Pakistan’s Supernet secures multi-million-dollar cybersecurity contract from major bank

Supernet Technologies Limited secured a multi-million-dollar cybersecurity contract through its subsidiary, Supernet Secure Solutions Pvt Limited, further strengthening its footprint in Pakistan’s financial services sector.

The five-year contract was awarded by one of Pakistan’s largest banks, the company said in a statement.

It said that this was the second consecutive mandate, following the successful execution of an earlier five-year contract awarded in 2021.

“Under the renewed agreement, Super Secure will deploy an upgraded and more advanced cybersecurity solution aimed at strengthening the bank’s digital infrastructure.

The project includes the implementation of endpoint security systems designed to protect more than 10,000 employees nationwide, addressing one of the most critical areas of cyber risk for financial institutions.”

Supernet said that the contract value falls in the multi-million US dollar range, indicating a significant addition to its cybersecurity revenue pipeline over the next five years.

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In addition to this mandate, Super Secure was already engaged with the same client on a three-year privileged access management solution and has previously supported the bank’s international operations through various cybersecurity services, said the statement.

The company stated that the financial impact of the newly awarded contract is expected to remain positive over the life of the agreement, contributing to its long-term growth trajectory.

“Market observers note that repeat contracts of this scale reflect strong client retention and growing demand for advanced cybersecurity solutions within Pakistan’s banking sector, which continues to expand its digital footprint amid rising cyber threats.”

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