Wed, 24 September
14.1 C
Yerevan
USD: 382.85 RUB: 4.58 EUR: 451.57 GEL: 141.09 GBP: 517.23

Acba Bank recognized as the best in CyberGEN’s Bug Bounty competition

YEREVAN, July 1. /ARKA/. Cyber Security Week in Armenia ended with the Bug Bounty competition with Acba Bank’s offensive cyber security team  recognized as the best, according to the bank’s press service.

During the competition, the Acba Bank team identified the largest number of vulnerabilities on the digital platforms of partner organizations.

“As a result of the event, our team discovered vulnerabilities, which, once eliminated, will make our partners’ banking applications more secure. In the field of cybersecurity, this is a systemic problem, and the vulnerability of one affects everyone. In this way, we are improving the security of the entire banking system,” said Vagharshak Iskandaryan, Director of Information Security and Cybersecurity at Acba Bank.

“We are holding this event for the second year in a row, and this year the teams were particularly strong. The first place went to the Acba Bank team. Last year, Acba Bank’s team participated as a “target” organization and invited specialists to test its system, try to find vulnerabilities, and promised a reward for any vulnerabilities found. As a result, the bank only became stronger,” said Komitas Stepanyan, Director of IT and Cybersecurity at the Central Bank of Armenia.

“I am in favor of judging by the results: Acba Bank took first place, Krisp took second, and the Central Bank team took third,” said Ruben Muradyan, admiral of the Bug Bounty competition jury.

The Acba Bank is regulated by the Central Bank of the Republic of Armenia.-0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img