Connect with us

Interviews

Outlook 2022: “Threat Intelligence is Very Crucial”

Published

on

Ashraf Koheil, the Director of Business Development at Group-IB MEA, says last year accelerated cyber maturity and awareness of the region’s companies.

How was 2021 for the industry and your company?
This year has brought about valuable cybersecurity advancements, insights, and breakthroughs. The pandemic has accelerated digital transformation all around the world; however, it has in equal parts instigated additional challenges within the industry. An increase in the remote workforce due to the COVID-19 has also increased the attacks surface significantly and raised the profile of the cyber security industry in the region.

The threat landscape has evolved, which can be observed from Group-IB’s latest Hi-Tech Crime Trends report 21/22. This year has helped Group-IB push forward and strives in our partnerships, assisting our clients and major law enforcement groups in gathering the needed intelligence to stop the threat actors in their tracks and contribute to justice.

What were your key achievements in 2021?
The year 2021 has brought us many successful ventures. Still, some of our most notable achievements within the last year include our office launch in Dubai, thus becoming the home of the MEA Threat Intelligence & Research Center. Our client and partner base in the region increased significantly after we established regional HQ here.

We greatly improved our visibility into local-specific threats. In a bid to raise awareness about cybersecurity and Group-IB’s capabilities our team participated in the region’s major thought leadership events, such as GISEC 2021, @HACK, 1st Arab Banking Cyber Security Forum, and many others.

We have also assisted global and national law enforcement in cross-border investigations, saving companies and individuals alike millions of dollars in damage repair.

According to you, which technologies will be in demand in 2022?
Within the cybersecurity world, threat intelligence is a crucial part of planning protective measures to understand the nature of the attacks alongside the attackers themselves. More and more companies realize the importance of relevant data about cyber threats and adversaries and look to optimize strategic, operational and tactical cybersecurity decision-making. Hence, we believe that demand for tailored threat intelligence will continue to grow further in the region and elsewhere.

It is also fair to expect the rise of all types of scams and fraud seeking to get personal and payment data. Scammers claim that they represent big-name firms and trick the victims into giving away their personal data which is used later for fraudulent purposes. We’ll keep innovating in the areas of Digital Risk Protection and Fraud Hunting to deliver best-in-class products in these categories to the regions’ companies.

And of course, with the threats of ransomware globally on a larger scale than ever before, Digital Forensics and Incident Response services will continue to be in demand. The UAE and Saudi Arabia are the second and third most countries within the Middle East by the number of victims published on ransomware data leak sites, according to Group-IB’s Hi-Tech Crime Trends 2021/2022 report. Once ransomware hits you, there is not much you can do about it.

Thus, protecting regional firms and corporations and making sure they are capable to withstand and are prepared well for further growth of the ransomware empire will remain one of our main focus areas for the coming year.

What promises does 2022 bring along?
Last year accelerated cyber maturity and awareness of the region’s companies. I expect local organizations to be a lot more informed about cybersecurity risks and know better what they are looking for. Naturally, demand for professional cybersecurity services, skills development, and cyber education will continue to grow.

More companies will be looking for full-service portfolio vendors committed to SLAs. And we are perfectly suited here to keep up with the demand with our equally strong product and service arms and most importantly our battle-tested experts who carried out more than 1,200 successful investigations over 18 years around the world are enriching the Group-IB’s technology ecosystem with a first-hand understanding of intrusion tactics used in the most sophisticated cyberattacks.

Cyber Security

Surge in Ransomware Attacks Has Made Effective Cyber Security and Defence a Top Priority

Published

on

Emad Fahmy, the Systems Engineering Manager for Middle East at NETSCOUT, speaks about the evolving threat landscape in the region

How has the security threat landscape evolved in recent months?
According to a 2021 survey by PwC, cybersecurity is a growing concern for organizations, with approximately 43% of Middle East CEOs planning to increase investments in cybersecurity and data privacy by 10% or more over the next three years. Moreover, 41% of these leaders think that their organization should be doing more to measure cybersecurity. The ever-evolving threat environment has made it increasingly necessary to be vigilant.

Cybercrimes continue to grow in terms of both complexity and frequency. Among the businesses that identify breaches or attacks, 21% lose money, data, or other assets, and 35% report being negatively impacted in other ways and suffering from wider business disruption. As such, it’s vital for enterprises to ensure the security of data, applications, networks, and critical business processes to stay competitive and thwart attackers. Depending on traditional security solutions and methodologies isn’t enough to combat the sophisticated attacks that target businesses today.

Is ransomware still an issue?
It is, unfortunately. The unprecedented surge in ransomware attacks has made effective cyber security and defence a top priority in today’s world. Every day, new ransomware attacks are reported by businesses and government authorities alike, not to mention the attacks that go unreported, and it seems like no one is immune.

Threat intelligence is vital to combat ransomware attacks. Threat intelligence is the study of the bad actors who perpetrate these attacks, along with the tactics and tools they use. This involves unveiling the bad actor’s attack methodologies and why they are targeting those victims. This knowledge is then turned into actionable insight that enterprises can access and comprehend. Empowered with this knowledge, enterprises can learn about their network’s vulnerabilities to actively defend against ransomware.

Companies have been trying to protect the endpoint for years. How can companies make sure endpoints are protected and monitored for attacks and mitigation?
As service providers increasingly focus on cloud services, edge computing, end-users, and endpoint devices, the traditional approach of utilizing distributed detection solutions in concert with centralized mitigation centres within the network is no longer enough. However, mitigation measures that are distributed out to the network edge necessitate both infrastructure and intelligent defence capabilities that are capable of working hand in hand across locations and platforms.

A more modern threat mitigation strategy involves distributing both detection and mitigation functions throughout the network to intercept threats nearer to the source. In this way, network operators can stop attacks upstream, instead of having to incur the cost of peering and transit link traffic that is only going to be discarded once it reaches a centralized scrubbing centre. By conducting the scrubbing as close as possible to the threat source, service providers can reduce any potential impact on traffic, helping to ensure high-quality service.

Continue Reading

Interviews

Video: Axis Inaugurates Experience Center in Dubai

Published

on

Axis Communications has opened an Axis Experience Center (AEC) in Dubai. As the first experience center in the Middle East & Africa (MEA) region, the center has been designed to offer visitors an intimate look at the wide range of network and security solutions offered by the world’s leading surveillance services provider. We speak with Rudie Opperman to learn more:

To know more about the Axis Experience Center, log on to www.axis.com/axis-experience-center/

If you liked the video, please like, share, and comment below.

Follow us on social media:
✓ Linkedin – https://www.linkedin.com/company/74044193
✓ Twitter – https://twitter.com/secreviewmag
✓ Facebook – https://www.facebook.com/secreviewmag
✓ Website – https://securityreviewmag.com/

For more videos, please subscribe to our channel. Also, hit the bell icon to join our Notification Squad!

Continue Reading

Interviews

Podcast: Bringing Innovation in Access Control and Workforce Management

Published

on

In this episode of Future Tech Podcast Show, we are joined by Shiraz Kapadia, CEO, and President at Invixium, who speaks about the company, the products and solutions it offers on the market, and its regional plans:

We are also available on Anchor.fm, Spotify, Apple Podcasts, Google Podcasts, RadioPublic, PocketCasts, and OverCast.

Continue Reading
Advertisement


Follow Us

Trending

Copyright © 2021 Security Review Magazine. Rysha Media LLC. All Rights Reserved.