Friday Feb 28, 2014

February Edition of Security Inside Out Newsletter, Now Available

Get the latest edition of our bi-monthly (that's every other month) Security Inside Out newsletter featuring both database security and identity management news. This month's articles:

SANS Study Explores Maturity of Security Strategies Among Healthcare Organizations

A new report from the SANS Institute, a leading security education and research organization, surveys real-world organizations to discover how the healthcare industry is adapting to this new security landscape. Find out how organizations like yours are responding to the new challenges of more-stringent regulations and new mobile and cloud technologies.

New Report Puts Oracle Audit Vault and Database Firewall to the Test

A new report from leading security organization SANS Institute finds that Oracle Audit Vault and Database Firewall successfully achieves three key security objectives: audit collection, SQL traffic monitoring, and security event reporting.

Key Cloud Security Paradigms and Oracle’s Identity Management Roadmap

Find out the most common approaches to achieving security in the cloud and whether using a third-party identity management solution is a good strategy. 

Read more here

Bitcoin Exchange Files Bankruptcy in Wake of Cyber Attack

There are a lot of interesting nuggets to pull from the downfall of Mt. Gox, but the Christian Science Monitor sums it up under "What it All Means":

Mt. Gox serves as a reminder that you're not just buying Bitcoins; you're also involved in the company performing the exchange. There are no watchmen to answer to, and things can go downhill quickly if a breach happens. It's not an isolated incident, either: In 2012, the exchange site Bitcoinica was hacked for over $460,000 worth of Bitcoins, according to The Verge.

If you're not familiar with the story, Mt Gox (Picture Source: The building that houses the Mt. Gox offices in Tokyo. Photo: Ariel Zambelich/WIRED) was targeted by hackers who stole around $350 million in Bitcoins over a two year period and they have stopped exchanging bitcoins as of Tuesday.

The building that houses the Mt. Gox offices in Tokyo. Photo: Ariel Zambelich/WIRED

Wired has a great write-up here on the exploit and alleged repercussions and predictions of the attack, some of which have already come true: bankruptcy. The hackers exploited a bug in Mt. Gox's website, but it's not clear exactly what they did at this point:

Now, according to the alleged leaked document, it looks like hackers had been exploiting that bug for two years, and even removing bitcoins from supposedly secure “cold” wallets that the company had stored offline. Typically, cold wallets are disconnected from the internet and cannot be emptied by online attackers. However, the “cold storage has been wiped out due to a leak in the hot wallet,” the document states.

Wired is referring to this leaked document.  Analysis at the end of the document says "Expertise to find: Analysts, top class developers (crypto), IT security expert..." I'll say they need an IT security expert. 

There's more to learn on this one. 


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