Pulse
LATAM MARKET CONTINENT 8 TECHNOLOGIES
How has Continent 8 developed its cloud platform and security services to counter this increased cyberthreat?
We’re always enhancing our cybersecurity solutions to align with the ever-changing threat landscape – for example, we have added SIEM/SOC to our product suite. Tis and more are offered to customers via our Security division which is led by security veterans Patrick Gardner and Leon Allen, who work with their teams to deliver a multi-vendor threat solution with 24/7 response to companies operating in the gaming industry.
Our industry-leading Public Cloud also comes with DdoS protection as standard, and our recently-launched Gaming Exchange allows customers to communicate directly over a private internet that is protected by Continent 8 and is out of reach for attackers.
In your presentation at the Summit, you discussed the importance of a multi-layered approach. What is a multi-layered approach, and why is it significant?
A multi-layered approach to cybersecurity uses different solutions to protect specific areas of the business and information assets. Ultimately, the only way to successfully mitigate the risk of falling victim to a cyber attack is to take a multi-layered approach to security as it ensures each defensive component in place is not the only measure protecting that area of the business or information asset.
To establish a multi-layered approach, the first step should be to identify the business’ ‘crown jewels’ and to ensure they are appropriately protected. Protection should cover the data, endpoints, applications and network layers of the business to protect against the different types of threats. Te defences, such as DDoS, WAAP, SIEM/SOC and EDR/MDR, then operate together to protect the organisation.
What types of attacks are prominent in Latin America, and where are they mostly centred?
Latin America is no different to other regions when it comes to the types of cyber attacks organisations can be hit with. DDoS, Ransomware, Malware and Phishing are incredibly common, but companies must also be aware of things like cross-site scripting.
Te region itself is a bit of a hotbed for cybercrime right now – in the first half of 2020, Latin America recorded the world’s highest cyber attack rates with nearly three times as many attacks via mobile browsers as the global average. From Costa Rica to Argentina via Brazil and Colombia, each market has plenty of examples of businesses of all sizes big successfully targeted.
P96 WIRE / PULSE / INSIGHT / REPORTS
To establish a multi-layered approach, the first step should be to identify the business’
‘crown jewels’ and to ensure they are appropriately
protected. Protection should cover the data, endpoints,
applications and network layers of the business to protect against the different types of threats. The defences, such as DDoS, WAAP, SIEM/SOC and EDR/MDR, then operate together to protect the organisation.
Can you share any examples of online gaming businesses that haven’t properly protected themselves from cyberthreats, and the impact they have had on business?
It’s not really appropriate to publicly highlight weaknesses in a company’s cybersecurity protocols and processes, but what I can talk about is the impact that a successful cyber attack can have on a business. IBM’s latest data report shows that the global average cost of data breaches amounted to $4.35m in 2022, a sizable increase from 2021.
But that’s just the financial impact, and businesses must also factor in operational costs as well as the damage a successful attack can have on their reputation. Both of these are hard to quantify but absolutely can be felt by the business.
What impact is legislation and regulation having on cybersecurity in Latin America? Are the opinions of executives and legislators taking security seriously enough?
I think that regulators are increasingly aware of cyber threats and the need to factor this into their frameworks. Continent 8 works very closely with regulators in new and emerging markets to help them better understand the cyber threat landscape and what they can and should include in their requirements to ensure that all businesses as well as consumers are protected.
Tis includes things like firewalls, DDoS attack prevention systems and the monitoring of and direct access to data banks. It also helps to have a list of three to four accredited network and
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