Group-IB’s CyberCrimeCon 2019 conference is giving everyone the chance to get knowledgeable on the global state of cybersecurity

As we move faster and deeper into an all-encompassing digital era, cybercrime and cybersecurity have taken up a much more prominent position on the priority list of just about every government, company, and corporation worldwide.

Take, for example, the data breach experienced by Sephora in August this year. The breach saw 3.7 million customer records put up for sale on the Dark Web, including personal details like logins, encrypted passwords, date of registrations, IP addresses, and even details such as eye colour, skin type, hair colour, and skincare routines. The leak affected Sephora customers in Singapore, Malaysia, Indonesia, Thailand, the Philippines, Hong Kong, Australia, and New Zealand.

Even more recently, in October, the bank details of nearly 1.3 million Indian banking customers was put up for sale on the Dark Web as well. The data is estimated to be worth up to US$130 million for cybercriminals, and security researchers believe it is one of the largest card dumps in recent years.

What today represents the biggest threat, however, are APT groups, which are stepping up their activities and expanding geography each new year. Not that long ago, it was revealed that notorious Silence APT group, which once was known for its attacks on the post-Soviet countries, has gone beyond its “habitat area” and got their sights set on new victim-regions over the past year, in particular, APAC, which is attractive for the threat actors due to its quick economic growth and concentration of banks and financial organizations. And Silence is just one out of many.

Understandably, such widespread and serious incidents have given plenty of business leaders incentive to stay vigilant. This is especially important for businesses in the APAC region, where the adoption of new technologies is especially high and businesses are moving into the digital sphere at a fast pace.

The ramifications of undiagnosed cyber attacks

Cyber attacks can cause huge damage and result in massive losses. A study by insurance provider Lloyd’s warned that a single, major cyber attack could potentially cost major APAC ports US$110 billion, and could happen during an “extreme” scenario if a virus were to infect ports across Singapore, China, Malaysia, South Korea, and Japan. The potential impact would cripple the region’s trade capabilities.

Cybercrime is a serious business, and is projected to be one of the biggest challenges humanity will face in the next 20 years. Malicious online activity costs the global economy million every minute, piling up when one considers the damage and loss of data, intellectual property theft, hours of lost productivity, post-attack disruptions to businesses, loss and restoration of compromised systems, and harm to one’s reputation.

Cybercrime is a problem that shows no signs of abating, and the fight against it requires a deeper understanding of how cyber threats work against us. This is where Group-IB’s CyberCrimeCon comes into the picture, armed with invaluable information about cybercriminals and insights as to how they can be dealt with.

Bringing the issue of cybersecurity into the foray

The annual CyberCrimeCon is the best place to discuss such issues impacting APAC and beyond, and it’s back this year with something special — the event is welcoming the general public with open arms to come and learn more about cybercrime and how it is impacting them.

The event is an international conference hosted by Group-IB, a Singapore-based company providing solutions and services aimed at the detection and prevention of cyberattacks. At CyberCrimeCon, the focus is on the future of cyber threats and cybersecurity experts and leaders will be on hand to offer insights on the best practices for preventing attacks and practicing pro-active incident response.

Also read: On cybersecurity and digital forensics: How Group-IB is reshaping what we know

The issue of cybercrime is not just a concern for businesses, but for the general public. In order to give individuals more knowledge and insight on how incidents such as the data breaches and complex targeted  APT attacks mentioned above can affect their day-to-day lives, Group-IB is opening its doors for the first time to allow members of the public to take part in CyberCrimeCon.

CyberCrimeCon will hold a series of talks highlighting trends and reliable forecasts in cybercrime for 2020, as well as laying bare recent cases of hi-tech crime investigations, which have never been made public before. Stellar lineup of speakers includes the Director of INTERPOL’s Cybercrime Directorate, Craig Jones, Assistant Chief Executive at Cyber Security Agency of Singapore, Gaurav Keerthi, CEO and founder of Group-IB, Ilya Sachkov, as well as other prominent speakers who will be there to offer their experience and insights on the topics.

Group-IB and their commitment to cybersecurity – Hunt or Be Hunted

In nearly two decades, Group-IB has become one of the world leaders in its industry, with hands-on experience in complex cross-border cyber investigations. It is a partner of the International Criminal Police Organisation (INTERPOL) and the European Union Agency for Law Enforcement Cooperation (Europol), and its solutions are recognized by industry researchers from Gartner, Forrester and IDC.

Over the years, Group-IB has built up comprehensive Threat Hunting and Cyber Intelligence capabilities which allow to not only track threat actors in real time, have better visibility of their infrastructure, detect and prevent cyberattacks, but more importantly proactively hunt for cyber threats in the wild to always be one step ahead of cyber villians. Their work has resulted in one of the largest computer forensics laboratories and round-the-clock centre that provides rapid response to cyber threats. Their extensive security ecosystem also allows them to offer a range of services from threat intelligence and detection, attack prevention, and protection from bots, fraud and data leakage.

Group-IB’s expertise and leadership drive CyberCrimeCon’s goals and will contribute to the development of better strategies for dealing with threats. Digital forensic specialists, system integrators, IT managers, and CEOs and CISOs in the APAC region would be the greatest benefactors from such events. They will not only glean new knowledge on how to prevent cyber attacks but will also understand the urgency and sheer scale of the problem.

With the Internet proliferating just about every aspect of our lives — from the way we manage our health, our workflows, our finances, to the way we connect with one another — companies must understand their responsibility to protect both themselves and their customers.

The CyberCrimeCon, a global Threat Hunting & Intelligence conference, equips individuals and companies with strategic information and tools to fight cyber attacks and ensure the safety of their systems. One of the key moments in this year’s conference is the presentation of Group-IB’s trademark annual Hi-Tech Crime Trends 2019 report, which particularly focuses on the activities of state-sponsored threat actors, which have significantly intensified their activities over the past year.

CyberCrimeCon is taking place on 29 November 2019 at the Andaz by Hyatt Hotel, Singapore.

Find out more here.

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