Flashpoint has officially announced its expansion into the Asia Pacific market, with a significant focus on Singapore, Japan and Australia.
This follows the recent appointment of Jankang Tao as the mananging director for the region in April.
"I am excited to collaborate with esteemed experts in all sectors throughout the region to combat insider threats, fight fraud, and mitigate third-party risk, among many other use cases,” said Tao.
Tao joined the cyber security specialist with 16 years of previous experience leading regional business initiatives for Internet Security Systems, IBM, JouleX, and Cisco.
The regional play comes at a time of increased cyber attacks globally, with a the UK and US making accusations against Russia for a recent spate of attacks.
In Singapore’s context, a recent report from Frost & Sullivan found that an estimated US$17.7 billion could be at risk due to cyber security incidents; representing six per cent of Singapore’s total GDP at US$297 billion.
The opportunity for commerce and the growing prosperity of the region were also seen as key factors in the decision to grow its presence in the Asia Pacific region.
“We are excited to be ramping up our presence in Asia-Pacific,” said Josh Lefkowitz, Flashpoint CEO and co-founder. "Not only will this expansion provide Flashpoint with ample opportunity to partner and collaborate with leading experts in the region, it will enable us to provide even more organisations with a decision advantage over a broad spectrum of threats and adversaries."
Flashpoint sees its solutions as particulary suitable for the region given the ongoing complexity of the Asia Pacific threat landscape.
In addition, the specialist seeks to deliver business risk intelligence as a means to combat insider threats, reducing risk and provide a decision advantage over threats and adversaries.