Russian cybersecurity firm to open Singapore office in 2019

Group IB has a 300-people team serving clients like banks and telcos.

Reuters reports that a Russian cybersecurity group called Group IB will open a global headquarters in Singapore in 2019.

According to CEO Ilya Sachkov, who runs a team of more than 300 people, the timing of the Singapore move was right. The company’s clients include banks, energy companies, telecom firms ranging from Russia to Latin America, Canada, the United States and Britain.

“It is Asia’s financial centre - and our business does well in Asia. Singapore is the first country which bought our products ... Interpol’s cyber-crime headquarters, with which we are cooperating, is located in Singapore,” Sachkov said.

The move to Singapore comes as Russia and the West are in a stand-off over denied allegations that Moscow meddled in the US elections, Reuters said.

The company also has offices in London, New York and Dubai.

Read the full report here.