Insights

CYBERSECURITY RISK ALERT: CISCO WEBEX VULNERABILITY

March 1, 2019

Cisco has identified a vulnerability in its Webex Meetings Desktop App and Webex Productivity Tools. By invoking the update service command with a crafted argument, an authenticated, local attacker could run arbitrary commands with SYSTEM level user privileges. The vulnerability may also be exploited remotely in Active Directory deployments by leveraging operating system remote management tools.

Cisco has released the following software updates to remediate the vulnerability:

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CYBERSECURITY RISK ALERT : Cisco Webex Alert

February 28, 2019

Cisco Webex Cybersecurity Alert: Cisco has identified a vulnerability in its Webex Meetings Desktop App and Webex Productivity Tools. By invoking the update service command with a crafted argument, an authenticated, local attacker could run arbitrary commands with SYSTEM level user privileges. The vulnerability may also be exploited remotely in Active Directory deployments by leveraging operating system remote management tools.

Cisco has released the following software updates to remediate the vulnerability:

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CYBERSECURITY NEWS ALERT: CFTC’s First Ever Examination Priorities

February 26, 2019

On February 12, 2019, the Commodity Futures Trading Commission’s (“CFTC”) released its first ever examination priorities for registrants of the Division of Market Oversight (“DMO”), Division of Swap Dealer & Intermediary Oversight (“DSIO”), and Division of Clearing & Risk (“DCR”). A notable inclusion in the examination priorities is service provider oversight.

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CYBERSECURITY RISK ALERT: Microsoft Internet Explorer Vulnerability

February 13, 2019

Microsoft has recently identified a vulnerability (CVE-2019-0676) within Internet Explorer (“IE”). When IE improperly handles objects in memory, it is possible for an attacker to test for the presence of files on disk. Attackers can exploit this vulnerability by sending the user a link leading to a malicious website, and coercing them to follow the link. This vulnerability affects versions 10 or 11 of IE.

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Cybersecurity News Alert: SEC Infiltration EDGAR System Hack

January 16, 2019

On Tuesday January 15th, the U.S. Securities and Exchange Commission (the “SEC”) announced that it charged nine defendants in an alleged hack of the SEC’s EDGAR system. The hackers allegedly infiltrated the SEC EDGAR system and extracted nonpublic information to use for illegal trading, ultimately profiting $4,135,015 in the process.

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Cybersecurity Vulnerability Alert – Microsoft Windows

January 9, 2019

Microsoft Windows Alert: Microsoft has recently identified a vulnerability in its Windows products. The vulnerability could allow a local attacker to elevate privileges on the targeted Windows-based system. A successful attack would require user-level access and would allow the attacker to execute arbitrary code with escalated privileges and compromise the system entirely.

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Cybersecurity Risk Alert – NFA

January 7, 2019

The National Futures Association (“NFA”) recently amended the NFA Compliance Rules 2-9, 2-36, and 2-49: Information Systems Security Programs. The amendments address three areas originally covered in the 2016 Interpretive Notice and go into effect on April 1, 2019. The amendments are as follows:

  • Cybersecurity Training
    • Previously, the NFA required employee cybersecurity training upon hire and periodically during employment. With the amendments, training will be required upon hire, at least annually, and more frequently if necessary (e.g. if the employee is the subject of a data breach or has displayed poor cybersecurity practices).
    • Amendments also require Member Firms to describe the topics covered during training in their information security policies.
  • Information Systems Security Program (“ISSP”) Approval
    • The NFA has determined that ISSP approval by an “executive level official” of a Member Firm is not uniformly understood. The language has been amended to require ISSP approval by the Member Firm’s “senior level officer with primary responsibility for information security or other senior official who is a listed principal and has the authority to supervise the Member’s execution of its ISSP.”
  • Notice Requirement
    • Currently, Member Firms are not required to notify the NFA of cybersecurity incidents. The amendments will now require Member Firms to notify the NFA of cybersecurity incident, if the incident results in the following:
      • A loss of customer or counterparty funds or loss of a Member Firm’s capital; or
      • Notification of an incident is reported to customers or counterparties pursuant to state or federal law.

For additional information, please visit: https://www.nfa.futures.org/news/newsNotice.asp?ArticleID=5085

Cybersecurity Vulnerability Alert – Cisco

December 27, 2018

Cisco Cybersecurity Alert:

NOTE: This vulnerability affects Cisco ASA Software that is running on any Cisco product that has web management access enabled.

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Cybersecurity News Alert – Microsoft

December 21, 2018

Microsoft Internet Explorer Alert: On Wednesday December 19th, Microsoft released a critical security update for Internet Explorer after receiving a report about a new vulnerability being used in targeted attacks. The browser’s vulnerability could allow an attacker to gain the same user rights as the current user. If that user has administrative rights, the attacker could then take control of an affected system and install programs, change or delete data, or create new accounts.

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Cybersecurity News Alert – U.S. Securities and Exchange Commission (the “SEC”)

December 20, 2018

SEC Cybersecurity News Alert: On Thursday December 20th, the U.S. Securities and Exchange Commission (the “SEC”) released the examination priorities for 2019. The SEC has shifted their examination priorities from years past in an effort to adapt with emerging risks, but cybersecurity continues to remain a top priority for the SEC.

The SEC will be focusing on the following key areas with respect to cybersecurity:

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