Ransomware-Proof Your Credit Union: A Checklist of NCUA Guidance

In today’s digital landscape, credit unions face numerous cybersecurity threats, including the rising risk of ransomware attacks and vulnerabilities in their information and communications technology supply chain. To help credit unions protect themselves against these risks, the National Credit Union Administration (NCUA) has compiled an FAQ. This checklist covers the essential steps to safeguard against ransomware attacks, additional resources for cybersecurity, understanding supply chain risk management, developing effective practices, mitigating risks associated with using a Managed Service Provider (MSP), and other insights based on their FAQ. By following this checklist, credit unions can enhance their overall security posture and minimize the potential impact of cyber threats.

1. Protect against ransomware attacks:
– Update software and operating systems regularly with the latest patches.
– Avoid clicking on links or opening attachments in unsolicited emails.
– Follow safe browsing practices.
– Replace equipment running older unsupported operating systems.
– Verify the security practices of vendors and third-party service providers.
– Maintain complete and tested backups of critical systems and data.

2. Additional resources for cybersecurity:
– Use the Ransomware Self-Assessment Tool (R-SAT) from the Conference of State Bank Supervisors.
– Read the Center for Internet Security white paper on ransomware.
– Visit the cybersecurity pages of the National Security Agency Central Security Service and the Cybersecurity & Infrastructure Security Agency. (CISA)
– Refer to the Treasury Department’s advisory on potential sanctions risks for facilitating ransomware payments.

3. Understand Technology Supply Chain Risk Management (SCRM):
– Recognize that technology supply chain vulnerabilities can pose risks to the entire institution.
– Consider the risks associated with third-party vendors and the entire technology supply chain.
– Identify vulnerabilities in all phases of the product life cycle.

4. Develop an effective Technology Supply Chain Risk Management Practice:
– Build a team with representatives from various roles and functions.
– Document policies and procedures based on industry standards and best practices.
– Create a list of technology components and understand their criticality and remote access capability.
– Identify suppliers and verify their security practices.
– Assess and evaluate the SCRM program regularly.

5. Risks associated with using a Managed Service Provider (MSP):
– APT actors actively attempt to infiltrate IT service provider networks.
– Conduct proper due diligence and ongoing monitoring of MSPs.
– Understand the risks of centralizing information with an MSP.
– Recognize that compromises in an MSP’s network can have cascading effects.

6. Mitigate the risk of using an MSP:
– Manage supply chain risk by working with the MSP to address security concerns.
– Implement architecture measures to restrict access and protect networks.
– Use dedicated VPNs for MSP connections and restrict VPN traffic.
– Ensure proper authentication, authorization, and accounting practices.
– Implement operational controls, such as continuous monitoring and software updates.

7. Additional references for Information and Communications Technology Supply Chain Risk Management:
– Refer to guidance from the NCUA, NIST, and CISA.
– Evaluate third-party relationships and outsourcing technology services.
– Learn about supply chain threats and cyber supply chain risk management.

Note: This checklist is a summary of the information provided. For more detailed guidance, refer to the full content on the NCUA website.

 

* We used some AI tools to gather the information for this article.

Is Your Organization Following Best Practices for Resisting Ransomware Attacks?

Every week I see more news about organizations that have fallen prey to ransomware attacks. It just illustrates the fact the ransomware is a lucrative tool for cybercriminals and is therefore going to be plaguing us for the foreseeable future. To be proactive in protecting your organization from this threat, you should ensure that you are following the latest best practices guidance available. So, in this paper I’m going to summarize the best practices recommendations found in the #StopRansomware Guide published by the CISA.

Ensure you have complete knowledge of all of your IT assets, and that you manage them securely.

  • You should maintain comprehensive inventories of all hardware, software, firmware, operating systems and data on your systems.
  • You should know where all of these IT assets are located at all times, including data.
  • You should know the relative value of these assets to your organization and protect them accordingly. This means conducting business impact analyses.
  • You should map trust relationships among systems, and you should also map how data flows into and out of these systems. These maps and diagrams should be comprehensive in scope, well protected and stored in multiple locations and forms.

