Crypto-currencies’ risks addressed at annual OIC-CERT cybersecurity drill

MUSCAT: The Oman Computer Emergency Readiness Team (OCERT) at the Information Technology Authority hosted and organised the annual Organization of Islamic Cooperation (OIC-CERT) cybersecurity drill. The drill addresses Crypto-currencies risks and emerging threats and is conducted online. The annual drill aims to test the communication capabilities of the OIC-CERT member countries, check the processes and procedures in managing contingencies test the technical competencies of participating teams; and simulate cross border cooperation in mitigating information security incidents.

This year 15 countries are participating in the drill including, Egypt, Indonesia, Malaysia. Morocco, Bangladesh, Nigeria, Pakistan, Tunisia, Sudan, Sri Lanka, UAE, India and Taiwan. OIC-CERT annual drill comes in line with the latest developments in the digital currency and the risks and threats surrounding it.  The exercise simulates the attack of networks and systems of financial institutions to exploit the possibilities of these networks and systems to issue new digital currencies. The teams participate in the search process to investigate the type and source of the hacking process of those networks and systems.

The Organization of Islamic Cooperation (OIC) is the second largest intergovernmental organisation after the United Nations, with 57 member states on four continents. OIC-CERT provides a platform for member countries to explore and to develop collaborative initiatives and possible partnerships in matters pertaining to cyber- security.