Both parties to work jointly to tackle API security in the region.
23 June 2022 – NewGens Pte Ltd and Noname Security have entered into a reseller partnership arrangement for Noname’s API security solution across NewGens offices in Singapore, Malaysia, Indonesia and Thailand.
In the last few years, especially since the start of the pandemic, APIs have become the lifeblood of the digital economy for any business. This has led to prominently increased security vulnerabilities as most of the global internet traffic are initiated by API calls. Now APIs are the most frequent target of cyberattacks.
NewGens, a recognised payment domain expert for banks, has been providing cyber-related security assessments and recommendations to financial institutions and corporates. NewGens is acutely aware that APIs have also become a point of vulnerability for financial institutions, especially in areas such as transactions through mobile apps.
The Noname API Security platform protects APIs in real-time and detects vulnerabilities and misconfigurations before they are exploited. It is an out-of-band solution that integrates with API gateways, load balancers, and web application firewalls (WAFs) to offer deeper visibility and security.
Seah Sew Chye, NewGens Director, said, “By teaming up with Noname Security, a recognised unicorn in the API security domain, we can help to address a recognised API security challenge widely discussed in the industry. Collectively, it enables us to provide a value-added service to the industry and helps to strengthen API protection in the region. We are ready to partner with relevant experts to create the awareness of such threats and resolutions”.
PK Lim, Vice President Sales Asia Pacific at Noname Security, said, “This partnership will enable Noname Security to continue to expand our reach and better serve the rising demand for API security in Asia Pacific. With NewGens’ technical expertise and strong customer base in Asia Pacific, it is perfectly positioned to help businesses understand the risks involved with deploying APIs and demonstrate Noname Security’s API security solutions.”
Founded in 2000, NewGens Pte Ltd (www.newgens.com.sg) is a services and solutions provider whose expertise includes project management, implementation/consultancy services in SWIFT, anti-money laundering, compliance and cybersecurity solutions with geographical coverage that spans across the APAC region. Over the course of two decades, NewGens has gained recognition and endorsements by both partners and customers for constantly striving to enhance processes and create value for their businesses.
Noname Security is the only company taking a complete, proactive approach to API security. Noname works with 20% of the Fortune 500 and covers the entire API security scope across three pillars: posture management, runtime security and API security testing. Noname Security is privately held, remote-first with headquarters in Palo Alto, California, and an office in London.
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