News

Relentless threat environment driving demand for Managed Security Services

Published

8 years ago

January 27, 2016

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Arbor Networks, the security division of NETSCOUT today released its 11th Annual Worldwide Infrastructure Security Report (WISR) offering direct insights from the global operational security community on a comprehensive range of issues from threat detection and incident response to staffing, budgets and partner relationships. For the first time, nearly half of the respondents were from enterprise, government and educational organizations, with service providers at 52 percent. Arbor’s long-standing customer relationships and reputation as a trusted advisor and solution provider make this report possible each year.

“Every day, businesses, service providers and governments are targeted by DDoS attacks and advanced threats across the region. With the raise of IoT trend in the Middle East these attacks become even bigger threat to all types of networks. Cyber threats become more and more sophisticated and require intelligent DDoS mitigation techniques that are constantly updated and improved,” said Mahmoud Samy, Regional Director – High Growth Markets (Russia/CIS & Middle East) at Arbor Networks. “With increasing cyber threat landscape in the region and worldwide, the best solution is an appropriate preparedness. Worldwide Infrastructure Security Report shows that 57 percent of enterprises are looking to deploy solutions to speed incident response processes. Loss of personal information and disruption of business processes are perceived as the top business risks from an advanced threat.”

Among the top 5 DDoS trends, this year the top motivation was not hacktivism or vandalism but ‘criminals demonstrating attack capabilities,’ something typically associated with cyber extortion attempts. The Attack size continues to grow and thee largest attack reported was 500 Gbps, with others reporting attacks of 450 Gbps, 425 Gbps and 337 Gbps. In 11 years of this survey, the largest attack size has grown more than 60X. 56 percent of respondents reported multi-vector attacks that targeted infrastructure, applications and services simultaneously, up from 42 percent last year. 93 percent reported application-layer DDoS attacks. The most common service targeted by application-layer attacks is now DNS (rather than HTTP).

Two years ago, 19 percent of respondents saw attacks targeting their cloud-based services. This grew to 29 percent last year, and now to 33 percent this year – a clear upward trend. In fact, 51 percent of data center operators saw DDoS attacks saturate their Internet connectivity. There was also a sharp increase in data centers seeing outbound attacks from servers within their networks, up to 34 percent from 24 percent last year.

More than half of enterprise respondents reported a firewall failure as a result of a DDoS attack, up from one-third a year earlier. As stateful and inline devices, firewalls add to the attack surface and are prone to becoming the first victims of DDoS attacks as their capacity to track connections is exhausted. Because they are inline, they can also add network latency.

Among the top 5 advanced threat trends, there is a focus on better response. 57 percent of enterprises are looking to deploy solutions to speed the incident response processes. Among service providers, one-third reduced the time taken to discover an Advanced Persistent Threat (APT) in their network to under one week, and 52 percent stated their discovery to containment time has dropped to under one month.

2015 saw an increase in the proportion of enterprise respondents who had developed formal incident response plans, and dedicated at least some resources to respond to such incidents, up from around two-thirds last year to 75 percent this year.

The proportion of enterprise respondents seeing malicious insiders is up to 17 percent this year (12 percent last year). Nearly 40 percent of all enterprise respondents still do not have tools deployed to monitor BYOD devices on the network. The proportion reporting security incidents relating to BYOD doubled, to 13 percent from six percent last year.

There has been a significant drop in those looking to increase their internal resources to improve incident preparedness and response, down from 46 to 38 percent in this year’s results.

Lack of internal resources this past year has led to an increase in the use of managed services and outsourced support, with 50 percent of enterprises having contracted an external organization for incident response. This is 10 percent higher than within service providers. Within service providers, 74 percent reported seeing more demand from customers for managed services.

The survey was based on 354 responses, up from 287 last year, from a mix of Tier 1 and Tier 2/3 service providers, hosting, mobile, enterprise and other types of network operators from around the world. Consistent with prior years, the majority of responses (52 percent) came from service provider organizations. For the first time in the 11-year history of this survey, nearly half of responses (48 percent) came from other types of organizations representing a more diverse view of different types of networks. This is up from 40 percent in 2014, and 25 percent five years ago.

