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Cryptocurrency Ransom Attack Payments Hit All-Time-High Of US$1 Billion

Deepak
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After an encouraging decline in 2022, the ransomware landscape saw a major escalation in the frequency, scope, and volume of attacks, resulting in victims paying out over US$1.1 billion in cryptocurrencies to cyber criminals last year. The findings, which are part of Chainalysis’ upcoming 2024 Crypto Crime Report, also highlighted that ‘big game hunting’ — where malicious actors aim to collect larger payments when successful — has become a winning strategy over the last few years, with 75% of ransomware […]

Middle East Cyber Security Market To Reach $23.4 Billion By 2028

Deepak
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Researchers at Marketsandmarkets predict that the cyber security industry in the the Middle East will likely hit 23.4 billion USD by 2028, showing a CAGR of 9.6% between 2023 and 2028. The Kingdom of Saudi Arabia’s Vision 2030 was also found to be a key driver, shaping the region’s cyber security market dynamics. As the KSA charts a comprehensive vision, it fuels advancements in digital security. Concurrently, the Middle East witnesses a flourishing startup ecosystem that intricately shapes the trajectory […]

CyberKnight Announces VAD Partnership With Proofpoint For Middle East & North Africa

Deepak
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To support enterprise and government organizations across MENA to better protect sensitive data, stop targeted threats while minimizing AI risks, CyberKnight has become a value-added distributor for Proofpoint. As a leading cybersecurity and compliance company that protects organizations’ greatest assets, Proofpoint helps companies around the world to safeguard their data and empower them to stop malicious email attacks, detect and prevent identity-based threats and defend sensitive data from theft, loss, and insider threats. This partnership will see CyberKnight selling, and […]

Barracuda Appoints New Chief Legal Officer And Chief Human Resources Officer

Deepak
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Barracuda Networks has announced Nell O’Donnell as its new Chief Legal Officer and Kim Mota as its new Chief Human Resources Officer. Both leaders bring extensive years of executive leadership experience to Barracuda, with successful track records of leading companies through business growth and expansion. As Chief Legal Officer, Nell is a seasoned general counsel with a wealth of experience in the areas of cloud technology and data security. Nell comes to Barracuda from her recent role as SVP, Chief […]

Jenn Jakubowicz Joins Netskope As Senior Director Of Global Channels And Alliances Marketing

Deepak
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Netskope has appointed Jenn Jakubowicz as Senior Director of Global Channels & Alliances Marketing, with worldwide responsibility for all aspects of global partner marketing execution. The role will be integral to the company’s go-to-market scalability, accelerating growth with its channel. Jakubowicz joins Netskope with over 20 years of marketing experience, where she held pivotal senior marketing leadership roles most recently with cybersecurity companies including LastPass and BlueVoyant. Her extensive knowledge and experience in scaling hyper-growth marketing initiatives will be instrumental in leading […]

IFS To Highlight Key Industry Solutions at IPTC, Saudi Arabia

Deepak
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IFS has announced its participation at the International Petroleum Technology Conference (IPTC) in Saudi Arabia on February 12-14, 2024. The company will be showcasing IFS Cloud tailored for the dynamic needs of energy organizations to reduce costs and risks, plan and manage workforce productivity and ideal for achieving sustainability goals. It will also highlight IFS Cloud EAM, a flexible asset management solution with embedded AI and the importance of incorporating asset performance management (APM) strategies that create incremental value around […]

Hikvision Rolls Out 2nd Generation Professional Access Control

Deepak
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Hikvision has unveiled its second generation professional access control products. The new products and functionalities represent a significant leap forward in access management and include innovations for web management, flexible authentication, professional access applications and converged & unified security solutions. The launch, which happened during a global online event last month, featured Hikvision’s access control product team who elaborated on the latest access control trends as well as Hikvision’s innovations in the field. “Throughout the past decade, Hikvision has remained steadfast […]

Check Point Launches Quantum Spark To Boost SMB Cyber Security

Deepak
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Check Point Software Technologies  has announced the launch of Check Point Quantum Spark 1900 and 2000, the latest additions to its next-generation firewall series for small and medium business (SMBs). These advanced security gateways are specifically engineered to protect SMBs from ever-evolving cyber threats. The new Quantum Spark security gateways offer high-performance network security at scale with zero-touch provisioning, advanced cloud management, and automated threat management capabilities, making them ideal for medium-sized businesses. In today’s digital age, small and medium-sized […]

Acronis Joins Microsoft Intelligent Security Association

Deepak
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Acronis has announced it has become a member of the Microsoft Intelligent Security Association (MISA), an ecosystem of independent software vendors (ISV) and managed security service providers (MSSP). MISA members have integrated their solutions with Microsoft security technology to build a better defense against a world of increasing cybersecurity threats. Acronis advocates for natively integrated applications and services commonly used by service providers to boost productivity and efficiency. Acronis Cyber Protect Cloud is an advanced single, integrated solution that reduces […]

Infopercept Appoints Preethkaran J As Chief Revenue Officer

Deepak
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Infopercept Consulting has announced the appointment of Preethkaran as Chief Revenue Officer. With over 20 years in the cybersecurity industry, Preethkaran brings a wealth of knowledge in the areas of IT risk transformation, security strategy, transformation, and governance. He has spent his career in various leadership and growth roles at companies including EY, KPMG, PwC, Capgemini, and EC Council. At Infopercept, he will be responsible for driving and maximising revenue for the organisation. “Infopercept is addressing the cybersecurity problem comprehensively […]

StarLink Eyes 40% Of MEA Cybersecurity Market Share

Deepak
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Starlink has announced its ambitious plans to achieve 40% of the MEA market share in 2024.  This will position StarLink as the leading distributor with the largest market share in cybersecurity across the Middle East and Africa accentuated by the superior technologies and delivery expertise compared to the competition. Commenting on the 2023 achievements and roadmap for 2024, Nidal Othman, CEO – StarLink said, “The success of 2023 is behind us. It was a remarkable year with a YoY growth of 26%. […]

Positive Technologies Helps To Fix Dangerous Vulnerability In Yealink

Deepak
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Yealink has thanked Positive Technologies for discovering the critical vulnerability BDU:2024-00482 in its Yealink Meeting Server videoconferencing system. Yealink is a prominent VoIP provider and is among five major online conferencing vendors. Its products are used in 140 countries. The vendor was notified of the threat per the responsible disclosure policy and released a software patch. PT SWARM experts found that an adversary who compromised Yealink Meeting Server at the external perimeter could develop the attack on the LAN if the latter lacked an adequately set […]
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