MUMBAI: Tata Communications , the provider of telecommunications solutions and services, will hire 400 people and invest $50 million in its cyber security services business in the next three years, as companies look to combat the rise in cyber crime and data theft in India.Tata Communications puts software, appliances, hardware together to make a solution for enterprises to protect their information from cyber security risks. "The Indian market is fairly nascent because cyber security awareness is growing. Currently, the addressable market in India would be about $40-$50 million but is growing rapidly. "Banking, financial and insurance companies are a big spender on security because banking data is the most critical data we ought to protect. At present, the company has about a workforce of 100 cyber security experts in the division.

Source: Economic Times August 06, 2017 17:51 UTC