Cyber Attack: United Airlines, WSJ, NYSE … Oh My!!

While United Airlines grounded their entire fleet and the Wall Street Journal was off-line and the New York Stock Exchange could not conduct trading yesterday for an extended period of time, they all have stated that they were not under a cyber attack.

We do not believe in coincidences!

Apparently we are not alone with this cyber attack sentiment. The Phoenix Business Journal conducted an engaging cyber attack conversation with us about it.

Computer network problems and outages brought the New York Stock Exchange to a halt, temporarily grounded United Airlines flights and took down The Wall Street Journal’s website Wednesday.

While none of the affected businesses blamed the problems on cyber attack by Russian, North Korean, Chinese or ISIS hackers, their troubles show the vulnerability and potential minefields for U.S. computer and communications networks.

Businesses, large and small, as well as consumers are dependent on communications systems and computer networks in their day-to-day lives.
If technical glitches can halt NYSE trading on Wall Street and force United to ground and delay flights, think of what they can do to Main Street businesses, startups and personal lives.

United Airlines’ troubles adversely impacted a couple dozen flights at Phoenix Sky Harbor International Airport today, according to FlightAware.com. Chicago, New York, Atlanta and Los Angeles had major delays.

A cyber security expert suspects today’s problems may stem from malware contracted from a third-party vendor rather than from nefarious hackers invading U.S. business systems from a dark room in Moscow, Pyongyang or Shanghai. “If you look at all the cyber attacks in the last 12 months, 100 percent of their breaches happened due to human interaction on third party networks,” said Michael Peters, CEO of Lazarus Alliance, a cyber security company:. “Employees of a third party company will download malware and forward it to a company, allowing cyber attacks.”

United officials blamed router problems on their network problems. “An attack can certainly happen through a router,” said Peters. “A router isn’t any different from network devices, they follow all the same rules. So a cyber attack can happen when a router is hacked and traffic is rerouted.”
Peters explained that routers are like highways, controlling network traffic. When cyber attacks happen, hackers can “reroute” traffic and effectively send data to other locations where it can be forwarded to another location.

Peters said most companies who are hacked, even large organizations, don’t have proactive measures in place, leaving them vulnerable.

The Proverbial Identity Theft Bus Will Run You Over!

Think about a time when you had a single credit card lost or stolen and how much of a pain that experience was. Now imagine if your entire wallet was lost or stolen and the exponential magnitude of pain in the patootie that would be for you.

If you are a subscriber to identity theft protection disservice providers, they are the custodians of a subscriber’s (this means you!) entire portfolio of financial account information, credit cards numbers, current and former address history, family names, social security number, power of attorney and everything else you care to chuck into their systems. To make matters worse, you can now add web site account user names and passwords.

What you now have is a cornucopia of identity theft and cyber criminal fun all in one place, neatly packaged up for hackers in one convenient location. Referring back to my wallet analogy, the database entrusted to these identity theft protection disservice providers is bigger than your wallet; it’s now your entire financial and personal history.

Not only are these providers reckless, they are incompetent from a cyber security and consumer protection perspective. Further proof that you are precariously about to be swinging in the wind is to only look as far as their advertisements and marketing campaigns. They seem to think that it makes great advertising to ridicule Russian hackers or other cyber criminals portrayed as troglodytes.

When you poke a stick into a hornets’ nest, eventually you are going to get stung. In doing so, these identity theft protection disservice providers risk the subscribers mother lode of personal identity data for the sake of theatrics. You may recall a rather stupid marketing stunt by a CEO with a bullhorn shouting his social security number out. He could not prevent his own identity from being stolen 12+ times and counting. How can they protect subscribers?

