1LINK, CydeaTech and Skurio join forces to improve cybersecurity in the Pakistan finance sector
8 July, 2021
Skurio, the UK Digital Risk Protection company, today announced the roll out of a new collaborative Cyber Threat Intelligence solution in Pakistan in partnership with 1LINK and CydeaTech.
“1TIP”, a Threat Intelligence Platform designed to promote better detection of data breaches and external cyber threats is now live with an initial cohort of banks in the region and the coalition will scale operations to support banking organisations nationwide this year. 1TIP relies on the Skurio Digital Risk Protection solution to monitor surface deep and Dark Web sources around the clock, to provide intelligence on hacking groups and leaks of sensitive information.
The move comes as part of a strategic government initiative, in the wake of historic cyber incidents, to promote better consumer protection as digital banking services are adopted. 1LINK operates the largest secure digital payment platform in Pakistan and was established by a consortium of 11 banking partners.
1LINK’s dedication to strengthening defences for customers was highlighted by CEO, Najeeb Agrawalla, at recent signing ceremony with 1TIP customer Bank, “1LINK is committed to improving the cyber security posture of the financial industry against ever increasing cyber threats.”
Banks signing up to service benefit from local expertise provided by the CydeaTech team who have established a hitlist of threat actors and intelligence sources relevant to banking institutions in conjunction with Skurio’s own threat intelligence experts. This enables customers of 1TIP to get the earliest possible warning of attack planning as well as vital intelligence on the latest cyber threats.
“Skurio was an ideal Digital Risk Protection platform choice for us,” said Mahir Mohsin, CEO of CydeaTech, “The ability to continually add new intelligence sources helps us to stay one step ahead of bad actors targeting the domestic finance industry.”
“CydeaTech in partnership with 1LINK has helped us to establish Skurio Digital Risk Protection in Pakistan and we are already looking forward to taking our solutions to additional industry sectors with this partnership” added Skurio CEO, Jeremy Hendy.
1LINK (Pvt) Limited, owned by a consortium of 11 banks, is the country’s 1st PSO/PSP and largest switch and payment system, providing a host of valuable online banking services like ATM switching, Bills Payment, Inter Bank Funds Transfer, Fraud Risk Management, Switch Dispute Resolution, International Payment Schemes, PayPak – Domestic Payment Scheme, etc. 1LINK is continuously evolving and adding new products and services to benefit the financial industry. For more information, please visit: https://1link.net.pk/
Skurio, the innovative cybersecurity software company, helps customers protect themselves from digital risks. Our Digital Risk Protection platform combines automated, round the clock monitoring of the surface, deep and Dark Web with powerful analytics capabilities for cyber threat intelligence.
Skurio looks for cyber threats specific to an organisation, giving a single view of all data breaches and threats outside the network. Additional features help protect data across the supply chain with synthetic identities and protect the business from brand impersonation with typosquatting monitoring. Open APIs integrate valuable alerts into SOC and ITSM workflow systems to automate breach response.
Founded in 2011, Skurio is based in Belfast with staff across the UK. Skurio’s highly skilled team of security analysts work at the leading edge of business threat intelligence and digital risk protection, providing customers with the support they need to extend their in-house expertise. Our partner and distribution network serves hundreds of customers in 33 countries.