Growth Fortinet Security Fabric’s Dynamic Cloud Security Offerings Deliver Advanced Security for Fintech Innovator

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced that merchant payment solutions company Yedpay has deployed an end-to-end Fortinet Security Fabric to help bolster security as it moves its infrastructure to the cloud. Fortinet’s dynamic cloud security solutions enable Yedpay to protect its current operations, stay ahead of cyberattacks and confidently expand service offerings to grow the business.

Fortinet Security Fabric 02

Established in Hong Kong in 2014, Yedpay provides a secure platform for e-commerce payments for thousands of small and medium-sized businesses (SMEs) that are underserved by other financial services providers. Its infrastructure connects merchants, including taxi drivers and other SMEs, with payment issuers and supports marketing and analytics tools.

Like other organizations in the financial services sector, Yedpay is now leveraging virtualization and cloud computing to help it deliver applications and services with greater speed and flexibility. Fortinet is able to power Yedpay’s speed of digital innovation with an equally agile security strategy achieved through the Fortinet Security Fabric. All Fortinet solutions seamlessly work together, are easily managed and also integrate smoothly with Yedpay’s existing security solutions to ensure consistent and secure connectivity across complex multi-vendor networks and different hardware, virtual environments and cloud environments.

With expertise in working with fintech startups and other financial services companies around the world, Fortinet helped Yedpay accelerate its cloud migration journey and reduce management and operational overheads without compromising security.

“We deployed Fortinet Network Firewalls five years ago to protect our on-premise network infrastructure. Fortinet was the clear choice to help us move our workloads to a public cloud environment with their Fortinet Security Fabric offerings,” said Alva Wong, Yedpay’s co-founder and chief information security officer. “Every component of the Fortinet Security Fabric is fully integrated into the entire network and every part of the security architecture is visible via a single console that is user-friendly and easy to operate. With Fortinet, a secure cloud migration that would normally take a year took us only a month.”

Fortinet Wins “Professional Certification Program of the Year” Award in 2019 CyberSecurity Breakthrough Awards Program 02

The Fortinet Security Fabric is an intelligent platform that unifies various security solutions across the network to detect, block and remediate attacks. It reduces and manages the attack surface through broad visibility, stops advanced threats with artificial intelligence-driven breach prevention, and reduces complexity via automated operations and orchestration across endpoints, access points, network elements, the data center, applications, cloud and data.

The Fortinet Security Fabric offerings deployed by Yedpay includes:

  • TheFortiWeb Web Application Firewall (WAF) provides Yedpay with AI-based behavioral scanning for threat detection and protection from the OWASP top ten most critical web app security risks. This includes cross-site scripting (XSS) and SQL injection attacks.
  • TheFortiSIEM provides Yedpay cross-correlation of Security Operations Centre and Network Operations Center (SOC-NOC) analytics and automated workflows. It also provides single-pane-of-glass management to speed up and improve threat response, free time up for critical business operations and stop breaches before they occur.

“Migrating to cloud environments adds extra complexity and risks if security isn’t part of an organization’s cloud strategy from the onset. Customers like Yedpay rely on Fortinet to provide advanced security for all their deployments as they’re moving to cloud environments. In addition to protecting the expanded attack surface, Fortinet’s dynamic cloud security offerings, which are part of the Fortinet Security Fabric, simplify operations with single-pane-of glass management and don’t compromise network performance,” John Maddison, EVP of products and CMO at Fortinet.

“Fortinet provides us with an end-to-end security solution and a single point of contact with deep multi-vendor integration. This not only gave us peace of mind during the migration, but continues to give us an easy way to secure our network architecture that is also highly scalable, incredibly powerful and cost-effective,” Mr. Wong added. 

Additional Resources

1 Gartner, Magic Quadrant for Network Firewalls, Rajpreet Kaur, Adam Hils, Jeremy D’Hoinne, John Watts, 17 September 2019.  

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About Fortinet

Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network—today and into the future. Only the Fortinet Security Fabric architecture can deliver security without compromise to address the most critical security challenges, whether in networked, application, cloud, or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 425,000 customers trust Fortinet to protect their businesses. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.