Saudi cybersecurity market forecasts 8% growth rate in 2019

(11/8/2018 8:47:00 AM)

The two-day, VirtuPort’s 6th annual Middle East and North Africa Information Security Conference 2018 kicked off in here on Tuesday. CEO Samer Omar, who inaugurated conference, stressed that the use of artificial intelligence and machine learning technologies is now necessary to protect the new and emerging digital companies against next-generation threats. Artificial intelligence and machine learning are two of the most important components in combating next generation cyber-attacks as their severity increase.

Omar highlighted the theme “A New Dawn – Leveraging Machine Learning & AI in Cyber Defense,” noting during his speech that the international participants from major global cybersecurity and technology, in addition to local companies, are all evaluating this new approach.

According to John Maynard, Vice President – Global Security Sales at Cisco Systems, “there is a significant increase in the use of IoT Devices. By 2020, the number of IoT devices is expected to reach 200 Billion devices, a figure, that should push cybersecurity professionals to develop effective strate

gies to combat potential threats.” During his speech titled “Threat Intelligence – Highlights from 1H 2018”, Richard Wray Senior Director, Consultant Engineering & Operations EMEA at Netscout | Arbor, revealed “`a shocking 174% increase in global max DDoS attacks with the largest DDoS attack recorded to date by Netscout | Arbor 1.7 Terabytes per second”. He highlighted that modular frameworks that can download new capabilities are now spending more time on worm techniques like EternalBlu, and crypto mining.

“By 2030, the number of Internet devices in the world will double to 125 billion,” said Gunter Reiss, Vice President of Worldwide Marketing & Business Development at A10. He added “the Internet is a network of physical devices, vehicles, home appliances and other components embedded with electronic devices, computers, sensors, drives and communication which enable these devices to communicate and exchange data.”

Kaspersky Lab’s Vice President of Corporate Business Veniamin Levtsov said in his speech entitled “Effective Security Strategy: Between Open Space and the bunker?” that limits and barriers are now common in information and cyber security and that when choosing a solution, our first step is to know the problems associated with data transfer and storage, as well as the need for the system to connect to the cloud services, which limits the choice of corporate information and cyber security

strategy.

“Rapid deployment of mobile devices, Internet of Things, and multi-cloud environments has eroded the boundaries of modern networks to provide effective protection and management, a strategic shift should be made to keep pace with the rapid development of the network infrastructure,” said Rayan Mohtasib, major account manager at Fortinet.

Saudi Gazette