Ensure that the principle of least privilege is strictly applied across your organization. This means that all users should have access to only those IT assets that are necessary to perform their job functions. Those with high-level access to systems such as system administrators should employ very strong access controls and should be highly monitored.

If you use virtual systems, you should ensure that all hypervisors and associated IT infrastructure, including network and storage components, are updated and hardened to the latest best practices recommendations.

Ensure security settings are enabled and applied in cloud environments. Ensure you understand which security responsibilities are yours and which security responsibilities belong to the service provider.

Ensure you have a firm grip on remote access and remote monitoring and management software used on your systems. These mechanisms must be highly monitored and restricted. Ensure secure configuration of these mechanisms is maintained.

Ensure that your network is properly segmented. Separation should be maintained between operational technology and IT. Business units and IT assets should be placed in network segments according to business need.

Ensure that the usage of PowerShell is restricted to specific users on a case-by-case basis by using Group Policy. Typically, only users or administrators who manage a network or Windows OS are permitted to use PowerShell.

Ensure that domain controllers are properly secured to help prevent the spread of ransomware network wide. Ensure that domain controllers receive prompt security maintenance and are include in vulnerability and penetration testing. Harden controllers to only include a minimum of software or agents needed for business purposes.

Ensure that logging from network devices, local hosts and cloud services is verbose, and that these logs are securely stored.

Establish a security baseline of normal network traffic and tune network appliances to detect anomalous behavior.

Ensure that you are conducting security testing, such as vulnerability and penetration studies, of networks and software applications.

Enable tracking prevention to limit the vectors that ad networks and trackers can use to track user information.

Enable website typo protection to limit the possibility of logging onto spoofed websites or other potentially malicious links that could compromise a browser.

Enable browser-based anti-virus for active scanning while browsing as an added layer of defense.

Block website notifications by default to limit a website’s ability to track user data that can be exploited.

Employing all of these best practices recommendations, and monitoring security and government websites for additions and updates to these best practices, will help your organization prevent ransomware attacks, and will also help you deal with them effectively if they occur.

Never Become Complacent About the Effectiveness of Security Controls

This is a new world since I first began in the information security business. In the early 1980s, information security had little to do with the vulnerability of the computers themselves – this is before personal computers, Windows-type operating systems and the Internet. Mainframes were a tough nut to crack, and the possibility of compromise was pretty much an internal threat. What information security focused on then was signals and physical security. How to keep your information from being lifted from hard wires, documents and radio signals? The answer was cryptographic techniques and security policies actually developed during WWII and the Cold War. These same methods were then, unfortunately, applied to networked computer systems constructed from personal computer technology and operating systems, across a different medium than those used before: the Internet protocols. This is a recipe for information security disaster! Functionality, not security, was the overwhelming focus of these original protocols and operating systems, and applying security methods after the fact was like applying a Band-Aid to a torn artery.

When hacking and later cyber-crime problems first started appearing in the mid-90s, the business world and the general public didn’t take the problem too seriously at all. Having to use passwords and other simple security measures was viewed as a pain in the keester by almost all of us at that time. But little by little, privacy and security breaches started getting more and more serious and damaging; people began to pay more attention to cybercrime and businesses began to become a little more open to increasing their information security budgets. Network perimeter security controls became stronger, and we started paying more attention to internal security controls. But by this time cybercrime was firmly in the hands of professional, financially and politically motivated cybercriminals. This highly motivated group started finding new and novel ways to overcome or circumvent information security controls, applications and services. Every time new and more restrictive security methods were put in place, some new attack method to overcome the latest and greatest soon followed. This, alas, is where we stand today.

The fight continues, and the good guys are making great strides, both in security methods and in public and business willingness to participate in information security. The CIS Critical Security Controls and all the new AI-driven security applications are examples of this willingness. But I have noticed something disturbing happening here of late. The security measures being employed by businesses are getting so good, that people are starting to trust in their effectiveness too much; complacency is rearing its ugly head! And since the very idea of security began thousands of years ago, complacency has proved itself to be a fatal error. No matter what, you can count on security controls to be overcome one way or another. So far, this has never failed to occur in the history of mankind.

