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Indian websites saw 261% rise in cyberattacks in Q1 CY24: Report
Indusface a leading application security company, today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This partnership will provide a disruptive and affordable managed Web Application and API Protection (WAAP) platform, AppTrana MSP Edition, to the Small and Medium Enterprises (SMEs) in North America. AppTrana MSP Edition is a fully managed unified platform to discover, protect, and monitor internet facing websites & APIs in real time and provide protection against hackers. TD SYNNEX and Indusface will take this to the market through managed service providers.
The video provides an insight into the surge of #DDoS and #botattacks and their impact on industries such as #healthcare, #banking, and #insurance.
Indusface announced the appointment of seasoned cybersecurity expert Tanuj Gulati to its Board. Tanuj's appointment comes at a time when the company has announced its US office headquarters in Dallas. Venkatesh Sundar, Founder, will now lead the US expansion. Last year, he had relocated to Dallas, Texas. Tanuj has over 20 years of experience in starting and operating cybersecurity companies to market-leading success. He co-founded Securonix, a company that pioneered User and Entity Behaviour Analytics (UEBA) and is an established leader in the Security Information and Event Management (SIEM) category. As the CTO of Securonix, Tanuj released multiple market-leading products and led the company to over $100 million ARR and over a billion-dollar valuation. Indusface will leverage Tanuj's vast experience in building a successful go-to-market strategy for the Americas as well as strengthening its product positioning.
Indusface has found over 1.6 billion cyberattacks in India in the second quarter ended September 30, 2023, showing an increase of 70 per cent over the previous quarter. “All of the healthcare sites and over 90 per cent of banking and insurance sites witnessed a bot attack during the quarter,” it said in a report on cyberattacks in the quarter. There is a huge surge in DDoS attacks too. The report found that DDoS attacks were carried out from 8 million unique IPs for 14 days. The DDoS attack traffic ranged from 3,000-14,000 times more than the usual daily traffic on the target sites,” he said. A Distributed Denial of Service (DDoS) is an attack where cybercriminals significantly increase traffic to the target website using an army of the compromised computers in order to deny service to the regular visitors to a site. This makes the website unavailable to the user, causing losses to the service provider.
Indusface has announced the release of a rapid security compliance solution, SwyftComply. The solution will enable security leaders to provide a clean, zero-vulnerability report for compliance within 72 hours, the company said. Developers are increasingly adopting the agile methodology and incorporating free and open-source software. This leads to more open vulnerabilities, many of which cannot be protected on time as the patch is not readily available. According to studies by Indusface, 31% of vulnerabilities remained open even after 180 days. In such a case, providing a clean report during security audits is a major challenge for security teams. SwyftComply will help security teams shrink the windows of vulnerability from more than 180 days to three days, Indusface said.
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Tech Times has named Indusface as one of the "One of the Best Web Application Firewalls in 2023." It's just the second month of the year, and we are already on a roll! Indusface takes pride in being the best & providing world-class Application Security products to its customers.
