http://www.cnbc.com/id/102067495



The one cybersecurity threat everyone misses

Kate Kelly <http://www.cnbc.com/id/37062546>

Tuesday, 7 Oct 2014



Companies must be increasingly watchful of security failings at their
smaller-sized vendors, a point of particular focus for cyberattacks, senior
executives at the Fortune Most Powerful Women conference said Tuesday.

"More and more as the large companies put their defenses in place, the
adversaries are going toward their suppliers," said Sondra Barbour, *Lockheed
Martin* <http://data.cnbc.com/quotes/LMT>'s head of information systems.
"We really need to pay attention to this."

After a spate of high-profile cybersecurity breaches at major companies
like *Target* <http://data.cnbc.com/quotes/TGT> and, more recently, *Home
Depot* <http://data.cnbc.com/quotes/HD> and *JPMorgan Chase*
<http://data.cnbc.com/quotes/JPM>, the biggest players for the most part
have strong protections to wall off their proprietary information, Barbour
and others said. But smaller vendors who can't afford expensive security
measures—and yet have links to some of their larger client's sensitive
data—are now in the crosshairs of sophisticated hackers.

"They're scanning thousands of businesses every single hour," said Denise
Wood, chief information officer for *FedEx*
<http://data.cnbc.com/quotes/FDX>. "They get into Fazio Bros. Air
Conditioner Repair," she said, "and then they're in your network."

<p>Tracking hackers in real time</p> <p>Insight to technology which can
track hackers in real time, with Stephen Purpura, Context Relevant CEO, and
former U.S. National Coordinator for Security, Richard Clarke of Context
Product Security. </p>

"There's a vibrant black market for all these vulnerabilities," Wood said.

*Read More**Hackers tried breaching JPM, others*
<http://www.cnbc.com/id/102065370>

Barbour, Wood and Jamie Miller, chief information officer of *General
Electric* <http://data.cnbc.com/quotes/GE>, talked about their own policies
of creating more and more elaborate cyberattack scenarios and running fire
drills to problem-solve and communicate in case of a future hack.

The lack of emphasis on such practice sessions was one of the problems that
Target faced last year, Wood said.

"They didn't include cyberattack in their crisis-response plans, and I
think it's a common oversight," she said. Fedex, is taking note, she added,
"We already had cyber in there, we're just drilling it much more." Target
officials did not respond to a request for comment.

*Read More**Hackers' attack struck systems at 10 companies*
<http://www.cnbc.com/id/102059105>

The executives also reflected on the problem of insider cybersecurity
issues at a time when the disclosures made by *Edward Snowden*
<http://www.cnbc.com/id/100822032>, a former Booz Allen Hamilton contractor
who exposed U.S. government secrets to which he had access as a consultant,
is top of mind.

"A trusted insider can be just as damaging, or worse," Miller said.




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