Phishing Attacks with Multiple Replica Sign-Ins are on the Rise

Organizations have elaborate multi-layer cybersecurity defense mechanisms in place and yet hackers manage to penetrate through to access their data. With these stronger defense mechanisms, the number of machine and direct network exploits have decreased. However, hackers have now turned towards phishing attacks and social engineering.   Reports suggest that more than 90% of data breaches start with a phishing attack. Phishing does not involve…

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“Asia’s Digital Transformation”- Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the GIC Institutional Investors Roundtable on 31 October 2018

Ladies and gentlemen, good morning.  I thank GIC for the invitation and am pleased to meet all of you. Why FinTech? About three-and-a-half years ago, the Monetary Authority of Singapore (MAS) made a momentous decision – to promote an innovative and dynamic financial sector by working with the industry to harness the power of technology.…

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America Plays Catchup to GDPR

The United States (US) is working on its own version of the European General Data Privacy Regulation (GDPR). However, this regulation, which is currently in its drafting phase, will not constitute any laws or fines for rule-breakers. On 25th September, the US government initiated a public comment period for its initial proposal so that the…

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Monetary Authority of Singapore Proposes 6 Legally Binding Cyber-Security Measures

In June 2013, the Monetary Authority of Singapore (MAS) released their Technology Risk Management Guidelines (TRM) advising Singaporean Financial Institutions’ (FI) on how to protect their systems, data, and networks from a magnitude of technology risks. The guidelines set out risk management principles & best practices standards to guide FI’s in establishing a robust technology…

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IMPORTANT THREAT ALERT! MAS Guidelines– Apache Struts Vulnerability (CVE-2018-11776)

Have you deployed security updates yet?  Are you vulnerable to the recent threat? Apache Struts is a popular open-source Java-based web application framework used for developing many enterprise web applications globally. On August 22, 2018, the Apache Foundation released a critical security update for CVE-2018-1176, a remote code execution vulnerability affecting Apache Struts versions 2.3 to 2.3.34 and…

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Estimating Cyber Risk for the Financial Service Institutions

Cyber risks to the financial system are the most expensive attacks of all. These MEGABANK institutions are the most attractive targets because of their crucial role in inter-mediating funds between parties: the payments system of a bank for instance, if targeted, could leave that institution unable to operate. The financial sector is particularly vulnerable to cyber-attacks because…

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MAS ADVISORY – Recommendations on Safeguards Against Cyber Threat

The Monetary Authority of Singapore has released a circular in relation with the previous cyber attack which was disclosed on July 20, 2018. Singapore has been hit by what local media is calling the country’s “worst” cyber attack. Hackers targeting Singapore’s largest health care institution, SingHealth, stole the personal profiles of some 1.5 million patients along with the details…

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Healthcare Sector Under Attack: Why is it being targeted by hackers?

Healthcare systems were attacked by hackers more than systems of any other industry recently. Healthcare continued to be a lucrative target for hackers. These threats will continue and cybercriminals will likely get more creative despite better awareness among healthcare organizations at the executive level for the funding needed to protect themselves. Health care is one…

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Are Your Employees Going To Take The Bait?

Phishing is big business for cyber criminals. Phishing attacks rose by 65% last year, with the average attack costing mid-sized companies $1.6 million in 2017. Phishing scams are a form of cybercrime that involves defrauding users to obtain sensitive information. Cybercriminals act as legitimate companies or organizations to obtain the information. Phishing is the ultimate…

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The Future of Cybersecurity

Cybersecurity is a fast-morphing technology, meaning that making any assumptions about what will be needed six months from now is difficult at best. The rising trends in technology and threat landscapes lead to innovative Cybersecurity Solutions. As organizations develop and adopt technologies related to big data, cognitive computing and the Internet of Things (IoT), cyberthreats…

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Apvera…Named as One of the Finalists for INFOSEC Awards 2018

Cyber Defense Magazine hosted its annual review of the hottest, most innovative, best market leaders, next-generation and cutting edge INFOSEC companies offering incredible products and services. With over 1.2 Million annual readers and growing, Cyber Defense Magazine is the premier source of IT Security Information. They are managed and published by and for ethical, honest,…

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GDPR Today! things to consider

The General Data Protection Regulation (GDPR) is a regulation by the European Union (EU) that regulates the controlling and processing of personal data that is related to individuals within the EU. The GDPR defines personal data as all information that is related to an EU resident’s public, private, or professional life (such as email addresses…

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Apvera’s Sales VP Doug Farndale Elaborating the Company’s Goal

  “Providing Service as well as platform key to FSI Business Growth” has been Apvera’s main objective since the firm was launched in 2014. Apvera’s Sales VP Doug Farndale, a passionate technologist, who has a strong track record of incubating and accelerating state-of-the-art technologies specializing in Cyber Security, Analytics, AI, Machine Learning, Cloud Services and…

