Risk Management: Employees' Online Shopping Jeopardizes Your Corporate Data

It's that time of year when employees really feel a need to shop online: Even if not on "job" time, a few minutes at lunch or before or after work can cause some significant security problems--and imperil your data governance strategy. These tips can help increase user awareness.

By Ophir Shalitin, Finjan

CONNECTIONS
Finjan
Thu, December 04, 2008CIO Despite predictions of a gloomy holiday shopping season, Internet bargains, gas saving and easy price comparison spur online shopping. Millions are planning to do their shopping online from work to save both time and money. But this might be opening the door to a whole other group of shoppers: cyber-criminals trolling for data and using malicious code to steal valuable information from corporate networks.

The number of people shopping online from work is increasing, according to a recent report released by Shop.org, which indicates that 55.8 percent of employees with Internet access at work, or roughly 72.8 million people, will shop for holiday gifts from work this year. This is up from 44.7 percent in 2005. Forrester Research is also projecting that U.S. consumers will spend an estimated $44 billion online during November and December 2008, up 12 percent from the same period last year.

This online shopping surge is likely to become a cybercrime haven. Today's cybercriminals are infecting legitimate websites with their malicious code, gaining significant Web traffic volume without having to send out spam to promote infected websites. At the same time these attacks evade traditional protection solutions, as these security measures are more effectively blocking websites correlated to links in mass spam. However, recent industry statistics show that 75 percent to 90 percent of malware on the Web originates from infected legitimate websites.

Cybercriminals are especially keen to get data collected from employees shopping online from work. Although stolen credit card numbers are still appealing to cyber-criminals, the abundance of such stolen information has commoditized in such a way that credit card numbers can only be traded for $10-$20. Sensitive and confidential corporate data such as FTP or Citrix credentials on the other hand, are 'premium' data that can be traded at a much higher price. Once an employee's PC at the workplace is infected, a crimeware Trojan will stealthily send out valuable information to the cybercriminals 'drop zone'. Such information includes both personal credentials as well as corporate sensitive information. Finjan's Malicious Code Research Center finds more and more corporate information including FTP, Exchange and Citrix credentials and even e-mail correspondence stored on crime-severs.

It might come as a surprise, but the chance of getting infected by a data-stealing Trojan is scarily high. An employee only needs to visit an infected shopping website to automatically get his PC compromised. Today's malware is especially tailored to exploit multiple vulnerabilities in the browser, operating system, media player and other script-enabled applications. Malicious code is almost always obfuscated or hidden in such a way that makes it 'invisible' to antivirus and signature based security solutions. An estimated 80 percent of today's malware is obfuscated, as found by the Finjan Malicious Code Research Center. Once the malware neutralizes protection measures of the infected application, it downloads a malicious 'payload', usually an advanced data-stealing Trojan. These Trojans are often highly sophisticated allowing cybercriminals to control the compromised PCs from a remote command and control center.

risk management

Loading...
Security MarketSpace
8 Tactics to Combat Vulnerabilities
This white paper reviews 8 key elements of vulnerability management and provides advice on combating known vs. unknown vulnerabilities. Learn more »
Email and Web Threats Require a Layered Defense
Learn how web threats are changing and how using a layered defense strategy can give you the security you need. Learn more »
Take Fraudsters Out of the Game
Easily identify account-device relationships and get data for in-depth forensic analysis. Learn more »
Mobile Security Landscape
This paper examines the current mobile security landscape, including myths surrounding the risks and threats, and how organizations can establish a solid mobile security strategy. Learn more »
Reducing Energy Costs in Your Data Center
This white paper examines the most common roadblocks to improving data center efficiency. Learn more »
Security convergence equals network security cost savings
Security convergence equals network security cost savings Learn more »
IBM ISS X-Force Threat and Risk Report
Read this Trend and Risk report from IBM® ISS X-Force® to learn statistical information about all aspects of threats that affect Internet security, including software vulnerabilities and public exploitation, malware, spam, phishing, web-based threats, and general cyber criminal activity. Learn more »
 
SPONSORED LINKS
 

Mobile Security: The Essential Ingredient for Today's Enterprise

IDC White Paper: CCM for IT Compliance and Risk Management

Keeping Your Members Safe from Online Scams and Predators

Learn about the growing threat of insider data theft.

Cut Costs & Green Your IT Operations with PC Power Management

White Paper: 4 Customer Service Myths

White Paper: Improve Agility with Operational Responsiveness

White Paper: Legacy Tools: Not Built for the Helpdesk

Taking a Seat at the Executive Table: The Reality of Virtualization

White Paper: Next Generation Remote Infrastructure Management

Seven Design Requirements for Web 2.0 Threat Protection

Generation Remote Infrastructure Management - Changing the Paradigm

Cloud-Based Email Management: Opinion Shifts In Favor

eBook: How Can You Make Your People Productive Anywhere?

Achieving Business Agility with Application Grid

Ready to virtualize tier one applications? Check your virtualization maturity.

Seven Ways ITIL Can Help You in an Economic Downturn

Tips for successful virtualization management.

Unified Communications: Thoughts, Strategies and Predictions. Join the discussion

Read the RSA report: Security for Business Innovation

Webcast: Looking to the Cloud for Email and Collaboration Services

64-page prescriptive guide to security, compliance, and IT operations.

Keep your IT expertise up to date. Join the Intel Premier IT Professionals.

A Clear View Toward Virtualization

Virtualization Technology as a Business Solution

White Paper: Managed Security for a Not-So-Secure World

Secure Email and Web-Based Communication from Evolving Attacks

WagerWorks Takes Fraudsters Out of the Game using iovation

White Paper: A Security Blueprint Delivered From within the Network

See how AT&T can help protect your network.

Webcast: Unleashing the Power of Customer Data

White Paper: 5 Best Practices for Smartphone Support

Global Research: CIOs Weigh In On Virtualization

5 Key Virtualization Management Challenges

The Total Economic Impact of Network Security Intrusion Prevention

Join us at the US-Brazil IT-BPO Summit, on November 10th in New York.

Increase UPS efficiency without sacrificing protection.

Learn how advanced forecasting tools can deliver significant business results for global corporations.

Lower IT Costs with Oracle Database 11g Release 2

White Paper: Visibility and the New Normal of Mobile Work

Taking the Service Desk to the Next Level

Learn about The Information Technology Infrastructure Library.

Top Five CIO Challenges

Streamline IT Costs. Boost Performance with WAN Optimization.

Want to know how you can maximize employee productivity?

Build your 1st app FREE with Force.com

TDWI checklist helps define data readiness for analytics. Download report.

A new fleet of PCs with a total ROI in 10 months. Find your ROI.

eZine: A Roadmap to Reducing IT Complexity

Reduce risk, gain agility. See how Progress can help your business.

 
 
RESOURCE CENTER