Cybersecurity gets boost

Source: Xinhua | 2017-11-16

FINANCIAL service firm EY aims to double the size of its cybersecurity team in China “within next 18 months” to meet surging demand in the market where its cybersecurity revenue soared 50 percent annually, Shanghai Daily learned yesterday.

EY, one of the Big Four accounting companies, is also seeking merger and acquisition opportunities in China, Paul van Kessel, leader of EY Global advisory cybersecurity team, added.

EY plans to have 300 security specialists in eight Chinese cities, including Shanghai, hopefully within next 18 months, double the current level, van Kessel said in an interview in EY Shanghai office.

Demand for cybersecurity, which covers issues like careless employees opening emails or links with malware, ransomeware attacks and compliance with national security laws, has surged among companies in China.