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Implementing an effective IT Governance Strategy Aligned to Industry Standards

The world is changing rapidly and cyber threats are becoming more frequent and severe. Most cyber attacks are automated and indiscriminate, exploiting known vulnerabilities rather than targeting specific organizations. With the advent of new regulations such as the NY Department of Financial Services Cyber Security Regulation and the European Union General Data Protection Regulation (GDPR) compliance…

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These 3 Departments are Causing the Biggest Cybersecurity Problems at Your Office

While phishing and malware attacks can come at all levels, some departments are more susceptible than others. These departments cause the biggest cybersecurity problems, because they are usually given more trust and access on the network. Before you decide to skip monitoring due to job position, these three departments should be monitored the most. IT…

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The Nasty Future of Ransomware: Four Ways the Nightmare is about to Get Even Worse

It’s no mystery that ransomware is one of the biggest concerns for cyber security, but it’s still mainly underestimated. Until an enterprise organization experiences just how devastating ransomware can be, the organizations usually disregard security to protect from it. Ransomware holds data hostage, and there is no reverse solution to undue its encryption unless you…

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Apvera Mentioned as a Member of the Daimler Program

Startup Autobahn Singapore, a Mercedes-Benz-backed accelerator that focuses on automotive-related businesses, today announced the addition of two new partners: the Southeast Asian infrastructure management team of Daimler AG, which is the automotive group that oversees Mercedes-Benz, and Jardine Cycle & Carriage (JC&C). Daimler AG will become Startup Autobahn Singapore’s internal domain partner, while JC&C will join as its…

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Apvera in Frost & Sullivan Article: Key takeaways from CyberConnect 360

Key takeaways from CyberConnect 360 Apvera – With growing concerns of insider threats on the rise, the Singapore-based startup seeks to help organizations deliver insights into behavior patterns that may have malicious intent through user behavior and entity analytics (UEBA). It also provides the visibility of possible rouge applications that may exist in the network,…

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Insights Q&A: Why are Penetration Tests Important?

1. What is a penetration test? Penetration testing (also called pen testing) is the practice of testing a computer system, network or Web application to find vulnerabilities that an attacker could exploit. 2. Why are the Financial Institutions being exposed to cyber attacks?  Financial institutions are increasingly relying on the internet to manage their operations, and to deliver…

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Bad Rabbit Rips through Europe

No other malware on the market puts users at such a disadvantage as ransomware. Several attacks including WannaCry and Petya have crippled entire countries from government to private businesses. Recently, a new wave of malware named Bad Rabbit has spread across Europe, Russia, Ukraine, Turkey and Germany. Bad Rabbit has its own payload, but it…

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The number of devastating cyberattacks is surging — and it’s likely to get much worse

2017 has surely turned out to be a fruitful year for cybercriminals. Only halfway through, and we have witnessed some major meltdowns including the Mayday situation that was the WannaCry Ransomware attack, the biggest ever leak of confidential tools from the NSA and CIA, WannaCry’s deadlier cousin Petya’s apparently masking targeted cyber attacks on Ukraine,…

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Is your Enterprise Under attack?

Today’s modern era welcomes thousands of techno-innovations, discoveries, and inventions. Smartphones and easily accessible cloud technology has made everything possible in current times. From ordering food to protecting billions worth of data, now everything can be done with a simple click. But sophisticated technology has also made stealing and fraudery thousand times easier for the money hungry hackers. Cue…

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Apvera Secures S$1.7M in Funding to Transform and Simplify Threat Intelligence

Led by ACP and SPRING Singapore, funding will accelerate the integration of behavioural analytics to detect and prevent new emerging threats in the enterprise. Apvera, a leading threat intelligence company in Singapore, today announced that it has closed a S$1.7M round of financing, led by ACP and SPRING SEEDS Capital. The round also included participation…

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MAS Beefing Up Expertise on Cyber Security

SINGAPORE — Noticing an increase in demand for insurance against cyber-attacks in the past few years, MAS (Monetary Authority of Singapore) is now working together with academics and organizations to strengthen its expertise in underwriting risks, said Lawrence Wong, Singapore´s Second Finance Minister. During his speech at the General Insurance Association´s 50th anniversary, Minister Wong…

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Cyber Attacks: 5 Simple Ways to Protect Your Business

According to EY, organizations are becoming increasingly confident that they can protect themselves against cyber-breaches – a surprising statistic considering the number of online attacks globally continues to rise. From a survey of 1,735 businesses worldwide, around half of the respondents said that they could detect a sophisticated cyber-attack and deal with it promptly and…

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Apvera in HRM Asia – Friendly Fire

