12 November 2018

Group-IB to invest $30 million in its infrastructure aimed at fighting cybercrime in Singapore

Group-IB, an international company that specializes in preventing cyber attacks, announced it would invest up to $30 million until 2022 in its global cyber threat-hunting infrastructure, located in Singapore. The company plans to manage and keep developing this infrastructure at the premises of its new global HQ that the company is going to move to Singapore by the end of this year, said Group-IB CEO, Ilya Sachkov, speaking at CyberCrimeCon 2018 in Singapore.

Over the last 15 years, Group-IB has been building an international infrastructure designed to proactively detect threats and investigate cybercrime around the world. The company has developed a database of more than 100,000 criminal profiles since 2003, which evolved to an intelligence-gathering network that now feeds Group-IB Threat Intelligence (TI). Group-IB TI lies at the root of this infrastructure and along with other company’s products and services forms the basis of its adversary-centric cyber detection and proactive threat-hunting ecosystem.

Singapore is a global financial center, most favorable for running a global business. Singapore government aims to create a safe and secure ecosystem free of bureaucratic barriers for everyone — people, public and private companies, which is exactly what is needed for managing Group-IB’s global cyber threat-hunting infrastructure. Moving this infrastructure to Singapore allows to identify and detect advanced and previously unknown threats and new groups’ tactics and tools in order to protect private and public companies from state-sponsored and financially motivated hacker groups which have recently become more active in SEA and Singapore.

Ilya Sachkov

Ilya Sachkov

CEO Group-IB

Southeast Asia in the spotlight of hackers

According to Group-IB’s annual Hi-Tech Crime Trends Report 2018, Southeast Asia is the most actively attacked region. In just one year, 21 state-sponsored groups were detected in this area, which is more than in the United States and Europe combined. Singapore is a global financial powerhouse, which makes it a primary target for financially motivated hacking groups. SEA and Singapore in particular will become one of the main targets for financially motivated APT groups that focus efforts on targeted attacks on the financial sector, according to Group-IB’s forecasts.

«Defense is an outdated strategy. Hackers adapt their tools and tactics quickly. Private and public companies find it very challenging to keep up with rapidly evolving cyber threats. It is time to stop being victims and become hunters. This paradigm forms the basis of Group-IB’s approach to cyber protection and is being reflected in its adversary-centric detection and threat-hunting infrastructure —, which Group-IB is planning to develop and manage in Singapore together with highly skilled Singapore specialists», — commented Ilya Sachkov.


Group-IB moving its global HQ to Singapore

Southeast Asia is one of the priority destinations for Group-IB’s business development. The company entered the SEA market 3 years ago. Group-IB’s portfolio of clients here includes banks, financial and government organizations in Singapore, Thailand and other countries. SEA accounts for more than 30% of the company’s international revenue. The company will move not only its global HQ to Singapore but also its IP (intellectual property).

Group-IB’s new global HQ in Singapore will duplicate its Moscow’s office structure in line with the company’s strategy to boost its presence in the global financial centers. In Singapore, the company will create a digital forensic laboratory, cyber investigation department, GIB Computer Emergency Response Team (CERT-GIB) and a development department. In the next 2 years, Group-IB plans to hire 90 employees in Singapore, including 15 people the company is going to bring from its Moscow HQ.

Since 2017, Group-IB has also been an official partner of the INTERPOL Digital Crime Centre located in Singapore. Above all, such partnerships entail the creation of a system for collecting data on hacking groups that operate in the region to fight against cybercrime and to ensure a strong and sustainable digital economy, including through high-quality training of core stuff.

Group-IB is one of the leading providers of solutions dedicated to detecting and preventing cyberattacks, identifying online fraud, investigation of high-tech crimes and intellectual property protection, headquartered in Singapore. The company’s threat intelligence and research centers are located in the Middle East (Dubai), the Asia-Pacific (Singapore), Europe (Amsterdam), and Russia (Moscow).

Group-IB’s Threat Intelligence & Attribution system has been named one of the best in class by Gartner, Forrester, and IDC. Group-IB’s Threat Hunting Framework (earlier known as TDS) intended for the proactive search and the protection against complex and previously unknown cyberthreats has been recognized as one of the leaders in Network Detection and Response by the leading European analyst agency KuppingerCole Analysts AG, while Group-IB itself has been recognized as a Product Leader and Innovation Leader. Gartner identified Group-IB as a Representative Vendor in Online Fraud Detection for its Fraud Hunting Platform. In addition, Group-IB was granted Frost & Sullivan’s Innovation Excellence award for its Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks with the company’s patented technologies at its core.

Group-IB’s technological leadership and R&D capabilities are built on the company’s 18 years of hands-on experience in cybercrime investigations worldwide and 70,000 hours of cybersecurity incident response accumulated in our leading forensic laboratory, high-tech crime investigations department, and round-the-clock CERT-GIB. Group-IB is a partner of Europol.

Group-IB’s experience in threat hunting and cyber intelligence has been fused into an ecosystem of highly sophisticated software and hardware solutions designed to monitor, identify, and prevent cyberattacks. Group-IB’s mission is to fight high-tech crime while protecting our clients in cyberspace and helping them achieve their goals. To do so, we analyze cyber threats, develop our infrastructure to monitor them, respond to incidents, investigate complex high-tech crimes, and design unique technologies, solutions, and services to counteract adversaries.

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