VeriSign Security Review - August 2006 from VeriSign, Inc.

VeriSign Security Review

August 2006

The Computer Security Institute (CSI) and the Computer Intrusion Squad of the San Francisco Federal Bureau of Investigation (FBI) recently released a report on their findings from a joint survey conducted over the last 11 years on computer crime and security. VeriSign encourages all customers and newsletter subscribers to read this report. Click here to download this comprehensive 29-page report from the CSI website.

In this issue:

Hot Topics

Monthly Threat Summary

  • Microsoft Corp. Security Bulletin set a record in terms of the total number of vulnerabilities addressed and the number of vulnerabilities labeled as Critical (15 this month as opposed to 11 last month). Of these vulnerabilities, security experts consider MS06-040 to be the most critical and it should be patched immediately.

News from VeriSign

  • VeriSign to Secure WiMAX Standards Wireless Broadband Networks
  • iPay Technologies Selects VeriSign Identity Protection Fraud Detection Service for Risk-Based Authentication.

Security Events

  • September. 7 - 8 Forrester Security Forum, Atlanta, CA
  • September 11 Fall VON, Boston, MA
  • September 12 - 14 CTIA Wireless IT, Los Angeles, CA
  • September 12 - 14 Executive Woman's Forum, Phoenix, AZ

Hot Topics

FFIEC Deadline Approaching for Financial Institutions

The FFIEC Guideline requiring all financial institutions to outline a plan or begin implementation of multi factor authentication tools by the end of 2006, has many organizations scrambling to evaluate vendors and finalize plans.

For current and potential customers, VeriSign offers the most comprehensive solution as well as the most trusted and well-known consumer security brand. Financial institutions or any business that wants to ensure the security of their online customers can turn to VeriSign. For over 10 years, our one and only mission has been to provide organizations with the latest world-class Network and Application Security and Identity Protection solutions. Our history and expertise make VeriSign uniquely qualified to be your security partner. Our solutions provide:

Quick and Easy Deployment

  • Complete out-of-the box functionality (risk-engine, rules, intervention, management)
  • Zero integration and zero code deployment options     

Proven Experience

  • VeriSign is already providing authentication services to over 500,000 Web sites: over 93% of the Fortune 500, the world’s 40 largest banks, and 47 out of the 50 biggest e-commerce sites

A Complete Solution

  • Comprehensive risk-based authentication solution  (detection, intervention, investigation & case management)

Superior Intelligence

  • State of the art risk engine

To help you get the information you need, watch the on-demand web seminar, Risk-Based Assessment: A Practical Guide to Complying with FFIEC Authentication Guidelines or download the new VeriSign Identity Protection – Fraud Detection Service white paper.

Weather you’re just starting to evaluate vendors, not sure how your proposed vendor measures up or if you’d like to compare our products and services with your current solutions, give us a call at 650-426-5310. We’re confident we can provide you with the most comprehensive and easy to deploy solution to meet FFIEC compliance and meet the end-of-year deadline.

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Take a Proactive Approach to Risk Management

The foundation for an effective risk management program is an understanding and assessment of an organization’s internal and external threats. We’ve created a 6-minute video that explains these threats and how you can proactively manage your risk, monitor compliance and most importantly – identify and mitigate security threats in real time. Download The Life of a Threat  video in Windows Media or QuickTime format.

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US Ratifies Council of Europe Convention on Cybercrime

On Aug. 3, 2006, the United States Senate ratified the Council of Europe Convention on Cybercrime, a multinational treaty that attempts to foster cooperation on prosecuting Internet-based crimes. Although some privacy organizations are protesting the treaty, overall, the response to America's ratification of the treaty, especially commentary from leading American security companies, has been quite positive.

To-date, 38 counties have signed the treaty that requires that member countries establish as criminal offenses a wide variety of cyber-related activity, including "the access to the whole or any part of a computer system without right…when committed intentionally, the interception without right, made by technical means, of non-public transmissions of computer data to, from or within a computer system…the damaging, deletion, deterioration, alteration or suppression of computer data without right" (ibid.)., child pornography and other offenses. It also requires that signatory countries establish procedures for dealing with these crimes and provides a prosecutorial framework for international cooperation between signatory countries.

The real impact of ratifying the treaty for the US will be the resultant cooperation with other countries, which will help authorities to track and prosecute cybercrimes originating from countries that target the US.

Computer security companies are practically unanimous in praising the Senate's ratification of the treaty. For example, the Cyber Security Industry Alliance (https://www.csialliance.org/), a computer-security advocacy group, released a statement in which Executive Director Paul Kurtz said, "Today marks an important milestone in the fight against international cybercrime. Through its support of the cybercrime treaty, the US is strengthening international laws and empowering law enforcement authorities to protect our information-based systems, (see “CSIA Applauds Ratification of Cybercrime Treaty,” Cyber Security Industry Alliance Press Release, August 4, 2006).