“Given the increasingly complex security landscape and growing sophistication of cyber-criminals, traditional perimeter defences are no longer enough to protect a network. Companies now need to look inward as well, and strengthen their defences against insider threats. Eric Meyer, CEO of Apvera, which offers a cyber threat intelligence platform, says more and more cyber-security breaches…

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WW Global Enforcement Latest News & Predictions for Financial Services Industry

Organised by the Monetary Authority of Singapore (MAS), in partnership with the Association of Banks in Singapore (ABS), we can safely say that the inaugural Singapore FinTech Festival was a great success! Apvera participated in several events including the Japan-Singapore Tie up Programme to build a bridge between Japanese and Singaporean startups and to foster faster, more collaborative innovation and market…

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Apvera in Thomson Reuters’ Article

“Compliance alone won’t help in the age of cyber breaches, HK fin tech event told” is an article written by Ajay Shamdasani, a senior staff writer with Thomson Reuters Regulatory Intelligence in Hong Kong. As the relationship between financial services and technology increases, so does the threat of cyber attacks such as hacking, as seen with…

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BizQ: ACCELERATING SUCCESS

The success of entrepreneurs like Facebook co-founder Mark Zuckerberg and Tesla Motors’ CEO Elon Musk have inspired others to embark on their own entrepreneurship journey. In reality, however, it is difficult to get a business off the ground. According to Forbes, only one in 10 start-ups succeed. That scenario could shift with the growing presence…

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Top Cyber Security Leaders Gather to Discuss Cyber Threats

Top cyber-security leaders gather at Cybertech Singapore to discuss the major cyber threats facing organizations globally. Over 1000 cyber industry leaders, academic and government representatives and cyber start-up companies gathered at Cybertech Singapore over the two-day conference and exhibition to discuss the major cyber-security threats facing companies, governments, and critical infrastructure across Asia and the…

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MPs: Fine Firms For Cyber Security Failures

In recent years, the number of cyber attacks has greatly increased while organizations have done little to beef up security. Most organization owners know little about security, and hiring IT professionals to manage a secure environment is expensive. Even with the expense, a strong movement is currently gaining traction to fine companies and financial firms…

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Apvera to Showcase Cybersecurity Innovations at the Asian Financial Services Congress 2016

Identifying trends in the latest digital markets is important for the technology ecosystem that thrives on new businesses and startups. Apvera is proud to be chosen as the FinTech startup featured from Asian Financial Services Congress 2016. FinTech is a growing trend in the partnership of technology and financial services. Apvera’s security strategies help these…

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2015 Cyber Security Year in Review

2015 marked a monumental year for cybersecurity threats and breaches. Enterprise understand the need to change their cyber security to protect their company. But to be successful, organisations have to be knowledgeable about newest trend of cyber threats and risks. New cyber threat intelligence and trend analysis in the Apvera 2015 Cyber Security Year in Review explains…

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Largest DDOS Attack in History

The Biggest DDoS in History Hits the BBC and Donald Trump’s Website Cyber threats continue to get bigger and bigger each year. Last year, the Ashley Madison hack was considered the biggest breach in history. Just a few months later, hackers outdid themselves again and sent a 600-gigabyte DDoS attack on the official BBC website.…

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User Identities Exposed in Asia

In early November, VTech Holdings, became one of the latest victims of a large-scale data loss, after a hacker stole client data. There was an especially troubling component to this loss. However, as the data stolen included information on customer’s children. VTech Holdings offers connected educational toys, along with business and personal phones. The educational toys…

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Asian Companies Not Immune

The recent rise in the number of large-scale cyber-attacks shows that no organization that collects and processes personal data is immune from data security risks. Asia has always been a bit behind other countries when it comes to cyber security, mostly because they were not targeted as much as other countries. However, there is a…

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SEC Lays Down the Gauntlet

We saw several mistakes made by big companies in 2015. Companies can get away with complete disregard for proper security protocols for a short time until the right attacker finds their vulnerability. Such is the case for a St. Louis-based investment adviser who didn’t implement the right security to protect his customer’s personal identifiable information…

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Leading Innovation in ASEAN

Apvera CEO, Eric Meyer, participated on a innovation panel along side with GAC Ventures, Microsoft and NetAssist. With the creation of the ASEAN Economic Community, local communities are set to generate 14 million new jobs by 2025 and improve the livelihood of over 600 Million people across ASEAN. Driving innovation through SME and Start-up’s is…

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Apvera Awarded S$500,000 Grant under SPRING Singapore

Cloud Security and Application based startup Apvera, has been officially awarded the SPRING TECS grant under the Technology Enterprise Commercialization Scheme (TECS) has been awarded to assist in commercial efforts. Singapore – Nov. 20, 2014 :  Apvera Awarded S$500,000 Grant under SPRING Singapore’s Technology Enterprise Commercialization Scheme (TECS). Apvera, a Singapore-based company, is developing an alternative…

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