Faritec has officially launched its R8 million Security Operations Centre (SOC), offering managed security services to companies on a subscription basis.
Gordon Love, Faritec head of security services, says the centre went live on 1 December and Faritec has since acquired 14 clients who are pro-actively protected from hackers, viruses, worms, denial-of-service attacks and other threats by Faritec`s security specialists.
"The market has been promising a solution like this for the last four years. However, Faritec is the first company to build a facility of this kind on the African continent. We offer the service either as a monitoring service for companies, or monitor and implement the security they need to prevent a security breach," he says.
The security personnel in the SOC are assigned to specific clients and take all the information that is fed in from the companies through a secure connection, monitor it and apply intelligence to it, Love says. "In doing so we are able to be proactive in managing threats to our clients."
The centre is also connected to a global early warning network so that Faritec can monitor threats from all continents as well as supply the world with news of any threats that may originate locally.
"With 80% of companies having experienced a security breach in 2003 and these security breaches costing the economy R1 billion a year, it is clear that most companies simply do not have the resources, technology and information to gather and analyse such vast amounts of security data. With the SOC, Faritec can offer clients a greater degree of security than they could ever do on their own," he says.
Faritec expects the SOC to deliver revenue of R25 million within the first year and aims to have a revenue stream of approximately R170 million by 2006. Love says the solution is scaleable from a company with one server and 10 desktops to a company with 100 servers and 1 000 desktops.
He says the SOC offers full redundancy, featuring a bunker-style construction with multiple layers of security, including biometric iris scanning, key-cards and constant video surveillance. It also has independent heating, ventilation and air-conditioning systems, all of which are backed up by a generator in case of power outages.
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