Qihoo launches new security product

Qihoo 360 Technology Co Ltd on Monday unveiled its latest security system that will help government organizations and companies in key industries to detect highly dangerous and persistent hacks by analyzing billions of network records within seconds.

Industry experts said China is in desperate need of high-end online security products as overseas providers are facing a trust issue in the government procurement segment and attacks on strategically important organizations show a significant upswing.

Tan Xiaosheng, vice-president and head of Qihoo's for-enterprises security group, said the company's decade-long data accumulation and its status as a local provider will secure it a share of government-backed projects.