Symantec Invests $50 Mn To Strengthen Cyber Security Portfolio

symantec-chennaiCyber security services firm Symantec has announced to invest $50 million to beef up its security services portfolio and to build a new dedicated Security Operations Center (SOC) in Singapore.

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.

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.

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

“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.

“Last year Symantec’s team of cyber professionals protected organizations from more than half a million web attacks per day, according to the 2015 Internet Security Threat Report,” the company said.

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