Our expansion plans will be guided by the push towards sustainable scale
TAC Security specializes in securing the IT infrastructure and data & digital assets of prominent Enterprises, Governments’ organisations & departments, PSUs, etc. globally, including some of the Fortune 500 companies. It has established strong footprints in the North American market, announced the commencement of operations in the African market and are looking forward to expanding operations in the Australian and European markets. Trishneet Arora – Founder & Chief Executive Officer, TAC Security emphasizes more on these details during an interview with VARINDIA -
How big is the cybersecurity market in India and what role do you envisage to play in it, now that you have become a leading name in the security domain?
India’s rapid digitisation trajectory has led to a substantial increase in the demand for robust cybersecurity. The market for cybersecurity solutions, services, and products, as a result, is registering an explosive growth and is expected to grow to $35 billion in the next 5-6 years, up from around $4.5 billion in 2018.
Now, in this ever-evolving tech landscape, harnessing the power of digital tools and services without exposing themselves to emerging and existing threats will require enterprises to have a sharp, forward-looking cybersecurity strategy in place. This demands greater visibility into their networks and the vulnerabilities they currently face or will face in the future.
Why? Because, without real-time visibility into their network security profiles, organisations will not be able to ensure strong defence against sophisticated attacks on their networks, devices, and data – despite spending huge amounts of time and resources. The recent boom in the number of high-profile security incidents targeting large organisations with in-house security teams is proof that the future of cybersecurity lies in network visibility and vulnerability mapping. This is exactly where TAC Security steps into the picture.
As a leading global cybersecurity player, we deliver state-of-the-art vulnerability management and application security solutions to our enterprise customers – such as our AI-based Vulnerability Management Platform, ESOF (Enterprise Security in One Framework). Our constant focus on innovation ensures that we continuously augment our operations and improve our offerings to help prepare organisations to tackle the increasing scale and sophistication of the threat landscape. True to its vision of “Securing Cyberspace: Securing Future”, TAC Security will be protecting the digital ecosystem with its cutting-edge solutions and services.
How big is your company today in terms of your presence globally? What will be your further expansion plans?
At present, TAC Security protects transactions to the tune of INR 1 trillion every year through the ESOF platform. We have a distinguished portfolio of more than 150 clients, including several government agencies and domain-leading businesses. TAC Security is also the first Indian cybersecurity company to be involved in cybersecurity policymaking and strategy for a US-based law enforcement agency.
We are responsible for the end-to-end security assessment of all UPI-based applications and, since 2017, have worked closely with the National Payments Corporation of India. TAC Security has been appreciated multiple times by NPCI for being a part of Prime Minister Modi's "Digital India" vision.
Our expansion plans will be guided by the push towards sustainable scale and will see us consolidate our presence in key markets such as India and the US, as well as making a dedicated push to gain a firmer stronghold in other high-growth international markets. We are confident that, with our differentiated value proposition, we will capture a much larger share of the international cybersecurity market in the coming years.
What are some of the cybersecurity trends that you witness in the market today?
Data, without a doubt, is the new gold of today’s information age. Public and private organisations are sitting on veritable mountains of data. This data represents an unparalleled opportunity to optimise operations, improve service delivery, and increase the level of end-user satisfaction.
However, in the wrong hands, this data can prove extremely damaging – for the victims, as well as for the organisation’s business, market reputation, and growth prospects. This is why we are now seeing large-scale data protection policies, such as the EU-GDPR and the draft bill based on the Srikrishna Committee Report, being implemented across the world.
Enterprises are already aligning themselves with this changing dynamic and are now adopting strong data protection and data security solutions to keep their critical business and user information safe from cybercriminals. We also foresee a huge growth opportunity in the field of IoT security, given the growing push towards BYOD-led workplaces and the increasing technological integration at homes and workplaces.
Could you tell us about some of the prominent customers and organizations you are associated with today and the kind of work that you are doing for them?
TAC Security is a cybersecurity start-up empanelled by CERT-In, the Ministry of Information Technology, the Government of India. We are working with domain-leading organisations such as Bharti Airtel, Reliance Industries, National Payments Corporation of India (NPCI), DHFL Pramerica, NSDL, and HDFC. In addition to it, we are also working with various government agencies, both in India and globally. Our clients leverage ESOF, a one-of-its-kind security intelligence dashboard that uses AI-based algorithms to track vulnerabilities and provide real-time insights and solutions. We also provide security auditing, vulnerability assessment, and network penetration testing services to our clients.
What would be your future plans in taking your legacy forward?
To build on the success that TAC Security has received in the market, we will focus on bolstering our key growth drivers – vulnerability management, penetration testing etc. – while also deploying innovative products in step with evolving market requirements. For instance, we have recently launched ESOF 2.0 and are also coming up with a threat hunting product. These new offerings will be essential to helping organisations understand their threat exposure to new-age attacks and allow them to deploy the most relevant security measures to address the same.
We will also be looking at the geographical expansion of our portfolio of offerings by becoming the preferred cybersecurity partner for more businesses at a global level. We believe that our solutions and services will be extremely well-received by organisations, especially in fast-transforming sectors such as healthcare, BFSI, and education etc.