However, the Senate's ratification of the treaty has also drawn criticism, primarily from privacy groups. For example, the Electronic Frontier Foundation's (EFF) statement on the ratification calls that treaty the "World's Worst Internet Law" and claims that "the treaty requires that the US government help enforce other countries' 'cybercrime' laws, even if the act being prosecuted is not illegal in the United States.” This reportedly means, in EFF’s view, that “countries with laws limiting free speech on the Net could oblige the FBI to uncover the identities of anonymous American critics or monitor their communications on behalf of foreign governments." The EFF also claims that "American ISPs would be obliged to obey other jurisdictions' requests to log their users' behavior without due process or compensation" (see "Critics Clash Over Cybercrime Convention," Infoworld, Aug. 7, 2006).

Complaints about the treaty by privacy groups seem overblown, though. The EFF's view that the treaty requires the US to assist in the prosecution of cybercrimes that are not illegal in this country is irrelevant, since other signatories to the treaty have criminalized few, if any, activities that the US has not deemed to be illegal (if countries with tighter restrictions on Internet usage, such as China, join the treaty, this could become more problematic). US officials have taken freedom-of-speech concerns into account and say that the treaty will not override constitutional protections. For example, the US opted out of the "hate speech" component of the treaty since many European countries have much tougher restrictions on freedom of speech than the US.

For corporations whose activities are possibly impacted by the treaty, the effects will most likely be minimal, since the bulk of activities stipulated by the treaty are best practices anyway. Thus, if adhered to by the signatory companies, the treaty provides significant benefits and no major additional burdens.

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Monthly Threat Summary

The Aug. 8 Microsoft Corp. Security Bulletin set a record in terms of the total number of vulnerabilities addressed (23; the previous record was last month's 21) and the number of vulnerabilities labeled as Critical (15 this month as opposed to 11 last month). Of these vulnerabilities, security experts consider MS06-040 to be the most critical and it should be patched immediately.

Two other events of note over the past two weeks was the DEFCON convention, held in Las Vegas from Aug. 4-6, and the Black Hat convention, held in the same town from July 29-Aug. 1. Although these conferences are as much (or even more) social gatherings as they are professional conferences, at both of these events announced a number of new vulnerabilities and attack techniques, which will doubtless inspire budding hackers to emulate and improve upon them.

One potentially significant issue that emerged at DEFCON was the announcement of a means to – in theory at least – use a BlackBerry to hack into a corporate network. The technique involves connecting to a malicious host using a BlackBerry device, then connecting from the malicious host (located on the Internet) to the Rim Server residing on the internal network (Hines, Matthew, "Researchers Warn of Serious BlackBerry Vulnerability," eWeek Aug. 8, 2006.

Malicious cyber activity in the near future are likely to revolve around 1) the vulnerabilities announced in the latest Microsoft Security Bulletin, as hackers attempt to exploit the window of opportunity to develop attack methods before user’s computers are patched, and 2) the attack techniques publicized in the DEFCON/Black Hat conferences, which will likewise encourage malicious actors to attempt to emulate them. Of these, the most troubling, again, is Microsoft’s announcement of the MS06-040 vulnerability; at least one bot that targets the vulnerability has already been released, and more malicious codes are almost certainly soon to follow. 

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News from VeriSign

VeriSign to Secure WiMAX Standards Wireless Broadband Networks  
VeriSign has been selected by the WiMAX Forum™, the exclusive global organization dedicated to certifying the interoperability of wireless broadband access products based on global standards, to provide PKI-related services to all WiMAX Forum Certified™ solutions based on IEEE 802.16-2004 and ETSI HiperMAN 1.2.1. Read the release.

iPay Technologies Selects VeriSign Identity Protection Fraud Detection Service for Risk-Based Authentication  
iPay Technologies selected the VeriSign® Identity Protection (VIP) Fraud Detection Service to provide online security for its customers and financial institutions. Under terms of the agreement, iPay Technologies will deploy the VIP Fraud Detection Service to secure customer login and transaction information Read the release.

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Security Events

September  7 - 8 Forrester Security Forum, Atlanta, CA 
Hear Ken Dunham, Director of Rapid Response Team, VeriSign iDEFENSE as he gives his keynote presentation: 2006 Cyber-Threatscape - A Review of the Top Threats, Trends, and Issues Important to Computer Security Leaders, on Thursday, September 7, 11:00 a.m. 
 
September 11 Fall VON, Boston, MA 
Tom Kershaw, VeriSign Vice President of VoIP Services, will present: Creating Applications in an IMS World, on September 12 at 4:30 p.m.  On September 14 at 2:00 p.m., he’ll present Video Ringtones. If you’re attending VON, please visit us at booth #349. 
 
September 12 - 14 CTIA Wireless IT, Los Angeles, CA 
If you’re attending this year’s CTIA show, please stop by VeriSign booth #1047 at the Los Angeles Convention Center. 

September 12 - 14 Executive Woman's Forum, Phoenix, AZ 
VeriSign is proud to be a Diamond Sponsor of this premier event that brings together elite female information security executives and practitioners. 

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