Singtel Partnered with Palo Alto Networks to Launch Cyber Security Service

Singapore: Singapore Telecommunications Ltd. (Singtel) signed an agreement with Palo Alto Networks, a next-generation cyber security company to offer Singtel Managed Advanced Threat Prevention (ATP) security service. The newly launched security service would be based upon Singtel’s Managed Security Services (MSS) and Palo Alto Networks’ Next-Generation Security Platform, which would help organizations in protecting against cyber threats.

The Singtel’s MSS equips organization and government agencies with real-time managed security services, which are offered through Singtel’s managed eight Security Operations Center (SOC). These SOC’s are integrated with Singtel Global Threat Intelligence, which are regularly updated with Trustwave’s sensors, SpiderLabs malware research laboratory. Integration of Singtel with Palo Alto Networks technology would allow Singtel MSS to provide quick response to cyberattacks.

TechSci Research depicts that technological advancement in malware and virus definitions, growth in number of cyberattacks and data breach incidents, increasing cyber security concerns towards country’s critical infrastructure and government data, and so on are some of the reasons which would continue to fuel the demand for advanced cyber security solutions in the country.

According to the recent report published by TechSci Research, “Global Cyber Security Market By Security Type (Network Security, Content Security, etc.), By Solutions (Identity & Access Management, Risk & Compliance Management, etc.), By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass USD137 billion by 2021. Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years. Though the global cyber security market is highly fragmented, Symantec Corporation emerged as the largest player in 2015, followed by BAE Systems PLC, Intel Corporation and Cisco Systems. Banking, Financial Services and Insurance (BFSI); IT & Telecom; defense; energy & power; retail; and healthcare have emerged as the key application areas where cyber security solutions are being increasingly adopted.