Cybersecurity for Construction & Real Estate...ISO/IEC 27001: 2013 Established by: The International...
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Cybersecurity for Construction & Real Estate Presented by: Carly Devlin and Thomas Groenke Moderated by: Teresa Cushman
Transcript of Cybersecurity for Construction & Real Estate...ISO/IEC 27001: 2013 Established by: The International...
Cybersecurity for Construction & Real
Estate
Presented by:
Carly Devlin and Thomas Groenke
Moderated by:
Teresa Cushman
TODAY’S PRESENTERS
Carly DevlinManaging Director, Columbus Office
Clark Schaefer Consulting
Thomas GroenkeManager, Construction & Real Estate
Clark Schaefer Hackett
Cybersecurity for Construction & Real Estate
Presented by:Carly Devlin and Thomas Groenke
Moderated by:Teresa Cushman
AGENDA
• Understanding Cyber Risk
• Cyber Threats
• Case Studies
• Managing Cyber Risk
• Cybersecurity Tools
• Questions
UNDERSTANDINGCYBER RISK
What is Cyber Risk
▪ Failure to mitigate this risk may cause:
- Disruption of systems/business processes
- Loss of confidential data
- Financial loss
- Fraudulent reporting and metrics
- Damage to reputation
Any risk of financial loss, disruption, or damage to the reputation of an organization from a failure of its information technology systems.
Source: The Institute of Risk Management
Cybersecurity Industry Facts
Cyber Crime Damage:
$6 trillion annually by 2021
Cybersecurity Spending:
Will exceed $124 billion in 2019
Unfilled Cybersecurity
Jobs:
3.5 million by 2021
Human Attack Surface:
6 billion people by 2022
Global Ransomware
Damage Costs:
Will reach $11.5 billion in 2019
Source: CSO
Cybersecurity Definitions
Threat:
Circumstance or event with the
potential to adversely impact
organizational operations,
organizational assets, and/or
individuals, through an information
system via unauthorized access,
destruction, disclosure,
modification of information, and/or
denial of service.
Threat Actors Actor Motives
National Governments Cyber warfare/espionage
Terrorist Groups Spread terror
Organized Crime Financial gain
Hacktivists Political agenda
Hackers Notoriety/financial gain
Insider Threats Revenge/financial gain
CYBER THREATS
Security Incident Survey
2018 Verizon Data
Breach Report:
Construction & Real
Estate
Our Clients: Most Common Cyber Threats
Phishing
Ransomware
Human Error
Software Vulnerabilities
Internet of Things (IoT)
Threat Horizon and Industry Outlook
▪ Social engineering attacks (phishing) will continue to be a matter of concern for the construction and real estate industries
▪ Ransomware continues to be a rising concern for the construction and real estate industries
▪ The rise of the Internet of Things (IoT) will continue to bring the threat of cyber attacks
CASE STUDIES
Attack #1 – BNP Paribas (Real Estate Subsidiary)
Attack Victim BNP Paribas
Attack Date June 2017
Description BNP Paribas’ real estate unit took a hit from a global cyber attack that disrupted the computers of companies around the world (malware).
Attack #2 – All-Ways Excavating USA
Attack Victim All-Ways Excavating USA
Attack Date January 2019
Description 15-person construction contractor in Salem, Oregon fell victim to a cyber attack that was most likely carried out by a foreign government.
Attack #3 – DC-Area Real Estate Company
Attack Victim DC-Area Real Estate Company
Attack Date Within the last couple years
Description Cybercriminals stole client contact information from a DC-area real estate company, then created a phishing scam, which resulted in $1.5 million being stolen in a wire fraud scheme from a couple about to close on a home.
Attack #4 – Target
Attack Victim Target
Attack Date 2013
Description Hackers gained access to the network credentials that a small HVAC contractor used to remotely access Target’s network, resulting in the breach of credit and debit card information for tens of millions of customers in the U.S.
MANAGING CYBER RISK
Managing Cyber Risk
Mitigation vs. Elimination of Risk
2018 SEC OCIE Examination Priorities
▪ 2018 Examination Priorities – The SEC’s Office of Compliance Inspections and
Examinations (OCIE) has prioritized cybersecurity.
▪ Compared to 2017, the OCIE has extended the scope of its examination to include:
▪ As a result, the OCIE examiners could potentially request related documents,
particularly ownership of third-party risks as it relates to tenants and vendors.
Governance and Risk
Assessment
Access Rights and Controls
Data Loss Prevention
Vendor Management
TrainingIncident
Response
Use of a Security Framework
A series of documented processes that are used to define policies and procedures
around the implementation and ongoing management of information security controls
in an enterprise environment.
