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Businesses warned: Cybercrime attacks have evolved

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Fortinet's Director of Marketing warned businesses at the annual Fortinet 361° Security press conference at the Grand Hyatt in BGC, Taguig last Wednesday to take urgent precautionary measures to protect their system because cybercrime attacks have already evolved. 

businesses warned: cybercrime  attacks have evolved
Director of Marketing Fortinet Southeast Asia and Hong Kong, Matthew Kuan (left) and Country Manager Fortinet Philippines, Louie Castañeda (right) are shown during Fortinet’s 361° Security press conference last Wednesday.  

“They have evolved. They are becoming more complex in terms of how they adapt to technology and the cybercrimes they are conducting as well,” Director of Marketing Fortinet Southeast Asia and Hong Kong, Matthew Kuan said. 

He emphasized that business organizations should feel a sense of urgency because businesses whether big or small can become a victim of cybercrime attacks. 

“They always have this false belief that I don’t think I am a target. It comes to any organizations out there, whether big or small,” Kuan said.

The latest data released by Fortinet Inc. showed that 51 percent of enterprises have been breached in the past 12 months. 

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Since 2012, Fortinet’s ML/AI Malware Analysis have kept cyber attacks at bay with its AI-powered system called Fortinet 3rd Gen Immune System. 

The 3rd Gen Immune System leverages machine learning and artificial intelligence to prevent, detect, and mitigate cyber attacks.

It has three processes namely web traffic analysis, malware detections, and user and entity behavior analytics (UEBA) to ensure an all-around security. 

“We stopped 57,000 Botnet C&C attempts per minute,” Kuan said. “That’s the kind of AI we deliver to our own clients today.”

The high-level security that Fortinet offers to its 400,000 customers worldwide made them NSS Labs’ most validated company with a total of nine recommendations followed only by Palo Alto Networks and Cisco with four and two respectively. 

When Fortinet launched its AI technology last 2012, it has only 12 partners and in 2019 it grew exponentially to 57.

“When we started about 2012, we only have 12 partners. But now it has gone up to 57 and counting,” said Country Manager Fortinet Philippines, Louie Castañeda. 

In a data released by Frost & Sullivan, Fortinet is the leading cybersecurity vendor in the first quarter of 2019 with 23 percent, followed by Palo Alto Networks with 17 percent. 

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