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Wednesday, May 16, 2007

How Banks Could Help Minimize Phishing

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=== CONTENTS ===================================================

IN FOCUS: How Banks Could Help Minimize Phishing

NEWS AND FEATURES
- Strange Twist of Logic: Use Our Technology or Else!
- Microsoft Retires MBSA 1.2, Suggests Shavlik Tools for Legacy
Support
- Recent Security Vulnerabilities

GIVE AND TAKE
- Security Matters Blog: Windows Server 2003 Needs at Least One
Service Pack
- FAQ: View File Ownership in PowerShell
- Product Evaluations from the Real World
- Share Your Security Tips

PRODUCTS
- Memory Stick Security

RESOURCES AND EVENTS

FEATURED WHITE PAPER

ANNOUNCEMENTS


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=== IN FOCUS: How Banks Could Help Minimize Phishing ===========
by Mark Joseph Edwards, News Editor, mark at ntsecurity / net

One of the fastest growing and biggest problems in the security world
today is phishing. Criminals who yearn to take advantage of the trend
are swarming like mosquitoes on a warm and muggy summer evening--and
they need to be swatted out of existence, fast.

Today it's easy for a crook to set up a Web site with nearly any domain
name they want. They take advantage of the situation by registering
domains very similar to legitimate commercial domains. Banks and their
customers are the biggest targets. In fact, data from the Anti-Phishing
Working Group shows that since May 2006, 20,000 new phishing scams have
been reported every month. The data also shows that the overwhelming
majority of those scams targeted customers of various financial
institutions.

Phishing scams fool so many people that a mega-million-dollar
antiphishing industry has popped up to produce products and services to
help protect people. The tools provide decent proactive defense, but
they aren't foolproof, and many people don't use them.

Is there another way to help protect the public against the bank
phishing plague? Recently, F-Secure's Mikko Hypponen wrote a brief
article for "Foreign Policy" magazine (at the URL below) that proposes
an idea that's so obvious I find it really difficult to figure out why
no one has acted on it before.

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The idea was originally sent to him by a reader of F-Secure's blog back
in October 2006 (see the URL below). The idea is simple: The Internet
Corporation for Assigned Names and Numbers (ICANN) could establish a
new top-level domain (TLD) called something like .bank and allow only
legitimate, verified financial institutions to register a name in that
level.

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Hypponen expands on the idea by suggesting that as an added precaution
against scammers--who would undoubtedly attempt to falsify information
in an effort to register a name in that TLD--banks and other financial
institutions could be charged a hefty fee for new registrations.
Hypponen suggests something like $50,000 per domain.

I think that other requirements centered around verification of
credentials could be put in place too; these could be kept secret from
the public so that scammers aren't sure exactly what they are.

If a .bank TLD were available and had enough publicity, people would
quickly become aware that their financial institutions should be using
this TLD and could avoid bank Web sites that didn't use it. This would
help put a serious damper on phishing scams.

Of course, a .bank TLD wouldn't stop phishing entirely. Several
techniques could still be used to fool or take advantage of
unsuspecting bank customers; for example, DNS poisoning, man-in-the-
middle attacks, cross-site scripting, browser-based URL spoofing, and
Trojan horses and keyloggers. So security tools and user education
would still be important. Nevertheless, a new TLD would help.

As for creating the TLD, if I understand correctly, it's not up to
ICANN to start the process. Instead, some independent entity must
request its creation. So, for example, banks (and other financial
institutions) could unite towards that effort, establish an entity that
would handle applications for domain name registration requests (and
the related services), and formally petition ICANN to create the new
TLD. ICANN would then review the proposal and decide whether to proceed
with delegating the new TLD to the DNS root zone.

I hope this happens. It seems like an idea whose time has come and an
easy way for banks to help secure their customer interactions.

===

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=== SECURITY NEWS AND FEATURES =================================

Strange Twist of Logic: Use Our Technology or Else!
The Digital Millennium Copyright Act (DMCA) has been used against
countless numbers of individuals and companies, forcing them to stop
infringing on intellectual property rights. Now, in a strange twist of
logic, the DMCA is being wielded as a club in an attempt to force the
use of intellectual property.

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Microsoft Retires MBSA 1.2, Suggests Shavlik Tools for Legacy Support
Microsoft ended support for its Baseline Security Analyzer and
recommends that customers who need to scan legacy products use Shavlik
NetChk Limited, which produces output that can be opened and read by
MBSA 2.0.1.

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Recent Security Vulnerabilities
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=== GIVE AND TAKE ==============================================

SECURITY MATTERS BLOG: Windows Server 2003 Needs at Least One Service
Pack
by Mark Joseph Edwards, http://list.windowsitpro.com/t?ctl=565FC:4160B336D0B60CB112AF8E9287889EFB

If you're running Windows Server 2003 without at least SP1, you can no
longer install security updates.

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FAQ: View File Ownership in PowerShell
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Q: How can I view the owner for a file from PowerShell?

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=== PRODUCTS ===================================================
by Renee Munshi, products@windowsitpro.com

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(SDC), a USB flash memory device that generates one-time passwords
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=== RESOURCES AND EVENTS =======================================
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