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Creating a Vulnerability Management Strategy – Free Guide

Creating a Vulnerability Management Strategy

Often, an exploitation of a vulnerability might lead to a disaster recovery scenario. Therefore, it is imperative to have a system in place that can prevent the vulnerabilities from being exploited in the first place. But how can you prevent a vulnerability from being exploited if you don’t know whether your system is vulnerable? The answer is to have a vulnerability management process in place that can be used to identify vulnerabilities and help you mitigate them.

This article is an excerpt from the book Cybersecurity – Attack and Defense Strategies, Second Edition by Yuri Diogenes and Dr Erdal Ozkaya. This book covers the very latest security threats and defense mechanisms including a detailed overview of Cloud Security Posture Management (CSPM) and an assessment of the current threat landscape. In this article, we’ll look into how to create a vulnerability management strategy.

The optimal approach to creating an effective vulnerability management strategy is to use a vulnerability management life cycle. Just like the attack life cycle, the vulnerability management life cycle schedules all vulnerability mitigation processes in an orderly way. This enables targets and victims of cybersecurity incidents to mitigate the damage that they have incurred or might incur. The right counteractions are scheduled to be performed at the right time to find and address vulnerabilities before attackers can abuse them.

The vulnerability management strategy

The vulnerability management strategy is composed of six distinct phases. This section will discuss each of them in turn and describe what they are meant to protect against. It will also discuss the challenges that are expected to be met at each of those stages.

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Asset inventory

The first stage in the vulnerability management strategy should be the making of an inventory. However, many organizations lack an effective asset register and, therefore, have a hard time when securing their devices. An asset inventory is a tool that security administrators can use to go through the devices an organization has and highlight the ones that need to be covered by security software. In the vulnerability management strategy, an organization should start by giving one employee the responsibility of managing an asset inventory to ensure that all devices are recorded and that the inventory remains up to date.

The asset inventory is also a great tool that network and system admins can use to quickly find and patch devices and systems. Without the inventory, some devices could be left behind when new security software is being patched or installed.

Information management

The second stage in the vulnerability management strategy is controlling how information flows into an organization. The most critical information flow is internet traffic coming from an organization’s network. There has been an increase in the number of worms, viruses and other malware threats that organizations need to guard against. There has also been an increase in the traffic flow both inside and outside of local networks. The increased traffic flow threatens to bring more malware into an organization. Therefore, attention should be paid to this information flow to prevent threats from getting in or out of a network.

Other than the threat of malware, information management is also concerned with the organization’s data. Organizations store different types of data, and some of it must never get into the hands of the wrong people. Information, such as trade secrets and the personal information of customers, could cause irreparable damage if it is accessed by hackers. An organization may lose its reputation, and could also be fined huge sums of money for failing to protect user data. Competing organizations could get secret formulas, prototypes, and business secrets, allowing them to outshine the victim organization. Therefore, information management is vital in the vulnerability management strategy.

In order to achieve effective information management, an organization could deploy a computer security incident response team (CSIRT) to handle any threats to its information storage and transmission.

Said team will not just respond to hacking incidents, but will inform management when there are intrusion attempts to access sensitive information, and recommend the best course of action to take. Apart from this team, an organization could adopt the policy of least privilege when it comes to accessing information. This policy ensures that users are denied access to all information apart from that which is necessary for them to perform their duties. Reducing the number of people accessing sensitive information is a good measure towards reducing the avenues of attack.

Risk assessment

This is the third step in the vulnerability management strategy. Before risks can be mitigated, the security team should do an in-depth analysis of the vulnerabilities that it faces. In an ideal IT environment, the security team would be able to respond to all vulnerabilities, since it would have sufficient resources and time. However, in reality there are a great many limiting factors when it comes to the resources available to mitigate risks. That is why risk assessment is crucial. In this step, an organization has to prioritize some vulnerabilities over others and allocate resources to mitigate against them.

ISO 27001, clause 4.2.1 and ISO 27005 clause 7.4 sets up the main objectives of the selection process of the approach and methodology for risk assessment like in the following figure (Figure 2) ISO recommends to select and define an approach to risk assessment that is aligned with the management of the organization with a methodology which fits the organization.

