Home Technology Technology News Symantec invests USD 50-million for global security expansion

Symantec invests USD 50-million for global security expansion

Symantec Corp. has announced that it will be putting in more than USD 50-million in ventures that will strengthen its cybersecurity presence around the globe. A part of the amount has already been used to build a new dedicated Security Operations Center (SOC) in Singapore, doubling the company’s Asia-Pacific expertise.

“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.

Symantec’s global SOCs are able to capture and analyze around 30-billion logs each day, helping provide its client enterprises with measures that strengthen their defences against current and emerging threats. Additionally, the 2015 Internet Security Threat Report stated that Symantec’s cyber professionals were able to prevent over 500,000 web attacks per day last year. With a bolstered APAC presence, businesses in the region can expect a shorter time between attacker detection and response.

“The Asia-Pacific region is incredibly diverse and multi-cultural. This allows us to attract highly educated multilingual security professionals who bring expertise and experience from many vertical industries and global security organizations and are well-versed in the security landscape,” added Kapuria.

The investment will see Symantec upgrading its facilities in Chennai, India; Tokyo, Japan; and Europe within 2016, resulting in a total of eight SOCs worldwide with additional reinforcements coming in for over 500 certified cybersecurity professionals. Symantec will also be developing its portfolio on big data analytics, distributed computing, incident response, managed security services, and security simulation training.

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