Hackuity has committed to growing the team by 100 percent over the next two years and bringing its services to businesses in APAC. Currently, the APAC team is powered by seven talented individuals and the company plans to double the figure while growing its regional operations in Singapore. The company provides breakthrough technology solutions that rethink the way of managing IT vulnerabilities in enterprises.

“We are extremely excited to bring our offerings to APAC and expand across the region from our regional headquarters based in Singapore. This is an important step towards our global expansion, with Singapore being a big first step in our business development plans in the region. We are also seeing strong potential across the region, which has observed a growing number of cybersecurity threats in recent years. Together with Singapore’s tech-savvy government, a leader in establishing urban policy best practices, and one of the world’s leading technological hubs, Singapore is the perfect place to demonstrate our value – bringing clarity to chaos,” said Pierre Samson, Chief Revenue Officer (CRO), Hackuity.

According to findings from a recent IDC Asia/Pacific Security Sourcing Survey 2022, cybersecurity is a critical investment area for organizations in Southeast Asia as the region embraces a digital-first approach. The same survey also revealed that Southeast Asian organizations spending on cybersecurity (services, software, and appliances) reached US$3.2 billion in 2021. This figure is expected to increase at a five-year CAGR of 13.6 percent to reach US$6.1 billion by 2026.

Closer to home, Singapore has recently set up an inter-agency task force to help businesses as well as research and educational institutions tackle the growing threat of ransomware. The new Counter Ransomware Task Force aims to protect Singapore’s enterprises, especially since the number of ransomware attacks rose 54 percent in Singapore from 2020 to 2021, said the Cyber Security Agency (CSA).

Hackuity’s accurate vulnerability management cockpit helps aggregate, normalize, and orchestrate all security assessment practices and enrich the findings with threat intelligence feeds which enable threat prioritisation and exposure management.

The APAC team has recently moved into Singapore’s Central Business District with its new office in Raffles Place along Battery Road. In addition, Hackuity has also participated in CSA’s Cybersecurity Industry Call For Innovation 2022, which supports the Singaporean government’s initiative to protect enterprises from cyberattacks. In the near term, Hackuity’s immediate priorities are to continue the strong momentum moving into 2023 and beyond, focusing on customer acquisition and its APAC growth strategy.