Risk

2/6/2011
06:52 PM
George V. Hulme
George V. Hulme
Commentary
50%
50%

Nasdaq Hack. Lots of Questions. Few Answers

According to a news report this weekend, hackers breached web-based applications owned by the NASDAQ. How deep did the attacks go, and who was behind them?

According to a news report this weekend, hackers breached web-based applications owned by the NASDAQ. How deep did the attacks go, and who was behind them?A news story from The Wall Street Journal reported that attackers had penetrated, on multiple occasions, the computer networks of the company that runs the Nasdaq Stock Market. According to the story federal investigators are working to uncover the criminals. The Nasdaq trading platform was not affected, the story claimed. The story was based on unnamed sources.

It wasn't the Nasdaq stock market that the attackers were after it turns out, but information from the boards of directors of publicly traded companies. To get that, it was their Web-based collaboration platform – Directors Desk – that was the target.

This statement from Nasdaq says that the company detected suspicious files on U.S. servers and determined: that our web facing application Directors Desk was potentially affected. We immediately conducted an investigation, which included outside forensic firms and U.S. federal law enforcement. The files were immediately removed and at this point there is no evidence that any Directors Desk customer information was accessed or acquired by hackers.

The The Wall Street Journal, in a follow-up story, reported that the exchange will be run as usual for trading on Monday.

According its own Web site, Directors Desk is used by 10,000 directors at Fortune 500 sized companies. That's a trove of information, so no shocker the system was targeted.

The Nasdaq OMX was no slouch when it comes to security, either:

Operational Security

Our policies comply with the ISO27001 security standard, providing multiple levels of protection to guard our clients' confidential data against undesired access. The ISO27001 standard includes employee background screening; policies that restrict physical and logical access to classified information; management of information systems; firewalling; intrusion detection; risk assessment; and guaranteed destruction of expired data.

Application Security

Directors Desk provides multiple layers of security to protect our clients' most vital corporate records.

User authentication is tightly controlled through "strong passwords," fully encrypted transport, procedures surrounding account activation, and encryption of all service level passwords in the system.

Role-based security protocols control which content is available to each user upon logging in.

Network and host-based Intrusion Detection Systems (IDS) protect all hardware and applications in the Directors Desk server farm

Complying with security standards, having good authentication and authorization systems in place is great. So are IDS systems. But no matter how many layers of security are in place, what matters is how well it's all orchestrated together. That's why lists of standards being adhered to, as well as security technologies in place don't really tell us much about how secure an organization is.

So far, not much information about this hack. Hopefully, Nasdaq is correct, and no customer information was stolen. But we still don't know who was behind the attack, and can only assume that it was board secrets that the attackers sought.

For my security and technology observations throughout the day, find me on Twitter.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
FTC Opens Probe into Equifax Data Breach
Jai Vijayan, Freelance writer,  9/14/2017
Equifax CIO, CSO Step Down
Dark Reading Staff 9/15/2017
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
Security Vulnerabilities: The Next Wave
Just when you thought it was safe, researchers have unveiled a new round of IT security flaws. Is your enterprise ready?
Flash Poll
[Strategic Security Report] How Enterprises Are Attacking the IT Security Problem
[Strategic Security Report] How Enterprises Are Attacking the IT Security Problem
Enterprises are spending more of their IT budgets on cybersecurity technology. How do your organization's security plans and strategies compare to what others are doing? Here's an in-depth look.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-0290
Published: 2017-05-09
NScript in mpengine in Microsoft Malware Protection Engine with Engine Version before 1.1.13704.0, as used in Windows Defender and other products, allows remote attackers to execute arbitrary code or cause a denial of service (type confusion and application crash) via crafted JavaScript code within ...

CVE-2016-10369
Published: 2017-05-08
unixsocket.c in lxterminal through 0.3.0 insecurely uses /tmp for a socket file, allowing a local user to cause a denial of service (preventing terminal launch), or possibly have other impact (bypassing terminal access control).

CVE-2016-8202
Published: 2017-05-08
A privilege escalation vulnerability in Brocade Fibre Channel SAN products running Brocade Fabric OS (FOS) releases earlier than v7.4.1d and v8.0.1b could allow an authenticated attacker to elevate the privileges of user accounts accessing the system via command line interface. With affected version...

CVE-2016-8209
Published: 2017-05-08
Improper checks for unusual or exceptional conditions in Brocade NetIron 05.8.00 and later releases up to and including 06.1.00, when the Management Module is continuously scanned on port 22, may allow attackers to cause a denial of service (crash and reload) of the management module.

CVE-2017-0890
Published: 2017-05-08
Nextcloud Server before 11.0.3 is vulnerable to an inadequate escaping leading to a XSS vulnerability in the search module. To be exploitable a user has to write or paste malicious content into the search dialogue.