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
 Jul 1 2016 - Qatar, Indonesia join forces in gas searchMENAFN
(MENAFN) Indonesia is seeking partnership with Qatari top firms such as Qatar Petroleum or RasGas for gas exploration on its land, based on recent reports.Indonesia already sees and realizes the ...

 Jul 1 2016 - UAE seeks for India to be top business partnerMENAFN
(MENAFN) India is forecasted to surpass Japan as the top export destination of the UAE by the year 2030, according to the latest reports.Japan and India stood at 11 percent and 6 percent respectively ...

 Jul 1 2016 - Omani Port of Salalah initiates new crucial line servicesMENAFN
(MENAFN) Oman's Port of Salalah, a key Arab Gulf region gateway port for the Arabian Sea, is going to have French-based CMA CGM, the world's third-largest container shipping line adding two new ...

 Jul 1 2016 - Kuwait oil price up 54 cents to USD44.66 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The price of Kuwait oil went up by 54 cents to reach USD 44.66 per barrel Thursday after trading at USD 44.12 pb the day before, said ...

 Jul 1 2016 - Sabbiyah shrimp project to achieve production boom - studyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- The proposed Sabbiyah shrimp farming project expected to be a leading one is designed to achieve a production boom to meet the rising ...

 Jul 1 2016 - Kuwait- No makeshift eid prayer locations -- ministryKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- Eid Al-Fitr prayers will be confined to mosques and no makeshift prayer places will be set up, the Ministry of Awqaf and Islamic Affairs ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Rwanda on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Rwanda''s President Paul Kagame ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulatesc Canada on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to General Governor of Canada David ...

 Jul 1 2016 - Kuwait- His Highness the Amir congratulates Burundi on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) KUWAIT, July 1 (KUNA) -- His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable of congratulations Friday to Burundi''s President Pierre ...

 Jul 1 2016 - Saudi Arabia condemns Bahrain blastKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) JEDDAH, July 1 (KUNA) -- Saudi Arabia has condemned "the terrorist act" that happened in eastern Bahrain killing a woman and injuring her children. The official ...

more...


 





Google

Easy Forex

 
 

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