Q: Scott, the HP Security Research Cyber Risk Report 2013 lists some pretty alarming findings. For instance, 74% of apps exhibit unnecessary permissions and 80% of applications are vulnerable to misconfiguration vulnerabilities. What sort of solutions does HP Security recommend to what I assume are growing problems?
Scott Lambert: People are more mobile than ever, which can mean increased risk for enterprises. As competition and market demands push for more mobile apps, newer features, faster releases, and broader distribution of these apps – often developed by third parties – the business' risk exposure grows exponentially. IT Security must ensure these apps are secure; however, the demand for qualified security experts who understand the mobile application security landscape makes it more challenging to find and maintain this expertise in-house. As a result, organizations are at risk of exposing their sensitive corporate data, employee information, and ultimately losing brand equity through breaches of their mobile apps.
To help ensure that applications are secure throughout their entire lifecycle, organizations must build security in from the start. With the uptick in third-party-built applications, a security assessment test can serve as a necessary tool to test mobile applications for security vulnerabilities. Nearly all vulnerabilities can be found and ultimately remediated by running a security assessment test before releasing or procuring a mobile application.
HP Fortify on Demand Mobile is a Security-as-a-Service (SaaS) testing solution that enables organizations to assess and remediate vulnerabilities quickly without the need for additional in-house mobile security and threat expertise. The solution tests all three layers of the technology stack -- client, network, and server -- to paint the truest picture of mobile application risk. Test results are prioritized and verified by some of the leading application researchers and testers. Vulnerabilities found in one component of the application -- such as the client -- can be used while testing the server in exactly the same way that an intruder would infiltrate an enterprise. The results are quick and precise for fast remediation, which is key in application security.
Q: In last year's 2013 Fourth Annual Cost of Cyber Crime Study – U.S. , you report that the average U.S. company experiences more than 100 successful cyber attacks each year at a cost of $11.6 million. Give us a little peek at this year's report. Is the problem getting worse or better -- and by how much?
Lambert: Comparing the results of our annual Cost of Cybercrime study, we've seen the volume and cost of cybercrime climb steadily year over year. Based on a benchmark set of U.S. organizations, the average cost of cybercrime was a staggering $11.56 million per organization in 2013, which was a 78% increase since the study was first conducted four years ago.
These increasing costs go hand in hand with the amount of time it takes to resolve a cyber attack, which has also increased during this same period. As hackers become more sophisticated, many attacks remain undetected for weeks or even months. The average time to resolve a cyber attack was 32 days, and the average cost incurred to resolve a single security incident was more than $1 million.
Despite these alarming results, these findings also show us that these costs can be significantly reduced by the use of advanced security intelligence tools such as Security Information and Event Management (SIEM) solutions, network intelligence systems, and big data analytics. Since recovery and detection are the most costly internal activities, organizations using security intelligence technologies are able to reduce these costs by finding and containing the attacks earlier, saving nearly $4 million per year on average and a 21% ROI over other technology categories. Deployment of enterprise security governance practices -- including investing in adequate resources, appointing a high-level security leaders, and employing certified or expert staff -- can reduce cybercrime costs and enable organizations to save an estimated average of $1.5 million per year.
Q: You are sponsoring a workshop at Black Hat USA 2014 called "A Deep Dive Into Zero-Day Security Intelligence and Collaboration" that focuses on the fact that, despite the success of indie and vendor bug bounty programs, more software vulnerability information is going for sale to the highest bidder on the black market. Tell me a bit about what attendees can expect to learn.
Lambert: Over the past several years, the value of bug bounty programs has become increasingly evident to the security community. New programs have entered the market, and researchers are being further rewarded for finding and responsibly disclosing flaws in the programs being used every day by consumers and businesses alike.
Despite these successes, software vulnerability information continues to be sold to the highest bidder on the black market where it can wreak havoc on organizations, individuals, and the industry.
This workshop will help attendees gain a deep understanding of how to prepare to defend against a zero-day attack. The workshop facilitators will also provide an insider view into the creation and deployment of zero-day vulnerability filters. In addition, attendees will also learn how strategic threat intelligence feeds share threat data and analysis to help security researchers and organizations gain real-time intelligence on adversaries, attack vectors, methods, and motivations behind current threats.