Paladion is the first MSSP to offer mature Managed Detection and Response Services in this region. Our MDR offering is recognized by several independent advisory firms for its advanced machine learning and security automation capabilities. This recognition from multiple neutral advisories meant a lot to us and our garnered customers trust in our MDR capabilities.
Our MDR platform and service has advanced even more since the time we received this recognition; we have added several new machine learning algorithms, grown our team of threat hunters, incident responders, malware engineers, and ethical hackers to advance our AI driven MDR services.
Paladion has been servicing customers in the Middle East since 2005. We have a strong presence in the region and have several consultants that work from our local offices. The regional SOC will consolidate our workforce from different regions in the Middle East and streamline our efforts. We are in the final stages of setting up our 1st Regional Managed Detection and Response Command Center (SOC) in Dubai, which would be operational from the 1st Quarter of 2018.
The regional Command Center would become an active part of our Global network of SOC’s providing 24/7 AI Driven Managed Detection and Response Services combining global threat intelligence with a regional outlook.
Paladion’s biggest focus is “No half measures in defending a customer’s cyber” – this is the principle our AI driven Managed Detection and Response service is built on. We are first focused on delivering highly agile and custom services that make our customer resilient to the latest, sophisticated cyber threats and then comes expansion. Our growth plans for the region are based on this foundation. Our presence in a few verticals like Health Care, Retail, and Education has been lower, so that will come to the fore next year. We are also extending our presence in the Africa region.
For the geographical expansion I just mentioned, we plan a direct as well as partner network outreach for our full range of AI Driven MDR services on cloud and hybrid models. These services will be delivered from our global and regional network of Command Centers for all key industry verticals.
We have seen a huge surge in demand from all verticals for our MDR services, which was launched in the region in early 2016 to combat key industry challenges:
We signed several large annuity contracts with large enterprises (Banks, Government and Private Sector) in the region who were early adopters of our AI driven MDR Services. We also witnessed enormous success in our Cyber Security Assurance services like Breach Retainer, Vulnerability Management Program, and Compliance Services such as PCI-DSS/SWIFT CSP/NESA, and ISO 27001 apart from undertaking complex security integration projects for some of our marquee customers. We were happy to witness double digit revenue growth in the region.
In 2018, we expect organizations to embrace digital transformation in a bigger way. At the same time, we will see cyber adversaries using AI in cyber-attacks. This would require organizations to adopt and implement stronger security strategies such as, increased focus on detection than prevention, speed of response and containment, adopting cloud security and moving towards DevSecOps – apart from strengthening foundational security.