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Singapore’s SecureAge eyes US market
The Singapore-based supplier of encryption and anti-malware tools has set up a new office in Greater Washington, DC as the next logical step in its global expansion plan
Singapore’s homegrown cyber security company SecureAge has opened an office in the Greater Washington, DC area in a bid to tap growing business opportunities in the US.
Staffed by an engineer and SecureAge chief operating officer Jerry Ray, the new outfit will provide government, enterprises and consumers with SecureAge’s file-level encryption tool for data at rest and in motion.
Called SecureData, the tool automatically encrypts data in files and folders at their inception using public key infrastructure without user deliberation, action or disruption.
It also comes with integrated application whitelisting and application binding features that will combat viruses, malware, zero-day attacks and advanced persistent threats that could lead to data breaches.
SecureAge’s founder and CEO Ngair Teow-Hin said the US is the “logical next step” in the company’s expansion, and that SecureData’s ability to protect information at rest or in-motion has been proven by customers including the Singapore government and military.
Elsewhere in Asia, SecureData is also being used by government offices in Tokyo and Hong Kong to prevent sensitive, top-secret data from being stolen by intruders and malicious insiders, Ngair added.
Besides SecureData, the company is also making SecureAPlus, its cloud-based anti-malware tool, available to US businesses and consumers. The software uses an artificial intelligence engine to provide endpoint security and guard against fileless malware attacks, among other capabilities.
The US is expected to be a lucrative market for SecureAge, which noted that data breaches had cost US firms an average of $7.9m in 2018, making reliable security solutions table-stakes for companies trying to protect themselves and their data.
To assuage national security concerns that US government customers may have over foreign security products, Ray said SecureAge allows its source code to be reviewed by customers, who can “not only review the source code on their premises or ours alongside of our developers, but they can also make their own modifications and create their own, customised version of our products”.
The company has also structured its software such that encryption algorithms may be discarded or added, including indigenous algorithms that militaries or government agencies may develop.
“We only pre-install algorithms that have become global standards through rigorous multi-round peer reviews, such as AES 256,” Ray said.
Ray said the launch of the US office is being undertaken with a partner company that has dedicated sales staff, as well as pre-sales and support engineers currently training on SecureAge products.
“Along with direct sales, they will work through their own resellers to identify and certify resellers nationwide while also providing a support function,” he added.
SecureAge is also looking at CTO candidates throughout 2020 who can help to establish R&D capabilities in addition to those currently in Singapore and Ho Chi Minh City in Vietnam.
Read more about cyber security in APAC
- A Russian-speaking APT group has extended its reach into Asia-Pacific, taking off with millions of dollars of stolen funds from banks in the region.
- A renowned ethical hacker in Malaysia has called for more nations to support the Paris Call for Trust and Security in Cyberspace to counter the threat of cyber warfare.
- A team of University of Melbourne researchers has been able to re-identify individuals from a public transport dataset, raising serious privacy, safety and security issues.
- While Australian businesses should avoid going into checkbox compliance mode, the constant flux of regulations on cyber security and privacy has led to calls for more legislative coherence from regulators.
