Kaspersky Lab’s cybersecurity experts and executives disclose the current state of cyberespionage in the Asia Pacific (APAC) region during the Kaspersky Lab’s 3rd APAC CyberSecurity Weekend in Phuket, Thailand.

 

Kaspersky Lab unriddled the mysterious threat of cyberespionage against countries, critical infrastructure, and companies in the region on its 3rd Asia Pacific (APAC) Cyber Security Weekend in Phuket, Thailand last week.

The company’s annual cybersecurity conference in the region brought together its top security experts along with industry professionals and journalists from 11 countries across APAC. The four-day event highlighted presentations from its top security researchers to reveal the truths and bust myths about cyberespionage, an alarming threat which has crossed the worlds of fiction and reality.

 

Cyber espionage is a dangerous and costly threat targeting nations and corporations around the world, including nations right here in the Asia Pacific region. Kaspersky Lab today aims to sound the alarm louder about this imminent danger so we can step up our efforts to strengthen our infrastructure and protect the public,” says Stephan Neumeier, Managing Director at Kaspersky Lab APAC.

Four cybersecurity experts from Kaspersky Lab’s Global Research & Analysis Team (GReAT) top billed this year’s APAC Cyber Security Weekend and zeroed in on the state of targeted attacks in APAC countries from past to present and how governments, businesses, and concerned industrial sectors can beef up their cyber defenses.

 

Vitaly Kamluk, Kaspersky Lab’s Director of GReAT in APAC, opened up the discussion by looking back at major cyber attacks that have hit public and private organizations over the past years in countries around the region.

 

Cyberespionage, a subset of intelligence activities in cyberspace, is covert by nature. The new generation of spies are not doing physical James Bond-style operations anymore — they are regular software developers and system operators. Their achievements remain in the darkness until researchers like Kaspersky GReAT discover and document their activities. The attackers are not writing the history of cyberattacks, but researchers do. And it doesn’t come as easy making documentaries or writing memoirs. The work of researchers require high concentration and solving of multiple difficult logical problems on the way, which is why these stories are so valuable,” explained Kamluk.

 

Kaspersky Lab’s 2016 report titled “Measuring the Financial Impact of IT Security on Businesses” has found that targeted attacks, including cyberespionage, are among the most expensive types of attack. The study further shows these threats can cost up to $143,000 in losses for small businesses and $1.7 million for enterprises.

 

The global cybersecurity company’s cyberespionage report also reiterates that businesses in all sectors and of all sizes are vulnerable to a targeted attack. A Fortune 500 company is at risk as a two-man startup as both entities hold business data.

 

Aside from monetary loss, businesses and even government agencies lose confidential data and the trust from their stakeholders and customers in the wake of a successful cyberespionage campaign.

Seongsu Park, GReAT’s Senior Security Researcher based in South Korea, specifically talked about the role of a company’s infrastructure in a successful targeted attack.

 

Park is among the Kaspersky Lab researchers who have been closely monitoring the activity of the high-profile cyberespionage group, Lazarus, a cybercriminal gang believed to be behind the $81-million Bangladesh Bank heist last year. He said thorough analysis on this group proved that many servers of big corporations are being used by the cybergang as launchers of their attacks against these same enterprises.

To answer the who’s and how’s of a cyberespionage campaign, Noushin Shabab, Senior Security Researcher at Kaspersky Lab’s GReAT based in Australia, discussed the forensic techniques and critical analysis being carried out by researchers for years to be able to understand an attack and to unmask its perpetrators.

 

Like paleontologists collecting the tiniest bones to be able to unearth a full artefact, cybersecurity researchers examine the leftovers of a malicious campaign, chase the trail of clues until we have gathered all the necessary pieces of the puzzle, and collate and compare evidences with fellow experts to be able to know the attackers behind an attack, their main goal, their techniques, and the length of their attacks. All the historic information we have gathered through investigating targeted attacks all these years helped us discover the truths and the myths of cyberespionage in the Asia Pacific region,” says Shabab.

 

Yury Namestnikov, Senior Malware Analyst at Kaspersky Lab’s GReAT, explained the trend of cyberespionage groups focusing on attacking financial organizations in the region using the now infamous ransomware to gain monetary rewards. He will also reveal the techniques used by these groups to mask destructive wiper-attack as an ordinary cybercriminal activity.

