In a groundbreaking move, Exire Technologies (Pvt) Ltd., a subsidiary of Shifting Lifestyles Pvt. Ltd, has launched NetSHIELD, the world’s first breach prevention security technology of SnoopWall Inc; a US-based company delivering a suite of products from enterprise to endpoint, protecting all computing devices, networks from prying eyes and new threats through patented cloaking technology.
SnoopWall’s NetSHIELD was featured in Gartner Report as one of the leading Network Access Control Devices (NAC) which uses agentless technology.
Baseline Security Standard for Information Security Management Assurance Guideline (BSS) of Central Bank of Sri Lanka (CBSL) identifies the importance of strengthening the security in ICT infrastructure in the financial sector which could prevent financial fraud.
NetSHIELD addresses the mission critical security factors which are identified by BSS which is the standard established in collaboration with CBSL, Sri Lanka Computer Emergency Readiness Team Coordination Centre (Sri Lanka CERT|CC) and the Sri Lanka Bank’s Association (SLBA).
While financial institutions are vulnerable to even greater threats now, deploying NetSHIELD is the need of the hour to prevent security breaches whilst adhering to International security standard features addressed in the ISO 27001.
SnoopWall’s NetSHIELD is the next generation agentless NAC appliance that protects corporate networks against internal intrusion and malicious insiders by effectively managing access of devices into corporate networks. NetSHIELD’s pre-cognition engine is designed to quarantine an endpoint prior to infection. A proprietary mechanism ensures quarantining with zero-false positives.
Nishan Wimalachandra, CEO - Exire Technologies (Pvt) Ltd. - Snoopwall’s Technology Partner in Sri Lanka, Bangladesh and the Maldives stated, “Until I saw how SnoopWalls NetShield works, I did not realize that Sri Lankan companies’ ICT Infrastructure was alarmingly vulnerable, including the Telecommunication Industry as well as the Financial sector.” He added,” I strongly think that this is a serious concern as most recent incidents in the financial sector were internal security breaches which could have been prevented if the right technology was deployed.”
He further added, “We live in a highly competitive world, where information security is the key to success, and the technology introduced by Snoopwall can protect the organizations’ integral ICT infrastructure from even employees. Considering that this technology is already deployed in over 32 countries, now Sri Lanka too can reap its benefits.”