Threat actors targeting MFA schemes: Time to layer more identity security measures!
Multi-Factor Authentication probably foiled or deterred many identity fraud attempts last year, but one report shows we cannot be complacentRead More
By CybersecAsia editors | Friday, February 3, 2023, 9:34 AM Asia/Singapore | News, Newsletter
Multi-Factor Authentication probably foiled or deterred many identity fraud attempts last year, but one report shows we cannot be complacentRead More
In recent years, Indonesia saw a double-extortion ransomware attack on the nation’s central bank, massive data leaks involving the details of 1.3 billion registered mobile phone numbers, 105 million voters, more than 200 million citizens in the Healthcare and Social Security Agency’s database, and a log of President Joko Widodo’s correspondence.Read More
By PR Newswire | Saturday, July 2, 2022, 5:13 PM Asia/Singapore | PR Newswire
BEIJING, July 2, 2022 /PRNewswire/ — Xinghuo Blockchain Infrastructure and Facility (Xinghuo BIF) and Zetrix have jointly announced the introduction of Blockchain-based Identifiers (BID) / Verifiable Credentials (VC) and Blockchain-based E-signing services to international markets, a major milestone in enabling cross-border business with China on the blockchain.
Xinghuo BIF is a China initiated international blockchain infrastructure supported by all levels of the Chinese Government while MY E.G. Services Bhd (“MYEG”), via its Zetrix blockchain, runs the International Supernode of Xinghuo BIF to connect entities outside China to the Xinghuo BIF. Xinghuo BIF presently resolves 94mil identifiers daily, placing it as the most actively used platform and validates this use case in real world applications.
The BID, an official DID method listed in the DID Specification Registry of World Wide Web Consortium (W3C), is a new approach to realize decentralized identity based on Xinghuo BIF. The initial phase of the BID rollout will include the introduction of Chinese-related credentials, agreements and the corresponding legal frameworks that would serve as the foundation for the establishment of such agreements. Zetrix will connect Chinese parties signing on the domestic Xinghuo BIF network with their international counterparts signing on the Zetrix network.
The BID service is an extension of the existing Xinghuo BID and Xinghuo Blockchain-based E-Signing services that was officially deployed in February 2022. On 12th October 2021, a Memorandum of Understanding between China Academy of Information and Communications Technology (CAICT) and Malaysia-based MYEG, which established the Zetrix chain, announced the strategic cooperation framework between Xinghuo BIF and Zetrix as the international infrastructure to connect China’s Xinghuo network to international markets.
“BID and Verifiable Credential form a critical foundation for the digitalisation of trade and services. Beyond the process and trade efficiencies that we envision, this will also counteract the threats of counterfeiting,” said Dr. Jin Jian, president of Institute of Industrial Internet and Internet of Things Institute (IIIIoT), CAICT
“BIDs and VCs are critical building blocks of more interconnected Web 3. They are the foundational tools that decentralised apps can call upon to deliver a myriad of new services that would unleash the full potential of blockchain platforms. No other blockchain platform currently provide these services at a scale that matches Xinghuo – Zetrix and we are excited to be the global industry leaders in this real world usecase,” said TS Wong, Group Managing Director of MYEG.
Zetrix has engaged credential issuers and certification authorities to ensure the information registered are true to fact, and continues to engage with more stakeholders in strengthening the integrity of this vital facility. Further information is available at zetrix.com.
The missing layer of the Internet
Blockchain Identity has often been referred to as the missing layer of the Internet, though typically this has resulted in there being multiple identifiers for every user, which often times are temporary or not tied to the real-world identity of users.
Now, through the Xinghuo-Zetrix collaboration, this fundamental layer and its design would give direct control and ownership to its users, a key differentiating factor that will enable a new wave of Web 3 digital processes and transactions.
Zetrix DID solution, which conforms to the Xinghuo Blockchain-based Identifier (BID), will power an on-chain signing service to enable users to transact with certainty and verified identities.
The resultant Zetrix Blockchain-based E-signing Service provides:
Organisations can use this service by keying in information and signing using their BID to issue certificates/credentials on the Zetrix blockchain. Users in China and elsewhere with access can search relevant information quickly through the BID identifier resolution service and vice versa.
The Zetrix Blockchain-based E-signing Service carries out signing management throughout the life cycle, maintains operations records and the extraction ability to meet the demand for inquiry and examination. Most importantly, these documents are legally binding if applicable to China laws.
This will in turn improve the efficiency of transactions and agreements across borders for various kinds of use cases. By supporting single-party and multi-party transactions, the service will be able to meet the demands of clients in many contexts including B2B and B2G.
