Security Market Segment LS
Thursday, 20 August 2020 23:42

CyberCX launches in NZ with ambitious growth plans Featured


Australian cyber security organisation CyberCX is launching in New Zealand’s NZ$600 million cyber security market with plans to establish a large specialised cyber security workforce in the country.

Claiming the move will create the region’s leading cyber security player, CyberCX says it will invest more than NZ$30 million into the local NZ cyber market and introduce a full suite of cyber security services to “protect and defend New Zealand’s businesses, enterprises and government agencies” from global and local cyber threats.

“CyberCX NZ offers a unique focus on both risk and technology to the local market, a key differentiation from existing players,” the company claimed in a statement on Thursday annuncing its New Zealand plans.

“Understanding the importance of national cyber capability, CyberCX will offer the most comprehensive end-to-end services in New Zealand, covering key cyber security domains: consult and advisory; governance, risk and compliance; incident response; penetration testing and assurance; security integration and engineering; and managed security services,” the cybersecurity company said, adding that it will also provide cloud and mobile security, and identity management services.

CyberCX New Zealand CEO Grant Smith - who previously founded Gen2 Consulting and DMZ Global - said CyberCX New Zealand would transform New Zealand’s cyber security landscape, with the company’s plans including:

  • Increasing CyberCX’s New Zealand workforce to more than 100 employees in the next year
  • Expanding offices in Wellington and Auckland, followed by opening an office in Christchurch
  • Investing in developing a "unique" New Zealand security operations centre (SOC) capability and local cyber workforce development.

According to Smith, “it is clear that many New Zealand businesses, enterprise and government organisations are not yet well enough advised, supported or equipped to defend their critical assets”.

“Each year thousands of New Zealand organisations fall victim to cyber attacks totalling tens of millions of dollars in losses. 40% of those incidents are linked to state-sponsored actors. “CyberCX NZ is committed to lifting the country’s national resilience and is focused on maintaining an independent stance, agile ways of operating and core cyber focus.”

CyberCX CEO, John Paitaridis said New Zealand is a “natural market focus for CyberCX”.

“With the exponential growth in the number of cyber attacks on Australian and New Zealand businesses and government agencies, and the aggressive tactics we are seeing from threat actors, we need to significantly bolster our trans-Tasman cyber capability to secure our companies and sovereign interests, in particular Australian and New Zealand critical infrastructure including utilities, agricultural, financial systems, logistics and supply chain," Paitaridis warned.

“Never has this been more important than during the COVID-19 pandemic.

“It is time that Australia and New Zealand had its own cyber security company, a national champion at scale, able to defend and protect our local businesses and economies. For too long we have relied on international companies for cyber services, where their interests don’t always align.

“We are fiercely independent and driven by our purpose to protect the communities we serve. We are uniquely focused on delivering mission critical cyber security services to New Zealand and Australia leveraging our 500 plus cyber security specialists on both sides of the Tasman.

“Cyber attackers do not recognise borders and they are increasingly focused on targeting our part of the world. At CyberCX we are unifying the best cyber security talent, capability and expertise across Australia and New Zealand and taking up the fight on behalf of our customers,” Paitaridis concluded.

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