Exclusive Interview with Business Mirror
Credits to Oliver Samson
FOLLOWING electronic commerce (e-commerce) adoption growth in the country, a locally developed security solution was recently launched by an all-Filipino security company.
Known as WebRanger, the security solution provides company web sites with proactive safeguard from threats 24/7, Pandora Security Labs Inc. CEO Isaac Sabas told the BusinessMirror on October 31.
The WebRanger binds a Web application firewall (WAF), a security information and event manager (Siem) and a security operations center (SOC) to secure a web site, Sabas explained.
Through its WAF, which is application-based, the WebRanger identifies and blocks attacks and picks up and correlates threat analysis with SIEM, Sabas said.
The solution’s SOC component, which is a group of security analysts and engineers, operates round-the-clock to monitor web site traffic and conduct immediate response to threats.
“WebRanger promises clients real-time detection of threats and proactive security, that is when we identify threats we block them for you,” Sabas said in an exclusive interview. Once a threat’s detected and blocked, the client is informed of the incidence in detail, including origin, technique and payload of the attack, at once, Sabas said. Attacks by individual hackers are traced to countries across the globe.
“Majority of threats are coming from countries like China, Romania and Germany.”
Most companies, particularly small and medium enterprise, do not realize the extent of impact once their web sites are compromised, according to Sabas.
“About 90 percent do not have security onboard.” Small companies are targets of attackers since they are assumed to have no capacity to invest on security, Sabas said.
“Attackers like to attack small companies,” he said. “Attackers think the smaller you are, the less secured you are.”
Once a web site is compromised, the attacker gets the chance to deface and steal clients’ sensitive personal information, resulting to company’s violation of data privacy law, Sabas said. When this happens the company’s reputation would sustain damage, he said. And when the company gets hacked, it may ship goods without getting corresponding payments, resulting in losses. Contrary, however, to common notion, online security is not expensive nor complex, Sabas noted. Companies could outsource security for $19 only a month.
In an earlier interview, Psupt. Elbert Pagente, a senior officer at the Philippine National Police – Anti-Cybercrime Group (PNP-ACG), confirmed mounting cybersecurity threats on Philippine-based companies. Angel Redoble, chairman of PNP-ACG national advisory group, also confirmed the same threats in a recent interview.
E-commerce local adoption growth rose to 28 percent from 2013 to 2015, contributing to the 5-percent ($4.2-trillion) global gross domestic product coming from e-commerce, according to a research that Sabas did not disclose who conducted.
For Gartner, more than 20 percent of enterprises by year-end 2017 will have digital risk services devoted to protecting business initiatives using devices and services in the Internet of Things.