COUNTRY FOCUS: BAHRAIN
We face similar types of attacks as any other
country or region. The only difference is that
sometimes a particular scam, fraud or malware
can originate from or target a specific country.
So far, none of the cyberthreats have shown
a particular uniqueness or signs of targeted
intent. This may also exist as an industry-
specific problem versus being a region-
specific one. In situations where it is country
or region specific, the intent is often linked to
hacktivism or regional conflicts.
What sort of threats is the banking
sector experiencing in Bahrain?
The most common types of threats we
face within the banking sector in Bahrain
are typical Business Email Compromise
www.intelligentcio.com
also faced ‘Fast Cash’ scams where a bank’s
internal systems and ATMs are breached.
Fortunately, this has not happened in
Bahrain yet, which makes it essential for us
to be alert and focus on early prevention.
How can you help them overcome
these threats? Why is it better to
prevent attacks in their infancy and
what is the best way of doing this?
Mirza Asrar Baig, CEO and Founder
of CTM360
(BEC) fraud cases, impersonations, phishing
websites and evil-twin sites. The banking
sector in general worldwide has recently
At CTM360, we believe that a pre-emptive
approach is always the best choice. This
includes tackling threats in infancy and
neutralising threats before they affect your
systems. Currently, the cybersecurity industry
focuses on Indicators of Compromise (IOC)
which is not wrong. However, we do need
INTELLIGENTCIO
49