Online threats stronger after $81-M cybertheft

Online security threats in the aftermath of the high-profile cybertheft of $81 million from the Bangladesh Bank have been rising in the Asia-Pacific region, cybersecurity firm Fortinet has said.

Fortinet said the country’s Information Technology Decision Makers (ITDMs) will have to adapt to the urgent need of responding rapidly and effectively to security breaches in both cloud and IT sys­tem.

Fortinet said a study it made revealed that the Asia Pacific (APAC) region’s cloud and IT systems as the two greatest concerns for vulnerability.

The Fortinet survey discovered a deficiency in rapid, effective threat identification.

The costs of this breach include sensitive data are lost, systems are compromised and brand reputation is damaged.“IT decision makers understandably want more resources to combat threats from all directions, but the answer doesn’t have to come in the form of spending more or ripping and replacing existing solu­tions,” the survey showed.

Fortinet’s open, adaptive security fabric shows how enterprises can achieve true end-to-end protection with security capabilities that share intelligence across the entire attack surface, it said.

“We are unique in providing the same breadth of capability and performance whether enterprises choose to retain in-house control of their own cybersecurity infrastructure, or use the services of an MSSP partner from our growing global community,” Jeff Castillo, Country Manager, Fortinet Philippines, said. RIZA LOZADA