HOW REMITSO MAINTAINS CYBER-SECURITY?
API security incidents are on the rise, approximately 94% of companies have experienced an API security incident in the past 12 months and 64% companies have delayed application rollouts as a direct result of API security and 55% companies discovered a vulnerability in an API in the last One Year.
API security is not the only challenge faced by companies that are operating online. Breach of data and trust is also a significant threat to companies that offer digital services to their clients. It genuinely doesn't matter if you are a big or small organization everyone is prone to such attacks. Furthermore such threats are not restricted to specific industries if you have a web presence you are vulnerable to intrusions attempts.
According to data shared by IBM security X-Force a significantly new number of vulnerabilities were discovered in between 2017 and 2021. According to industry estimates 4 out of 5 and vulnerabilities exploited in 2021 were new vulnerabilities. Over 50% of all cyber-attacks targeted small to medium sized enterprises and unfortunately 60% of those hacked shut shop within 6 months (Cybersecurity Ventures, 2021). DDoS attacks can affect up to 25% of the total internet traffic in the country and is expected to reach 14.5 million by the end of 2022 (Cisco,2019).
HOW DOES REMITSO’S INTELLIGENT CYBER-SECURITY SYSTEM RESPOND TO SEARCH CYBER THREATS?
RemitSo has strategic partnership with intelligent Web Application Firewall providers that use machine learning and artificial intelligence to anticipate and respond to attacks in real time. It deduces pattern from traffic logs and more data sources and learns behaviours of cyber criminals to make cyber security simple and effective.
OUR INTELLIGENT CYBER THREAT MANAGEMENT SYSTEM WORKS ON THE FOLLOWING PRINCIPLES.
1. It is cloud native
2. Based on AI/ML threat profiling
3. Deploys threat intelligence
4. Easy to deploy.
To know more about RemitSo’s features, please feel free get in touch with us.
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The implementation of the Payment Services Directive 2 (PSD2) by the Council of the European Union in late 2015 has brought about the equitable treatment of Third Party Providers (TPPs), granting them assured technical access to the Banking Payment Systems.