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SaaS increasingly trusted by SMBs for security

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Kaspersky Lab presented its latest research that shows what threats SMBs face and how they bridge the gap between smaller IT security budgets and limited expertise. For those SMBs without the necessary internal resources or available budgets, Security as a Service (SaaS) could be the answer, with 40% of these businesses globally looking to outsource IT infrastructure and processes to third parties.
In 2016 Kaspersky Lab, in cooperation with B2B International, conducted the global annual survey of more than 4000 business representatives from 25 countries. The resulting report, ‘The Evolving Role of SaaS and IT Outsourcing in SMB IT Security’, showed that the top cybersecurity incidents SMB organizations experienced in a year were viruses and malware were causing a loss of productivity (41% reported it); inappropriate use of IT resource by employees (39%) and physical loss of devices containing data (31%). At the same time, SMB’s biggest concerns are malware – specifically ransomware –, targeted attacks, phishing and other social engineering techniques and previously unknown vulnerabilities.
The research also showed that, on average, a single cybersecurity incident now costs SMBs $86,500. The cost of recovery significantly increases depending on the time of discovery. SMBs tend to pay 44% more to recover from an attack discovered a week or more after the initial breach compared to attacks spotted within a day. At the same time, 40% of SMBs who participated in the study admit that they lack sufficient insight or intelligence on the threats faced by the business. In this situation, more SMBs are turning to outsourcing – 57% already make use of external IT security service providers and 22% plan to do so in the near future.
Vladimir Zapolyansky, Head of SMB Marketing, Kaspersky Lab says, “The report shows that SMBs currently face a number of challenges when it comes to protecting their businesses from security threats. On the one hand, they typically have a lack of resources, budgets and security expertise that can make them attractive to cybercriminals. On the other hand, increasingly complex security environments resulting from trends, such as the volume of mobile devices they need to protect, requires action. This makes it all the more important to spend budgets wisely by choosing a solution created especially for them with their needs in mind, such as Kaspersky Endpoint Security Cloud; and also look at other options for remaining vigilant by taking a SaaS approach to security. SMBs can take advantage of endpoint security solutions without having the hefty budgets of enterprise counterparts.”

Hospitality

UAE’s Mulk International and India’s Ajeenkya DY Patil Group forge a landmark Dh100m partnership to launch the region’s first large-scale virtual hospital

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partnership healthcare

In a landmark collaboration, Mulk International from the UAE and India’s Ajeenkya DY Patil Group have acquired stakes in Mulk Med Healthcare to become equal shareholders and launch what will be the region’s first large-scale virtual hospital of its kind with more than 20,000 doctors on board.  Both groups have further pledged an investment to the tune of AED 100 million to revolutionise healthcare in the MENA and Asia-Pacific regions. This strategic partnership is set to redefine healthcare delivery by leveraging virtual solutions to enhance access and provide comprehensive services to millions.

Dr. Nawab Shafi Ul Mulk, Founder & President of Mulk Med Healthcare, emphasized the transformative vision of this collaboration: “Our partnership and shared vision with the DY Patil Group is a major landmark agreement which signifies a shared dedication to rapidly evolving innovation and inclusivity in healthcare.”

The new Initiative introduces Mulk Med Virtual Hospitals ecosystem across the globe, one that has already been implemented in countries like Zimbabwe and Papua New Guinea and is in advanced stages of implementation in other territories. The comprehensive healthcare platform is also aided by Mulk Med App and video conferencing system available in 170+ countries currently, offering multiple essential services including 24/7 telehealth with doorstep free delivery of discounted medicines, also facilitating lifesaving smart ambulances, mobile clinics, and round-the-clock home care.

Transforming Healthcare Delivery in the region

According to Dr. Ul Mulk, these innovations are designed to improve healthcare accessibility, providing unmatched convenience for both urban and remote patients. Patients will benefit from virtual 24/7 consultations from over 20,000 doctors on board globally along with more than 500 pharmacies and service providers. Additionally, non-insured patients and UAE visitors can avail huge discounts on laboratory, radiology, hospital admissions and surgeries besides doorstep medicines, wellness, and aesthetics using the newly launched Mulk Medicare Privilege Health Card for the most affordable services that also give users access to longevity & precision medicine centres and genomics labs.

Shaji Ul Mulk, Chairman of Mulk International said: “Our global investments underscore Mulk Group’s long-standing commitment to driving impactful societal change.  We are dedicated to fostering partnerships with local communities and governments to ensure sustainable and inclusive growth.”

