Cyber security might not be a traditional telco business, but that hasn't stopped Singtel trying to position itself as a global player in the industry, the Straits Times reports.
Southeast Asia's largest telecommunications operator by revenue has already given itself some significant leverage in the market having acquired cyber-security firm Trustwave in April, while it continues to build partnerships with firms in the industry such as FireEye.
This has provided Singtel with access to 13 security operations centres (SOCs) in 11 cities in North America, Europe, Asia and Australia, meaning the telco is able to gather threat intelligence globally.
"These global cyber-threat intelligence feeds are in real time and around the clock," Singtel group chief executive of enterprise Bill Chang explained to the Straits Times.
"We see how the threat starts, advances and evolves. We can serve our customers better."
In becoming the parent organisation of Trustwave, Singtel now has access to its 10,000-strong customer base – which have three million subscribers on its managed security services – and more than 1,000 cyber-security experts.
Meanwhile, its partnership with American corporation FireEye yields similar benefits. With these assets in tow and no clear leaders in the cyber-security market, it appears Singtel's global ambition is achievable.
Singtel will offer corporations three types of services in the area of managed security: threat management, vulnerability detention and compliance.
"Customers can outsource these services to us and we'll run them. Or, we can provide the tools and technology and they run them themselves," explained Chang.
Its market move looks to be a timely one, with the global managed security services sector expected to be worth US$15 billion this year, growing to US$27 billion in 2019, according to Gartner.
Chang added that with around 200,000 new cyber threats found each day, corporations cannot run the risk of potential financial and reputational loss – and no industry is immune from hackers.