About Us | Contact Us
View Cart

Information Overload 2017

By Dan Hadaway | Wednesday, November 23, 2016 - Leave a Comment

2017 – Ten Guidance Releases and the Solution . . .


A sidebar from our 2017 M-7 Article!
Another one of those Dan’s New Leaf Posts, meant to inspire thought about IT Governance . . . .


ServIcons_ITAudit_01

We felt our M-7 article should inventory the new guidance you’ll need to get your arms around in 2017.  However, when we did this, the one trend about information overload was overloaded with information!  Thus, this sidebar illustrates the compliance burden faced with in 2017.  Remember, these ten documents are simply what’s already out there.  We don’t know what’s coming in 2017.

  1. The Cybersecurity Assessment Tool – while this was released in 2015, “the time to pay the pauper” is coming due in 2017, especially if you’re an OCC regulated bank. An MRA for every case you’re not at baseline needs to be taken seriously.
  2. Management Booklet (part of IT Exam Handbook). Updated in 11/10/2015, this new guidance expands the previous tactics of Information Security into the more comprehensive strategy of IT Governance.
  3. Appendix J – Another 2015 guidance that is going to be supervised against rather closely. If you haven’t integrated the implications of this into your vendor management and business continuity programs, you should do so soon.
  4. CAT FAQ – October 2016 release . . . this is a handy frequently asked questions guidance about the Cybersecurity Assessment Tool. You can claim ignorance no more!
  5. Update to Information Security Booklet – On 09/09/16 the FFIEC updated the Information Security Booklet, seemingly abandoning all pretense that CAT statements were always in guidance. It clarifies things, and adds to your to-do list.
  6. Interbank Messaging – While not setting any new guidance itself, this June 2016 bulletin put everyone on notice that attacks against interbank networks and wholesale payment systems had been observed in the wild . . . and reminded banks that they should be using multiple layers of security, including addressing the risk of compromised credentials in their risk management process.
  7. Retail Payment Systems Booklet – This 147 page document was revised in April 2016 to include new guidance for electronic retail payment systems including remotely created checks, electronically created payment orders and automated clearing house transactions.
  8. Extortion Statement – The FFIEC issued this notice to financial institutions in November 2015, providing guidance on responding to cyber attacks involving extortion, such as ransomware, and how to avoid becoming a victim in the first place.
  9. Statement on Compromised Credentials – A warning to financial institutions that they should be reviewing their risk management practices and controls to prevent attacks using stolen account credentials.
  10. Statement on Malware – Coming at the same time as the statement on compromised credentials, this statement calls on institutions to review their risk mitigation plans in regards to malware.

The Solution?

Now, you may wonder, what is the solution to this problem?

“The bad news is time flies. The good news is you’re the pilot.”

― Michael Altshuler”

The only way we’re going to be able to handle these periodic gluts of new guidance, without investing in more people, is to manage our time better.  It’s time to invest in time management training.

Enough said.


Original article by Dan Hadaway CRISC CISA CISM. Founder and Managing Partner, infotex

Dan’s New Leaf is a fun blog to inspire thought in the area of IT Governance.”

 


same_strip_012513


 

Latest News
    Reasons why we should be considered! infotex provides a number of services that can be checked out if you click over to offerings.infotex.com! We even made a movie with all the reasons why infotex should be your next MSOC!  
    infotex and GoTo To all infotex managed security service Clients: As recently reported by major news outlets there was a data breach affecting GoTo (formerly LogMeIn) wherein attackers stole encrypted backups containing customer information in November 2022.  Based on the advisory from GoTo the products they offer that are affected include LogMeIn Pro, LogMeIn Central, […]
    An option for increasing security for ALL organizations. . . The threat landscape is evolving daily, and it is becoming increasingly difficult for even large organizations providing cyber defense services to keep up. As Brandao (2021) notes, it is important for organizations to adapt holistic technologies that can correlate all attack events. Therefore, developing XDR […]
    Another awareness poster for YOUR customers (and users).  Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Check out posters.infotex.com for the whole collection! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape) You are welcome to print out and distribute this around your […]
    A relic of the internet’s less secure past, many small firms struggle to secure their email systems… An article review. With a great deal of cybersecurity related news focused on new threats and similarly new techniques aimed at combating them, it can be easy to forget some of the older threats that have never gone […]
    Seven Trends . . . …that small bank Information Security Officers face in 2023 Another one of those Dan’s New Leaf Posts, meant to inspire thought about IT Governance . . . . Welcome to the Magnificent Seven, my annual predictive article about the seven trends in technology that will impact the Information Security Officers of […]
    System Security and Cybersecurity are not the same thing. . . Another one of those Dan’s New Leaf Posts, meant to inspire thought about IT Governance . . . . Regarding “information security,” the last thirty years have seen an evolution of frameworks, laws, and assessment approaches which intimidate the management team with their complexity.  […]
    The cryptographic algorithm is vulnerable to attack and is no longer considered secure… An article review. NIST has announced that it plans to retire the SHA-1 cryptographic algorithm by the end of 2030, citing multiple vulnerabilities in the standard, effectively ending its use after nearly 30 years.  Introduced in 1995, SHA-1 used a 160-bit hash […]
    Another awareness poster for YOUR customers (and users).  Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Check out posters.infotex.com for the whole collection! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape) You are welcome to print out and distribute this around your […]
    Trending: Awareness Posters Meet Infographics Here are the top seven posters as of the last twelve months! As always, our Awareness Posters were a hit in 2022! So we decided to run some reports to see what our most popular posters were since November 2021. As everybody loves top ten lists and contests, we thought […]