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Head of cybersecurity department of US Wish company talks about strategy, security technologies (Interview)

ICT Materials 11 March 2020 15:26 (UTC +04:00)
Head of cybersecurity department of US Wish company talks about strategy, security technologies (Interview)

BAKU, Azerbaijan, March 11

By Nargiz Ismayilova – Trend:

The US Wish company aims to use as many specialized provider services to ensure payment security as possible, Head of the cybersecurity department of the US Wish company with the headquarters in California Rauf Guliyev said in an interview with Trend.

Guliyev was speaking about cyber security measures, strategies in this sphere, security technologies and internal cyber threats.

“The risks associated with financial activity are managed through outsourcing, especially in small companies,” head of the department said. “For example, there is such PayPal company that specializes in electronic payments. We entrusted PayPal company to deal with the issues related to the electronic payments.”

“This allows focusing on important features - that is, on electronic commerce,” Guliyev said. “At the same time, one must not worry about the security of data and channels as PayPal renders this service.”

“Of course, PayPal takes a certain fee for this,” head of the department added. “In this regard, it is necessary to use the services of several different providers that render payment services. It is possible to use the services of all three providers by using monitoring and automation systems to switch between them depending on certain conditions."

“As for the security issues, they have an automated system for detecting anomalies, a monitoring and alerting system,” head of the department added. “We use machine learning (a set of methods for using artificial intelligence, the characteristic feature of which is the training in the process of applying solutions to many similar problems, rather than a direct solution to a problem) and all these technologies to ensure the most effective detection and elimination of problems related to cybersecurity.”

“The most important rule is to store as little data as possible, which may be stolen when it comes to user data,” Guliyev said.

“Some companies prefer not to store data about bank cards, that is, they are transferred to the companies that make payments,” head of the department said. “If a big company must conduct a big number of payments, then it simply creates a small company for itself that renders services related to its payments.”

“But in general, when we talk about electronic card transactions, companies such as PayPal provide the companies dealing with e-commerce with the so-called token, which is not cryptocurrency and is designed to show a digital balance in a certain asset, in other words, is acting as a “money substitute” in the digital world,” head of the department added.

“The token is not linked to a credit card,” Guliyev said. “In case of cyber threats, this creates conditions for data protection. The company dealing with e-commerce only stores the basic data of users.”

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