Case Study on "Audit and Accountability Case"

Case Study 6 pages (1901 words) Sources: 6

[EXCERPT] . . . .

Web browsers: there is evidence for the need to use current web browsers. However, majority of enterprises are unable to shift from Microsoft Internet Explorer (IE) because they still use critical business legacy applications still compatible with the older browser. A worldwide survey conducted in 2010 shows that even Google and other leading corporations still use IE despite its long 'obsoleteness' (Davidson, 2009). Firms using the obsolete version lack modern phishing security and a host vulnerable software that facilitate the dropping of backdoors on their computer networks.

Conclusion

Spear phishing is the most widely used approach in imitating attacks. This is because users are increasingly falling prey to spear phishing emails, leading significant damage to respective organizations. Email attachments used in spear phishing are not easy to identify from normal document attachments in the corporate world. This increases the chances of successful workstation infections. The availability of organizational information on the websites enables attackers to obtain relevant data on their targets; this makes their APT campaigns more effective (Davidson, 2009). Spear phishing aids APT attacks owing to the vast amounts of data available at the touch of a button. Business enterprises must strive to enhance their existing defense strategies and carefully consider the amount of information they should display on the internet.

It is evident that spear phishing attacks affect different business industries, making all sectors a potential target. A report by the Anti-Phishing Movement shows that regular phishing attacks have declined in the past years while spear phishing attacks continue to increase. Cyber crime has become prevalent because attackers have stopped attempts of gaining personal information from users. They are currently concentrating on deceiving unsuspecting users to download crime-ware. This enables them to retrieve and collect sensitive information including company trade secrets.

References

Davidson, A. (2009). The law of electronic commerce. Port Melbourne, Vic: Cambridge University Press.

Goodin, D. (2012). RSA SecurID software token cloning: A new how-to. Ars Technica. Available from: http://arstechnica.com/security/2012/05/rsa-securid-software-token-cloning-attack/

Ismail, N., & Cieh, E.L.Y. (2013). Beyond data protection: Strategic case studies and practical guidance. Berlin: Springer.

Kelly, S. (2012). Homeland Security cites sharp rise in cyber attacks. CNN Report. Available from: http://www.cnn.com/2012/07/04/us/cyber-attacks/index.html

Lewis, J.A. (2012). Significant Cyber Events. CSIS Magazine. Available from: http://csis.org/publication/cyber-events-2006

Rao, H.R., Gupta, M., & Upadhyaya, S. (2007). Managing information assurance in financial services. Hershey,… READ MORE

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