Now comes a bigger consumer problem that would add insult to injury. Have you ever looked at the policy acknowledgement for your financial institution? I’ll share some current language to Chase which states:

“We may at our option change the parameters for the password used to access the Online Service (“Password”) without prior notice to you, and if we do so, you will be required to change your password the next time you access the Online Service. To prevent unauthorized access to your accounts and to prevent unauthorized use of the Online Service, you agree to protect and keep confidential your Card number, account number, PIN, User ID, Password, or other means of accessing your accounts via the Online Service. The loss, theft, or unauthorized use of your Card numbers, account numbers, PINs, User IDs, and Passwords could cause you to lose some or all of the money in your accounts, plus any amount available under your overdraft protection credit line, or draws on your credit card account. It could also permit unauthorized persons to gain access to your sensitive personal and account information and to use that information for fraudulent purposes, including identity theft. If you disclose your Card numbers, account numbers, PINs, User IDs, and/or Passwords to any person(s) or entity, you assume all risks and losses associated with such disclosure. If you permit any other person(s) or entity, including any data aggregation service providers, to use the Online Service or to access or use your Card numbers, account numbers, PINs, User IDs, Passwords, or other means to access your accounts, you are responsible for any transactions and activities performed from your accounts and for any use of your personal and account information by such person(s) or entity. If you believe someone may attempt to use or has used the Online Service without your permission, or that any other unauthorized use or security breach has occurred, you agree to immediately notify us at 1-877-242-7372, (J.P. Morgan Online clients only, call 866-265-1727 or 302-634-5115 for international clients).”

Here is another from Wells Fargo which states the same:

“You are responsible for protecting your password and account information by not disclosing your personal account information to others (including your ATM PIN, online username, and password).”

I can’t help but see the proverbial bus that will run over consumers when an identity theft protection disservice provider is breached. Consumers will look to their banks for assistance and the banks will refuse to cover the damages. It’s not due to consumer negligence. It’s due to custodian negligence and deceptive business practices of these identity theft protection disservice providers.

Look before you leap!

Lazarus Alliance is Proactive Cyber Security®

Federal cyber security breach has left millions of American citizens as casualties. Lazarus Alliance responds with proactive cyber-crime prevention.

Lazarus Alliance ups the ante with proactive cyber security weapons in the corporate arsenal to fight cybercrime, corporate fraud, espionage and criminal cyber-misconduct.

The egregious revelations following this security breach is that the Office of Personnel Management did not have even entry-level cyber security controls in place as reported on June 4, 2015 by NBC affiliate KPNX 12 News and many other outlets is proof that it’s time for the U.S. to take strong action to harden its technological infrastructure with proactive measures instead of the reactive posture demonstrated today.

KPNX went on to report that “Fundamental controls missing that facilitated this massive security breach affecting millions across the federal space were identified as a lack of data encryption, multifactor authentication and modern endpoint computing platforms all of which are critical in preventing cyber breaches and criminal misconduct.”

Michael Peters, CEO of Lazarus Alliance said “Proactive cyber security measures taken through competent IT risk, audit & compliance and governance assessments coupled with proven assessment tools like the IT Audit Machine are all known to prevent about 96% of all breach potential.”

“As long as public and private organizations remain reactive instead of proactive in their approach to cyber security, they will continue to fail the constituents they work to protect. This federal cyber data breach is a painful reminder that not enough is being done even at minimal levels.” said Peters.

Cyber-crime prevention is of paramount concern to the federal government and organizations of all sizes, all industries and in all parts of the world. Lazarus Alliance put its extensive experience in cybercrime and fraud prevention in the governance, risk and compliance (GRC) spaces to work for the federal and global business community.

“Survey after survey shows that simple and intermediate controls prevent espionage and cyber-crime and yet breach reports are escalating. These criminal acts could have been prevented through a proactive cyber security plan. Lazarus Alliance is proactive cyber security.” continued Peters.

Lazarus Alliance’s primary purpose is to help organizations attain, maintain, and demonstrate compliance and information security excellence, in any jurisdiction. Lazarus Alliance specializes in IT security, risk, privacy, governance, cyberspace law and compliance leadership solutions and is fully dedicated to global success in these disciplines.

Learn more about Lazarus Alliance and why Lazarus Alliance is Proactive Cyber Security™

Video: https://youtu.be/8eRv4zc9l4M