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.<\/p>\n\n\n\n
During the competition, the Acba Bank team identified the largest number of vulnerabilities on the digital platforms of partner organizations.<\/p>\n\n\n\n
“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.<\/p>\n\n\n\n
“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 \u201ctarget\u201d 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.<\/p>\n\n\n\n
\u201cI am in favor of judging by the results: Acba Bank took first place, Krisp took second, and the Central Bank team took third,\u201d said Ruben Muradyan, admiral of the Bug Bounty competition jury.<\/p>\n\n\n\n
The Acba Bank is regulated by the Central Bank of the Republic of Armenia.-0-<\/p>\n\n\n\n