Singapore Telecommunications Limited (SingTel) and network security company FireEye, Inc announced today a strategic partnership to enhance the cyber security eco-system in the Asia Pacific region.
The two companies said that they will be investing up to US$50 million (S$63.8 million) over the next five years to set up and jointly operate the upcoming Advanced Security Operation Centres (ASOCs) in Singapore and Sydney, Australia.
Slated to start operations in the first quarter of 2015, the ASOCs aim to monitor, analyse and contain Advanced Persistent Threats (APTs) and malware on an around-the-clock basis.
The ASOCs will be integrated with SingTel's Network Operations Centres to provide end-to-end visibility across corporate networks and Internet traffic. These centres will also connect to FireEye's global network of ASOCs and have access to FireEye Dynamic Threat Intelligence (DTI), a global network that connects FireEye threat prevention platforms to provide a real-time exchange of threat data. This provides enterprises with the latest intelligence on cyber attacks and enables FireEye to proactively recognise new threats and block attacks.
This new establishment will also help to boost the cyber security expertise in Singapore, by bringing in global security experts and growing the local talent pool. About 150 cyber security professionals are expected to be trained to operate the ASOCs alone, said SingTel.
In addition, the partnership also unveils the first SingTel Managed Defence solution powered by FireEye in APAC. The solution will provide continuous monitoring, detection and the quick containment of malware and other perceived threats to enterprises and government organisations.
Specifically, this solution protects organisations by detecting and preventing most intrusion attempts against major attack vectors with patented virtual machine-based technology; monitoring an environment 24/7 and analysing potential cyber threats; and resolving incidents quickly and assessing the impact for prompt, accurate disclosure.
On top of that, for organisations with data location restrictions, SingTel and FireEye will establish data stores in the region to house enterprise data locally. This enables organisation to maintain their data integrity by keeping their data in-country or region.
Bill Chang, SingTel's CEO Group Enterprise, said: "This is a ground-breaking collaboration to enhance the cyber security ecosystem in the region. We are combining FireEye's best-of-breed managed defence capabilities and SingTel's leadership in ICT services and infrastructure in Asia Pacific. This will help enterprises better manage the increasing challenges of a new generation of cyber-attacks."
"Apart from offering the game-changing SingTel Managed Defence Powered by FireEye solution, which helps enterprises avert costly and prolonged malware breaches, we are aiming to strengthen the industry's awareness and knowledge in dealing with cyber threats with our bi-annual Asia Pacific-focused threat advisory reports," he added.
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