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Re: Companies Confront Rising Network Threats
From: InfoSec News <isn () c4i org>
Date: Sun, 29 Jul 2001 04:51:32 -0500 (CDT)

Forwarded by: security curmudgeon <jericho () attrition org>

Forwarded by: C. L. Staten <sysop () emergency com>


By Eva Marer
July 2, 2001

Every morning, Gregor Bailar, executive vice president of operations and
technology and CIO of NASDAQ, pores over the previous day's security
report. "We have hundreds of different types of hacking and other
security attempts in any given week," he says. 

At the moment, Bailar's not so much worried about a breach of NASDAQ's
trading system -- a private network of computers secured behind a tank
embankment wall -- but about the potential damage in dollars and
investor confidence should one of the exchange's public Web sites go

Should? Wonder if he had any comments for when it DID.


Interesting to note that this page has since been 'retired' and asks the
user to choose www.nasdaq.com or www.amex.com.

Name:    nasdaq-amex.com

Name:    nasdaq.com

Name:    amex.com

These machines are all on the same network and could very well be
virtually hosted off a single machine.

Like many senior technologists, Bailar makes decisions about risk
management every day. Unlike most CIOs, however, he's got the backing to
make his decisions stick. Those resources include two dedicated security
teams, a direct pipeline to national security personnel, armed security
guards, and a total budget of $450 million. 

All of these resources didn't stand up to a couple defacers..

Bailar shakes his head at the way companies leave themselves open for
attack. But in a way it's understandable, says Savage. "A lot of


Eva Marer is a freelance reporter based in New York who writes for CIN,
an internet.com site where this story first appeared. She covers
investments, personal finance, and corporate technology issues for a
variety of trade and consumer magazines. 

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