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Privilege Abuse, Human Error, Greatest Risks to Enterprise Data- Oracle Study

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Data breaches cost organizations millions, damage their reputation, and result in lost customers and business opportunities.

A new survey of 353 Independent Oracle Users Group (IOUG) database and IT professionals examines the state of enterprise database security, where the biggest risks lie, and how organizations can improve upon their security strategies.

To better understand the state of enterprise database security, the Independent Oracle Users Group (IOUG) released a global survey titled “DBA – Security Superhero: 2014 IOUG Enterprise Data Security Survey.”

The survey, conducted by Unisphere Research and sponsored by Oracle, polled 353 IOUG database security managers, database administrators, and directors or managers of IT in companies spanning various industries including IT services, government, education, utilities, transportation, and financial services.

Although the survey results show that organizations have a high commitment to enterprise security, it spotlights how ill-prepared most organizations are to both internal and external threats.

Overall, the survey results indicate that organizations have weak preventive, detective, and administrative security controls, including limited internal controls on privileged users, lack of knowledge of where sensitive data resides, and inadequate monitoring of privileged-user activities.

While 58 percent of respondents noted that databases were the most vulnerable part of their IT environment, the majority invested in securing areas of less risk such as the network, servers, and desktops.

Key Findings Include:

More than three-fourths (81 percent) of respondents see human error as the greatest risk to enterprise data, followed by a fear of inside attacks (65 percent).

Other concerns included access privilege abuse from IT staff (54 percent) and malicious code and viruses in their systems (53 percent).

Despite these human risks, many respondents indicated they have relatively few safeguards in place against accidental or intentional staff abuse.

Alarmingly, almost 40 percent of those surveyed admitted to not knowing which databases had sensitive or regulated information and 71 percent lacked safeguards or were unsure if any were in place to combat accidental harm to databases and applications. Today’s complex data environments may be affecting respondents’ abilities to implement comprehensive data protection efforts.

Only 18 percent of respondents encrypt data at rest on all their databases. Further, only 46 percent of the respondents were redacting sensitive application data, leaving the rest open to casual users of those applications.

Despite the well understood risks with proliferation of production data to non production environment, 45 percent of respondents use copies of production data for test and development and 41 percent of them have three or more copies of production data.

“We are in the age of mega-breaches—where breaches in the millions are becoming commonplace. For most organizations, it’s no longer a matter of ‘if’ an attack will occur, but ‘when,’” said Vipin Samar, vice president of database security, Oracle. “This survey highlights that many enterprises lack proper database security controls, and under the current heightened threat environment, they simply cannot afford to wait. It’s more important than ever for organizations to have actionable data security strategies in place to properly manage sensitive customer and organizational data.”

“This survey is a powerful tool for both learning and educating, putting a fine point on the key security issues that keep superhero DBAs and their management awake at night. Exercising extreme data security diligence and data breach readiness is no longer an optional concern but rather a cost of doing business,” said John Matelski, President of the IOUG. “The survey highlights the insight and breadth the IOUG community of professionals contributes to the marketplace across sectors, professions, and geography.”


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ISDL Achieves IMS Certification

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Integrated System and Devices Limited (ISDL), a major provider of electronic security solutions, is delighted to announce the successful attainment of ISO 14001:2015 and ISO 45001:2018 certifications following a rigorous audit process conducted by Bureau Veritas Certification Holdings SAS-UK Branch.

ISDL Achieves IMS Certification

In 2021, ISDL bagged the Quality management systems ISO 9001:2015, and now in 2024, with unwavering dedication to customer satisfaction, the occupational Health and Safety system ISO 45001:2018 and the Environmental management system ISO 14001:2015 have been consolidated to form an Integrated Management System.

These certifications, covering ISDL’s headquarters and branches, signify the company’s unwavering commitment to upholding the highest standards of quality management across all facets of its operations.

According to Oluseun Mabogunje, managing director of ISDL, the scope of the certifications encompasses the design, procurement, supply, installation, integration, maintenance, and after-sales support of various electronic security and Extra Low Voltage (ELV) equipment.