Figure 2: ISO Risk Assessment Methodology
Figure 2: ISO Risk Assessment Methodology


Vulnerability assessment

Vulnerability assessment closely follows risk assessment in the vulnerability management strategy. This is because the two steps are closely related. Vulnerability assessment involves the identification of vulnerable assets. This phase is conducted through a number of ethical hacking attempts and penetration tests. The servers, printers, workstations, firewalls, routers, and switches on the organizational network are all targeted with these attacks. Technically, penetration testing is the verification of vulnerabilities, putting a likelihood factor behind the exploitability of a vulnerability. Vulnerability assessments only unearth the existence of a vulnerability.

The aim is to simulate a real hacking scenario with the same tools and techniques that a potential attacker might use. The majority of these tools were discussed in the reconnaissance and compromising the system chapters. The goal in this step is not only to identify the vulnerabilities, but also to do so in a fast and accurate manner. The step should yield a comprehensive report of all the vulnerabilities that an organization is exposed to.

The challenges faced in this step are many. The first one to consider should concern what the organization should assess. Without an appropriate asset inventory, an organization will not be able to identify which devices they should focus on. It will also become easy to forget to assess certain hosts, and yet they may be key targets for potential attack. Another challenge has to do with the vulnerability scanners used.

Some scanners provide false assessment reports and guide the organization down the wrong path. Of course, false positives will always exist, but some scanning tools exceed the acceptable percentage and keep on coming up with nonexistent vulnerabilities. These may lead to the wasting of the organization’s resources. Disruptions are another set of challenges that are experienced at this stage. With all the ethical hacking and penetration- testing activities going on, the network, servers, and workstations suffer. Networking equipment such as firewalls also get sluggish, especially when denial of service attacks are being carried out.

Reporting and remediation tracking

After the vulnerability assessment comes to the reporting and remediation stage. This phase has two equally important tasks: reporting and remediation. The task of reporting helps the system admins to understand the organization’s current state of security and the areas in which it is still insecure, and it points these out to the person responsible. Reporting also gives something tangible to the management so that they can associate it with the future direction of the organization. Reporting normally comes before remediation so that all the information compiled in the vulnerability management phase can seamlessly flow to this phase.

Remediation starts the actual process of ending the cycle of vulnerability management. The vulnerability management phase, as was discussed, comes to a premature ending after analyzing the threats and vulnerabilities as well as outlining the acceptable risks.

Remediation compliments this by coming up with solutions to the threats and vulnerabilities identified. All the vulnerable hosts, servers, and networking equipment are tracked down and the necessary steps are established to remove the vulnerabilities as well as protect them from future exploits. It is the most important task in the vulnerability management strategy, and if it is well executed, the vulnerability management is deemed to be a success.

Response planning

Response planning can be thought of as the easiest, but nevertheless a very important, step in the vulnerability management strategy. It is easy because all the hard work will have been done in the previous five steps. It is important because, without its execution, the organization will still be exposed to threats. All that matters in this phase is the speed of execution. Large organizations face major hurdles when it comes to executing it because of a large number of devices that require patches and upgrades.

An incident happened when Microsoft announced the existence of the MS03-023 (Buffer Overrun In HTML Converter Could Allow Code Execution, 11) and released a patch for it. Smaller organizations that have short response plans were able to patch their operating systems with an update shortly after the announcement. However, larger organizations that either lacked or have long response plans for their computers were heavily attacked by hackers.

Hackers released the MS Blaster worm to attack the unpatched operating systems barely 26 days after Microsoft gave a working patch to its users. That was enough time for even big companies to patch their systems in totality. However, the lack of response plans or the use of long response plans caused some to fall victim to the worm.

The worm caused network sluggishness or outage on the computers it infected.

Another famous incident that happened quite recently was that of the WannaCry ransomware. It is the largest ever ransomware attack in history caused by a vulnerability allegedly stolen from the NSA called EternalBlue.

The attack started in May, but Microsoft had released a patch for the EternalBlue vulnerability in March. However, it did not release a patch for older versions of Windows, such as XP. From March until the day the first attack was recognized, there was enough time for companies to patch their systems. However, most companies had not done so by the time the attack started because of poor response planning. If the attack had not been stopped, even more computers would have fallen victim.

This shows just how important speed is when it comes to response planning. Patches are to be installed the moment that they are made available.

This article has discussed the vulnerability management life cycle in terms of the vulnerability management strategy. It has introduced the steps of asset inventory creation, the management of information flow, the assessment of risks, assessment of vulnerabilities, reporting and remediation, and finally the planning of the appropriate responses. To cover the latest security threats and defense strategies for 2020, refer to the book Cybersecurity – Attack and Defense Strategies, Second Edition by Yuri Diogenes and Dr Erdal Ozkaya

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