Enterprise organizations are very well represented, making up 38 percent of total respondents. The remaining non-service provider respondents represent government (6 percent) and education (4 percent).

News

THIRD EDITION OF BENTLEY’S EXTRAORDINARY WOMEN INITIATIVE WELCOMES STUDENTS FROM THE UK AND QATAR TO CREWE

Published

1 week ago

June 26, 2024

Integrator Web-Editor

The third edition of Bentley Motors’ Extraordinary Women initiative has concluded with students from universities in the UK and Qatar spending a week at the luxury car brand’s headquarters in Crewe, England. As part of a specially designed schedule, they met with Bentley experts and executives, went behind the scenes of its manufacturing operations, and tackled individual tasks.

Designed to encourage and develop the next generation of young female leaders, the 2024 edition of the Extraordinary Women programme has seen the students receive one-on-one mentorship over the past three months from a selection of inspirational Pioneers from the fields of technology, engineering, design, and business.

The students, who passed through a structured selection process focused around these four specific fields, came from a variety of participating universities: including The University of Doha for Science and Technology in Qatar, and the Universities of Bath, Loughborough, and Manchester Metropolitan in the UK.

Noora Al-Hajri, University of Doha for Science & Technology student, commented, “This experience has been nothing short of life-changing. Through the programme, I have gained invaluable knowledge and skills that will significantly impact my personal and professional growth. The opportunity to learn from inspiring mentors in both Qatar and the UK has been particularly enriching. Their guidance has broadened my horizons, challenged me to think critically, and empowered me to pursue my dreams with renewed confidence. The opportunity to visit the Bentley headquarters at the end of the programme has also been truly awe-inspiring. Thank you, Bentley, for believing in us and for creating such a transformative programme.”

The Pioneers were equally carefully selected. In the UK, entrepreneur Sara Davies MBE, founder and owner of Crafter’s Companion and TV personality from BBC One show Dragons’ Den, provided business mentorship, with Cecilia Harvey, founder of Tech Woman Today, offering the same in the field of technology.

Titi Oliyide CEng MIET, Senior Process Safety Engineer and winner of the 2023 Young Woman Engineer of the Year, mentored the engineering student, and renowned interior designer and Founder of Studioilse, Ilse Crawford provided design support.

The four Qatari Pioneers included Qatar’s UNESCO art ambassador, Muna Al-Bader, in the field of design. Dr Noora Fetais Al Marri, honoured by the Arab Women of the Year 2024 awards for her contributions to cyber security. Education and founding President of the Arab Association for Cyber Security, offered technology mentorship.

Covering the field of engineering was Dr. Hanan Farhat, founder of the Qatar Association for Women Engineers, and Dr. Buthaina Al Ansari in the field of business, who is a senior advisor at the organisation that established Tamkeen Training and Consulting Solutions.

Member of the Board for Human Resources at Bentley Motors, Dr. Karen Lange, commented, “With every year, the Extraordinary Women programme grows stronger, as exemplified by the quality of this year’s Pioneers, all who have generously given their time in the spirit of collaboration as we seek to build a legacy for young women. It has been a great honour to meet and engage with such talented young women during their visit – witnessing their energy and ability fills me with great optimism for the future.”

Launched in the UK and Middle East in 2022, the Extraordinary Women initiative has previously engaged students and Pioneers from the United Arab Emirates, Saudi Arabia, and the United Kingdom. It forms part of Bentley’s wider commitment to diversity, equity, and inclusion under its Beyond100 strategy, and was created to encourage women to explore a variety of career paths in the STEM and automotive sectors.

Financial

Reem Finance signs with Network International to accelerate digital transformation

Published

1 week ago

June 26, 2024

Integrator Web-Editor

Network International (Network) has announced the signing of a strategic partnership with Reem Finance, the leading financial services provider in the UAE. The strategic alliance aims to leverage Network’s expertise to provide a fully-fledged payment processing solution to support the digital transition.

