Infoblox Inc. makes several announcements as the company takes a strong position on why networking and security teams must join forces in the fight against cybercrime. New critical security features and a refreshed brand identity reflect the company’s strategy, confidence and business focus, empowering customers to detect and respond to critical threats to help their businesses thrive.
“Infoblox is the only company that can provide real-time visibility and control over who and what connects across networks and multi-cloud environments to help customers build safer, more resilient environments,” said Scott Harrell, CEO and President, Infoblox. “By bringing NetOps and SecOps teams together with shared visibility, data context, automation and control, they can prevent malware communications and pinpoint the source of threats, taking the performance and protection to new heights,” he added.
Phishing and email scams remain rampant in Singapore’s cybercrime landscape. 69% of Singapore organisations identified phishing as a top attack vector. In response to this, Infoblox will launch its new Lookalike Domain Monitoring capability. This feature can detect websites trying to mimic identities of company brands, which is becoming increasingly common as a means to deceive partners and customers.
Singapore organisations stepped up cybersecurity capabilities, yet remained concerned
Businesses today are increasingly adopting hybrid and multi-cloud environments to stay competitive, creating additional complexity and expanding attack surfaces. Not surprisingly, 64% of Singapore organisations have suffered at least one data breach in the last 12 months with an estimated average value of SGD2.4M loss due to these breaches, according to Infoblox’s 2023 Global State of Cybersecurity report by CyberRisk Alliance.
In Singapore, more organisations have accelerated digital transformations (57%) to support remote working, according to the report. To mitigate the increased risk to their networks, 66% of organisations added VPNs and firewalls, and are also reporting quicker reaction times to threats – 73% take up to 24 hours to investigate a threat in 2022, an improvement from just 49% in the previous year.
Today’s challenging environment and corresponding changes in digital habits have left many systems—and users—exposed. This corresponds to the report finding that 75% of Singapore organisations are expecting bigger security budgets in 2023 to combat known and new threats, an increase from the 68% of organisations that have already expanded their security budgets in 2022.
However, while organisations are recognising the crucial need to upgrade their cybersecurity infrastructure, they still feel unprepared to defend their networks against insider threats (18%), data leakage (13%) and ransomware (12%), especially as such threats are growing in sophistication and frequency.
Enhancing BloxOne® Threat Defense with new Lookalike Domain Monitoring and more
Infoblox’s new Lookalike Domain Monitoring capability identifies sites attempting to impersonate company brands that are increasingly used to deceive partners and customers with phishing, malvertising and similar attacks. This comes just after introducing Infoblox’s new emerging threat intelligence feeds that provide indicators of malicious intent to stop attacks before they happen. With these enhancements, Infoblox delivers a better and safer customer experience.
Infoblox analyses over 70 billion DNS queries a day. In a new lookalike domain report, to be released at RSAC 2023, Infoblox demonstrates that while the use of lookalike domains by malicious actors continues to persist, the techniques have substantially advanced in 2022, targeting every sector, playing a key role in complex cyberattacks such as those used to bypass multi-factor authentication (MFA) measures.
“As a best-of-breed DNS layer security solution provider, Infoblox continues to pioneer advancements in the use of DNS as a source of unique threat intelligence and as a powerful enforcement point,” said Harrell. “We are the first and only DNS Security vendor to protect against the use of lookalike domains by attackers. These attacks are increasing in sophistication and prevalence, making specialised solutions not just nice to have, but necessary to secure enterprises and their users,” he added.
In a world that never stops, Infoblox is focused on helping customers build more responsive networks to keep up with the pace of digital transformation, detect hidden threats and stop attacks earlier, powering security services with context-rich network intelligence.
“Singapore has made tremendous progress in creating a more resilient cyber landscape and the steps businesses have taken are in line with recommendations by the Cyber Security Agency of Singapore and interagency Counter Ransomware Task Force. However, as the digital revolution continues to gain momentum, responsive and reliable networks will be crucial to prevent sensitive data from falling into the wrong hands. Uniting network and security will enable businesses to create better visibility of their networks 24/7, detect critical threats in advance, and better prepare them for an ever-changing cyber landscape,” said Jeff Castillo, Senior Regional Director, Southeast Asia, Infoblox.
Castillo adds, “We want to help security professionals discover the most pressing network performance and protection issues and enable them with the right tools to secure networks from ever-evolving, fast-moving cyber threats. With the return of face-to-face events, we hope to do this through our annual cyber security event, Infoblox Exchange, that is coming to Singapore on 19th May 2023.”
Infoblox’s cloud-first, consultative approach provides customers with specific solutions and actions to help them build more resilient networks and stop critical threats sooner, based on their unique business needs. For more information visit infoblox.com.
