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Friday, 8 July 2011

Symantec targets Sarawak market

Symantec Corp, a provider of security, storage and systems management solutions, is eyeing Sarawak as one of its targeted markets due to growing opportunities.

Its Malaysia country manager, Alex Ong, said Sarawak, currently ranked among the top three states in terms of market share outside Kuala Lumpur, had seen strong growth.

"This year we are eyeing government-linked companies besides the small and mid-sized business sector. They are increasingly leveraging on the internet to strengthen their brand and boost growth," he told a media briefing on
"Protecting Critical Information of Businesses and Government in Sarawak" in Kuching today.

Currently, Symantec has a 28 per cent market share in security software and 41 per cent in storage software in the country, he said.

Ong said with the rapid increase in cyber threats, local usinesses needed to prioritise the protection of critical business information and intellectual property.

"Information protection is critical for businesses in Sarawak as the state continues to invest to develop its infrastructure and high-technology industry and build a knowledge economy.

"They also need to be ready to protect against human errors and information technology system failures due to floods, fires and power failures," he said.

Meanwhile, Symantec South Asia region principal consultant, Nigel Tan, said the company was expected to launch its new version of the Endpoint Protection 12 product by year-end.

"The product is designed to detect and block sophiscated new threats earlier and more accurately," he said.

He said Symantec's latest Internet Security Treat Report (Volume 16) showed an over 286 million new threats globally last year.

"Last year, Malaysia was ranked 38th among countries globally on Internet malicious activities," he said. -- Bernama
by:Business Times

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