With the BPO industry reportedly generating earnings of $6 billion a year and employing 600,000 Filipinos, Mr DuBois said, "the security of data is not only critical to the long-term survival of the sector, but would act as a business enabler..."
(PRWEB) April 9, 2010
Australia’s world-leading network security company, Senetas Corporation Limited (ASX:SEN) is now offering its high speed network encryption hardware to protect the Philippines government and financial institutions from major data loss.
Senetas’ globally accredited network encryption technology is now available in the Philippines under a new reseller agreement signed with Manila-based Infosight Solutions Corporation.
As one of Asia’s most popular business process outsourcing destinations, the Philippines is entrusted with sensitive data by major global corporations and often this data travels unencrypted across fibre optic links to Europe, the Americas and Australasia. Senetas CEO John DuBois said that the decision by Senetas to enter the local market with partner, Infosight, meant that organisations currently working in the BPO sector with vertical markets such as Healthcare, Insurance, Banking and Financial Services could ensure confidential business data and personally identifiable information remained secure in transit.
With the BPO industry reportedly generating earnings of $6 billion and employing 600,000 Filipinos, Mr DuBois said the security of data was not only critical to the long-term survival of the sector, but would act as a business enabler amid constant reports of breaches of bank data networks and ATM networks by cybercriminals.
He warned of the vulnerability of the popular fibre optic network cable which is used to carry the majority of global network data.
“These fibre networks are not secure, as we have demonstrated using a simple optical tapping device readily available on the internet. The quickest and most effective solution to prevent data loss is to encrypt critical data in motion over networks running between corporate head offices and their branch networks, plus data recovery and storage sites,” he said.
Immense information payloads (voice, video & data) now travel over millions of kilometres of fibre at up to 10 gigabits per second so massive data loss would be incurred even during a short data interception by hackers.
“Assuming the average size of a data packet is 6 Kb per personal record, network traffic travelling unencrypted at 10 Gigabits per second potentially puts 208,000 records at risk every second, and over a million every five seconds, or 12 million records a minute. End-to-end (E2E) encryption renders all information unintelligible, so hackers are thwarted should they try to intercept the network traffic,” Mr DuBois said.
Senetas, the world leader in encrypting high speed networks for high performance data security has had its encryption technology independently tested and accredited by the world’s leading agencies and now has the only dual accredited encryption hardware - certified to both FIPS 140-2 Level 3 and Common Criteria EAL4+.
During a recent visit to the Philippines Mr DuBois spoke to government agencies and financial institutions to explain how they could immediately secure the country’s backbone banking networks by encrypting all data in transmission, rendering it useless to any eavesdroppers.
Proof of Concept
Mr DuBois offered to provide encryptors for Proof-of-Concept (POC) testing by Filipino banks and government agencies during a series of high-level meetings in Manila during the visit.
Managing Director of Infosight Solutions Corporation, Agustin Estrada, said he had already commenced working with Senetas to identify potential clients for a POC of Senetas’ high speed network encryption technology.
Mr Estrada said, “The Philippines understands the importance of providing secure network infrastructure that enables organisations to safely conduct their regional and global business. Clearly it is in the interests of the Philippines to demonstrate this is a secure online business environment.
“In that way the country builds an economic hub based on trusted technology platforms secured by military-strength encryption,” he said.
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