The Xinghuo-Zetrix blockchain certificate service demonstrates that users can inquire the authenticity of any certificate or credentials. It ranges from Government issued credentials like official residency, to provenance of goods, to the adherence of international standards by enterprises.
Users can authenticate certificates online, instead of relying on traditional ways of issuing paper documents for proof. These credentials can then be independently verified using the issuer’s public BID. In addition, digital credentials may incorporate smart features, i.e. programming logic.
The combination of the BIDs and Verifiable Credential services will enable a host of varied use cases, from simple issuance of certificates to smart product authenticity documents with ownership history and programmable government issued credentials.
As an ongoing concern, Zetrix will design more templates of signing occasions, extension environments, and API integration, providing safe and efficient identification services for all industries.
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security, and scalability. The cryptographic infrastructure in Zetrix can be introduced in multiple industries to connect governments, businesses, and their people to a global blockchain-based economy.
The cross-border and cross-chain integrations with Xinghuo BIF enables Zetrix to serve as a blockchain gateway that facilitates trade and commerce globally by deploying critical building blocks for Web3 services.
About Xinghuo BIF
With the special support of the Ministry of Industry and Information Technology, Xinghuo BIF is one of the largest blockchain infrastructure supported by all levels of the Chinese government led by China Academy of Information and Communications Technology (CAICT). As the foundation of digital economy, Xinghuo BIF is equipped with the interoperability of providing public identifier services across different industries and regions based on permissioned public blockchain and decentralized identifiers, enabling industrial digitalization and data valuation.
By CybersecAsia editors | Thursday, January 27, 2022, 9:13 AM Asia/Singapore | Newsletter, Tips
While cumbersome login and identity verification processes cause ‘bad friction’, adaptive technologies can be used to justify ‘good friction’Read More
By CybersecAsia editors | Wednesday, October 7, 2020, 10:23 AM Asia/Singapore | News, Newsletter
Identity or key cards not needed: one wave of your hand and the VeinID system will authenticate your identity…Read More
By Serkan Cetin, Technical Director, APJ, One Identity | Thursday, December 10, 2020, 3:31 PM Asia/Singapore | Newsletter, Opinions
Placing no trust in anything may be the big thing next year.Read More
By Victor Ng | Thursday, November 5, 2020, 7:25 PM Asia/Singapore | Features, Newsletter
Why corporate data compliance can make or break an enterprise; cyber safety and hygiene must improve in the new normal.Read More
By CybersecAsia editors | Wednesday, November 27, 2019, 7:12 PM Asia/Singapore | News
The Third-party Access and Compromise study reveals figures that should raise eyebrows and set security alarms ringing before disaster strikes. New research released on 26 Nov has revealed that many organizations across the...Read More
By Victor Ng | Tuesday, October 15, 2019, 5:07 PM Asia/Singapore | Cloud Security, Features
What should be at the core of an organization’s cybersecurity in the cloud era? Obviously not your...Read More
By CybersecAsia editors | Friday, March 3, 2023, 9:43 AM Asia/Singapore | News, Newsletter
According to one survey, sustainability, mobile IDs and changing workforce dynamics are some of the drivers of security industry revampsRead More
By L L Seow | Friday, January 20, 2023, 3:58 PM Asia/Singapore | Features, Most Read1
Did you know that seemingly harmless chatter in public forums and phone calls are being mined by multiple parties?Read More
By PR Newswire | Tuesday, July 5, 2022, 8:09 AM Asia/Singapore | PR Newswire
SEOUL, South Korea, July 4, 2022 /PRNewswire/ — Penta Security, a leader in the enterprise cybersecurity industry in South Korea, showcased its award-winning web application firewall WAPPLES and iSIGN+ at the Vietnam Security Summit 2022. Hosted by the Ministry of Information and Communications and co-organized by IEC, this year’s event offered visitors the opportunity to engage with Penta Security’s product offerings on-site.
As one of the sponsors of this event, Penta Security exhibited its web and authentication security solutions as part of introducing the revamped enterprise cybersecurity solution package. “Our products are widely used by companies that require comprehensive coverage for all attack patterns on known and zero-day vulnerabilities with an easier and faster installation process,” said DS Kim, CSO of Penta Security. “Marking our 25th anniversary in the industry, we believe that setting new standards for a robust enterprise cybersecurity environment is key to meeting the challenges ahead.”
Given that businesses in healthcare and financial services industries must comply with data privacy regulations that mandate identity and access management, Penta Security emphasizes the importance of deploying an all-in-one secure authentication solution like iSIGN+ to help businesses reduce the number of attacks by allowing limited access to employees with one set of credentials. Moreover, increased cyber attacks targeting web applications highlight how crucial it is to secure paths to the network in advance.