Mabogunje expressed his elation at receiving the IMS certifications, emphasizing ISDL’s dedication to delivering exceptional quality and service to its clientele. He emphasized that this achievement underscores the company’s ongoing pursuit of continuous improvement and customer satisfaction.

 

 

 


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Cybervergent’s Q1 2024 Report Reveals Rising Threat of Remcos RAT Malware in Financial Sector

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Cybervergent, a foremost technology company providing automated cybersecurity solutions, in its Quarterly Brief has revealed a troubling trend in the financial sector that shows a spike in attacks utilising the deceptive Remote Control and Surveillance Access Trojan (Remcos RAT) in Q1, 2024.

The findings affirm a stark forewarning to the financial institutions and organisations in the African continent, urging heightened vigilance and proactive measures to mitigate potential escalating risks.

Previously marketed as a legitimate software, Remcos got co-opted by malicious actors and is now a prevalent tool in cybercrime campaigns. This remote access tool grants attackers hidden entry into victims’ devices, allowing them to seize control, pilfer sensitive data, and even introduce stealth backdoors to compromise entire systems. The capabilities of Remcos are diverse and frightening, ranging from disabling vital security features like User Account Control (UAC) to covertly recording user activities.

“As vigilant cybersecurity gatekeepers, we have observed a significant surge in attacks leveraging the Remcos RAT malware,” said Gbolabo Awelewa, the Chief Solutions Officer, Cybervergent. “Financial institutions are particularly targeted due to the sensitive nature of their data and assets. Organisations must remain diligent and adopt proactive monitoring measures to safeguard against such threats.”

The proactive approach adopted by Cybervergent’s Cyber Operations Centre involves meticulous analysis of attacker tactics, constant updating of threat intelligence, and implementing robust endpoint security solutions. These measures are designed to detect, prevent, and neutralise Remote Access Trojans like Remcos, ensuring the continued security and compliance of organisations in the face of evolving cyber threats.

“Our mission is to fortify our clients’ defenses and ensure the seamless operation of their organisations,” added Gbolabo. “By staying ahead of emerging attack vectors and vulnerabilities, we empower businesses to take proactive measures and protect their valuable assets.”

Looking ahead, Adetokunbo Omotosho, Chief Executive Officer of Cybervergent emphasised the firm’s focus on empowering organisations to navigate the complexities of cybersecurity and compliance with dexterity and confidence.

“Cybervergent’s Assurance and Compliance Team has demonstrated unparalleled leadership in the cybersecurity domain, achieving significant milestones and delivering transformative solutions. Our journey through Q1 reflects a deep commitment to advancing the state of cybersecurity compliance, paving the way for a secure and resilient digital future for organisations in Africa and across the world”, he added.


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Konga Launches Free Same Day Deliveries on Starlink, Apple & Samsung Nationwide

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Konga, the only authorised shop-in-shop for Starlink Internet kits in Nigeria, is offering its customers free same day delivery across all major cities in the country.

With prices of Starlink Internet kits slashed by 50%, Konga is delivering additional value so that both homes and businesses in urban and remote places can enjoy infinite possibilities with their internet on both their standard and enterprise installations. This offer which is available both online and in its retail stores nationwide is exclusive to new and existing customers this month.

With the improvement in prices on both original standard and enterprise Starlink kits, customers can now enjoy a global warranty and direct installation services by purchasing only on Konga.

Since the launch of the partnership with the Elon Musk owned satellite internet provider, Nigerians have continued to celebrate the uninterrupted supply of fast and efficient cyber network services from the authentic devices available on Konga.

In addition to Starlink, other unique items from leading global companies such as Apple, HP, Lenovo, Samsung, Zinox, Philips, Intel and many more are available at unbeatable discounts in the Konga Tech Month from the 1st and will run till the 31st of May 2024.

The Konga Tech Month was extended from its traditional 7day promotion to 30days to give more people access to exclusive deals throughout the month. To enjoy these mouthwatering offers, visit konga.com or any of its physical outlets today.


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