UncategorizedMajor Insurance Companies in Europe Discover That Their Applications Have Security Issues

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July 12, 2021 Pravin Madhani, CEO and Co-Founder
Major Insurance Companies in Europe Discover That Their Applications Have Security Issues

A new article in TechTimes is highlighting the results of a study on the web application security for Insurers in Europe.  The study found that the web applications of major insurance companies in Europe contain security weaknesses.  The study looked at the web applications of Europe’s top 10 insurance providers, and every company examined had some degree of security vulnerability.

The report found that the top European insurers run over 7,600 internet-exposed web applications with more than 1,920 domains. The report also found that around 1 in 4 of the web applications were used old components that contained already-known vulnerabilities that are easy to exploit.

In addition, the report also found other security and compliance issues that revolve around cookie consent, basic SSL, and even privacy policy defects.  These security lapses are a major concern because web applications remain the largest source of data breach according to sources like the Verizon Breach Incident Report and Forrester’s State of Application Security.

The fact that breaches continue to occur and are causing more damage than ever, should be a good signal that what organizations have done in the past to secure their applications isn’t good enough, and that we really need to take a fresh look at how we secure applications that live in the cloud, especially ones that have known vulnerabilities that continue to be unaddressed.

This is where RASP (Runtime Application Self-Protection) really shines as a security solution.  A RASP solution like the one from K2 Cyber Security is based on a revolutionary approach. K2’s RASP solution, K2 Security Platform is the first to truly detect zero day exploits as well as attacks on known vulnerabilities.  Rather than rely on technologies like signatures, heuristics, fuzzy logic, machine learning or Artificial Intelligence, the K2 Security Platform uses a deterministic approach to detect true zero-day attacks. Traditional security approaches are limited to detecting attacks based on prior attack knowledge or require weeks or months to learn behavior.   K2’s Security Platform can detect new zero day attacks within seconds of application startup.

K2’s Security Platform’s deterministic security is based on a unique, patent-pending technology called Optimized Control Flow Integrity (OCFI).   OCFI uses application execution validation as the primary source of attack detection.  K2 maps the application as it is running in memory and verifies the function calls and API calls within the application are executing the way the code is written and intended. There is no use of any prior attack knowledge, and no use of signatures, patterns, or behavioral rulesets. K2’s unique approach has virtually zero false alerts, due to the ability to validate the execution of the code, providing proof of exploitability, and can help dramatically reduce security costs.

K2’s Security Platform issues alerts based on severity of the vulnerability and includes actionable alerts that provide complete visibility to the attacks and vulnerabilities.  By providing the location of the vulnerability within the application, as well as details like file name and line of code where the vulnerability exists, security organizations can quickly address the vulnerability and remediate the problem.

K2’s Platform is easy to install and can be deployed in the cloud, on premise or in hybrid environments, making it ideal for any CI/CD environment.

Take a Page from NIST to Improve Application Security

Don’t just take our word for it, the National Institute of Standards and Technology (NIST), just finalized their Security and Privacy Framework, SP800-53 and released on September 23, 2020.  The new security and privacy framework standard now requires Runtime Application Self-Protection (RASP) and Interactive Application Security Testing (IAST) as added layers of security in the framework.  It’s a first in recognizing these two advancements in application security by now requiring them as part of the security framework.

In addition to using K2’s RASP to protect a production CI/CD environment, we’ve also written previously written about adding a RASP agent to DAST testing to get IAST results from security testing.  Our RASP solution sits on same server as the application, and provides continuous security for the application during runtime for CI/CD environments. By running on same server as the application, RASP solutions provide continuous security for the application, even when it’s under DAST testing.  For example, as mentioned earlier, a RASP solution has complete visibility into the application, so a RASP solution can analyze an application’s execution to validate the execution of the code, and can understand the context of the application’s interactions, giving RASP the ability to provide details like line of code visibility, proof exploitability, and a full payload to replicate an exploit.

IAST is the other new recommendation for application security coming from the NIST revised draft, and if you haven’t heard of IAST, there’s a good definition available from Optiv

“IAST is an emerging application security testing approach which combines elements of both of its more established siblings in SAST (Static Application Security Testing) and DAST (Dynamic Application Security Testing).  IAST instruments the application binary which can enable both DAST-like confirmation of exploit success and SAST-like coverage of the application code. In some cases, IAST allows security testing as part of general application testing process which provides significant benefits to DevOps approaches. IAST holds the potential to drive tests with fewer false positives/negatives and higher speed than SAST and DAST.”

With these two new requirements (RASP and IAST) for application security being added to the NIST framework, it’s really time to rethink how your organization is doing application security and get security that works for a CI/CD environment.

We’ve also recently published a video, The Need for Deterministic Security.  The video explains why the technologies used in today’s security tools, including web application firewalls (WAFs) fail to prevent zero day attacks and how deterministic security fills the need for detecting zero day attacks.  The video covers why technologies like artificial intelligence, machine learning, heuristics, fuzzy logic, pattern and signature matching fail to detect true zero day attacks, giving very specific examples of attacks where these technologies work, and where  they fail to detect an attack.

The video also explains why deterministic security works against true zero day attacks and how K2 uses deterministic security.  Watch the video now.

Change how you protect your applications, include RASP and check out K2’s application workload security.

Find out more about K2 today by requesting a demo, or get your free trial.

 

 

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K2 CYBER SECURITY

K2 Cyber Security delivers the Next Generation Application Workload Protection Platform to secure web applications and container workloads against sophisticated attacks including OWASP Top 10 and memory-based attacks, and provides additional vulnerability detection. K2’s Platform is deployed on production servers for runtime protection of applications and on pen-testing/pre-production servers to identify the location of the vulnerable code in real-time. K2’s solution generates almost no false alerts, eliminates breaches due to zero-day attacks, detects attacks missed by traditional security tools including Web Application Firewalls, and dramatically reduces security cost. K2 Cyber Security is located in the USA, and provides cyber security solutions globally.

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