Some of the biggest corporations, including Russia's largest oil company Rosneft, Ukraine's international airport, shipping firm AP Moller-Maersk, and advertising giant WPP had come under the cyber-attack in June this year.
Companies, big and small, are now prioritising IT security related investments in a bid to fortify their operations in the current threat landscape. The prevention of online threats has become even more critical given the increased digitisation and adoption of digital payments in India.
"We are seeing an unprecedented levels of cyber crime and cyber attacks at the moment," Symantec CEO Greg Clark said pointing to "audacity and boldness" of cyber criminals to unleash such attacks.
Through the partnership, the two companies will target the IT security requirements of large enterprises, small and medium businesses, as well as the government.
"We think this is a rising tide...It will have decades of constant recurring revenues. Cyber-crime is a new theatre of crime...of warfare...that will be with us for centuries. We think the alliance is well positioned to benefit from that rising tide," Clark told reporters.
As per the agreement, Airtel will be the exclusive cyber-security services partner for Symantec in India and distribute the latter's enterprise security software.
Gopal Vittal, the MD and CEO (India and South Asia) of Bharti Airtel, said while the service provider had so far been a customer of Symantec, the alliance now paves the way for two to take the security solutions to the market.
The two companies, however, did not give the revenue projection for business they will target in the coming years through the alliance.
Symantec has blocked over a billion Petya and Wannacry infection attempts since the launch of the two malware platforms and they are an example of the risks, "both financial and mission critical" which organisations are facing, Clark said.
In a joint statement here, the companies said as the Indian enterprises embrace cloud applications and infrastructure, they require security technologies built for the new cloud-based environment.
The partnership leverages Airtel's business to business reach and Symantec's Integrated Cyber Defense Platform, the statement added.
Airtel Business services over 2000 large enterprise accounts, and 2.5 lakh corporate and tech start ups with its integrated telecom solutions, and also addresses requirements of central and state government departments.
Its offerings emcompass areas like voice, data, video network integration, data centres, managed services, and enterprise mobility applications.