Singapore, Oct 22 2020 — Horangi, a Singapore-based cybersecurity company which provides solutions to industry leaders across Southeast Asia, today announced that it is bringing its flagship cloud security solution, Warden to Google Cloud Platform, making it a multi-cloud solution. Enterprises on Amazon Web Services (AWS) and GCP can now use Warden as a single point to evaluate their security and compliance posture, resolve compliance violations, and create audit-ready compliance reports for standards including ISO 27001 and GCP-CIS.
Warden was launched in 2019 and was listed on the AWS Marketplace as a premier cloud security posture management (CSPM) toolcloud security posture management (CSPM) tool within months of its launch. Companies such as SingLife, Ninja Van, Mekari, and Wallex use Warden for their cloud security needs. According to IDC, businesses in the Asia Pacific built on Google Cloud are growing at a rate of 35% year-over-year. By 2021, over 90% of enterprises in APEJ will be utilizing a hybrid of on-premises/dedicated private cloud servers and legacy platforms to meet their infrastructure and business needs. Gartner projects that the worldwide public cloud service market will grow from US$182.4 billion in 2018 to US$331.2 billion in 2022, a compound annual growth rate (CAGR) of 12.6%. As remote work becomes the new paradigm in response to the ongoing COVID-19 pandemic, the protection of cloud platforms has become a major priority for many enterprises in Southeast Asia. It was reported by McAfee that the number of remote attacks targeting cloud services had increased globally by more than six times between January and April 2020.
Paul Hadjy, CEO and Co-Founder at Horangi, said: “Our latest research into cloud security tools indicates that 99% of cloud infrastructure scans have exposed security vulnerabilities. Warden looks to double down on its multi-cloud security and compliance automation features. Our objective is to provide users with a self-healing cloud infrastructure defence that can detect and respond to threats in real-time and automatically prevent flagrant configurations. When appropriately managed, multi-cloud environments contribute to a more robust risk posture as organizations can distribute their workload across different networks, becoming more resilient to service disruptions and cyberattacks.”
As the cloud security market matures, cybersecurity teams need a single pane of glass to continuously build and manage their cloud infrastructure according to security best practices. To help users reduce the time spent on security remediations by 90%, Horangi is also introducing automated remediation on Warden. Available on both AWS and GCP, users will no longer have to undertake multiple steps to fix a single security issue manually. Event logging and monitoring, for instance, is critical for teams to respond to security incidents, but more than 90% of Warden customers fail their initial security checks in this area. The new remediation features mean that users can now set up tedious logging and monitoring configurations in a matter of clicks, dramatically improving security posture.
“Integration with GCP was an obvious choice for us, given its adoption by startups and enterprises regionally. It’s one of the few cloud platforms with an Indonesian data center, which certain industries in Southeast Asia require to comply with data residency regulations. We have also seen great interest from the financial services industry and Fintech startups based in Singapore that require compliance with the Monetary Authority of SingaporeMonetary Authority of Singapore,” added Hadjy.
On his team interacting with Warden's new features on GCP, Ninja Van CTO Shaun Chong said, "We found Warden useful in understanding our infrastructure configurations against international standards such as CIS. The automated tool helps us accelerate our process of instilling best-practice standards in our GCP environment."
George Do, Chief Information Security Officer at Gojek, said, "There is huge potential for the CSPM market to shape the security of the cloud within Indonesia and the rest of Southeast Asia. Horangi has done a tremendous job with Warden at simplifying and automating multi-cloud security and compliance, and we are excited to see the adoption of Warden grow."
The need to secure cloud infrastructure remains as critical as ever as Verizon’s 2020 Data Breach Investigation Report revealed misconfigurations and errors to be among the top causes of cloud data breaches, second only to malware. Research from ESG and Veracode shows that nearly 50% of organizations knowingly ship vulnerable code, citing pressure of software release deadlines as the top reason. Horangi sees the same trend in Southeast Asia, where meeting deadlines tends to supersede secure coding practices, increasing the tendency for misconfiguring cloud infrastructure.
Since its inception, Warden has completed over 18 million scans regionally, created 200+ cybersecurity rules and supports nine global compliance standards. The platform currently supports compliance requirements for the Monetary Authority of Singapore Technology Risk Management (MAS TRM) and Bank Negara Malaysia - Risk Management in Technology (BNM-RMIT) standards. Warden was also named in Gartner's 2020 Market Guide for Compliance Automation Tools in Development Operations.
Since its launch in 2016 by former Palantir cybersecurity experts, Paul Hadjy and Lee Sult, Horangi has worked with over 200 companies in Southeast Asia, to provide best-in-class cybersecurity solutions. It has since secured new clients such as SingEx, DBS Bank, NTUC Income Insurance, BigPay and DANA. In March 2020, the company raised US$20 million for its Series B round led by Provident Growth, Monk’s Hill Ventures, Right Click Capital, and Genesis Alternative Ventures. Horangi has since announced partnerships with Tokio Marine Insurance and Athena Dynamics, a unit of BH Global Corporation. Horangi’s primary focus for 2021 will be increasing its market share through continued online marketing efforts, broader and deeper offline efforts in user education in Indonesia and the rest of Southeast Asia.
Horangi will be hosting a webinar on November 5 to showcase Warden’s new features, for more information, please visit the registration page for more information.
Horangi provides best-in-class cloud security software and services backed by a team of CREST-certified global cybersecurity experts in Asia. Horangi’s integrated cybersecurity platform is built to comprehensively secure organizations of all sizes with enterprise-grade technology in the cloud. Headquartered in Singapore, Horangi serves customers across a broad range of industries from five offices globally. For more information, visit https://www.horangi.com/.
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