Telstra Announces Two Cybersecurity Centres in Australia

Telstra aims to make cybersecurity challenges easier by establishing newly managed security services by 19 July 2017.

Australia: Telstra steps forward to strengthen cybersecurity by announcing two cybersecurity centres in Melbourne and Sydney and by launching a new suite of managed services for the customers by July 19.

With this move, Telstra aims to make the cyber security challenges easier as the cybercrimes have doubled in the past 12 months. Telstra also added that these newly managed security services will depart the traditional approaches and will make technology available at much more cost-effective rates as to uplift security base level. 

“We are taking this opportunity to rethink and reinvent really our product portfolio very much with that mindset of 'it's not enough to offer point solutions, it's not enough to focus on today's problem” said Cambell, the Director of Security in Telstra.

TechSci Research depicts that the efforts being taken by great tech giants for enhancing cyber security will enable organisations to more rapidly detect attacks and be in a better position to respond to those attacks and eradicate the cause of the attack before any considerable damage is done. With such initiatives, the market of cybersecurity is expected to witness a boost across the globe during coming years.

According to recently released report by TechSci Research, “Global Cyber Security Market By Security Type, By Solutions, By End Use Industry, By Region, Competition Forecast and Opportunities, 2011-2021”, global market for cyber security is projected to surpass US$ 137 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.