Kaspersky Reminds Public on Cybersecurity

Multinational Cybersecurity and anti-virus provider Kaspersky reminds all financial services in Southeast Asia (SEA) on the importance of cybersecurity.

Kaspersky recently held a webinar on the lessons we should learn from the 2016 $81M cyberheist.

Kaspersky highlighted some strategies to boost up their defenses against cybercrime groups.

Meanwhile, Kaspersky also associated malware samples to the Lazarus Group (allegedly behind the multimillion heist). Malware samples appeared in financial institutions, casino software developers for investment companies, crypto currency businesses in several countries including Indonesia, Malaysia, Thailand, and Vietnam.

“The past offers us warnings which we must heed to be able to build a safer today. This applies to the financial sector and all other organizations especially when it comes to cybersecurity. More than four years after the world has witnessed one of the most successful cyber heist to date, it is essential for banks and related institutions in Southeast Asia to understand how they can leverage on threat intelligence to foil any sophisticated attempts against their systems,” says Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.

“For instance, our cybersecurity researchers have been monitoring the Lazarus group closely for years. Through this intelligence, our solutions can detect the possible malware they may use suppose they try to get into a banking system. We can block them, analyze the malicious file, and alert the organisation’s IT team on which tactics and techniques to look out for based on the group’s previous attack behaviour, saving possible multi-million losses financially and professionally,” he adds.

One indictment and arrest and the resignation and termination of several bank officials were some of the results of the said heist.

Human factor is also essential in cybersecurity.

Spear phishing is an email or electronic communications scam targeted towards a specific individual, organization or business. Although often intended to steal data for malicious purposes, cybercriminals may also intend to install malware on a targeted user’s computer.

The threat of phishing and spear-phishing remains present as Kaspersky’s network has detected 40,511,257 during the first five months of 2020, globally. (MLC)