Penta Security maintains that building a proper enterprise cybersecurity architecture from the start is the only way to eliminate risk factors and stay on top of cyber attack trends in the digital transformation period. In an upcoming seminar in Jakarta, Penta Security will be focusing on explaining ways to overcome rapidly changing security challenges by conducting a cyber-resilience assessment customized to each business. For more information, please contact email@example.com.
About Penta Security
A global leader in web, data, and IoT security with 25 years of expertise in powering secured connections, Penta Security is the top cybersecurity vendor in Asia, as recognized by Frost & Sullivan. Its web application firewall WAPPLES has been the market leader in the Korean market for 13 consecutive years since 2009 and later dominated the entire Asia-Pacific region by obtaining the largest market share since 2016. Since then, it has gained a presence in Europe, the Middle East, and North America. For more information on Penta Security, visit pentasecurity.com. For partnership inquiries, email firstname.lastname@example.org.Read More
By PR Newswire | Wednesday, June 29, 2022, 5:07 PM Asia/Singapore | PR Newswire
BANGKOK, June 29, 2022 /PRNewswire/ — The National Innovation Agency (Public Organization) or NIA, under the Ministry of Higher Education, Science, Research, and Innovation (MHESI), is hosting the STARTUP X INNOVATION THAILAND EXPO or SITE 2022, as an inspiration for reopening the city with innovation following the COVID-19 pandemic crisis. The event will underline the key role of Innovation Cities and opportunities to transform in better directions. The new governor of Bangkok Metropolitan Administration has been invited to share his visions of urban development with innovation. BMA has three clear policies of cooperation with NIA: 1) Guiding policies: Cities must not create burdens for later generations, 2) Inclusive: Innovation is not created just to address the issues and needs of a few particular groups, and all issues must be managed fairly, and 3) Fair & Empathy: Innovation must be fair. There is also continuation of policy to support 4 innovation districts under the operation of NIA: Phaet Yothi Innovation Zone (center for national medical and public health services), Punnawithi Innovation Zone (center for digital and lifestyle of young urbanites), Ari Innovation Zone (Ari 2025 Smart City), and Kluay Nam Thai Innovation Zone (innovation built on previous knowledge, creative ideas and digital).
NIA, Governor Chadchart, BMA underline the role of innovation for urban transformation SITE 2022 event for Metaverse innovation will connect global opportunities for Thailand
Dr. Pun-arj Chairatana, Executive Director of the National Innovation Agency (Public Organization) said that over the past two years, the world has not only been dealing with the COVID-19 pandemic, and vast changes impacting lifestyles, society, and the economy. There have been plenty of other crises challenging us to create new opportunities for Thailand, especially in innovation and tech, which are at the heart of enabling people to cope with situations more quickly. These transformations are also accelerators for which Thailand must prepare when reopening post-COVID. The reopening is reconnecting Thailand with the rest of the world in various enterprises as normal.
“This is the background to organize STARTUP X INNOVATION THAILAND EXPO or SITE 2022 under the main topic of “Innovation City”, under the concept of “Reconnecting the World” in a hybrid of the virtual world in the Metaverse and the physical world. This will show the world that Thailand is a country of innovation with its own distinctive strengths and identity at play in innovating to level up local people’s quality of life. Bangkok is ready to connect with Innovation Cities around the world in strong economic partnerships. Together we will recover and stimulate international economic growth. There is another mission of creating a venue to showcase the potential of “Thai innovation”, creating new inspirations which respond to the challenges of Thai people’s needs, which can be extended in many dimensions. We are also underlining the importance of “Innovation Ambassadors”, a framework of promoting exchange and sharing knowledge between startups, innovation entrepreneurs and large enterprises. This is to build an international network of business and innovation cooperation in ASEAN and with other international partners to support international economic growth, including with member countries of the Asia-Pacific Economic Cooperation or APEC, for whose meeting Thailand is honored to be the host this year.”
Assoc Prof Chadchart Sittipunt, the Governor of Bangkok, disclosed that the challenges of NIA to transform Bangkok into “Innovation City”, were about concretely addressing inequality issues, and not limiting innovation only to technology. BMA has three policy guidelines for joint operations with NIA: 1) Guiding Policies, Cities must not create burdens for later generations, such as waste disposal by landfill which waste disposal that will be a burden in the future. Real problems must be attacked with innovation to solve them, 2) Inclusive, Innovation is not created just to address the issues and needs of a few particular groups, and all issues must be managed fairly, and 3) Fair & Empathy, Innovation must have fairness and understanding, which is not different from innovating for fairness. For instance, many areas of Bangkok face the issue of many people building houses along the banks of canals. Evicting them from that space is not the way to solve the problem. The real solution understands the lives of this group of people and is fair to them. The government must address this issue by building good housing for this group of people to move into. However, it is also important to give people an image to understand the word “innovation” more clearly. Previously, people have been narrowly defining technology, high tech and startups, when in fact, it is not always like this. There are simple innovations in which ideas are the answer to add value for all stakeholders in society. It also helps to improve people’s thinking processes, and gives opportunities for everybody to participate in innovation.
