Melbourne, Australia and Bangalore, India: December 5, 2019:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced the launch of its NextGen Cyber Defence Centre (CDC) in Melbourne, Australia.
With the launch of this centre, Wipro aims to make substantial investments to upskill its employees, hire more local resources and generate more than 100 jobs in Melbourne for cybersecurity specialists. Wipro also plans to launch similar CDCs in other cities in Australia and offer cyber resilience and provide digital protection to large government organizations.
According to Wipro’s recently released State of Cybersecurity Report 2019 (in which 10% of the global organizations surveyed were from Australia), 55% of the respondents highlighted digital lockdowns due to ransomware attacks are their top cyber risk. The worldwide breach rate i.e. number of records stolen per sec has gone up to 232 records per second from the previous year’s average of 88 records/sec. In the same report, only 25% of respondents said that they are carrying out security assessments in every build cycle before pushing applications out to the internet.
The Cyber Defence Centre is the first local shared security operations centre for Wipro in Australia and will provide customers with the ability to rapidly expand capacity and run their security operations in compliance with the local data requirements. Wipro’s NextGen 24/7 Security Operations Centre will assist customers to actively manage their cyber risks by leveraging managed services around threat intelligence, security monitoring and analytics, vulnerability management, incident response and regulatory compliance.
The lab was inaugurated by Tim Pallas, Minister for Economic Development, Parliament of Victoria in the presence of customers, technology partners, leadership team and local employees.
"Melbourne is Australia’s leading tech city and we welcome this investment by Wipro – a leading global information technology company. The establishment of this Defence Centre will strengthen Victoria’s capability in cyber security and draw on the local expertise to help Wipro protect Australian organizations from cyber related incidents," said Tim Pallas, Minister for Economic Development, Parliament of Victoria.
Manoj Nagpaul, Senior Vice President, Head Asia Pacific, and Japan, Wipro Limited said, “We will offer our customers in the Australian market the ability to leverage our global experience, technical expertise and strategic cyber investments to secure their digital operations. Our CDC will be equipped with state-of-the-art technology enabled infrastructure with continuous security monitoring, a large pool of experienced security professionals and a global delivery model to achieve and scale highly secure integrated platforms.”
The centre is aimed to build a robust cybersecurity model that fortifies the digital business of customers across industries. Wipro’s expertise in Risk Intelligence, Physical Security Convergence, Data Governance, Security Management, and Identity Management, helps leading brands across the globe mitigate cyber threats.
“The launch of the centre in Melbourne showcases Wipro’s commitment to leverage local talent and specialized expertise to cater to the cyber security needs of the region. The Cyber Defence Centre will enable customers to implement or expand capacities of their in-house services related to vulnerability management, threat intelligence, threat detection and incident response,” said Raja Ukil, Senior Vice President & Global Head, Cybersecurity and Risk Services, Wipro Limited.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.