Group IB goes east
Group-IB, a Russian company specializing in cyber investigation and prevention, intends to move the global headquarters from Moscow to Singapore by the end of 2018 or early 2019 as part of international expansion plans. The CEO and co-founder of the company told Reuters Ilya Sachkov.
The new headquarters will employ 90 employees, 15 of which will move to South East Asia from Moscow. When developing a Singapore office, IB-Group will invest around $ 30 million from its own funds until 2022. The company has no plans to attract investors outside. As well as Moscow, IB-Group has offices in London, New York and Dubai.
According to Sachkov, the second most suitable moment was to move to Singapore.
"This is an Asian financial center, and our business is thriving in Asia," said the Group-IB head. – Singapore is the first country to buy our products. Interpol Cybercross headquarters, with whom we work with, has also located in Singapore. "
In Asia, Russian cyber security experts are going to attract customers from banks, payment systems, cryptocurrency exchangers, energy companies, smart city systems and others.
Ilya Sachkov, co-founder and CEO Group-IB,
has announced the opening of a new office in South East Asia
Regarding how Group-IB intends to hire new investors against the background of constant friction between Russia and the West, Sachkov explained that this would help the company's reputation, which had never dropped data and that it was not participating in political games.
"We have a specific level of trust," said the Group-IB head. – We have not lost one customer in the United States or UK. In Europe, our business is growing. "
In addition, the company is always ready to provide the source code of its products to anyone, new and existing customers, if this contributes to the creation of a trust relationship. According to Group-IB, the services of the company helped customers save $ 300 million.
Problems of Russia's information security companies abroad
Sachkov noted that Russia's companies outside the country had a hard time under current conditions, especially after high scandals due to alleged interference by Russian hackers in the US presidential elections and the "spyware story" "or Kaspersky Lab.
"In the United States and the UK, we only have sales offices, because computer forensics is poor because of Russian roots," Sachkov complained. "Other things are equal, customers from the US and the United Kingdom do not choose Russian companies."
Recall, in July 2017, that the administration of the US President banned the Russian antivirus company, Kaspersky Lab, from the list of software and hardware dealers that their products were approved for by agencies & # 39 government. Two months later, the US authorities ordered to eliminate Kaspersky Lab's solutions from US government agencies' networks for 90 days.
The reason for adopting such difficult measures against Kaspersky Lab was an event with a NSA worker who took homework, including secret work. Kaspersky Lab anti-virus has detected an Equation malware on its home computer. Along with suspicious files, a number of confidential documents were uploaded to antivirus developer's administrators.
The Americans themselves learned about the event by representatives of Israel's information, which monitored Kaspersky Lab's activities and allegedly had access to the company's administrators.
After the problem became a public owner and Kaspersky Lab was accused of spying. Company founder Evgeny Kaspersky He strongly denied any connection with Russian special services, arguing that he would have withdrawn the business immediately from Russia if he had been offered an attempt to motivate customers.
Kaspersky's willingness to cooperate with US authorities on an investigation into the event brought no fruit – the foreign authorities were deaf to the arguments of Russia's information security company.
In early December 2016, the National Center for Cybersecurity (CCSC) released a new guide for British ministries, recommending a more careful approach to the use of overseas antivirus solutions.
In mid-June 2018, the European Parliament adopted a recompensive decision on cyber security, where he called "Kasusky Lab" malicious products and called for him to be released in European institutions. In response, the company has suspended projects in collaboration with European partners, including Europol.
In September 2018, sanctions against 12 Russian companies were prepared by the Department of Commerce of the United States, four of which were accused of complexity with Russian chiropodists, and the rest in supplying equipment to Russian ships and supporting the military aerospace industry. Among those who fell under the sanctions he was a participant in the IS market – Infoteks company.