Cybersecurity strategies must include early detection systems
Vigilance and early detection is the key to keeping a business’s data secure from cyber criminals is the message from F-Secure Corporation’s new CEO, Samu Konttinen.
F-Secure is positioned as a visionary in Gartner’s 2016 Magic Quadrant for Endpoint Protection Platforms. The company has also set up its Cybersecurity hub for the Asian region in Bangsar South. The facility is the base for more than 170 research and development engineers and is its only security lab outside of Finland.
During his address to the press, Konttinen added that cybersecurity is one of the five biggest risks faced by organisations. “CEOs don’t understand cybersecurity risks,” stated Konttinen adding that when a company gets into trouble after a breach, it’s the CEOs that get the sack.
CEOs are misled about their state of security because there is a big disparity between what IT managers believe to be the state of preparedness to fend off cyber attacks and actual fact.
“IT managers don’t only look after security. They have many other things to do. It may be difficult to keep up…they don’t have an unlimited budget either to prevent attacks,” said Konttinen adding that IT managers did their best given the resources they had.
“It comes down to having the right balance of risks,” he stated.
He added that after an attack occured, an average company takes 200 days to identify a breach. “35 percent of attacks go unnoticed forever,” he stated.
He added that endpoint detection systems that use behavior detection are ideal for detecting breaches quickly and minimising loss of data. F-Secure’s endpoint protection platform employs sensors around the network and its endpoints, which monitors and detects anomalous behaviour patterns.
When such behaviour is detected the company is alerted by F-Secure’s engineers and steps can be taken to prevent the perpetrators from penetrating further into the network.
F-Secure is in the process of planning its local offering for it’s endpoint protection solution and exact pricing will be available closer to the launch in 2017.
In 2015, F-Secure officially launched its Protection Service for Business (PSB) suite in Malaysia. This cloud-based platform offers companies the edge they require to be more productive while being cost-efficient. It’s a comprehensive turn-key protection suite for multi-device settings and offers security and valueadded features.
The Malaysian market is also seen to be a good fit for F-Secure’s full portfolio of onpremise solutions for banks and insurance companies.
F-Secure was a pioneer of the “software as a service” (SaaS) business model in the industry. Through leveraging on the SaaS model to SMBs, F-Secure ensures that businesses can concentrate on their core competencies.
“As rapidly as threats are evolving today, businesses won’t be able to cope with security and it is best left to experts who have dedicated their lives to the field. It would be prudent for businesses to concentrate on what they do best,” said Konttinen.
F-Secure also used this opportunity to announce the 19th International Conference for Anti-virus Asia Researchers (AVAR) that will take place at the end of November. Top anti virus experts will share their insights about anti virus software and systems during the event, that is being held at the Grand Hyatt Kuala Lumpur between 30 November to 2 December.