Qihoo 360 Technology Co. Ltd. has launched on Monday its latest security system against high-risk and persistent hacks that would help both government organizations and private companies detect online threats by evaluating billions of network records within seconds, the China Daily reported.
According to experts, China is seriously in need of high-end online security, as the government is facing a trust issue in procurement and attacks on government organizations have increased.
Tan Xiaosheng, vice-president and head of Qihoo's for-enterprises security group, said that the company is confident that it will have a share of government projects due to their status as a local provider and the date they have accumulated for nearly a decade.
"Being a Chinese security company offers us an advantage on the market," Tan said.
The report said that Qihoo's clients include the People's Liberation Army, the China National Petroleum Corp, and eight other government ministries.
Tan said that the company's new security system, dubbed SkyEye, was designed to deter advanced persistent threats, or APT, using all the data available on its customers' server and most of the data pool in the country.
As the maker of the first known locally made online security product, the company said that they have a better chance of securing security clearance in government-backed projects more than an overseas provider using similar technology.
According to Qihoo, the APT is a set of malicious and continuous computer hacking processes targeting a specific entity.
Reports said that the biggest victims of hackers are the government and organizations engaged in energy, scientific research and information technology.
Tan said that the company will conduct more on-field tests to evaluate and prove SkyEye's reliability, which will take about two years to get government approval.
"We are aiming for government procurement deals once the government okays the SkyEye," Tan was quoted as saying. "This is a product that specializes on the threats the government and the state-owned enterprises are facing."