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Facebook is struggling to meet the burden of securing itself, security chief says

Facebook Is Struggling To Meet The Burden Of Securing Itself, Security Chief Says

Facebook is Struggling to live up to the responsibility it faces for adequately securing the vast amount of personal information it amasses, the social network’s top security executive said in a leaked phone call with company employees.

“The threats that we are facing have increased significantly and the quality of the adversaries that we are facing,” Facebook Chief Security Officer Alex Stamos said during a taped call, which was reported Thursday by ZDNet1. “Both technically and from a cultural perspective, I don’t feel like we have caught up with our responsibility.”

He continued:

The way that I explain to management is that we have the threat profile of a Northrop Grumman or a Raytheon or another defense contractor, but we run our corporate network, for example, like a college campus, almost . We have made intentional decisions to give access to data and systems to engineers to make them “move fast,” but that creates other issues for us. Stamos also discussed a report on the state of Facebook’s security posture and described it as a “very painful process.” He said the report will be updated every six months and that the company’s management team will be briefed on its contents. Stamos told ZDNet reporter Zack Whittaker2 he used the words “college campus” as a figure of speech several times during an internal discussion to describe challenges that the company faces. “My team runs network security for the company, and of course we secure it thoroughly,” Stamos said . The leaked comments were made during an internal talk with employees discussing the challenges Facebook had protecting its networks from the growing threat of nation-sponsored hackers.

In 2014, Russian intelligence agents orchestrated a hack on Yahoo that compromised 500 million user accounts, federal prosecutors have alleged3 . Google said in 2010 that it was on the receiving end of a highly targeted attack by Chinese hackers that was aimed at accessing the Gmail accounts of activists and stealing the company’s intellectual property . Researchers have presented evidence strongly suggesting that dozens of other breaches on defense contractors, security companies, and others have also been carried out by state-sponsored attackers.

In a series of tweets Thursday4, Stamos said a basic challenge Facebook and similar companies face stems from the freedom they give engineers to customize their environments and experiment with new tools and development processes.

“As a result, we can’t architect our security the same way a defense contractor can, with limited computing options and no freedom,” Stamos wrote. “Keeping the company secure while allowing the culture to blossom is a challenge, but a motivating one, I’m happy to accept .

The ‘college campus’ wording is just a figure of speech to make the point.”

The headline and first sentence of this post were updated in an attempt to better paraphrase Stamos’s comment “Both technically and from a cultural perspective, I don’t feel like we have caught up with our responsibility.”

This post originated on Ars Technica5

References

  1. ^ reported Thursday by ZDNet (www.zdnet.com)
  2. ^ Zack Whittaker (twitter.com)
  3. ^ federal prosecutors have alleged (arstechnica.com)
  4. ^ series of tweets Thursday (twitter.com)
  5. ^ Ars Technica (arstechnica.com)

IBM’s revenue beats estimates on cloud, security services

(Reuters) – International Business Machines Corp s (IBM.N1) shift to newer businesses such as cloud and security services helped it beat Wall Street s quarterly revenue estimates, and the company said its latest mainframe is getting enthusiastic adoption .

The company s shares rose nearly 5 percent to $152.80 (115.92 pounds)in extended trading on Tuesday.

Revenue in the company s mainframe business jumped 60 percent in the third quarter, Chief Financial Officer Martin Schroeter told Reuters, adding that the business benefited from the newly launched Z14.

The company began shipping the new systems toward the end of September.

System Z uptake topped our expectations, and likely helped support gross profit, said Josh Olson, an analyst with Edward Jones.

Under Chief Executive Ginni Rometty, IBM has in recent years shifted focus to growth areas across its businesses, such as cloud, cybersecurity and data analytics, to counter a slowdown in its legacy hardware and software businesses.

Revenue from these businesses, which IBM calls its strategic imperatives , climbed 11 percent to $8.8 billion in the third quarter ended Sept .

30.

Total revenue fell 0.4 percent to $19.15 billion from a year earlier, marking the smallest quarterly drop since the third quarter of 2016.

IBM s revenue declined for the 22nd quarter in a row as the company continues to exit some legacy businesses, while bolstering its strategic imperatives .

Analysts on average had expected revenue of $18.60 billion, according to Thomson Reuters I/B/E/S.

The company s net income fell to $2.73 billion, or $2.92 per share, in the third quarter, from $2.85 billion, or $2.98 per share, a year earlier.

Excluding one-time items, IBM earned $3.30 per share, beating analysts estimates of $3.28.

Reporting by Pushkala A and Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila

References

  1. ^ IBM.N (uk.reuters.com)

Security officer in alleged assault at Woodside HS placed on administrative leave

The student’s mother is in the process of filing a police report and could be suing as well.

I was angry . I felt like I was having an out-of-body experience, and I was livid, said Stephanie Smith. Smith has seen multiple videos of her son, Eric, being held down by the officer outside Woodside High School Friday.

He slammed my son on the sidewalk . Eric was telling him to, Get off of me, then he put his arms around him choking him . He is screaming and crying at the same time . I cannot breathe, I cannot breathe.’ Eric Miller, who is in 11th grade, said class had just let out and he was heading for the school bus when the officer approached him. I kept walking and he was like, No, come here, and I m like, I m not trying to miss my bus .

I m trying to get on my bus, and so then he grabbed me, said Miller. Fellow student Jacob Crosby was one of dozens who witnessed the altercation. The officer at the school took him to the ground and put him in a chokehold, and the boy couldn t breathe, said Crosby.

And I started yelling, I couldn t breathe, but he squeezed tighter as I was yelling, said Miller. Crosby s dad doesn t even know Eric, but said what he does know is what he saw on camera isn t right.
Because I know my kids are at that school, and what if that happened to one of them, said John Crosby. Miller, who suffered bruises to his neck and arms, was eventually allowed to go without any explanation from the school . He said he s worried about returning on Monday. He should be there to protect kids, not hurt them, said Miller. He needs to be fired, added his mother. Smith said she is still waiting for an explanation from the school as to what led to all this in the first place.

This needs to be addressed, because my son was assaulted by officers that are employed by Newport News Public Schools, and I m not going to let that slide, said Smith.

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