SOCaaS: THE NEED OF THE HOUR

PARTHA PANDA, CEO AND CO-FOUNDER OF CYSIV, INC, TELLS ANITA JOSEPH HOW CYSIV ‘S 24/7 SOCAAS SOLUTIONS HELP ORGANISATIONS REDUCE THE RISK OF COSTLY AND DAMAGING BREACHES & BUSINESS DISRUPTIONS.

- PARTHA PANDA

What is Cysiv all about?

Cysiv is a security software company. We provide 24/7 security operations center-as a-service (SOCaaS) that combines our cloud-native, next-gen SIEM software with a team of experts, to provide threat detection and active response. We deliver all of this as, as-a-service, with simple subscription-based monthly billing.

Cysiv is headquartered in Dallas, USA, and has offices in other countries, including now Egypt and UAE. We were incubated within Trend Micro, a global cybersecurity leader, and now operate as an independent company. We’re backed by the largest VC firm that focuses exclusively on cybersecurity, and in addition to Trend Micro, have an important strategic alliance with Google Cloud.

Cysiv is entering the Middle East market in a big way. What does this mean for the company?

We believe there’s a tremendous need for SOCaaS in the region. The average time to detect and contain a breach by organisations in the region is amongst the slowest, and the cost of a data breach amongst the highest, worldwide. So, the need is clearly there, and we’re excited to expand our global footprint and be able to help forward-thinking organisations better defend themselves.

We’ve been able to enter the market so quickly because in 2020 we acquired and rebranded SecureMisr, a leading, Cairo-based provider of managed SOC and red team / blue team services. Their superior expertise and established client relationships, which includes many Global 2000 organisations in banking, financial services and telecommunications, has allowed us to accelerate our investment in the region.

What can the Middle East market look forward to, from Cysiv?