotlights an inherent flaw with most modern information security architectures. Specifically, state-of-the-art prevention technologies are not 100 percent foolproof for detecting and blocking persistent attackers.
Several industry analyst firms like Gartner, for example recognize that decades of information security prevention systems have failed to produce an architecture that can stop committed attackers, and in response, theyre making a dramatic shift in their recommendations to security practitioners.
The good news and yes, there is good news is that JPMorgan Chase was able to identify the network breach and remove the offending malware before any highly-compromising confidential data was stolen and before irreparable harm was done to customer accounts.
According to a filing made by JPMorgan Chase with the U.S. Securities and Exchange Commission, only names, addresses and emails were exfiltrated in the breach. There was no theft of money, account information like credit card numbers, passwords or social security numbers stolen.
Considering many of the other recent breaches in which highly confidential customer information was stolen, this is a success. While a network breach is never good, JPMorgan Chase was able to stop the data exfiltration before it reached a scale that would have caused irreparable harm to customer accounts and corporate brand equity.
Organizations have a lot to learn from JPMorgan Chase on how it caught the attackers before they were able to cause significant damage. There are also several noteworthy lessons learned in understanding why the financial institutions experience was so different from Targets disastrous breach, which resulted in the loss of 40 million customer credit cards.
There are a handful of large and highly profitable organizations like JPMorgan Chase that have vast resources dedicated to information security. With billions of dollars of annual IT budgets, these elite organizations can afford to buy the latest and greatest network logging and security analytics products, and hire large groups of security analysts to filter through and triage the hundreds and thousands of false positive alerts that are generated daily by these products. Wading through all of these alerts takes a considerable amount of time and can consume a team of analysts full-time.
Targets much smaller security team, on the other hand, wasnt able to keep up with the high volume of alerts being generated by its security infrastructure, which involved many of the exact same technologies used by JPMorgan Chase. Its well-documented that Target had deployed many state-of-art security products in its network that produced numerous alerts that a breach was occurring very similar to the situation at JPMorgan Chase. The problem is that those alerts were buried within thousands of other simultaneous false positive alerts, making it extremely difficult for Targets much smaller security staff to react and take action. Mainstream security products, including intrusion detection systems (IDS), sandboxing and security information and event management (SIEM) solutions, are all known to create very high ratios of false positives sometimes on the order of thousands per day.
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A Silver Lining in the JP Morgan Breach?
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The term home automation system is a lot like the word groceries. Its a mixed bag that depends on your tastes and what you need to accomplish when you get home.
What most systems have in common is a hub, a small box that contains the systems brain. It works with a smartphone or other device to give you remote control and monitoring. From there, you shop for the system that gives you the features you want a few or many.
These smart home hubs promise to bring a little gravity to your connected universe.
SmartThings
CNET rating: 4 stars out of 5 (Excellent)
The good: With easy-to-install security sensors, wide product compatibility, and no monthly fees, SmartThings gets home automation right. In addition to home security, kits are available for lighting, water detection and energy use. We love that its compatible with IFTTT, the service that enables users to connect different Web applications (Facebook, Evernote, Weather, Dropbox, etc.) together through simple conditional statements known as Recipes.
The bad: The SmartThings Hub is a little limited in terms of range. Also, the newly redesigned SmartThings app feels overcrowded with redundant features.
The cost: Kits starting at $199 at https://shop.smartthings.com.
The bottom line: If youre looking for an easy and (relatively) affordable entry point into home automation, then SmartThings makes a lot of sense.
Lutron Smart Bridge
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4 hubs to consider to run your home automation system
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ADT Vienna IL | Call 1-877-310-5363 to Order ADT Home Security Services Vienna IL Deals
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Home Security Company Helping Domestic Violence Victims
The RI Coalition Against Domestic Violence and Alliance Security are teaming up to offer domestic violence victims a free year of home security service.
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Tempe, AZ (PRWEB) October 16, 2014
Already the leading purveyor of state-of-the-art security systems, Phoenix, Arizonas University Lock & Security is now providing a complete video and training library for home security digital monitoring products systems.
