From: Dave Aitel (daveimmunitysec.com)
Date: Tue Aug 24 2004 - 05:11:13 CDT

• Messages sorted by: [ date ] [ thread ] [ subject ] [ author ]

Mike Bailey(mike.baileysunbladesecurity.com)Mon, Aug 23, 2004 at
11:53:36PM -0400:
> Dave's Direction 2: I think we're already there. Banking for example,
If you
> look at the 15,000+ banks out there you will find a very small
percentage
> that really want to be secure or even know what insecurities they
have. They
> want to know the FFIEC is not going to lower their rating (or worse
let
> their customers know) due to findings that don't meet the assessment
> criteria the FDIC, OCC and Federal Reserve examiners are looking for.
I'm
> sure it will be the same for HIPPA as soon as they get an federal
level
> audit division for it. It's my opinion that companies want to know
they
> won't get in trouble more so than protecting themselves and others
from
> security incidents.

The regulators are in a really bad position right now to determine
security insecurities as they are not allowed to do any more than ask
questions and review reports. I was shocked to find this out, but they
are not allowed to use any tools or perform hands-on validation of any
kind. They are just there to review audit reports done by 3rd parties
and ask follow up questions. These audits range in scope from port
scans, penetration tests, security validation tests, to SAS70 reports.

Based on their inability to verify information gathered it would only be
from gross negligence that any financial site could be poorly rated by
the regulators.

-anon

_______________________________________________
Dailydave mailing list
Dailydavelists.immunitysec.com
http://www.immunitysec.com/mailman/listinfo/dailydave

• Messages sorted by: [ date ] [ thread ] [ subject ] [ author ]