UAE- 50 of GCC firms can't prevent cyber attacks

4/4/2016 6:36:11 PM

(MENAFN- Khaleej Times) Corporates need to move to an advanced form of security which is more predictive as they can no longer assume that they may not be hacked said Niraj Mathur security practice manager Gulf Business Machines (GBM) a provider of IT solutions.

GBM is headquartered in Dubai with six locations in the GCC and a presence in Pakistan. The company registered a growth of 60 per cent in 2015 and is expecting to sustain the same level in 2016.

The company recently released a survey stating that nearly 50 per cent of GCC executives lack confidence that their organisations have the right tools to predict and prevent cyber attacks.

GBM's security survey was unveiled at Gulf Information Security Expo and Conference. The annual GBM Security Study 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 their employers conduct regular third-party security assessments while 40 per cent of firms have a dedicated IT governance risk and compliance function.

Hani Nofal vice-president of networks security and mobility at GBM said: "Security is no longer strictly an IT function but companies across the region increasingly understand that this is a boardroom and organisational conversation."

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