Nexusguard opens DDoS mitigation centre in Singapore

by

12 February 2015
DDOS mitigation centre

Nexusguard, a distributed denial of service (DDoS) security solutions company, has announced the opening of additional offices in Singapore and London. The Singapore office, the company said, will join the company’s Hong Kong office in bolstering regional support for Asian customers, while the London office is the first in a planned network roll out across Europe. This double opening of offices in Asia and Europe follows the announcement of Nexusguard’s recently opened headquarters in San Francisco to serve customers in the Americas.

“The Internet offers significant opportunities for organisations that want to thrive and grow in a digital environment, yet the risk of exposure to these types of attacks is more daunting now,” explained Jolene Lee, Nexusguard’s chief executive officer. “DDoS attacks are one of the most financially potent cyber-threats an organisation can face and can shut down operations for days, costing millions of dollars and inflicting an unforgettable scar on a company’s reputation.”

According to Nexusguard, the protections offered by Nexusguard can be deployed globally, but its highly tailored white-glove solutions work best with a strong regional presence such as the new offices in Singapore and London. The company said attack traffic targeting clients in the United Kingdom or Singapore will now be managed at these sites, connected to Nexusguard global network, allowing attacks to be mitigated closer to the country of origin.

“Our customers in and around the financial capitals of London and Singapore are at high risk of cyberattack, so those cities were obvious destinations for our next stage of expansion,” said Bill Barry, EVP of global strategy at Nexusguard.

As the internet continues to be a growing presence in our digital lives, infiltrating everyday devices like medical devices, home security systems, TVs, GPS and smart watches, said Nexusguard, the potential attack surface for DDoS attacks, sometimes combined with infiltration attempts, grows exponentially. The Internet of Things (IoT) is becoming a soft target for cyber-attacks, according to the company’s 2015 Internet Security Trend report.

By its very design, the Internet of Things is built with lightweight security, explained Terrence Gareau, Chief Scientist, Nexusguard. These devices rely heavily on shared libraries and a rapid development cycle, he said. “Because of their constraints, many IoT devices have limited options for firmware upgrades and other risk management features. The fact that they are also “always-online” makes them highly susceptible to intrusion and attacks.”

Gareau also added that with the Internet of Things, people are posting personal or commercially sensitive information. “It’s a very complex question how people are going to secure that data, especially with increasingly sophisticated attacks. Furthermore, hackers may be incentivised to infect IoT devices and use them as an army for botnet attacks. Additionally, the smokescreen of DDoS attacks used for covering up data exfiltration, market manipulation and extortion, are ever more present.”

A single attack can cost an organisation from US$52,000 to US$52 million from the loss of contracts, damage to reputation, damage to stock price, damage to credit rating and increased insurance premiums, explained Barry. “With an ecosystem of still-developing protocols, a mass attack could be devastating to an individual user or an entire enterprise,” he said.