UAE- '50 of GCC organisations can't predict prevent cyber attacks'

3/30/2016 6:35:50 PM

(MENAFN- Khaleej Times) Gulf Business Machines or GBM the region's number one provider of IT solutions has revealed that nearly 50 per cent of GCC executives lack confidence in their organisations in having the right tools to predict and prevent cyber attacks.

The statistic is part of GBM's latest security survey which was unveiled at Gulf Information Security Expo and Conference (GISEC) 2016. The annual GBM Security Study now in its fifth year polled over 700 executives and IT professionals based in the UAE Qatar Oman Bahrain and Kuwait.

Corporate investment in IT security is a major focus of the GBM survey and despite internal and external threats to organisations 71 per cent of executives confirmed that their IT security budgets will either stay the same or decrease in 2016.

In response to whether their organisations hire external consultants to help guard against cyber threats 48 per cent of respondents said that their organisations conduct regular third-party security assessments while 40 per cent of organisations have a dedicated IT governance risk and compliance function.

Discussing the security survey at GISEC Hani Nofal Vice President of Networks Security and Mobility said: "Security is no longer strictly an IT function but companies across the region increasingly understand that this is a boardroom and organizational conversation."

Sandhya D'Mello Journalist. Period. My interests are Economics Finance and Information Technology. Prior to joining Khaleej Times I have worked with some leading publications in India including the Economic Times.

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