It therefore behooves all of us, especially those of us tasked with the privacy and security of information, to be constantly vigilant and even more forward thinking than the attackers that would steel our information and privacy. It must constantly be kept in mind that the attacker always has an advantage over the defender: the defender must get it right every single time, the attacker only must get it right once.

Communications Control Vital During Incident Response

From the time an information security incident is first suspected at your organization until the end of the last “lessons learned” meeting, good communications are absolutely vital. Communications must rapidly and surely reach all interested parties in the proper order, but at the same time, they must be secure, authorized and only available to those with an immediate need to know. If your organization does not have a well thought out and practiced IR communications plan in place, you will not be able to reach these goals. And that could cost your organization both reputational damage and funds.

To build an IR communications plan, you need to consider all the various individuals and groups that are potentially going to play a part in the incident response. For example, all employees need to know how and who to communicate with if they notice a security problem. Help desk, supervisory and IT personnel also need to know how and who to communicate with if a security problem comes to their attention. And especially, IR team members need to know how, when and who to communicate with, not only among themselves and other members of the organization, but also with outside parties such as law enforcement, regulators and the media.

But the “who,” is only one step in the process. The other steps are the “what,” “how” and “when” to communicate parts of the puzzle. These tasks are easy on an individual basis, but quickly become complex. IR team members should meet and discuss these issues and make sure to document their decisions on how to handle them. Fortunately, the team will not have come up with all of this on their own. There is plenty of advice available on the Internet from private and government organizations that is available to all. I also recommend contacting similar organizations and user groups to see what advice they can give you from their own experiences with handling communications during an incident.

Here is some advice on IR communications that has proven beneficial to the organizations that we have worked with in the past:

  • Some one person (usually the head of the IR team) should be in charge of communications during an incident response. This individual should be aware of and approve all important communications during the incident response.
  • Ensure that there are multiple means of communication available. Phones, email, Slack channels, web-based communications, etc. can all be utilized.
  • Ensure that all communications are secure and only available to their intended audience. A lack of proper secrecy during an incident response can be disastrous.
  • Create communications templates of all kinds for use during the incident response, such as communications to be released to the media, to employees, to customers, to service providers, to regulators, etc. Having such templates saves a lot of time and effort among personnel whose attention could be better directed elsewhere. It can also help ensure that mistakes are not made on what is being communicated.
  • Practice how communications will be handled during incident response exercises such as table tops. These exercises expose many gaps in IR communications techniques that you don’t want to discover during an actual incident.
  • Ensure that all individuals and groups that may be involved in an incident response are made aware of how and who to communicate with during an incident. Documented communications policies and procedures should be included in information security training, policy documents, service agreements, contracts, etc.

Decoding the Digital Dilemma: Is a vCISO the Right Move for Your Business?

In today’s fast-paced digital environment, ensuring robust cybersecurity is crucial for every business. A virtual Chief Information Security Officer (vCISO) may be the strategic addition your company needs. Let’s delve into why a vCISO could be a vital component in strengthening your business’s cyber defenses.

  1. Responding to Increasing Cyber Threats: If your business is witnessing an increase in cyber attacks, both in frequency and complexity, it’s a clear sign that the strategic insight of a vCISO is needed. They bring the necessary expertise to enhance your cybersecurity measures.
  2. Filling the Cybersecurity Expertise Gap: For businesses lacking in-house cybersecurity skills, a vCISO acts as an expert ally. They provide essential knowledge and guidance to strengthen your cyber defenses.
  3. Meeting Compliance and Regulatory Demands: Adhering to industry compliance standards and regulations is critical. A vCISO ensures that your business not only meets these requirements but does so efficiently, avoiding potential legal and financial repercussions.
  4. Economical Cybersecurity Leadership and Flexible Budgeting: If hiring a full-time CISO is not financially viable, a vCISO is a cost-effective solution. They offer top-level cybersecurity leadership and support tailored to your budget. This scalable model means you get expert cybersecurity services without the financial burden of a permanent executive role.
  5. Foundational Cybersecurity Development: A vCISO is key in establishing a solid cybersecurity framework. They are adept at creating policies and strategies customized to your organization’s specific needs, ensuring a robust cybersecurity infrastructure.
  6. Enhancing IT Team Capabilities: A vCISO brings strategic direction to your IT team, providing leadership, training, and mentorship. This enhances their capabilities in managing cyber threats and aligns their efforts with broader business objectives.
  7. Expertise for Specialized Requirements: In scenarios like mergers and acquisitions, a vCISO with specialized experience is invaluable. They skillfully manage the integration of diverse cybersecurity processes, ensuring a unified and secure organizational framework.
  8. Expert Assistance in Cybersecurity Compliance: Our services extend to comprehensive cybersecurity compliance support. With expertise in various industry regulations, we ensure your business adheres to necessary standards, safeguarding against emerging threats and regulatory changes.
  9. MicroSolved vCISO Services – Customized for Your Business: MicroSolved’s vCISO services are designed for Small and Midsized Businesses (SMBs), providing expert cybersecurity guidance. Our team offers effective, cost-efficient solutions, eliminating the need for a full-time CISO.

