Tandon in the News

Cyber-Hackers: Faster, Better Equipped Than You


Clancy is intimately familiar with the in’s and out’s of cyber hacking attacks. As managing director and Corporate Information Security Officer at the Depository Trust and Clearing Corporation (DTCC), Clancy’s job is to pay attention to how crooks use virtual highways to steal data and assets and stay a step ahead. Today that means much more than loading up some anti-virus software and patching an operating system.

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Yet before tossing out anti-virus software as insufficient, reps should note that malware mass software programs designed to hit operating systems without any target in mind were still behind 49 percent of breaches in 2010, according to Verizon. In other words? An attack can come from anywhere.

“I actually heard a conference speaker say there’s no shame in being attacked,” says Bayuk. “And very good companies have been attacked. However from a security professional’s standpoint, there is shame if the attack is from something that has been known for 10 years, such as malware.” Dan Guido couldn’t agree more. As a security consultant based in New York with iSEC Partners, and a teacher at the Polytechnic Institute of New York University, where he teaches information security students how to break into computers, Guido believes that targeted or advanced persistent threats, (APT) are growing but that malware still affects the largest number of people.

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