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Saturday, October 22, 2016 - Dubai

LogRhythm: The Cyber Security Market Will Reach AED35 Billion in 2019

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Logrhythm 2016 10 22 al bayan pg16 feature

A new report published by “Markets & Markets” which is specialized in internet security research is predicting that the volume of software and the cyber security terminals in the Middle East will reach 35 billion AED (9.56 billion USD) in 2019 and that the annual growth rate of this market is up to 13% since 2014.

Experts warned of the increased attacks targeting corporates websites in the Middle East, especially SME, compared with other regions in the world, particularly by the technical maintenance services providers, that the number of attacks sent by their resources grew by 22% last year.

Threats

Mazen A. Dohaji, director for the Middle East and North Africa (MENA) region at at “LogRhythm”, the Cyber Security Intelligence Company said that studies show that the companies in the region are exposed to the biggest cyber security threats, as the average of the exposure of the middle east to these threats by 85% against the global average by 79%.

 “With the growth of the Middle East, there is an increasing need for cyber security. The region, with its governmental authority and companies, significantly works on adopting “smart” technologies to its infrastructure. He adds.  

But this increases the exposure to cyber security threats, where the “smart” initiatives require using “smart” devices which will put its users under the cyber forensics. For this reason, we focus on offering the various “smart” initiatives emerging in the region with cyber defense mechanisms.  

We seek to prepare our clients to take advantage of the “smart” future that cannot be achieved without an efficient system of cyber-security. Dohaji called for the need to spread awareness about the importance of information security intelligence, pointing out that “LogRhythm” enables organizations around the world to detect, respond to & neutralize the cyber threats.

E-MAIL US: info@tcf-me.com

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