Given the dynamic nature of cyber threats today, having a vCISO can be a strategic move for your business. To learn more about how MicroSolved’s vCISO services can enhance your cybersecurity posture, we invite you to contact us for a detailed consultation (info@microsolved.com) or by phone (614.351.1237).

 

* Just to let you know, we used AI tools to gather the information for this article.

 

Navigating the Regulatory Terrain: Firewall Rule and Configuration Reviews

In the ever-evolving landscape of network security, the significance of firewall rules and configuration reviews stands paramount. For organizations, navigating through the complex web of industry standards and regulations is not just a matter of compliance but a cornerstone in safeguarding sensitive data and fortifying defenses against cyber threats. This discourse aims to demystify the regulatory frameworks governing firewall configurations, highlighting their pivotal role in sculpting a resilient network infrastructure.

The Imperative of Regulatory Adherence:

Navigating the labyrinth of regulations like PCI DSS (Payment Card Industry Data Security Standard) and HIPAA (Health Insurance Portability and Accountability Act) is more than a compliance checkbox. It’s an integral strategy to thwart unauthorized access, data breaches, and other security loopholes. A meticulous alignment with these standards underpins your organization’s commitment to unwavering security and data protection.

  • PCI DSS Compliance: Regular firewall configuration reviews ensure alignment with PCI DSS mandates. These reviews should encompass comprehensive documentation and alert mechanisms to adhere to the security management controls and firewall rule examination requirements.
  • HIPAA Conformity: For organizations handling healthcare data, firewall configuration reviews are instrumental in aligning with HIPAA’s stringent requirements, ensuring the safeguarding of sensitive patient data.

International Standards: Aligning with ISO 27001

Embracing global benchmarks like ISO 27001 requires an exhaustive evaluation of firewall configurations. This process entails benchmarking current configurations against ISO standards and rectifying any discrepancies to achieve compliance. Key focus areas include access control, network segmentation, and adherence to security policies.

Understanding Firewall Configuration Reviews: A Deep Dive

The essence of firewall configuration reviews lies in scrutinizing settings, rules, and protocols to uncover vulnerabilities and threats. This thorough analysis enables IT professionals to bolster the firewall’s defense capabilities, enhancing the overall security fabric of the network.

Purpose and Benefits of Routine Firewall Configuration Reviews:

  • Risk Mitigation: Regular reviews unveil security vulnerabilities and compliance deviations, essential in maintaining a fortified network environment.
  • Optimizing Resources: Eliminating outdated or redundant rules enhances network efficiency and performance.
  • Compliance Assurance: These reviews are pivotal in meeting regulatory standards, averting fines, and sustaining a robust security posture.
  • Cost Savings: Proactive reviews and updates curtail the likelihood of breaches and associated financial repercussions.

Defining Firewall Configuration Review:

A firewall configuration review is a meticulous examination of firewall settings and rules. It’s aimed at ensuring optimal protection against unauthorized access and cyber threats. This process identifies potential security gaps and ensures adherence to best security practices.

Partner with MicroSolved for Expert Firewall Configuration and Analysis

At MicroSolved, we recognize the complexities and critical nature of firewall configuration reviews. Our MachineTruth™ service offers unparalleled expertise in firewall configuration and analysis, scalable to global operations. Our team of experts employs advanced methodologies, proprietary machine learning, analytics and custom-built private AI to ensure your firewall configurations are not only compliant with the latest regulations but also optimized for peak performance and security. Since we can analyze all of your firewalls, routers, switches and other network devices simultaneously, we can also ensure that your security posture is consistent everywhere you have a presence!

