Singaporean Firm To Enter Nascent Cybersecurity Market

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081916-b2b-news-singaporean-firm-to-enter-underdeveloped-cybersecurity-market

Singaporean IT consultancy Lantium announced yesterday it had entered into a joint venture with local investment firm KH Niron, marking the firm’s entrance into Cambodia’s underdeveloped cybersecurity market.

“It is a new market but it is not a big enough market to attract big players, which means the competition right now is very small,” said Jeff Middleton, president and CEO of Lantium. “As Cambodia grows and its GDP increases, people will get wealthier and the threats will start to appear.”

Middleton also explained that Cambodian companies have little knowledge of how cybersecurity threats can affect their businesses. He said that many will wait until they know they have been hacked to seek cybersecurity services.

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