BUSINESS
MOODY’S, NASDAQ AND MANY OTHERS CHOOSING LITHUANIA FOR CYBER SECURITY GBS FUNCTIONS
Assigning cyber security operations to GBS centres is a smart move for international companies. But finding the right location for such a centre can be a serious headache. Suitable locations need to have both fast, secure IT infrastructure and a strong pool (and future pipeline) of IT talent. Affordable locations offering this com bination are few and far between. That’s why Lithuania, which is ranked 4th globally in the Cyber Security Index, is proving so attractive to global company groups in terms of cyber security oper ations. The likes of Oracle, Nasdaq and Outokumpu already have cyber secu rity teams in Lithuania, while Moody’s is on the way to building its cyber secu rity capabilities in Vilnius. With a strong pipeline of talent and a clearly defined National Cyber Security Strategy, there’s plenty of room for future growth.
processes that are more deeply intercon nected than ever, a major cyber attack could have catastrophic consequences.
GBS AND CYBER SECURITY – A SMART COMBINATION To face this ever-changing threat, compa nies need to be innovative and respon sive, constantly updating their cyber defences to meet the latest dangers. And increasingly, global companies are using the GBS model as the most effective way to manage their Cyber Security opera tions. By centralizing their cyber security team in one location, it becomes easier to adopt new innovative solutions. These teams are also more effective at focusing the limited time and resources a company has on mission-critical cyber services.
Two features characterise the ideal loca tion for a cyber security team. The loca tion needs to have fast, well-developed and robust IT infrastructure. It also needs a wealth of IT talent from which to build a team of experts capable of responding to the latest threats.
FULL VERSION OF THIS ARTICLE IS AVAILABLE ONLY IN PAPER EDITION OF OUTSOURCING&MORE MAGAZINEOR ON THE PRO PROGRESSIO WEBSITE. THE EVER-CHANGING FACE OF CYBER SECURITY
The number of cyber attacks made against organizations around the world is increasing every year. Worse still, the complexity and severity of these attacks is also growing, as criminals search for ever-more sophisticated ways to break through a company’s cyber defences. With huge amounts of both company and customer data in their systems, and
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Finding this combination is already a tall order, without even factoring in cost. This is not an area of operations where you want to cut corners, so low cost locations that don’t offer the quality needed are out of the question. On the other hand, building a team of high quality IT experts is prohibitively expensive in many cities and countries.
LITHUANIA OFFERS QUALITY INFRASTRUCTURE AND TALENT
FINDING A HOME FOR YOUR CYBER SECURITY TEAM
Lithuania offers the IT infrastructure and talent businesses need for cyber secu Finding the right model for managing rity, and at competitive costs compared cyber security (a GBS approach) is to other EU locations. an important first step, but executing this model well is just as important. And Ranked 4th in the Global Cyber Secu one of the critical decisions a company rity index, Lithuania’s IT infrastructure has to make is where to locate the GBS is well suited to cyber security opera centre that manages their cyber security. tions. It is robust, with a strong focus
Outsourcing&More | March–April 2020