Digital monitoring product (DMP) systems are growing in popularity for residential and commercial propertiesand for good reason. DMPs are wireless, meaning that when a professional installs a homeowners security system, they dont need to no crawl around in the attic or rummage through the basement in order to get the system up and running. More importantly, however, is the fact that DMPs also allow the system user to check monitors from any internet connection, along with a host of other convenient benefits.
However, while easy to use for many consumers, some DMP owners may need a little technical help once in a while, and manuals often get lost. That is why University Lock & Security now stores all manuals and instruction videos for its DMPs on its website for the benefit of customers whether they have misplaced their manuals or simply want to watch a training video.
University Lock & Security offers the following DMP manuals: the XR150/350/550 User Guide, the DMP XT30 Manual, the DMP XTL Manual, the XR100/500 or XR150/350/500 Quick Start Guide, the Icon Keypad Quick Guide, and the DMP XR500 Manual.
Additionally, the University Lock & Security site also offers the following training videos:
1.Shortcut Keys Make Life EASY 2.Use Your Cell Phone to Talk to Your Security System! 3.Codeless Arming Makes Life REAL EASY! 4.Home, Sleep, Away - The Most Secure System 5.DMP Keypad Training Videos - Arm/Disarm
University Lock & Security also provides professional customer service and technical support for all customers, no matter what kind of system they use.
About University Lock & Security University Lock & Security is a full service security and locksmith business. It started as a family business over 30 years ago and has grown into a respected local supplier for all things related to home security, locks, safes, vaults, access control and commercial building security and monitoring. The Tempe AZ main office offers many walk-in services such as key-making and the fleet of University Lock & Security vans travels across the entire Phoenix area including Tempe, Scottsdale, Mesa, Chandler, Gilbert, Glendale and Peoria. Free estimates available on all services.
Contact: Curtis Fletcher http://ulssecurity.com/ University Lock & Security 1031 W. University Drive Tempe, AZ 85281 (480) 966-4505
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University Lock & Security Announces a Complete Video and Training Library for Home Security Digital Monitoring ...
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This year so far has had a number of information security incidents that have cost likely billions of dollars, and they've cost even more as damage to the reputations of some well-known businesses. US retailer Target, Home Depot, Apple, Sony, JP Morgan Chase, and the list goes on.
But for each attack that makes the mainstream news headlines, such as the Russian attack on JP Morgan, there are at least thousands or possibly millions of attacks that don't make the news. They usually affect smaller businesses and institutions, but there are many, many more of them.
According to the 2014 Symantec Internet Security Threat Report, in 2013:
Website, web database, and point-of-sale system attacks caused the identities of 552 million users to be stolen, with an average of 2,181,891 identities per breach. 552 million online identities is nearly one in five of the roughly 2.8 billion people estimated to use the Internet that year.
One in 196 emails was estimated to contain malware.
One in 566 websites were estimated to contain malware.
351 web browser vulnerabilities were found in Microsoft Internet Explorer, Mozilla Firefox, Google Chrome, Apple Safari, and Opera. As most lesser known web browsers share a layout engine, such as WebKit, Gecko, or Trident with one of the top five web browsers, many vulnerabilities that affect a major web browser also affect many less common web browsers.
Something as simple as a single malware file, malicious email, or network vulnerability can cost a business a lot of money in stolen data, litigation, or even mere computer and network downtime. All businesses with computer networks are at risk of information security attacks.
Prevention is indeed the best medicine. Creating and enforcing a well-designed IT security policy makes your business less likely to be subject to attacks, and less often. But absolutely nothing can be made 100% secure.
So, the perfect complement to sound prevention with a good IT security policy is well prepared incident response. A well trained and vigilant Computer Security Incident Response Team is crucial.
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Security: Incident response is everything
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ADT Whitmire SC | Call 1-877-310-5363 to Order ADT Home Security Services Whitmire SC Deals
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