It’s no secret that cybercrime in the world is developing at a rapid pace, with cybercriminals becoming better in their attacks and in ways to tricking people and systems. In …
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Kyrgyzstan in top 5 for cryptocurrency attacks
Kaspersky Lab has completed a study that shows that Kyrgyzstan ranks in the top 5 in the world for cryptocurrency attacks. According to the study, hackers stole more than USD …
Read More »The problem of hidden mining in Uzbekistan
One of the most common cyber threats in Uzbekistan is hidden mining. Although there are still threats associated with the more traditional unknown downloading and installation of a mining program …
Read More »Azerbaijan updates cryptographic keys
Azerbaijan has announced the replacement of cryptographic keys that serve as protection for domain name systems (DNS). Cryptographic keys, first introduced in 2010, are responsible for the security and integrity …
Read More »Number of cyberattacks on Kazakh banks increasing
Evgeni Pitolin, managing director of Kaspersky Lab in Central Asia and Mongolia, has stated that the number of cyber-attacks on Kazakh banks has increased in 2018, becoming even more complex …
Read More »State use of biometric data: good or bad?
Biometric data is being harnessed the world over as a way of identifying us and protecting us from the fraudulent use of our personal information. And governments around the globe …
Read More »Azerbaijan developing national cybersecurity strategy
The government of Azerbaijan has announced the development of a national cybersecurity strategy. The strategy, an initiative of the Ministry of Transport, Communications and High Technologies, envisages setting up a …
Read More »Cash vs card: Kyrgyzstan’s move towards non-cash payments
Kyrgyzstan has traditionally been a cash-based society, with many preferring the comfort of the familiar paper currency to digital alternatives. In fact, many Kyrgyzstanis are reluctant to use cards, mostly …
Read More »Converse bank to support FinTech startups in Armenia
Converse Bank will support several FinTech startups that participated at the ‘Sevan Startup Summit 2018’. The bank will prioritize innovative thinking and the introduction of novel approaches in the economy. …
Read More »Online portal to let Tashkent residents decide on city spending
Following a presidential decree on introducing a special management system for the city of Tashkent, residents of Tashkent will have the opportunity to decide how to spend city funds by …
Read More »Uzbek Muslims can now pay Waqf via internet, mobile devices
The company Click has partnered with charitable organization Waqf to provide Muslims the opportunity to make religious-based payments via the internet and cellular communication devices, meaning that Muslim users can …
Read More »Uzbekistan to create blockchain-based ticket sales system
Following a presidential decree regarding measures to innovate the development of culture and art in Uzbekistan, blockchain technology will be introduced into the system of ticket sales for cultural and …
Read More »Open APIs driving the uberization of payment services
Uber revolutionized the car transportation business when it created a market capitalization of billions of dollars without owning cars or carrying any stock. Similarly, the open API economy has acted …
Read More »The uberization of lending in India
What Uber has done for the transportation sector, FinTech companies are now starting to do for the financial sector in India. The increasing digitization of data in the country has …
Read More »The impending uberization of Kazakh the financial services market
The application ‘Uber’ has revolutionized not only the transportation industry but also how people have come to expect services to be offered to them. Technology companies and innovators are continuously …
Read More »OPPA e-wallet enters Georgian digital market
A new electronic wallet (e-wallet) – OPPA – has entered the Georgian digital market. The OPPA brand was created by JSO OPPA (formerly Nova Technology), which operates the PayBox payment …
Read More »New universal scoring platform to launch in Kyrgyzstan
A new universal scoring platform has been presented in Kyrgyzstan as part of the ‘Eurasian Digital Platforms’ international competition. The new platform uses data from communications operators, credit bureaus and …
Read More »Innovative solution for investments in Kazakhstan
The National Bank of Kazakhstan has implemented the new ‘Invest Online’ system, an innovative solution designed to operate as a simple, free tool for individuals to invest their money in …
Read More »Alfa-Bank launches new international marketplace platform
Alfa-Bank has launched Alfa Network, a Russian-language marketplace platform, in Russia, Kazakhstan and Belarus. Alfa Network allows users to post and find offers for trade transactions, buy and sell assets …
Read More »UzCard offers new instant transfer capabilities for Uzbekistan
UzCard has announced the launch of instant money transfers from Qiwi and CONTACT. The transfer is currently only available in one direction (i.e. from Qiwi/CONTACT to UzCard); however, UzCard plans …
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