The partnership with Network complements Reem Finance’s focus on offering customers with a unique banking experience in tune with the digital age. The scope of services includes a comprehensive range of products and services from transaction processing, card hosting and management, as well as value-added services. As the region’s largest payment solutions company, Network is committed to supporting the UAE financial services sector by providing innovative solutions to customers and enhancing the experience of consumers.

Navneet Dave, Managing Director & Co-Head of Processing – Middle East at Network International, commented, “We are thrilled to partner with Reem Finance as we jointly deliver innovative digital payment solutions that offer an effortless and secure experience for customers. Our collaboration builds on Network’s three decades of experience and expertise in creating world-class digital payments infrastructure and services for clients. It underscores Network’s commitment to empowering our partners with cutting-edge processing services and value-added solutions and driving growth in the UAE financial services industry.”

Mr. Seraj Faidi, CEO of Reem Finance,said: “As part of our ongoing commitment to enhancing the quality of our products and services for our esteemed clients, and in light of our recent collaborations with prominent service providers and partners, we are delighted to partner with Network International to explore innovative paths to accelerate digitizing our services to better serve our customers. This engagement is an important step for Reem Finance in expanding our capabilities to provide top tier, friendly and easy to use services to our customers. We are confident that with Network International, the processing of card transactions related to both consumer and commercial sectors will be state-of-the-art and seamless. We are committed to playing a vital role in elevating the financial system in the UAE, delivering value to our shareholders, and prioritizing the needs of our clients.”

Financial

Wio Bank Redefines SME Banking with New Embedded Finance

Published

1 week ago

June 24, 2024

Integrator Web-Editor

Wio Bank PJSC is introducing a new embedded finance service designed especially for the UAE’s small and medium-sized enterprises (SMEs). This initiative includes strategic partnerships with leading accounting software platforms Zoho Books, Fiskl and Wafeq, aiming to embed banking services into daily business operations and simplify financial management.

Wio Business, the bank’s first digital banking application, caters to micro, small, and medium enterprises (MSMEs), as well as freelancers and entrepreneurs. By directly integrating with accounting and financial management systems through APIs, Wio Business facilitates seamless financial workflows, enhancing management and eliminating the need for third-party intermediaries. This integration automates bookkeeping, significantly reducing manual labor and allowing businesses to concentrate on their core activities.

Jayesh Patel, Chief Executive Officer of Wio Bank PJSC, shares his vision for the new service: “By adopting Embedded Finance, we are transforming how businesses manage their finances. Our direct integration initiative simplifies how financial services are delivered and managed, making it easier and more transparent for SMEs.”

With over 94% of UAE businesses categorized as SMEs and significant contributors to employment, Wio Bank’s new service is tailored to meet a vital market need. This initiative, along with its strategic partners, is designed to simplify business operations, allowing them to thrive by focusing on growth rather than administrative financial tasks.

A New Era of Financial Management

Through Wio Business, companies can now link their accounts with selected software platforms such as Zoho Books, Fiskl, and Wafeq, offering a holistic view of their financial health. This integration eliminates the dependency on third-party intermediaries, simplifies financial workflows, ensures real-time financial insights with automatic updates, and streamlines accounting tasks with features like auto-reconciliation of bank statement. Additionally, integrating Wio Business APIs into Corporate ERPs and payment platforms facilitates automated account payables and instant transaction reconciliation, thus reducing manual labor and errors, and enhancing cost efficiency and operational gains.

Wio Bank was established to redefine banking in the UAE for both businesses and consumers. Its second digital offering, Wio Personal, is a day-to-day banking platform that changes how individuals see, manage, and grow their money. It provides users with unprecedented financial visibility and flexibility, serving as a foundation for achieving personal financial goals with an engaging experience that includes smart cards and exciting rewards.