NTT Security, the specialized security company of NTT Group, has announced expansion into India and Philippines as part of its strategic growth plan. It will provide Managed Security Services (MSS) and Security Consulting Services based on its strength in Global Threat Intelligence and Cyber Threat Advanced Analytics accumulated through global operations. This will enable more effective and sophisticated cybersecurity solutions for enterprises and governments as well as global companies which have business operations in the regions.
The latest move forms part of plans from the specialized security company of NTT Group to become a leading MSS provider in the Asia-Pacific region – just four months after it launched the same service for digital enterprises and governments in Thailand.
Both India and the Philippines recognise the positive impact that technology brings. The Indian government, for example, is pressing ahead with its Digital India programme to transform India into a digital economy. An IDC study commissioned by Microsoft reveals that digital transformation will add an estimated USD $154 billion to India’s GDP by 2021. A similar study predicts that around 40% of the Philippines’ GDP will be derived from digital products or services. It also shows 93% of organizations in the Philippines are already in the midst of their digital transformation journey.
“A push towards a digital economy is changing the way businesses and governments are run but there can be no digital economy without security,” says Martin Schlatter, CIO and Regional CEO for NTT Security in APAC. “Just as in any other nation, cyber criminals will take advantage of organizations in India and the Philippines that fail to adequately secure their digital assets. Cyber threats will evolve as technology evolves, which is why we are seeing an increased need for MSS providers to reduce the pressure and provide better security threat management.”
According to Frost & Sullivan, the MSS market in India alone has grown by 24.1% year-on-year, owing to the rising demand in cybersecurity solutions driven by the government’s drive for digitization through its Digital India campaign. Furthermore, sectors such as banking and finance, manufacturing, aviation, healthcare, and retail are increasingly adopting digital practices – many of which also face strict security compliance guidelines as a result. Many will therefore be relying on outsourcing security services to a trusted and reputable third party provider.
To support such challenges, NTT Security is also expanding a Security Operations Center (SOC) in Bangalore, India. The facility will comprise local teams and analysts across multiple disciplines, also leveraging NTT Security’s global capabilities, to protect organizations’ IT environments from security attacks. The SOC is expected to grow rapidly, so NTT Security will be looking to recruit people in India with a passion for, and experience in, cybersecurity and risk management.
Martin adds: “Along with our highly skilled security experts, our proprietary MSS platform can help protect organizations across a range of sectors against multiple and complex security threats around the clock. It can also provide optimized security through our unique insight, advanced analytics and applied threat intelligence over and above what can usually be done in-house.”
The MSS solution will be taken to market through the NTT Group companies of Dimension Data, NTT Communications and NTT DATA. As a centre of excellence, NTT Security is committed to continued investment in the creation of innovative security services, and continues to expand its reach together with NTT Group companies, while improving its strength in global threat intelligence and advanced analytics by collaboration with NTT R&D and alliances with technology partners.