Setting the Web Application Security Agenda for 2009: OWASP Invites You to Join Our Summit in Portugal

http://www.owasp.org/index.php/OWASP_EU_Summit_2008

With the theme ‘Setting the AppSec agenda for 2009′, the OWASP Summit will be a worldwide gathering of OWASP leaders and key industry players to present and discuss the latest OWASP tools, documentation projects, and web application security trends. Join us in Portugal in just a few short weeks! This venue hosts a diverse selection of training courses along with technical and business tracks, making it THE place to learn about web application security and the resources OWASP has available for use today.

OWASP is a not-for-profit organization with the purpose of supporting the Web Application Security community around the world, and has granted $250,000 USD for web application security research. In addition to over 40 presentations from the OWASP Leaders and grant recipients, the OWASP Summit will host multiple Working Sessions designed to improve collaboration, achieve specific objectives and identify roadmaps for OWASP projects, chapters, and the OWASP community itself.

To facilitate this event, OWASP is investing $150,000 USD which will be used to cover air travel and accommodation expenses for OWASP leaders, active contributors, and select key industry leaders. With their confirmed presence, the OWASP Summit will provide a relaxed but professional environment to meet, discuss, influence and contribute to OWASP projects.

There are still funds available! If you are interested in attending and you meet the profile of the current OWASP supported attendees (see list here: http://spreadsheets.google.com/pub?key=pAX6n7m2zaTVLrPtR07riBA) contact Paulo Coimbra (paulo.coimbra@owasp.org). Please note that you should do so only if you meet the paid attendance criteria (see herehttps://www.owasp.org/index.php/OWASP_EU_Summit_2008_paid_participation_rules) and are unable to get corporate support to attend this event (for other corporate sponsorship opportunities see http://www.owasp.org/index.php/OWASP_EU_Summit_2008_Sponsors).

The OWASP Summit will also host a large and diverse selection of training courses, covering multiple OWASP specific and Web Application Security Topics.

The remarkable impact of OWASP is made possible only by the collaboration of many dedicated people and organizations worldwide. In that spirit of cooperation, OWASP invites all its members (who have 20% discount + 1 VIP Ticket) and interested individuals and companies to attend this thrilling event. Please join us and help to set the Web Application Security Agenda for 2009!

Please see below for additional details about the OWASP Summit or visit the OWASP Summit website: http://www.owasp.org/index.php/OWASP_EU_Summit_2008.

Projects

OWASP projects selected for Summit presentation include new documentation and innovative tools to help developers, architects, and security specialists ensure that applications are secure:

• Application Security Verification Standard,
• Code review guide, V1.1,
• Ruby on Rails Security Guide v2,
• Securing WebGoat using ModSecurity,
• Testing Guide v3,
• GTK+ GUI for w3af project,
• Access Control Rules Tester,
• AntiSamy .NET,
• Live CD & DVD Project,
• OpenPGP Extensions for HTTP,
• Orizon Project,
• Python Static Analysis,
• WebScarab-NG,
• And many, many others.

Working Sessions

Expecting the presence of the application security industry key players, the Working Sessions will cover a wide range of issues such as:

• OWASP Top 10 2009,
• Browser Security,
• Web Application Framework Security,
• Enterprise Security API Project,
• Best Practices for OWASP Chapter Leaders,
• OWASP Documentation Projects,
• OWASP Tools Projects,
• OWASP Education Project,
• OWASP Strategic Planning for 2009,
• OWASP Certification,
• OWASP Winter of Code 2009
• Two-way Internationalization of OWASP Content
• And many more.

Training

These 2-day, 1-day or 1/2-day training courses cover a wide range of OWASP specific and Web Application Security Topics:

• OWASP Top 10 - What Developers Should Know on Web Application Security
• Uncovering WebScarab’s Secret Treasures
• Securing WebGoat with ModSecurity
• Secure Programming with Java
• Advanced Web Application Security Testing
• Building Secure Web 2.0 Applications
• Building Secure Web Services
• Building Secure Web Applications with OWASP’s Enterprise Security API (ESAPI)
• Classic ASP Security using OWASP tools
• Web Application Assessments
• Hacking Owasp Orizon Project v1.0
• Ajax Security
• Practical Penetration Testing: Think Like an Attacker to Stop Attacks
• Linux Software Exploitation
• Web server/services hardening using SELinux

Main Contact:

Kate Hartmann
OWASP Operations Director
9175 Guilford Road, Suite 300
Columbia, MD 21046, USA
Phone: +1-301-575-0189
Facsimile: +1-301-604-8033
Email: kate.hartmann@owasp.org

Blogger: Dan Blum

With the crisis in financial markets still unfolding, it is important to draw what lessons we can from the experience. Since the roots of the crisis lie in a monumental failure of risk management, it’s important to understand more about what happened, and then draw some parallels to our business risk management and  IT risk management situations.

The risk management failure in the housing market and on Wall Street had multiple interdependent dimensions:

• Mortgage lenders abandoned long standing prudent loan practices. They made too many loans that buyers might not be able to repay. Exotic instruments like ARMs, option ARMs, and interest only loans proliferated. In many cases, all pretense of lending standards were abandoned, so-called “liar loans” approved.
• Capital was grossly over-leveraged. Mortgage lenders and other financial services packaged loans into securities, which they sold to raise capital to support more lending. Real capital reserve requirements to back loans were reduced. Of course, if borrowers could not repay loans, all or parts of the derivative securities would become worthless.
• Risk was aggregated at Fannie Mae, Freddie Mac, and mortgage loan insurance companies. These companies bought or insured some mortgage loans, providing something of a backstop should loans fail. Government sponsored enterprises (GSEs) Fannie and Freddie in turn became over-leveraged and securities that they sold were in turn repackaged in the murky brew of mortgage-backed securities called collateralized debt obligations (CDOs) and other exotic instruments returning generous yields.
• Non-Caveat Emptor. Institutional wealth funds and financial services firms who should have known better bought securities that had been deliberately structured to obfuscate risk. They bought securities they didn’t understand with buried tranches of toxic subprime loans..

