[ISN] Cyber Espionage in Georgian Businesses

http://finchannel.com/Main_News/Tech/81378_Cyber_Espionage_in_Georgian_Businesses/

By Nino Burjanadze
The FINANCIAL
21/02/2011

“The frequency of cyber espionage in the banking sector of Georgia has 
increased, parallel to the increase in competition,” said Lasha 
Pataraia, Director of the Information Security Studies and Analysis 
Centre, an NGO working on analyzing cyber security issues in Georgia. 
Because of the low salaries in some of the banks, some employees do 
corporate espionage for their own private profit. The banks try not to 
divulge these facts, because it damages their reputation.

Based on an anonymous source, with whom The FINANCIAL spoke last week, 
KorStandard Bank is one of the victims targeted by cyber spies. Vaghtang 
Kuprashvili, head of the IT department of KSB denied the existence of 
corporate espionage at the Bank and said that the Bank is implementing 
all international standards for cyber security.

As Pataraia explained corporate espionage is an issue for all banks who 
have a large client base and turnover. Modern technologies were already 
adopted in the banking sector long ago, but they are currently 
establishing new technologies of an automatic leading system in the 
state sector. Most popular among big companies and state organizations 
is the ERP system, which gives the absolute possibility to do massive 
automatisation and save human resources.

“Due to the automatisation processes cyber espionage does not only exist 
in our country, but is at this time more active than ever. This is a 
companion and parallel process of technology development,” noted Lasha 
Pataraia

[...]


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