IP Converge Data Services, Inc. (IPC), a subsidiary of ePLDT Inc., has partnered with Continent 8 Technologies, a global ICT firm with offices in Europe and North America, on Tuesday to strengthen the fight against cyberattacks in the country.
“With Continent 8’s industry-leading services spanning the globe, and IPC’s local market coverage and expertise in cloud, data center, and DDoS [distributed denial of service]mitigation services, this partnership will offer Philippine enterprises highly sophisticated yet easy to deploy security solutions with truly localized support,” IPC chief operating officer David de Leon said in a press briefing in Makati.
Both firms stressed the importance of raising awareness about cyberattacks, noting the recent WannaCry ransomware issue and disclosing that the most commonly used attack in the cyberworld is DDoS, which “denies service or renders a company’s website and servers inaccessible to users by flooding it with large volumes of malicious traffic.”
Hackers use this to extort, for revenge, competition, diversion, and politics. It is also said that government agencies, banks and financial institutions and even online gaming sites are vulnerable to such an attack.
According to the latest report from Juniper Research, cybercrimes around the world could reach an estimated $2.1 trillion in 2019 even with rapid digitization in consumer and enterprise transactions.
“It’s very important that we employ the same skills, experience, and technology to combat every threat. Using the same level of expertise, we are able to combat this threat more effectively,” De Leon said.
Continent 8 chief development officer Nick Nally said the partnership will help strengthen the network and the local business industry as it gives better DDoS prevention.
“With nearly 20 years of experience and operations, we have built a global reputation for service excellence…By partnering with IPC, we bring to the table advanced DDoS mitigation services to Philippine enterprises, especially now that cybercriminals are becoming bolder in their attacks,” Continent 8 co-founder and chief executive officer Michael Tobin said.