 

Kaspersky Lab Managing Director for Asia Pacific, Stephan Neumeier is all smile with the global cybersecurity company’s Midori Kuma.

 

Aside from elite cybersecurity experts from Kaspersky Lab, the global cybersecurity company’s “Data Guardian” named Midori Kuma also graced the conference. Midori Kuma, who was in Asia Pacific for the first time, is Kaspersky Lab’s original character tasked to remind internet users on how to keep their data safe from cybercriminals.

 

Guest speaker Kyoung-Ju Kwak, Security Researcher at the Computer Emergency Analysis Team of Korea’s Financial Security Institute talked about Andariel, a threat actor connected to the Lazarus group and responsible for card leakage and illegal ATM withdrawals in South Korea.


RECOMMENDED ARTICLE FOR TECHWORLD


 
Realme Philippines Leads the Sub-P15K Smartphone Category’s Leap to Quad-Camera with New Realme 5 Series
Techworld Date Posted: 4 October 2019 3:02 PM | 403 Views
Realme Philippines Leads the Sub-P15K Smartphone Category’s Leap to Quad-Camera with New Realme 5 Series. See More
 
Realme Philippines Leads the Sub-P15K Smartphone Category’s Leap to Quad-Camera with New Realme 5 Series
Techworld Date Posted: 3:02 PM | 403 Views
Realme Philippines Leads the Sub-P15K Smartphone Category’s Leap to Quad-Camera with New Realme 5 SeriesSee More

 
Kaspersky Raises Alarm Over Increasing Targeted Attacks Against Pharmaceuticals
Techworld Date Posted: 16 September 2019 11:41 AM | 360 Views
Kaspersky Raises Alarm Over Increasing Targeted Attacks Against Pharmaceuticals. See More
 
Kaspersky Raises Alarm Over Increasing Targeted Attacks Against Pharmaceuticals
Techworld Date Posted: 11:41 AM | 360 Views
Kaspersky Raises Alarm Over Increasing Targeted Attacks Against PharmaceuticalsSee More

 
Realme 3 First Offline Sale a Hit, Saw 900% Growth over Brand’s First Ever In-Store Sale
Techworld Date Posted: 24 April 2019 4:26 PM | 184 Views
After two weeks of back-to-back sold-out sales on Shopee and being hailed the fastest-selling smartphone under Php10,000, the realme 3 successfully lands on the hands of pre-order customers at its first nationwide in-store sale,.... See More
 
Realme 3 First Offline Sale a Hit, Saw 900% Growth over Brand’s First Ever In-Store Sale
Techworld Date Posted: 4:26 PM | 184 Views
After two weeks of back-to-back sold-out sales on Shopee and being hailed the fastest-selling smartphone under Php10,000, the realme 3 successfully lands on the hands of pre-order customers at its first nationwide in-store sale,...See More

 
Transcend Introduces High-Performance PCIe NVMe M.2 SSDs for Consumer and Embedded Applications
Techworld Date Posted: 21 May 2018 3:23 PM | 679 Views
Transcend Information Inc., a leading manufacturer of storage and multimedia products, announced today the release of the MTE110S PCIe NVMe M.2 2280 SSD for the consumer market and the MTE550T PCIe NVMe M.2 2280.... See More
 
Transcend Introduces High-Performance PCIe NVMe M.2 SSDs for Consumer and Embedded Applications
Techworld Date Posted: 3:23 PM | 679 Views
Transcend Information Inc., a leading manufacturer of storage and multimedia products, announced today the release of the MTE110S PCIe NVMe M.2 2280 SSD for the consumer market and the MTE550T PCIe NVMe M.2 2280...See More

 
Aruba Modernizes Network Security to Help Businesses Reduce Risk in the Era of Mobile, Cloud and IoT
Techworld Date Posted: 23 September 2017 1:04 PM | 534 Views
Aruba, a Hewlett Packard Enterprise company (NYSE:HPE), today announced the Aruba 360 Secure Fabric, a security framework that provides 360 degrees of analytics-driven attack detection and response to help organizations reduce risk in today's.... See More
 
