Financial Crime World

Cybersecurity Threats to Finance in Kazakhstan: Regional Analysis Reveals Improved Security Measures

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The Deloitte Caspian Region division has released its annual analysis of cybersecurity threats facing commercial banks in Kazakhstan, Azerbaijan, and Uzbekistan. The comprehensive study aimed to provide a detailed assessment of the maturity levels across the region, highlighting areas of improvement and best practices.

Methodology


The analysis was conducted using publicly available data from bank websites, mobile applications, and online tools such as:

  • Google PageSpeed
  • SSLLabs
  • Talos Intelligence
  • Trusted Source
  • Haveibeenpwned
  • Others

The study covered a total of 47 web addresses. The report did not identify specific banks but provided aggregate information.

Findings


According to the findings, Kazakhstan’s commercial banks have demonstrated significant improvement in securing their internet resources over the past year. Moreover, the study revealed that Kazakhstan-based banks have higher security levels compared to those in Azerbaijan and Uzbekistan.

  • In seven of the 10 analyzed areas, including:
    • Website access
    • Domain reputation
    • HTTP title security
    • Traffic security
    • Mail server security
    • Mobile application security
    • Email address leaks
    • Java-program vulnerability
    • Open ports
    • Personal data requirements Kazakhstan’s banks returned better or comparable results (±2%).

Conclusion


The report highlights a promising trend in cybersecurity measures taken by Kazakhstan-based commercial banks. As the financial sector continues to evolve and rely heavily on digital transactions, it is crucial for institutions to prioritize robust security protocols to protect against emerging threats.

Next Steps


More information on the analysis can be found on Deloitte Caspian Region’s official website.