There used to be weeks between the announcement of a zero-day vulnerability and the next exploit. Now we have days or hours to patch the vulnerability, says Carsten Fischer, Deputy Chief Security Officer at Deutsche Bank. Sometimes threat actors are in the machine even as the patch is being tested. With such a small window of reaction time, mitigation must be faster.
Prevention vs. Detection
We can’t prevent every threat, but we don’t always have time to patch detected vulnerabilities before adversaries exploit them. So as zero day vulnerabilities – and exploits in the wild – increase, cybersecurity should prevent as best as possible and use detection until a patch is available and remediation can begin. It helps to share intel and ask colleagues for advice. You may find a control that should be strengthened, a technique that’s working, or that a threat has increased. Regardless, if you share, you're better off than those who don’t.
Threat Intelligence vs. Threat Modeling
Threat intelligence is the sheer information that educates you on the threat landscape and guides you to the problem and its mitigation. Sharing that intel is necessary to defense: colleagues in similar straits may know a component that could speed a mitigation.
Threat modeling is mapping that problem back to you and your controls. A good threat model will indicate where the threat could materialize, the controls along the kill chain, and will connect to KPIs that show where investments should be made. Resilience is a necessary part of threat models – you have to continue operating – but the ideal outcome is reacting so quickly that you're not really impacted.
No Time for a Dress Rehearsal
We must be more proactive. Automate, connect platforms, and use prevention and detection controls. They can kick in while patches are being developed. But remember, people build threat models by connecting the dots in the threat landscape. The more that people connect with each other, the more dots they can connect in the threat model.
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Carsten Fischer is the Deputy Group Chief Security Officer for Deutsche Bank and leads its Chief Security Office (CSO). Additionally, he is the Germany regional lead for the bank’s Technology, Data and...
Read MoreInnovation (TDI) division. He is based in Eschborn, Germany. Previously, Carsten served as the Interim Chief Security Officer for Deutsche Bank for the majority of 2020. Carsten became Head of Information Security Operations for CSO in November 2017. He also served as Interim Head of Information Security Chief Technology Office in 2017. Carsten joined Deutsche Bank in 1998 as an apprentice and worked in various IT roles, supporting the Corporate Center and Group Finance, until 2004. He later held several Chief Operating Officer (COO) related roles until to 2011. From 2011 through to 2013, Carsten was Head of Risk and Control for Global Technology, and as such was responsible for all aspects of IT Risk Management and Operational Risk Management for Global Technology, including information security risk. Carsten became the COO and Head of Strategy & Governance in the newly formed Chief Information Security Office (CISO) in late 2013 and performed this function until February 2016. In this role, he was responsible for the Chief Administration Office Function, Governance, Strategy and Central Services (including Security Training and Awareness). Between 2016 and 2017 Carsten was Regional Head of Information & Resilience Risk Management (IRRM) for Continental Europe and Global Head of Information Security Risk (ISR) in the Chief Risk Office. Carsten holds a bachelor’s degree in economic mathematics from the Technical University in Kaiserslautern. He is a member of the board of directors for FS-ISAC Europe.
Elizabeth is a storyteller at the intersection of technology and money. Layer in geopolitics and the criminal underworld and you get today's issues in cybersecurity for the global financial system. Crypto. Web...
Read More3.0. Quantum. AI. Ransomware. Privacy. Regulation. Zero-days. Supply chain attacks. Developing new and diverse talent. How to protect the future of money. These are the topics Elizabeth asks top executives and experts in the field about on FinCyber Today.
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