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« Study supports the need for a good, ethical privacy program | Main | Some more laptops stolen... »

Hacked bank used to host phishing sites

Yes, the story of the bank in China that was being used to host a phishing site to spoof messages and collect personal information from customers of a different bank, as well as eBay customers, made it all over the news today. 

Such an ironic situation; exploiting the security weaknesses of one bank's network infrastructure to host a site to exploit the vulnerabilities of another bank's (and eBay's) customers.  What is discouraging with regard to security diligence is that the exploit was reported by a customer receiving one of the phishing messages, and not (at least as reported) noticed by the bank itself being used as the host.  In fact, some reports implied the bank may still not be aware of the exploit, but that is hard to believe...or is it? 

Just imagine how many organizations possibly are currently being exploited...and possibly have been for years...because they do no activity logging, vulnerability checks, or audits of their systems on a regular basis.  There have already been many reported instances of the computer systems of several organizations being used as repositories for warez, illegal music and CDs, and porn stockpiles.  Folks, part of an effective regulatory compliance program is establishing safeguards to prevent such situations from happening.

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Rebecca Herold's Bio:

Rebecca Herold,CISSP, CIPP, CISM, CISA, FLMI, has been providing information security, privacy and regulatory assistance and services to organizations from a wide range of industries for over 18 years. Rebecca was instrumental in building the information security and privacy program while at Principal Financial Group, which was awarded the CSI Information Security Program of the Year Award in 1998. IT Security ranked Rebecca as one of the top 59 IT security influencers, and Computerworld put Rebecca their list of the 25 top privacy experts and on their list of the 9 best privacy consulting firms. Rebecca has been CPO for two consulting organizations, and has had her own information privacy, security and compliance business since 2004. Rebecca has written chapters for several books, dozens of articles, and has been writing a monthly privacy column for the CSI Alert newsletter since the beginning of 2001, and is working on her 11th book. Some of her other books include The Privacy Papers, Managing an Information Security and Privacy Awareness and Training Program, The Definitive Guide to Security Inside the Perimeter (Realtime Publishers), The Shortcut Guide to Improving IT Service Support through ITIL (Realtime Publishers), and The Practical Guide to HIPAA Privacy and Security Compliance. In addition, Rebecca is the leader of The Realtime IT Compliance Community where she posts to her IT Compliance weblog. You can contact Rebecca at: rebecca_herold@realtimepublishers.net.