Swimlane today announced plans to set up their regional headquarters in Kuala Lumpur, as part of a strategic initiative with CyberSecurity Malaysia, the national cybersecurity specialist and technical agency under the purview of the Ministry of Communications and Multimedia Malaysia (K-KOMM) to build a more resilient cyber ecosystem throughout the region.
The decision to establish Kuala Lumpur as Swimlane’s regional HQ was based on Malaysia having a thriving and diversified economy with world-class infrastructure, experienced and well-skilled partners, as well as a competitive talent pool that is multilingual. Malaysia also provides tremendous business opportunities, especially for global companies seeking to bring their solution across the Asia Pacific region.
“This strategic partnership with Swimlane is timely for CyberSecurity Malaysia as it will help to establish and extend strategic cybersecurity vision in the region. Together, Swimlane and Cybersecurity Malaysia will bring their respective knowledge, expertise, capabilities, and products to offer innovative cybersecurity solutions in Malaysia and the region. As the national cybersecurity specialist and technical centre, CyberSecurity Malaysia welcomes such collaboration as it provides Malaysia with advanced technology, capability, and capacity to ensure our cyber environment is reliable, safe, and trustworthy,” said Dato’ Ts. Dr Haji Amirudin Abdul Wahab, CEO of CyberSecurity Malaysia.
“Today, every company is a technology company and at the same time, security is having an unprecedented impact on businesses and their bottom line, making cybersecurity a company-wide issue,” said Cody Cornell, co-founder and chief strategy officer. “Our expansion into APAC is anchored on the goal to use our technology to enable anyone at any organization to contribute their knowledge and expertise to the protection of the organizations, all while reducing the level of effort and total cost of ownership in achieving what was previously impossible security goals.”
The APAC region faces a significant cybersecurity talent shortage with an estimated 2.045 million open cybersecurity roles, accounting for 66% of the total global shortage, thus signalling the struggle to find qualified, skilled professionals to handle increasing security alerts. Without automation, these overburdened security administrators must manually perform repetitive and time-consuming tasks needed to track, mitigate and resolve security events across multiple security platforms. Despite significant time investments, security teams cannot realistically analyze and adequately prioritize security alerts and events at the rate necessary to protect networks. On average, a breach will cost organisations US$3.8 million. Globally, cybersecurity attacks are growing exponentially and this makes it a lot more difficult for organizations especially in APAC where there is a shortage of cybersecurity skilled talent.
“Organizations need to be equipped with the right technologies and insights to respond to security threats and speed up incident response, which is where Swimlane can assist APAC customers. With Swimlane expansion into APAC, we intend to replicate our global success in low-code security automation in this region,” said Johan Wikenstedt, Swimlane’s Regional Vice President of Sales Asia Pacific & Japan. On the back of recent triple digit quarter-on-quarter growth in Asia Pacific driven by rising demand for low-code security automation solutions, Swimlane has expressed optimism of achieving the same trajectory in Malaysia.
As part of the strategic alliance, Swimlane and CyberSecurity Malaysia have identified three key initiatives which are to drive awareness on how security operations automation can bring value to organisations, in-country talent skills development and to bring its technology to enable existing as well as new technology partners like GlobeOSS Sdn Bhd in developing security automation & analytics solutions and services for the regional market.
GlobeOSS is investing in security services around Swimlane technology. “Based on the foundation of being the market leader in Data Analytics services and with already an established NOC in Kuala Lumpur, the company is investing heavily into security analytics and automation services. GlobeOSS will expand the current NOC into additional capability to SOAC (Security Operation & Analytic Center). “We believe it can provide a significant growth to our Southeast Asia regional businesses,” said Ann Wan Kuan, CEO of GlobeOSS Sdn Bhd.
