Group-IB announces regional diversification of business

Group-IB, one of the global leaders in cybersecurity, has completed the first step in a series of actions aimed at separating its Russia and CIS business. Group-IB has just transferred its activities in Russia to a new entity under local management.

The company’s global headquarters registered under the legal name Group-IB Global Private Ltd. (Singapore) will continue to manage its Threat Intelligence and Research centers in Southeast Asia (Global HQ in Singapore), Europe (regional HQ in Amsterdam) and the Middle East (regional HQ in Dubai) while pursuing Group-IB’s mission and protecting its clients in these areas. Russia and CIS business from now on will evolve independently.

The two businesses’ financial flows are totally separated from each other including their costs and revenues. As per already applied internal regulation since the establishment of the Singapore headquarters, no revenues generated in any of Group-IB Global Private Ltd.’s subsidiaries are used to fund any activities in the Russia and CIS region.

As a next step in the process, Group-IB Global Private Ltd. is committed to change its ownership structure so that in 6 months’ time Group-IB’s global assets and Russia and CIS assets would be owned by different stakeholders and UBOs.

Group-IB’s regional HQs are self-sufficient in terms of core business capabilities with best-in-class experts covering all technical functions (Digital Forensics & Incident Response, Cyber Investigations, 24/7 Computer Emergency Response Team, Threat Intelligence, Managed Cybersecurity services, R&D, etc). At the same time, Group-IB will now accelerate its global talent relocation program for management staff and technical specialists, launched in 2019 with the opening of Group-IB headquarters in Singapore. All the regional HQs are continuously enhancing their teams by hiring and developing local talent.

Group-IB at its core has always pursued the mission of fighting cybercrime globally. Amidst the world and market uncertainty, we have decided to implement these changes to be able to continue to follow this mission, independent of external circumstances. We believe this will provide more market freedom and will allow us to accelerate business development in every region of Group-IB’s operations as well as bring us closer to our goal of becoming the most influential power in the fight against cybercrime.

Dmitry Volkov

Group-IB Global CEO

The diversification of business will let Group-IB to be more flexible and independent in order to keep developing its global threat hunting infrastructure, and to study local threats with the goal of providing best-in-class defense against cyber threats for its customers and partners in every region of operations. The split-off of assets is one more step in Group-IB’s long-term strategy to build the first decentralized and independent cybersecurity company relying on self-sustaining full-fledged Threat Intelligence and Research centers capable of supporting customers and developing strong partner networks in every region.

About Group-IB

Founded in 2003 and headquartered in Singapore, Group-IB is a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime. Combating cybercrime is in the company’s DNA, shaping its technological capabilities to defend businesses, citizens, and support law enforcement operations.

Group-IB’s Digital Crime Resistance Centers (DCRCs) are located in the Middle East, Europe, Central Asia, and Asia-Pacific to help critically analyze and promptly mitigate regional and country-specific threats. These mission-critical units help Group-IB strengthen its contribution to global cybercrime prevention and continually expand its threat-hunting capabilities.

Group-IB’s decentralized and autonomous operational structure helps it offer tailored, comprehensive support services with a high level of expertise. We map and mitigate adversaries’ tactics in each region, delivering customized cybersecurity solutions tailored to risk profiles and requirements of various industries, including retail, healthcare, gambling, financial services, manufacturing, crypto, and more.

The company’s global security leaders work in synergy with some of the industry’s most advanced technologies to offer detection and response capabilities that eliminate cyber disruptions agilely.

Group-IB’s Unified Risk Platform (URP) underpins its conviction to build a secure and trusted cyber environment by utilizing intelligence-driven technology and agile expertise that completely detects and defends against all nuances of digital crime. The platform proactively protects organizations’ critical infrastructure from sophisticated attacks while continuously analyzing potentially dangerous behavior all over their network.

The comprehensive suite includes the world’s most trusted Threat Intelligence, The most complete Fraud Protection, AI-powered Digital Risk Protection, Multi-layered protection with Managed Extended Detection and Response (XDR), All-infrastructure Business Email Protection, and External Attack Surface Management.

Furthermore, Group-IB’s full-cycle incident response and investigation capabilities have consistently elevated industry standards. This includes the 77,000+ hours of cybersecurity incident response completed by our sector-leading DFIR Laboratory, more than 1,400 successful investigations completed by the High-Tech Crime Investigations Department, and round-the-clock efforts of CERT-GIB.

Time and again, its solutions and services have been revered by leading advisory and analyst agencies such as Aite Novarica, Gartner®, Forrester, Frost & Sullivan, KuppingerCole Analysts AG, and more.

Being an active partner in global investigations, Group-IB collaborates with international law enforcement organizations such as INTERPOL, EUROPOL and AFRIPOL to create a safer cyberspace. Group-IB is also a member of the Europol European Cybercrime Centre’s (EC3) Advisory Group on Internet Security, which was created to foster closer cooperation between Europol and its leading non-law enforcement partners.