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Infy’s cyber security unit rising as threats mount

Release Date:2019-09-20

Bengaluru-based software services exporter Infosys is seeing demand for its cyber security services from clients in the manufacturing, automotive and hi-tech verticals, as companies try to mitigate threats from hackers who target their assets.

“While earlier the demand was mainly from banking and insurance clients, we are now seeing demand from the manufacturing, automotive and hi-tech sectors as well,” Vishal Salvi, chief information security officer, Infosys told ET The cyber security vertical has been growing at 25-30% year-onyear, he said.

This vertical is reported on Infosys’ books as part of its digital revenue, which grew over 40% last fiscal year. The company has been mining its existing client relationships to grow this business.

“Cyber security is a niche area which needs focus to drive it. It can amplify business for us and there’s been a fair amount of investment into it,” said Salvi.

He, however, declined to comment on the amount invested or the size of its cyber security team.

Infosys will soon set up a Cyber Defence Center in Bucharest, its fourth Security Operations Center (SOC) globally. The hub, to be located in the innovation incubator of the Romanian capital, will support the development and co-creation of solutions for clients in the European region.

Demand for cyber security solutions has been growing globally across enterprises, with the focus shifting to more proactive solutions. One of the challenges, however, is the demand for talent.

“Organisations are facing multifold challenges and can’t keep up with the ever-changing talent landscape. We see this as an opportunity to add value to customers. There is a huge demand for talent, but the challenge is how do you build and grow it and manage the supply side,” Salvi said.

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