Embark on your journey towards a more secure and compliant network infrastructure with MicroSolved. Contact us today (info@microsolved.com or +1-614-351-1237) to learn more about our MachineTruth™ services and how we can tailor them to meet your organization’s unique needs.

 

* Just to let you know, we used some AI tools to gather the information for this article, and we polished it up with Grammarly to make sure it reads just right!

 

Intruder Pro Game Launched in GPT Store

Thanks to the launch of the OpenAI GPT Store, I am proud to announce the immediate availability of a new penetration testing game and hack-the-box simulation platform – Intruder Pro

Though not a product of MicroSolved, it is personally designed by our CEO and Security Evangelist, L. Brent Huston. 

The GPT is a text-based role-playing game that simulates real-world penetration tests and hack-the-box games. It leverages real-world tools, and teaches you a bit along the way. 

Even better, you can get a new simulation with new targets and new services to exploit every single game! The system can also provide coaching and score your efforts at any time in the game.

Feedback has been great, and people all around the world are playing, learning, and gaining insights about information security all at the same time. 

Check it out by clicking here and let me know on Twitter (@lbhuston) what you think! 

Voice Cloning a Growing Social Engineering Threat

Currently, when people think of social engineering attacks, they immediately think of email phishing. This is because for years now email phishing has been the preferred attack method employed by attackers to gain access to user computers and hence into private internal computer networks. But we all should remember that email phishing is only one type of social engineering attack method; there are many. Social engineering can also include such vectors as snail-mail spoofing, removeable media spoofing, SMS spoofing, blackmail, intimidation, in-person impersonation …and phone impersonation, which brings us to the subject of this blog: voice cloning.

Years ago, I wrote a blog about the dangers posed by digital recording of images and sound; about the fact that perfect fake digital recordings could be generated at will given the proper amount of computing power and expertise. How could we then fully trust security cameras and voice recordings to reflect reality? The answer was and is we can’t.

Now, thanks to AI technology, we have convincing fake voices being generated in real time! One little sample of a person’s speech and, like a parrot, the computer is immediately able to impersonate the voice. The implications of this technology are staggering to the world of information security management, especially when one considers the next stage in this technology which is to perfectly replicate both the voice and the moving images of a person in real time.

We haven’t been able to trust that users who sign into a network or service are really who they purport to be since networks began, but now we can’t even trust a phone call from somebody whose voice we know very well. This capability has not escaped the notice of cybercriminals. They are already using voice cloning to convince people to reveal private information or to allow them access to private systems with great success.

So how are we supposed to respond to this new threat? First, I would be sure to make personnel aware of the threat. Include voice cloning in your regular information security and awareness training mechanisms. Put up a warning on your security Slack channel and on posters, and include voice impersonation in your phishing training modules. Develop procedures for addressing the dangers of voice cloning and write them into policy. You can also use AI to battle AI. Employ AI-based software that can monitor audio to identify digital noise, signs of repetition or artifacts that are not present in a live voice. The worst thing you can do is ignore this threat and do nothing, so why not be proactive and get ahead of the threat now?

Reducing The Cost of Security: The vCISO Edge

A Virtual CISO (Chief Information Security Officer) (“vCISO”) is an information security professional who provides guidance and expertise to organizations to help them secure their digital assets. They can help prioritize, plan, and manage security projects and controls to meet security goals. A Virtual CISO can provide valuable insights into current trends and threats, allowing organizations to avoid potential risks while proactively improving their data protection strategies.

Align Efforts with Regulation

A Virtual CISO can help organizations align their security projects and controls with frameworks like the Center for Internet Security (CIS) Controls and various regulatory requirements like the General Data Protection Regulation (GDPR) and Service Organization Control (SOC2 Type 2). This way, organizations can ensure their data security efforts align with industry best practices and compliance frameworks. By leveraging the knowledge of a vCISO, organizations can avoid costly mistakes that could be made by trying to manage their data security independently.

