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
 May 28 2016 - Pakistan predicts 10 percent hike in exports to UAEpakisMENAFN
(MENAFN) Pakistan is aiming at a 10 percent increase in exports to the UAE, which has touched USD3 billion in its last fiscal year 2014-15.The y-o-y joint trade capacity has climbed 11 percent to ...

 May 28 2016 - UAE crushes regional rivals as top business hubMENAFN
(MENAFN) Emirati growth in financial and business services, trade and logistics, and tourism activity, over the last couple of decades, has played an important role in fueling Dubai's emergence as a ...

 May 28 2016 - Egypt works hard to establish local car manufacturingMENAFN
(MENAFN) Egypt is qualified and well prepared for the establishment of a real automotive industry based on manufacturing, rather than assembly, as explained and stressed by the nation's Minister if ...

 May 28 2016 - Kuwait's index bounces 45.63 pts volume soarsArab Times
(MENAFN - Arab Times) Kuwait stocks swung higher on Wednesday, as sentiment brightened on rising oil prices and positive regional cues The bourse, after a tame start, jumped 45.63 points to 5368.25 ...

 May 28 2016 - KIPCO hosts 'Speed of Trust' seminar by CoveyArab Times
(MENAFN - Arab Times) The Kuwait Projects Company (KIPCO) hosted Stephen M.R. Covey on his first trip to Kuwait. Covey is a renowned keynote speaker and advisor on trust and leadership and the author ...

 May 28 2016 - Kuwait bourse indices post weekly gainArab Times
(MENAFN - Arab Times) The KSE Indices witnessed a positive week as the KSE price index closed with 5,396.67 an increase of 1.36% up 72.62 points compared to the previous week. As the MUDX remained ...

 May 28 2016 - Muslim mob attacks Christian homes in CairoArab Times
(MENAFN - Arab Times) An Egyptian appeals court has overturned five-year prison sentences for 47 people for participating in unauthorised protests, but upheld fines of more than $11,000 each, ...

 May 28 2016 - Dubai police patrol in luxuryArab Times
(MENAFN - Arab Times) Image is everything in Dubai € even when fighting crime. Police in this desert metropolis have built up a high-horsepower arsenal of luxury sports cars and SUVs over the years ...

 May 28 2016 - Coalition pounds DAESH in RaqaArab Times
(MENAFN - Arab Times) Warplanes from the US-led coalition have pounded the Islamic State group with at least 150 strikes to bolster a major offensive on the jihadists' Syrian stronghold of Raqa, a ...

 May 27 2016 - Qatar- Five key clashes in the Champions League finalThe Peninsula
(MENAFN - The Peninsula) The 2016 UEFA Champions League Final logo at the Piazza Duomo in Milan, Italy, on 26 May 2016. EPA/DANIEL DAL ZENNARO Madrid:Real Madrid face local rivals Atletico Madrid ...

more...


 





Google

 
 

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