In wake of WannaCry attack, Vancouver’s Subscribe Technologies launches SaaS security offering

In the wake of what one security expert called “the first true cyber catastrophe event“, the WannaCry ransomeware attack, Vancouver-based Subscribe Technologies (Subscribe Technologies Stock Quote, Chart, News: CSE:SAAS) today launched a new security service it says can help IT pros protect against a range of web troubles and trials.

Subscribe Technologies today released SiteSafe.io, a security service the company says is designed to help IT professionals maintain and managing their networks by detecting viruses, worms, trojans and all manner of malware.

The newly listed pubco, which was formed with the intention of delivering popular Software as a Service applications to small and medium sized businesses, says this SaaS offering integrates a variety of tools into a single platform. This means that IT managers can instantly find out of their IP address has been blacklisted or if a particular website has gone offline. CEO Paul Dickson says the service, which ranges in price from $5.95 to $19.95 a month, hits a sweet spot in the market.

“We’re very pleased to roll out SiteSafe as part of our application offerings. Having been an IT person and developer myself for over 20 years, I understand how important it is to have reliable access to these commonly used network utilities and finding these tools all in one place saves time and money,” Dickson said in a press release.

The WannaCry ransomware attack caused a stir throughout the security community despite being regarded as a relatively unsophisticated piece of work. But as ComputerWorld’s Lucian Constantin noted recently, it has already spawned an array of imitators.

“These other programs are in various stages of development and try to masquerade as WannaCry, even though some of them are not even capable of encrypting files at this point,” Constantin says. “This does indicate that attacks, both from the WannaCry authors and other cybercriminals, will likely continue and, despite patches being available, many systems will likely remain vulnerable for some time to come.”

Shares of Subscribe Technologies today closed up 15.8 per cent to $0.11.

Disclosure: Subscribe Technologies is an annual sponsor of Cantech Letter.