Align Efforts with Emerging Threats

A vCISO can use their expertise to help organizations stay ahead of emerging threats and tune their security controls accordingly. They can monitor the latest technology and cyber threats trends, and recommend specific controls or strategies to mitigate these risks. In addition, a vCISO can use their understanding of existing security frameworks to ensure that the organization meets its regulatory requirements and follows best practices. This ensures that the organization’s data remains secure while minimizing compliance risks. Furthermore, a vCISO’s experience will provide insight into potential weaknesses in the organization’s security posture, allowing them to prioritize projects and controls for maximum effectiveness.

Comparative Solutions

A Virtual CISO can use their experience and expertise to help organizations solve various security problems quickly and cost-effectively. They can leverage their engagement with other clients to identify the most effective solutions for the organization’s particular needs, often reducing the overall cost of building a security program or integrating new tools and workflows. Through their knowledge of existing security frameworks, regulatory requirements, and emerging threats, Virtual CISOs can develop an understanding of how different solutions fit into an organization’s security infrastructure and make informed decisions about which projects should be implemented first. This allows organizations to maximize their effectiveness in defending against threats while minimizing associated costs.

A Virtual CISO can be an invaluable resource for organizations seeking to secure digital assets while complying with industry and regulatory requirements. With a vCISO, organizations can leverage their expertise to prioritize security projects and controls, align efforts with frameworks like the Center for Internet Security (CIS) Controls and GDPR, and stay on top of emerging threats. To maximize your security posture and minimize associated costs, contact MicroSolved (info(at)microsolved.com) today about their vCISO solutions.

 

* Just to let you know, we used some AI tools to gather the information for this article, and we polished it up with Grammarly to make sure it reads just right!

Policies Need to be Organized and Accessible

Policies are simply rules that say “this is the way we are going to do things.” If you want your organization to operate in a unified and coherent manner, you must have policies in place and you must ensure that everyone in the organization knows and complies with those policies that pertain to them. This all sounds obvious and simple, but trying to implement such a system quickly becomes complex and confusing.

In the specific case of information security policy, many organizations that have been in existence for years find themselves in the unenviable position of having to formulate a body of information security policies after the fact. This is a daunting task indeed, and needs to be approached in a logical and systematic manner.

The first step in this process is to assemble an inventory of all the information assets and processes that need to be protected. All critical information, software assets, hardware devices, personnel and service providers need to be included in this inventory. A list of critical business functions that employ these assets also needs to be made. Once these tasks are accomplished, policies need to be formed and documented that address the proper use and management of each of these functions and assets. These policies need to meet the goals of the organization and any laws and regulations that apply to them.

The next step in the process is to formulate and document procedures for implementing the policies of the organization. These procedures should be sufficiently detailed to show untrained personnel to how to perform them. Finally, all of these policies and procedures need to be reviewed and adapted regularly to ensure that they remain adequate to meet the goals of the organization.

As must be readily apparent, the final result is going to be a mountain of documentation that, despite its complexity, must be readily accessible and comprehensible to all that are governed by it. This quandary is where most organizations seem to fail. Many bodies of policy and procedure I have encountered have been hard to navigate, disorganized, redundant and sometimes even self-contradictory. This causes confusion and frustration among users and thus renders the hard work put into the process largely ineffective.

To remedy this as much as possible, organizations should take that extra step and expend the manhours and resources necessary to make their written information security program usable. Policies should be organized into logical categories such as access and identity management, vendor management, security incident response, etc. This allows users to narrow the field when they are looking for specific policies. Polices should also be kept in a central repository under the responsibility of specific individuals or groups within the organization. Policies should be backed up in multiple locations and forms for business continuity purposes. Access to specific parts of the repository should be easy for authorized users, yet should be based on need to know to maintain the security of private information and processes. Policies should be very well indexed and should contain tables of content. In addition, authors of policy should always be searching for ways to remove unnecessary redundancy from policies and to make the language in them unambiguous, direct and terse. Finally, every user should receive training in all the organization policies that apply to them, how to find them and how to apply them. Performing all of these tasks will help ensure that your organizational policies are of actual use and are not just ornaments to be dangled in front of regulators and prospective customers.