The initiative is also set to redefine emergency response with lifesaving smart ambulances and will extend services to underserved communities through mobile clinics. For travellers, both in & out bound comprehensive tourist healthcare insurance will provide peace of mind with robust medical coverage, while cutting-edge ICU Pods, Mulk Vital signs devices and kiosks with advanced AI enhanced technology incorporated to continuously monitor patients with chronic diseases will optimise recovery, and enhance hospital efficiency.

Dr. Ajeenkya Patil, Chairman of DY Patil Group, highlighted the initiative’s significance: “We intent to facilitate medical tourism strong demand in India from Africa & other regions in our newly build world class Hospitals care in the Indian state of Maharashtra. Together, we aim to deliver a transformative, patient-centric healthcare ecosystem that prioritizes accessibility, affordability, and quality.”

“Innovation is key to solving the world’s healthcare challenges and Mulk Med Healthcare is rightly poised to embark on the global expansion to bring affordability and top notch  equitable healthcare facilities to one and all. Mulk Medicare comprehensive hybrid model of  digital and onsite healthcare innovative solutions not only address immediate medical needs but also lay the foundation for a sustainable, scalable future in healthcare,” added Dr. Shafi Ul Mulk.

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Financial

Fujairah Digital Government and Torry Harris Business Solutions sign MoU to support digital transformation initiatives

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Fujairah Digital Government

Torry Harris Business Solutions Private Limited (THBS) signed a Memorandum of Understanding (MoU) with Fujairah Digital Government to accelerate the Emirate’s digital transformation efforts. This agreement underscores the collaboration in digital transformation in Fujairah, leveraging the latest technologies and innovations in alignment with the emirate’s vision to enhance government services and better serve its citizens.

The MoU was officially signed by Sheikh Engineer Mohammed bin Hamad bin Saif Al Sharqi, Director General of Fujairah Digital Government, and Shivdayal Charan, Director and Legal Representative of Torry Harris Business Solutions, in a move to foster collaboration and knowledge exchange in digital governance and best practices, aligning with the UAE’s vision to become a global leader in delivering digital government services.

Rabih Nasr, Vice President of Torry Harris Business Solutions in the Middle East, expressed his enthusiasm for the partnership, stating: “We are honored to work alongside Fujairah Digital Government to achieve their strategic goals of enhancing digital services and citizen engagement. This MoU reflects our long-standing commitment to the UAE, where we have been operating since 2002, and demonstrates our shared vision of empowering government entities to better serve their citizens through integrated and seamless digital platforms.”

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UAE National Day: Women Choice applauds UAE’s diversity, leadership efforts

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women choice event in the UAE

As the United Arab Emirates (UAE) prepares to celebrate its 53rd National Day, Women Choice proudly reaffirms its dedication to championing diversity, equality, and leadership across all sectors. In recognition of the UAE’s remarkable progress toward gender parity and inclusivity, Women Choice celebrates the pivotal role of women leaders in building a brighter, more equitable future.

With a strong presence in the region, Women Choice has hosted and participated in over 100 events across seven countries, half of which took place in the UAE. This milestone underscores the organization’s impactful efforts in promoting diversity and leadership, reflecting its alignment with the UAE’s vision of empowering women.

The UAE’s dedication to empowering women is evident, with women constituting 66% of public sector workers and 50% of the UAE Federal National Council (FNC) members being women – one of the highest representations globally. Women Choice echoes this spirit, advocating for inclusive leadership and equal opportunities in workplaces, education, and entrepreneurship.

Nezha Alaoui, Founder and CEO of Women Choice, reflects on the UAE’s achievements:

As we celebrate the UAE’s National Day, we also honor its remarkable progress in diversity and equality. Women Choice stands aligned with this vision, empowering women to lead, innovate, and inspire. True leadership flourishes when opportunities are inclusive and diverse perspectives are embraced.”

Women Choice’s initiatives are grounded in actionable steps to drive change, including leadership training programs, mentoring opportunities, and advocacy campaigns. Ahead of National Day, Women Choice calls on organizations and individuals to strengthen their commitment to building a more inclusive society.

  • The UAE ranked 1st in the Arab world for gender equality (World Economic Forum, 2023).
  • Women contribute to 23.5% of the UAE’s GDP, a testament to their economic leadership.
  • Female participation in STEM fields has risen to 37%, demonstrating progress in traditionally male-dominated sectors.

Through its global platform, Women Choice continues to spotlight stories of women leaders and changemakers, inspiring the next generation to break barriers and contribute to a more inclusive future.

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