Scenario 6: Finelits. a South Carolina-based banking institution in the US, Is dedicated 10 providing comprehensive financial management solutions for both individuals and businesses. With a strong focus on leveraging financial technology innovations, Finelits strives to provide its clients with convenient access to their financial needs. To do so. the company offers a range of services. Firstly, it operates a network of physical branches across strategic locations, facilitates banking transactions, and provides basic financial services to Individuals who may not have easy access to a branch Through its diverse service offerings. Finelits aims to deliver exceptional banking services, ensuring financial stability and empowerment for its clients across the US.
Recently, Vera, an employee at Finelits, was passed over for a promotion. Feeling undervalued, Vera decided to take malicious actions to harm the company's reputation and gain unrestricted access to its sensitive information. To do so. Vera decided to collaborate with a former colleague who used lo work for Finelits's software development team. Vera provided the former colleague with valuable information about the Finelils's security protocols, which allowed the former colleague to gain access and introduce a backdoor into one of the company's critical software systems during a routine update. This backdoor allowed the attacker to bypass normal authentication measures and gain unrestricted access to the private network. Vera and the former employee aimed to attack Finelits's systems by altering transactions records, account balances, and investments portfolios. Their actions were carefully calculated to skew financial outcomes and mislead both the hank and Its customers by creating false financial statements, misleading reports, and inaccurate calculations.
After receiving numerous complaints from clients, reporting that they are being redirected to another site when attempting to log into their banking accounts on Finelits's web application, the company became aware of the issue. After taking immediate measures, conducting a thorough forensic analysis and collaborating with external cybersecurity experts, Finelits's Incident response team successfully identified the root cause of the incident. They were able to trace the intrusion back to the attackers, who had exploited vulnerabilities in the bank's system and utilized sophisticated techniques to compromise data integrity
The incident response team swiftly addressed the issue by restoring compromised data, enhancing security, and implementing preventative measures These measures encompassed new access controls, network segmentation, regular security audits, the testing and application of patches frequently, and the clear definition of personnel privileges within their roles for effective authorization management.
Based on the scenario above, answer the following question:
Based on scenario 6. as a preventative measure for potential attacks, Finalist clearly defined personnel privileges within their roles for effective authorization management. Is this necessary?
Authorization Management:
Definition: The process of specifying and enforcing what resources and actions users are permitted to access and perform.
Purpose: To ensure that only authorized personnel have access to sensitive information and systems.
Preventative Measures:
Role-Based Access Control (RBAC): Assigns permissions to roles rather than individuals, making it easier to manage and audit access.
Principle of Least Privilege: Grants users the minimum level of access necessary to perform their job functions.
Cybersecurity Reference:
ISO/IEC 27001: Recommends implementing access control policies to manage user permissions effectively.
NIST SP 800-53: Provides guidelines for access control, emphasizing the need for proper authorization management.
By defining and managing personnel privileges, organizations like Finalist can reduce the risk of unauthorized access and potential security incidents.
Sarah, a software developer, is working on a new project and wishes to deploy her custom applications using programming languages, libraries, and tool supported by a cloud provider. However, she does not want to worry about managing the underlying infrastructure. Which type of cloud computing service should Sarah use?
Sarah should use Platform as a Service (PaaS) to deploy her custom applications using programming languages, libraries, and tools supported by a cloud provider without worrying about managing the underlying infrastructure.
Detailed Explanation:
Platform as a Service (PaaS):
Definition: A cloud computing service that provides a platform allowing customers to develop, run, and manage applications without dealing with the infrastructure.
Benefits: Simplifies the development process by providing essential tools, databases, and middleware.
PaaS Features:
Development Tools: Offers programming languages, libraries, and frameworks for application development.
Infrastructure Management: The cloud provider manages the underlying hardware and software infrastructure.
Scalability: Allows easy scaling of applications as needed without managing servers.
Cybersecurity Reference:
ISO/IEC 17788: Defines cloud computing services, including PaaS, and outlines their characteristics and benefits.
NIST SP 800-145: Provides a definition of cloud computing services and details the different service models, including PaaS.
By using PaaS, Sarah can focus on developing and deploying her applications without the complexities of managing the infrastructure.
What is the main objective of end point monitoring in cyber security?
The main objective of endpoint monitoring in cybersecurity is to protect laptops, mobile devices, and servers. Endpoint monitoring involves continuously monitoring and managing the security of devices that connect to the network, ensuring they are not compromised and do not become entry points for attacks. This practice helps maintain the security and integrity of the network by detecting and responding to threats targeting endpoints. Reference include NIST SP 800-137, which covers continuous monitoring and provides guidelines for protecting endpoint devices.
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Why is proper maintenance of documented information important in a cybersecurity program?
Proper maintenance of documented information in a cybersecurity program is important because it ensures that actors are ready to act when needed. Up-to-date documentation provides clear guidelines and procedures for handling incidents, implementing security measures, and maintaining compliance with policies. This readiness is critical for effective and timely response to cybersecurity threats. Reference include ISO/IEC 27001, which emphasizes the importance of maintaining accurate and current documentation for effective information security management.
Which of the following activities does not ensure the ongoing security of an Intrusion Detection System (IDS)?
Reporting IDS alerts of malicious transactions to interested parties does not ensure the ongoing security of an Intrusion Detection System (IDS). While it is important for situational awareness and incident response, it does not directly contribute to the security and maintenance of the IDS itself. Ensuring ongoing security of an IDS involves activities such as encrypting IDS management communications and creating unique user and administrator accounts for every IDS system, which help protect the IDS from being compromised. Reference include NIST SP 800-94, which provides guidelines for securing IDS systems.
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