“In the past, when the public made a complaint, it was in the form of paper documents or letters going through a process of actions ordered by rank. Thus it took months to remedy a problem. However, when BMA switched to the “Traffy Fondue” platform, an incredible innovation enabling the public to make complaints, where the responsible district office is notified and takes immediate action. On the first day I became governor, over 20,000 complaints were made, and we have now taken a total of 40,000 complaints. Over 5,000 of these have already been addressed, with no need to wait for orders from the BMA Governor. We can use this data for the appraisal of civil servants’ work. It is a fine example illustrating that simple innovation can change the city overnight and give the civil service more enthusiasm for their work.”
Assoc Prof Dr Chadchart concluded that BMA is ready to fully support the work of NIA as a facilitator in this field, because BMA is not expert in innovation. BMA must rely on the knowledge of pertinent expert agencies such as NIA or the private sector, who have knowledge of both the needs and categories of technology, and are able to think outside the box to design innovation meeting people’s needs. Apart from this, BMA is also ready to support the four Innovation Zones being supported by NIA. When all parties can cooperate, Thailand can become a “Global Innovation City” of the future.
By CybersecAsia editors | Thursday, June 23, 2022, 9:20 AM Asia/Singapore | Identity Theft & Online Fraud, News, Newsletter
According to one global survey, the region had a 6% higher incidence rate than the global average …Read More
By PR Newswire | Thursday, June 16, 2022, 8:07 AM Asia/Singapore | PR Newswire
SINGAPORE, June 14, 2022 /PRNewswire/ — EDNS proudly announces the beta release of EDNS Message, a feature on top of EDNS Platform that integrates Mobile messages into Web 3.0 technology. This feature is the first ever in the blockchain market to connect Web 3.0 with traditional telecom services as a way to protect the transaction security of digital assets.
EDNS is a EVM-based blockchain solution for name and lookup service. It allows blockchain users to translate their machine-readable addresses to human-readable addresses. It provides a Decentralized Domain Naming Service for Web3.0-related demands, including digital Wallet, Web hosting, Web3.0 ID in the Digital world. Moreover, to serve a wider range of users, EDNS will expand to support more blockchains, and ultimately become a multichain platform.
The current issue we are facing
The digital wallets in the market only allow peer-to-peer transactions based on public addresses that are pseudo-anonymous, users can not tell who initiates it or who the recipient is. Nor can they communicate with the recipient of that transaction.
Now that’s where EDNS comes in.
EDNS is here to solve with EDNS Message
The EDNS Platform powered by EDNS, which allows users to create a universal nickname for all their public addresses and decentralized websites, launched on Apr 12th, 2022. With an ambition to bridge the gap between Web 2.0 and Web 3.0, EDNS has achieved several milestones including the success of rolling out the beta release of EDNS Message.
Being the first of its kind in the Web3.0 space, EDNS Message comes with a unique feature that makes domain-to-mobile communication come true, which brings back telecommunication to the contemporary Web 3.0. This function is convenient and secure in that users can now send messages to each other within EDNS networks freely through their registered domain and phone number.
Use case: two-factor authentication
EDNS Message tackles the issue lurking in existing decentralized solutions – wallet transactions fail to determine the identity of the recipient, which easily causes wrong transactions or even funds to be stolen. With your phone number associated with the system, EDNS Message can secure wallet access and transaction confirmation by verifying through messages received by the user as a two-factor authentication step.
EDNS Message Public Test
EDNS has launched the EDNS Message Public Test Campaign to encourage users to try out this function recently. Interested users can now follow EDNS’ official channels for more information.
In the meantime, EDNS CEO Ms. Joey Lam showcased her excitement about EDNS Message beta release saying, “the EDNS team is privileged to help the world match towards the Web 3.0 horizon with state-of-the-art technology. ” She added, “EDNS Message will create a unique user experience in Web 3.0 with their digital asset transaction safeguarded by ENDS technology.”
What’s next at EDNS?
EDNS has more features in the pipeline that will significantly enhance web security and digital asset protection to realize its goal of bringing to the market the best-decentralized scaling solution for Web 3.0 in the domain frontier. EDNS will also provide decentralized storage, decentralized Web Hosting, and Web building services that push Web 2.0 towards a truly decentralized future.
Follow EDNS for our latest updates and announcements: