securing finance - asian financial institution increases  its cybersecurity posture with the help of akati sekurity

OVERVIEW

Based on a recent research, fraud and financial crimes are causing an estimated annual revenue loss of $3.5 trillion across industries and the reputational damage associated with cyber and fraud events is instantaneous. With the rise of cybercrimes and the finance sector itself a magnet to cyber attackers, financial institutions needed to hone their focus on building a secure security environment to safeguard their customers data and prevent what could amount to billions of losses. A renowned financial institution located in Asia wanted to strengthen their information security. With plethora of choices, the institution need to make a good and beneficial choice to ensure return of investment. Upon further research, they selected AKATI Sekurity as its best information security consulting and solutions provider.


CHALLENGES

The challenges the client was facing were information risk, exploitation of customers’ information, and the harm of the institution’s reputation and credibility. After the assessment and attacks simulation conducted, our consultants found several security issues that could detriment information integrity of the financial institution.


SOLUTION

Taking every factor into consideration, AKATI Sekurity had been chosen and consulted for conducting internal and external security assessment, that includes, breach assessment, compromise assessment, infrastructure and application penetration test where the consultants exercise and simulate what attacks can be accomplished, and how the network can be accessed remotely. These exercises provided our security consultants with the baseline to determine the corrective and preventive remediation steps to be taken by the institution. Hence, with the assessment, the institution was advised on the exploitable weaknesses and are able to strengthen their security with proper guidance by AKATI Sekurity.

Changing Defaults - renowned capital management firm engages akati sekurity for red teaming services

OVERVIEW

In a cybersecurity report by Telstra, Hong Kong narrowly missed the top spot for being one of the highest risk of cybersecurity attacks in Asia, and India is topping the list. The possibility of a significant increase in cyber attacks in the coming years are very likely. For any financial institution, this is a red flag that would require the much-needed attention as client confidentiality should be taken seriously. A large capital management institution located in the fourth most densely populated region in the world decided to gear up and find out what they can do to enhance their security.


CHALLENGES

Acknowledging this, the organisation opted to have their network infrastructure & architecture assessed by AKATI Sekurity. The vulnerabilities that were discovered by our consultants, could possibly result in the remote shut down of the client’s network, and that its data and credentials were in readable plaintext.


SOLUTION

Based on the vulnerabilities discovered, AKATI Sekurity assisted the client in developing a cyber-security maturity roadmap, detailing the steps required in improving and hardening its network infrastructure in a systematic and effective way. We have also guided the client in making sound business decisions to prevent larger losses while at the same time making necessary security configuration changes without incurring unnecessary implementations costs.

Agency’s hidden Vulnerabilities Discovered - TOP secret GOVERNMENT AGENCY engages akati sekurity for cybersecurity maturity assessment & breach assessment

OVERVIEW

With the rise of cyber threats and government bodies being favourite targets for attackers, a top secret government agency in Asia Pacific has taken on the path of hardening their information security posture. AKATI Sekurity was tasked to assess the Agency’s security posture, to identify network security flaws and assess the level of the criticality of vulnerabilities as well as to carry out a breach assessment.


CHALLENGES

As a government agency, the client was concerned about data breaches that have become frequent, especially from politically motivated threat actors. Aside from that, terrorist attacks on critical public infrastructure and services were also a worrisome factor. Moreover, the massive data held by this government agency had proved to be very attractive for cybercriminals with motivations.


SOLUTION

To avoid any oversight, they opted to get a cybersecurity maturity assessment as well as a breach assessment / compromise assessment from AKATI Sekurity, trusting the firm’s experience in ensuring proper and accurate assessment of its security posture. AKATI Sekurity conducted several comprehensive and detailed assessments, ranging from hosts and servers, application security, database, and internal-external deep security testing. We have succeeded in discovering several serious vulnerabilities, and provided recommendations in mitigating the risks of having unattended vulnerabilities.AKATI Sekurity also hand-held the client in its Governance, Risks and Assessment journey, addressing security risks from the angles of people, process & technologies.

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SHOP ONLINE SAFELY - retail giant aims to provide the best online shopping experience via security enhancement of its online shopping portal with the help of akati sekurity

OVERVIEW

Cybercrime is expected to cause damage to the global economy up to $2.1 trillion after 2019. While online businesses are lucrative, it is not without its risks. Minimizing the risks means taking calculated steps in implementing security controls. This became a factor why information security had become a priority for retailers anywhere, more so when two-thirds of Americans shop online at least once a month. This trend made a retail giant to also start tapping into the online world to expand its revenue via online and mobile applications. To ensure their customers can browse their merchandise with assured safety, they have engaged AKATI Sekurity to perform a thorough web application & mobile application security assessment and security source code review.


CHALLENGES

With the security of the mobile application and its potential customers in mind, the retail giant consulted AKATI Sekurity to perform security assessment of its online shopping portal prior to its launch. Our assessment discovered several critical vulnerabilities both in the applications and also on its hosting servers. We have also performed a rigorous Source Code Review testing on the online shopping portal and identified several programming and structural faults that could lead to possible security weaknesses.


SOLUTION

With our security assessment services, and detecting the application flaws early on, the customer managed to avoid repercussions that could impact their business & reputation. With AKATI Sekurity’s assistance, they had implemented better security and launched their online shopping application in a safe manner for their customers.

BIG DATA SECURED - A Big Data  and IoT GIANT’s efforts in further safeguarding their cherished platform brought them to AKATI sekurity

OVERVIEW

Big Data Analytics is a form of analytics that is speedier, more agile and more efficient compared to traditional or manual business basic analytics. It is applied in a wide variety of industries such as travel and hospitality, healthcare, government agencies, and retail. It involves data-mining, data management, and predictive analytics, and its uses can be further expanded to many more. The treasure trove of information involved makes it an attractive target for cyber-attacks. Realizing how valuable the data they are utilizing, a Big Data & IOT Giant in Europe wanted to solidify the trust of their clients by fortifying their security. They have engaged AKATI Sekurity for the purpose of testing and evaluating their security levels.


CHALLENGES

From the results obtained by the assessment, several noted issues could be pinpointed, which, if left undetected, could have negative consequences such as attackers gaining authorization details and access without proper validation, and several default settings that were weak. Dealing with highly-valuable client data, the client’s business reputation was on the line.


SOLUTION

To ensure the credibility, integrity and privacy of the data, AKATI Sekurity has been engaged to perform a big data security assessment for its big data platform as well as a thorough IOT security assessment. Our consultants focused on the application's authentication scheme, user privilege configurations, role-based access levels, data encryption for data at rest, in transit, & in-process, location transparency amongst others.With the identified flaws in the client’s application, our consultants provided tailor-made security remediations to the client that included, securing its computation codes, implementing comprehensive input validations and filtering, & implementing granular access controls.