http://www.fcw.com/article88406-03-25-05-Web
By David Perera
March 25, 2005
Computer networks at the Securities and Exchange Commission remain
vulnerable to hacking, a Government Accountability Office report
finds.
Data at risk includes regulatory information, SEC financial
transactions and internal payroll and personnel information, the
report states.
Security is getting more attention these days because of high-profile
cases involving Bank of America, information gatherers ChoicePoint and
LexisNexis, where unauthorized people were able to access personal
data.
During the period of GAO's review, from April though November 2004,
the commission's network intrusion-detection system was not fully
implemented and "there was no capability to target unusual or
suspicious network events for review as they occurred," the report
states.
Network services and devices were vulnerable, outdated, and/or
misconfigured, the report also states.
During one examination of SEC security controls, GAO auditors found an
internal SEC network-connected computer located inside a public area.
Some former employees also retained network access, including one
former employee who could still log onto SEC systems for eight months
after departing the commission.
The congressional watchdog also found that some SEC network users
could bypass security and audit controls altogether.
A key reason for the commission's security weaknesses is its lack of a
comprehensive information security program, the report states.
Although the agency has established a central security group and
appointed a senior information security officer, SEC officials have
yet to complete a comprehensive risk assessment and develop adequate
policies, the report states.
Each year, the SEC processes more than 600,000 financial documents and
collects more than $1 billion in filing fees, penalties and
disgorgements in fulfilling its mission to oversee U.S. security
markets.
GAO auditors are not alone in noting SEC security weaknesses; a fiscal
2004 SEC inspector general audit found the commission substantially
out of compliance with the Federal Information Security Management Act
of 2002.
SEC officials said the commission recognizes the need to further its
existing programs and will complete the corrective actions identified
by GAO auditors by June 2006. Significant progress is already
underway, adds the official commission response to the GAO findings.
_________________________________________
Network Security -http://www.auditmypc.com
Free vulnerability test - How secure is your computer?
