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Tag Archives: Cybersecurity

Video: a cautionary tale of cyber privacy

Follow the story of Tim as he deals with the aftermath of posting a seemingly innocuous piece of digital information online. Kaz’Hack’Stan 2018 outlines changing digital landscape in Kazakhstan 5 reasons why IoT is not yet ready for primetime Video: are some bigtechs unstoppable?

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How to identify a phishing site

Phishing is a massive global issue that more than 12 million internet users fall victim to each year. Typically, cybercriminals trick users into visiting a fraudulent website where they then obtain confidential information that can be used to steal money, identifications and more. Here are a few ways to recognize …

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Five reasons passwords are here to stay (at least for now)

Biometric technology such as fingerprint and facial recognition have been heralded for years as a replacement for passwords. While this may be true in the distant future, there are a few challenges that have yet to be solved before they can fully replace passwords: Biometrics can’t be encrypted – biometrics …

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The state of cyber-attacks in Kazakhstan

In 2017, cyber-attacks caused at least USD 1 million in damage to Kazakhstanis. The exact extent of damages is unknown due to the lack of open data; however, some estimates put the figure several times higher than USD 1 million. Last year, Kazakhstan ranked 6th in the world in terms …

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17% of Uzbek users face cyber-attacks each month

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 Uzbekistan in the second quarter of 2018, 26% of internet users faced at least one cyber-attack, down from 31.52% in …

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Is your phone spying on you?

No one is surprised by contextual advertising after they search for something on Google. But have you ever noticed it after just talking to a friend in a casual conversation? Is this just a coincidence or is someone spying on you? It turns out that your mobile phone may be …

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Increasing amount of theft at cryptocurrency exchanges

There is an arms race developing between cyber criminals on the one side and cryptocurrency exchanges and regulators on the other side. In recent years, there has been a tripling of money laundering through cryptocurrencies. But perhaps more alarming is the rise in the theft of cryptocurrencies. It is estimated …

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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 2.3 million in cryptocurrency attacks just in the second quarter of 2018. It was reported that attackers convince user to …

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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 onto user computers, hackers and programmers have become more ingenious in recent years. Uzcert and ESET (a company specialized in …

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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 of internet addresses. In Azerbaijan, this is for websites that end in “.az”, including those ending in “.com.az” and “.edu.az”. …

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Why cryptocurrency exchanges are hacked so often

Last year, at least five major cryptocurrency exchanges were hacked, resulting in the loss of hundreds of millions of USD. The fault for such hacks resides on two fronts: the client side and the server side. On the client side: Cross Site Scripting (aka XSS) allows attackers to use your …

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Big data could provide the solution to cyber-attacks

Financial institutions have become the epicenter of cyber-attacks, with a successful attack on one rippling through the highly-interconnected financial system. With the rate, pace and sophistication of cyber-attacks continuing to grow exponentially, security has become a big data problem. But big data could also be the solution. Applying machine learning …

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Infographic: the true cost of a data breach

The financial services industry has been hit hard with data breaches in recent years, underscoring the need for financial institutions to step up security measures to protect both themselves and their customers. But beyond public backlash, reputation damage and lost client trust, financial institutions that experience a data breach face …

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The future of cybersecurity in banking

With technology becoming of greater importance to daily life around the world, the threat of cyber-attacks has become a real issue for many companies, both small and large. This is especially true for financial institutions, which have become a frequent target of cyber criminals. Although technology is undoubtedly making banking …

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Cyber-attacks underscore need for better cybersecurity measures

Financial institutions take many measures to eliminate vulnerabilities, but the fact is everything can be hacked. Last year, for example, more than 70 million cyber-attacks were committed on financial objects in Russia, costing financial institutions more than RUB 1.35 billion.  Perhaps most alarming is that the measures many financial institutions …

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Low uptake of email authentication by financial institutions

The Global Cyber Alliance (GCA), a cybersecurity nonprofit, has announced that only 11 of the top 50 U.S. financial institutions and 9 of the top 50 European financial institutions are actively using the DMARC email authentication standard to block fraudulent emails or mark them as spam. GCA noted that another …

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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 and targeted than in years past. As a result of these attacks and similar attacks against other industries, the government …

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Video: how Israel is ruling the cybersecurity world

Ben Ferguson travels to Tel Aviv to find out how Israel has become one of the world’s premier cyber superpowers. New data privacy regulations changing “business as usual” Bank of England to open new blockchain-based payment system The future of banking: secure omnichannel banking

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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 are making good use of such data. For example, India’s Aadhaar system, which makes use of biometric data to get …

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Southeast Asian nations agree to strengthen cybersecurity

Southeast Asian nations have agreed to adopt cybersecurity rules following major data breaches in the region. Ministers in the 10-member Association of Southeast Asian Nations have agreed to 11 voluntary, non-binding norms of responsible behavior to strengthen cybersecurity; they have also agreed to regional capacity-building efforts to implement these norms. …

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