Security Frameworks
ISO
NIST
ISO/IEC 27001: 2013
▪ Established by:
The International Organization for Standardization (ISO) and the International
Electrotechnical Commission (IEC)
▪ Designed to:
Provide requirements for an information security management system (ISMS)
▪ Overview:
Specifies the requirements for establishing, implementing, maintaining, and continually
improving an information security management system within the context of an
organization. It also includes requirements for the assessment and treatment of
information security risks tailored to the needs of the organization. The requirements are
intended to be applicable to all organizations, regardless of type, size, or nature.
NIST Cybersecurity Framework
▪ Established by:
The National Institute of Standards and Technology (NIST)
▪ Designed to:
Be a U.S. government-ordered, cybersecurity framework
▪ Overview:
A structure for the nation’s financial, energy, healthcare, and other critical systems to
better protect their information and physical assets from cyber attack. NIST provides a
common language with which to address and manage cyber risk in a cost-effective way
based on business needs, without additional regulatory requirements.
NIST Cybersecurity Framework (CSF)
▪ Three Parts:
– Framework Core
– Framework Implementation Tiers
– Framework Profiles
Allows organizations to:
▪ Describe current cybersecurity posture
▪ Describe target state for cybersecurity
▪ Identify and prioritize opportunities for improvement
▪ Assess progress towards target state
▪ Communicate using common language among internal and external
stakeholders about cybersecurity risk
CSF Core
CSF Core
CSF Tiers/Profiles
▪ Tiers
–Tier 1: Partial
–Tier 2: Risk Informed
–Tier 3: Repeatable
–Tier 4: Adaptive
▪ Profiles
–Current profile (“as is”)
–Target profile (“to be”)
CSF – Applying the Framework
1. Prioritize & scope
2. Orient
3. Create a current profile
4. Conduct a risk assessment
5. Create a target profile
6. Determine, analyze &
prioritize gaps
7. Implement action plans
Rep
eata
ble
CSF – Benefits and Challenges
▪ Benefits:
–Voluntary
–Expose new risks
–Sharing, collaboration
–Layered approach
▪ Challenges:
–Not “set it and forget it”
–Requires “buy-in”
–Communicating risks
–Large, complex organizations
–Lack of quantifiable metrics
OTHER CYBERSECURITY TOOLS
NIST 800-53
▪ Security and Privacy Controls for Federal Information Systems
and Organizations
▪ 18 security areas
–Management/enterprise
–Operational
–Technical
▪ 8 privacy areas
NIST 800-53: Example Control
NIST 800-53: Benefits and Challenges
▪ Benefits:
–Comprehensive
–Supplemental guidance useful
–Baselines allow risk-based approach
–Supported by 53A, allowing for corresponding assessment
–Cross references throughout and to other NIST SPs
▪ Challenges:
–Comprehensive! (Complex)
–Focus on Federal systems
• Private entities? State/Local government?
–Focus on information systems
• IoT devices, industrial control systems, weapons systems
NIST 800-61: Computer Security Incident Handling Guide
▪ Organizing a Computer Security Incident Response Capability
-Understanding Events and Incidents
-Incident Response Policy, Plan, Procedures
-Incident Response Team Structure
▪ Handling an Incident
-Preparation
-Detection and Analysis
-Containment, Eradication and Recovery
-Post-Incident Activity
NIST 800-61: Benefits and Challenges
▪ Benefits:
-Easy to understand for detection, analyzing, prioritizing, handling
incidents
-Provides checklists, scenarios, examples, recommendations
▪ Challenges:
-Less focus on establishing incident response program
-Doesn’t provide specific template for Incident Response Policy or
Plan
1800 Series: Cybersecurity Practice Guides
SP 1800-1 July 2015 Securing Electronic Health Records on Mobile Devices
SP 1800-2 August 2015 Identity and Access Management for Electric Utilities
SP 1800-3 September 2015 Attribute Based Access Control
SP 1800-4 November 2015 Mobile Device Security: Cloud and Hybrid Builds
SP 1800-5 October 2015 IT Asset Management: Financial Services
SP 1800-6 November 2016 Domain Name Systems-Based Electronic Mail Security
SP 1800-7 February 2017 Situational Awareness for Electric Utilities
SP 1800-8 May 2017 Securing Wireless Infusion Pumps in Healthcare Delivery Organizations
SP 1800-9 August 2017 Access Rights Management for the Financial Services Sector
SP 1800-10 Not yet released Identity and Access Management
SP 1800-11 September 2017 Data Integrity: Recovering from Ransomware and Other Destructive Events
SP 1800-12 September 2017 Derived Personal Identity Verification (PIV) Credentials
Questions?
Carly DevlinManaging Director
Thomas GroenkeManager, Construction & Real Estate
Thank you!
Carly DevlinManaging Director
Thomas GroenkeManager, Construction & Real Estate