Aruba Modernizes Network Security to Help Businesses Reduce Risk in the Era of Mobile, Cloud and IoT
Techworld Date Posted: 1:04 PM | 534 Views
Aruba, a Hewlett Packard Enterprise company (NYSE:HPE), today announced the Aruba 360 Secure Fabric, a security framework that provides 360 degrees of analytics-driven attack detection and response to help organizations reduce risk in today's...See More

 
Epson PH to Focus on Core Technologies and B2B Operations for a Bigger Market Share This 2019
Techworld Date Posted: 28 May 2019 4:56 PM | 262 Views
To maintain its bullish PH market share this 2019, Epson Philippines Corporation (EPC) shared its plans to build on new businesses, minimize dependence on mainstream product segments and optimize its B2B operations in a.... See More
 
Epson PH to Focus on Core Technologies and B2B Operations for a Bigger Market Share This 2019
Techworld Date Posted: 4:56 PM | 262 Views
To maintain its bullish PH market share this 2019, Epson Philippines Corporation (EPC) shared its plans to build on new businesses, minimize dependence on mainstream product segments and optimize its B2B operations in a...See More

 
Kaspersky Lab Unravels the Truth on Cyber Espionage at its 3rd APAC Cyber Security Conference
Techworld Date Posted: 17 October 2017 1:26 PM | 620 Views
Kaspersky Lab unriddled the mysterious threat of cyberespionage against countries, critical infrastructure, and companies in the region on its 3rd Asia Pacific (APAC) Cyber Security Weekend in Phuket, Thailand last week.. See More
 
Kaspersky Lab Unravels the Truth on Cyber Espionage at its 3rd APAC Cyber Security Conference
Techworld Date Posted: 1:26 PM | 620 Views
Kaspersky Lab unriddled the mysterious threat of cyberespionage against countries, critical infrastructure, and companies in the region on its 3rd Asia Pacific (APAC) Cyber Security Weekend in Phuket, Thailand last week.See More

 
With Public Cloud Services Disrupted, Businesses Urged to Deploy Private Cloud to Minimize Losses
Techworld Date Posted: 17 May 2019 2:17 PM | 206 Views
Gmail and Google Drive experienced service disruptions globally on March 13 for appropriately four hours. Gmail users reported having trouble saving email drafts, sending emails, attaching and accessing attachments while Google Drive users experienced.... See More
 
With Public Cloud Services Disrupted, Businesses Urged to Deploy Private Cloud to Minimize Losses
Techworld Date Posted: 2:17 PM | 206 Views
Gmail and Google Drive experienced service disruptions globally on March 13 for appropriately four hours. Gmail users reported having trouble saving email drafts, sending emails, attaching and accessing attachments while Google Drive users experienced...See More

 
Kaspersky Lab Publishes Results of Internal Investigation Related to Incident with Equation APT Source Code
Techworld Date Posted: 17 November 2017 11:24 AM | 559 Views
In early October, a story was published in The Wall Street Journal alleging Kaspersky Lab software was used to download classified data from an NSA employee’s home computer. . See More
 
Kaspersky Lab Publishes Results of Internal Investigation Related to Incident with Equation APT Source Code
Techworld Date Posted: 11:24 AM | 559 Views
In early October, a story was published in The Wall Street Journal alleging Kaspersky Lab software was used to download classified data from an NSA employee’s home computer. See More

 
Nokia 5.1 Plus Takes a Sweet Taste of Android™ 9 Pie at the Start of the Year
Techworld Date Posted: 8 January 2019 1:50 PM | 176 Views
HMD Global, the home of Nokia phones, has announced that Filipino Nokia fans can now enjoy the latest Android operating system, Android 9 Pie on their Nokia 5.1 Plus. . See More
 
Nokia 5.1 Plus Takes a Sweet Taste of Android™ 9 Pie at the Start of the Year
Techworld Date Posted: 1:50 PM | 176 Views
HMD Global, the home of Nokia phones, has announced that Filipino Nokia fans can now enjoy the latest Android operating system, Android 9 Pie on their Nokia 5.1 Plus. See More


Power by

Download Free AZ | Free Wordpress Themes