It was a great Ponzi scheme – one that kept working as long as housing prices were going up; the recipients of subprime loans could always flip that house to the next buyer. Everyone made money. As Chuck Prince of Citigroup famously put it during a July, 2007 interview: “So long as the music is playing, you’ve got to keep dancing. We’re still dancing.” But one month later, the music stopped. Since then, Citigroup and other financial institutions have taken massive writeoffs with more to come. Wall Street titans like Bear Sterns, Lehman Brothers, Merrill Lynch, and AIG have fallen or been bought out.

What can we learn from this risk management debacle?

As business risk managers and investors, we should ask questions like these:

• Does the executive incentive structure of the company encourage managers to dance around risk? Many Wall Street firms paid senior managers 5 times their salary in bonuses tied to annual growth alone.
• Is the company over-leveraged? Is it borrowing too much money and betting it on ventures with uncertain outcomes?
• Are financial models used for risk management realistic? Earlier, I described the mortgage market of the past few years as a Ponzi scheme, where risk management models must have assumed prices would keep rising. Unlike the dotcom boom whose demise many predicted, very few in the industry foresaw the sharp declines to come in housing prices and sales volumes. Historically, the U.S. housing market has been a steadily rising one, but on the other hand the 2000s saw unprecedented rates of price increases. In reality, what goes up must come down.
• Has your company’s risk council ever performed worst case scenario analysis and built adequate reserves? In the days before economics emerged as a would-be “hard” deterministic science, business leaders may have been more cautious, more aware of and more accepting of uncertainty. Events like the Great Tulip Bubble came once in decades or centuries – not every few years. Note that legendary investor George Soros has proposed a Theory of Reflexivity that, if true, helps explain the recent extremes of boom and bust cycles. This theory holds that market participants model market behaviors based on self-interest, and for a time, their manipulations change the reality of the market – until gravitational forces bring it back to earth. Has the music of ephemeral success played to the backbeat of deterministic-sounding economic models gone to your heads and infected your risk management models?
• Are cost cutting efforts pursued blindly? Outsourcing and other forays into treacherous global waters may be giving away the crown jewels. Smart companies cut costs, but they do it in smart ways. Smart companies think like intelligence agencies as they parcel out work to different partners with varying levels of dependability, and they check on those partners.

Risk management failures can also occur at the more technical level of IT security. As IT risk managers, we might ask questions like these:

• Are the accounting and financial systems your IT department supports under adequate control? As Fred Cohen wrote in one of our documents: “Many companies use computers to manage financial systems, and despite the Sarbanes-Oxley Act (SOX) claims about accounts being properly kept, there are many attacks on financial systems that remain. For example, most of the largest financial systems in the world running on common financial databases do not use double-entry bookkeeping and are thus susceptible to all manner of frauds by insiders.” We find it troubling that a prudent control dating back to the 12th century is going out of style in the name of convenience and cost cutting. Kind of like credit checking became anachronistic during the housing bubble, eh?
• Is the “separation” in your “separation of duty” (SoD) for real? Sure the SOX auditors are looking for SoD, and maybe you have different administrators with different accounts maintaining different systems or functions. But when they say Western civilization may be but one weak password from collapse they’re not lying. Look what happened to Sarah Palin’s email account! Weak and straggly SoD is a problem across all critical IT systems where deperimiterization and server consolidation may be bringing down protective barriers, identity management is weak, and strong process controls (e.g., where two people must sign on, one perform a critical operation such as backbone router reconfiguration, and the second observe) abandoned in the name of expediency.
• Are risks being aggregated to unacceptable levels in centralized control systems? There are many ways that risks aggregate within enterprise IT infrastructures as we pursue automation and cost cutting. Network risks aggregate when centralized domain name system control is implemented. Application risks aggregate when common infrastructure is shared among applications. And enterprises aggregate platform risks when they use low-assurance endpoints, authentication, and directory systems with single sign-on to access large numbers of resources and don’t separate high consequence systems.
• Non-caveat emptor: Has IT security really done the worst case consequence analysis, attack graphs, and vulnerability analysis to know when putting more eggs in a supposedly stronger basket aggregates risks to an unacceptable level? Or are you depending only on vendor claims about some black box appliance equivalent of a risk-obfuscated CDO security? Caveat emptor (buyer beware) again! (The good news is we’ll keep talking about promoting vendor and product rating systems so you don’t have to do all the detailed product analysis yourself, but that’s another post.)

There are many parallels between the monumental risk management failure in the financial markets, and the probable weaknesses in our day to day business risk management and IT risk management. Abandonment of prudent practices for profit; excessive leverage and centralization; ill-constructed risk analysis models; risk obfuscation; and a failure of caveat emptor seem to be common problems. Please take this as a wakeup call to sharpen up the risk management thinking, process, and execution.

The report says:

July 2008 saw the emergence of rehab spam. Subject lines have included

- Get help today with Drug Rehab Info
- Overcome Alcoholism today
Spammers are constantly trying new tactics to try and coerce recipients into opening a
spam message so that they can obtain personal information from end users. In this particu-
lar example, they are trying to target individuals who are not in good health, in the hopes
that they will act on this spam message and give away their personal details.

Read the full August State of Spam report here.

We are very pleased that we are the recipients of the new “Most Practical Paper” award of the conference, given to “the paper most likely to immediately improve the security of current environments and systems”. Thanks to everyone who supported this work!