Online sales have boomed during the Covid-19 pandemic, with the latest Online Retail Index showing nearly 34% growth year on year, with almost every category showing strong increases.
However, this success and move towards more business being conducted online by retailers and businesses of all types is set against the increasing threat, with third party scripts (essential in the user experience) suffering attacks executed by malicious attackers utilizing e-skimming, formjacking or other methods made famous by the Magecart attack group.
Within the last month, nearly 2,000 Magento stores (one of the world’s most popular e-commerce platforms) were hacked using Magecart, with the target being user information and payment card details. It exploited an older version of the Magento software, but one that nearly 100,000 stores are thought to still be using – highlighting the challenging for organisations to always ensures sites are fully patched and updated.
Source Defense provides a Website Client-side Security Platform focused on preventing malicious activity originating in website supply chain vendors (3rd & 4th party java scripts). Using its technology, based on machine learning and industry best practices, Source Defense provides customers with a fully automated and dynamic solution that controls access and permissions of various dynamic components operating on a website.
“As more businesses look to transact business online, bad actors are exploiting client-side vulnerabilities that aren’t protecting by traditional solutions like WAFs” explains Sam Murdoch, Managing Director at e92cloud. “By partnering with Source Defense, we can help our partners provide a key part of cybersecurity for their customers, and provide the security for their customers that will increasingly be a key part of brand reputation for organising who sell online”.
Source Defense was listed by Forbes magazine as one of the 20 best cybersecurity startups to watch in 2020 3, in particular due to the innovative approach to protecting web applications. “What makes Source Defense noteworthy is its unique approach to preventing attacks on websites and web properties of third-party origin. By removing the security considerations from third-party integrations, Source Defense removes person-hours spent on tests and integrations, allowing sites to focus on generating revenues and new opportunities while keeping the site visitors safe and the site in high performance”.
“With our current growth and success in the US and the growing interest and need in EMEA, we are excited to have e92cloud as our VAD in the UK as they have a proven track record in bringing emerging and innovative technologies to market,” said Source Defense CEO, Dan Dinnar. “This partnership combines Source Defense’s innovated platform and e92cloud’s long experience in the security realm where we see an excellent opportunity for us both to succeed and provide the most advanced client-side security solutions and value to our customers”.