ASX-listed security vendor Senetas (ASX:SEN) has launched into the Philippines, via Manilla-based partner Infosight Solutions, banking that the country’s Government and financial institutions will agree on the need for greater network encryption.
“As one of Asia’s most popular business process outsourcing destinations, the Philipines is entrusted with sensitive date by major global corporations and often this data travels unencrypted across fibre optic links to Europe, the Americas and Australasia,” the company said in an ASX statement.
According to Senetas CEO John DuBois, data security was critical to the long term survival of the Philipine’s BPO industry. He also stressed the vulnerability of fibre-optic cables.
“These fibre networks are not secure, as we have demonstrated using a simple optical tapping device readily available on the Internet,” he said in the statement.
Senetas is currently providing proof of concept encryptors to Filipino banks and government agencies in an effort to convince them of the strength of the company’s technology.
In January Senetas appointed Teleconsult to take the company’s products into Singapore, Indonesia, Malaysia and Brunei Darussalam.