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Symantec to Strengthen Cyber Security Services Biz with US$50 million

Symantec to Strengthen Cyber Security Services Biz with US$50 million

Symantec plans to beef up its Cyber Security Services business globally with an investment of more than US$50 million. A portion of this investment has been leveraged to build a new dedicated Security Operations Center (SOC) in Singapore, inaugurated today, doubling Symantec’s Cyber Security Services expertise in the Asia-Pacific region.

Symantec’s SOCs analyze 30 billion logs worldwide each day to provide enterprise-wide protection to help organizations strengthen their defenses and respond to new threats as they emerge 24 hours a day, 7 days a week, 365 days a year.

With the launch of the SOC in Singapore, businesses will have access to intelligence, accurate threat detection and proactive notification of emerging threats to ensure their most sensitive data is protected. The new SOC will also enable businesses to shorten the time between detection and response, reduce operational costs and proactively counter emerging threats.

“Today, technology alone may not stop advanced threats. Organizations need security experts on hand to interpret and prioritize the critical events that need action. By investing in people and security IQ in Singapore and the Asia-Pacific, Symantec is expanding its visibility into the region, enabling us to bolster customers’ security operations capabilities, and protect their critical information and assets,” said Samir Kapuria, SVP and general manager of Cyber Security Services at Symantec.

The investment will enable the company to expand its Chennai, India SOC as well as the Tokyo, Japan SOC. The next phase of the company’s SOC expansion will take place in Europe, with more facilities expected to open within the next 12 months. Once complete, Symantec will have eight SOCs worldwide, extending their current team of 500+ certified cybersecurity professionals to address every stage of the cyber-attack lifecycle.

This announcement follows a US$20 million investment in existing SOCs across Australia, India and Japan in the past year.

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