Tel Aviv-based cloud-based cybersecurity supplier Check Point on Tuesday mentioned it’s strengthening its operations in India as more and more refined cyber threats propel the nation right into a fast-growing cybersecurity market.
Bangalore Office
The Israeli cybersecurity firm has introduced the opening of a brand new workplace in Bangalore, a 42,700 sq. foot facility that’s anticipated to foster world innovation, collaboration and productiveness.
Check Point mentioned the power will embody a Customer Experience Center and an AI Demo Zone the place clients can take a look at cutting-edge safety options aligned with trade necessities.
“India is a strategic marketplace for us by way of expertise and market potential. With the fast tempo of digitization and the consistently evolving cyber risk panorama, the area represents unprecedented alternatives for enterprise development,” mentioned Sundar Balasubramanian, MD, India and SAARC, Check Point Software Technologies.
Check Point additionally introduced that it plans to start out operations in Chennai by subsequent month.
A sudden enhance in assaults
According to the Data Security Council of India (DSCI), the Indian cybersecurity market will account for five% of the worldwide market by 2028. According to Check Point, Indian corporations will face 2,807 cyber assaults per week within the first quarter of FY24, up 33% year-on-year and outpacing the worldwide common of 28%.
This is the second highest determine within the Asia-Pacific area and requires superior options, Balasubramanian mentioned.
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