Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Middle East's cyber security market to cross $25b mark: Airbus  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Company unveils new solutions keelback and stormshield

cyber security market is growing 10 per cent year-on-year globally and estimated to be 66 billion while the middle east’s market size is expected to cross 25 billion mark in the next decade.

this was disclosed by guy meguer general manager in middle east for cybersecurity at airbus defence and space at a news conference on the sidelines of the second edition of gulf information security expo and conference (gisec) in dubai.

a lot of investment has been done by the uae in cycbersecurity meguer said adding that the country’s market size is nearly 40 per cent of the region’s total spending which is great and important. citing examples of saudi arabia oman and qatar he said that other countries are also doing in same way.

during the news conference the company unveiled its new cyber security solutions for the region which is already popular in europe. the company’s new security solution is in two parts — keelback and stormshield — and compliment each other he said adding that target sectors are banking oil and gas companies and top government departments in the region.

without disclosing the name meguer said airbus defence and space has been awarded a contract by a major middle eastern oil and gas company to undertake a security audit of the company’s it and industrial control systems (ics).

the purpose of the audit is to test all deployed safeguards to identify any weaknesses that could be exploited by hackers to infiltrate the company’s it or ics. airbus defence and space cyber teams are checking the infrastructures wired and wireless network access services and applications so as to uncover all potential vulnerabilities that could be exploited by hackers to infiltrate pcs plant malware and eventually breach the system.

the hackers’ aim usually is to bury deeper and deeper into the system so that they are able to gain control extract data and/or inflict maximum damage on the targeted company. “for several years this region has been targeted by wide-scale cyber attacks for espionage or sabotage means resulting in serious damage caused to companies and facilities. that is why our cybersecurity experts have developed a systematic audit process to find any potential vulnerabilities” meguer explained.

the company offers its latest technology solution named keelback capable of identifying cyber attacks to provide continuous monitoring and immediate alarms and if need be to stop intrusions. stormshield provides complete protection to clients’ workstations and servers.

meguer said: “our innovation is focused on delivering security without compromise to companies of all sizes against ever more frequent and prominent attacks including apts. our solutions provide the highest standards of reliability and ensure that the most sensitive information can be adequately protected against security breaches.”

— abdulbasit?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Feb 1 2015 - HMG wins Excellence Prize for patient care from Arab HealthArab News
(MENAFN - Arab News) Dr. Sulaiman Al-Habib Medical Group (HMG) continues its noticeable attendance in the Arab Health Exhibition in Dubai this year as it has been rewarded with the Excellence Prize ...

 Feb 1 2015 - How to get a job done for 5 onlyArab News
(MENAFN - Arab News) It sounds like a crazy idea but you can actually get a brand new logo for your company or get 250 words translated or 1500 words proofread or your personal piano player for just ...

 Feb 1 2015 - Etihad Airways appoints first female Emirati airport managerArab News
(MENAFN - Arab News) Etihad Airways the national airline of the UAE has appointed Fatima Al-Kharousi as the first Emirati female airport manager. Based in Nagoya Japan she will be responsible for ...

 Feb 1 2015 - Saudi- Facebook beats forecasts with strong profit gainsArab News
(MENAFN - Arab News) SAN FRANCISCO: Facebook said that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash.While ...

 Feb 1 2015 - Facebook beats forecasts with strong profit gainsArab News
(MENAFN - Arab News) SAN FRANCISCO: Facebook said that profit soared on the wings of mobile ad revenue but stressed it is more concerned with investing in the future than making quick cash.While ...

 Feb 1 2015 - Israeli occupation forces Arrest 10 Palestinian in West BankQatar News Agency
(MENAFN - QNA) Israeli occupation forces arrested since dawn today10 Palestinians in the West Bank amid heavy gunfire during incursions into the West Bank cities of Hebron, Bethlehem and ...

 Feb 1 2015 - 'Qatar Green Building Conference' to Take Place in Doha in AprilQatar News Agency
(MENAFN - QNA) Qatar Green Building Council (QGBC), a member of Qatar Foundation for Education, Science and Community Development (QF), has announced its upcoming inaugural annual conference. The ...

 Feb 1 2015 - Jordanian Government Condemns Execution of Japanese HostageQatar News Agency
(MENAFN - QNA) The Jordanian government strongly condemned on Sunday Daash killing of Japanese hostage journalist Kenji Goto. Jordanian Minister of Information Affairs and Government Spokesman Dr. ...

 Feb 1 2015 - Qatar Armed Forces General Command Issues Precautionary WarningQatar News Agency
(MENAFN - QNA) Qatar Armed Forces General Command forces has announced that the marine shooting range (O.B.D-28), located east of Mesaieed near Fasht Al-Hadid, will be active during the period from ...

 Feb 1 2015 - Qatar Computing Research Institute, Boeing to Host MLDAS 2015 in MarchQatar News Agency
(MENAFN - QNA) Building on the overwhelming success of last year's inaugural symposium, Qatar Computing Research Institute (QCRI) and Boeing are once again partnering to host the second edition of ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help