News
OPSWAT Expands into Saudi Arabia
The Saudi Arabia cybersecurity market is surging forward, reaching a value of SAR 13.3 billion (US$3.55 billion) towards the start of 2024, making it a fertile ground for advancing the cybersecurity industry which aligns perfectly with OPSWAT’s specialized critical infrastructure protection (CIP) technologies and tailor-made solutions that integrate Operational Technology (OT) and Information Technology (IT) security seamlessly.
OPSWAT, a global leader in CIP solutions with headquarters in Florida, United States, has seen a significant expansion of its presence in the Kingdom of Saudi Arabia, marked by tremendous business and overall economic growth of the country over the past two years. The Kingdom’s Vision 2030 sets certain goals for the sector and as a contributor to the success of the global and Saudi cybersecurity space, OPSWAT has specific commitments to support and be part of the country’s development.
In alignment with Vision 2030, which also focuses on enhancing the resilience and preparedness of critical national infrastructure and cybersecurity education and awareness in the Kingdom. OPSWAT’s expansion in Saudi Arabia is dedicated to protecting the Kingdom’s essential services against an evolving landscape of cyber threats as well as addressing the need for improved educational and technical training.
Sertan Selcuk, OPSWAT Vice President METAP & CIS, emphasized the importance of this strategic expansion, stating, “Safeguarding Saudi Arabia’s critical infrastructure against the rising tide of cyber threats is essential to the nation’s security and economic stability. OPSWAT is dedicated to supporting Saudi Vision 2030 by fortifying the Kingdom’s defences through advanced cybersecurity training and innovative solutions. Our commitment is to ensure that Saudi Arabia’s vital assets remain resilient in the face of evolving cyber challenges.”
OPSWAT has been named the official educational partner for the MENA Information Security Conference 2024, which it is also a gold sponsor of. As part of this broader strategy, OPSWAT Academy, the educational arm of OPSWAT, will offer complimentary CIP certifications to all event attendees, tailored specifically to the needs of the region’s cybersecurity professionals.
“We are committed to equipping the next generation of cybersecurity professionals with the skills needed to safeguard critical infrastructure. Our partnership with MENA ISC 2024 opens new avenues for participants to access world-class CIP cybersecurity training,” said Irfan Shakeel, VP of OPSWAT Academy. “This initiative is part of OPSWAT’s global SAR 37.5 million (US $10 million) scholarship program, reinforcing our dedication to addressing the growing demand for certified CIP cybersecurity experts.”
Recent reports indicate a significant rise in state-sponsored cyberattacks targeting Saudi Arabia’s critical infrastructure, driven by the nation’s rapid digital transformation. With the average cost of a data breach in the Kingdom reaching approximately SAR 30 million (US $8 million), the need for robust cybersecurity measures and human resources has never been more urgent. OPSWAT’s initiatives directly address these challenges, ensuring that young aspiring Saudis receive world-class training and that the Kingdom’s essential services remain secure.
Cyber Security
AmiViz Champions Cybersecurity Innovation at Leading MENA Events
AmiViz has announced its successful participation in two key regional cybersecurity conferences: MENA ISC 2024 in Saudi Arabia, and CYSEC UAE 2024 in the UAE. These events have served as a platform for AmiViz to collaborate with its top vendors, including Bitsight, Cequence Security, Picus Security, AlgoSec, BlackBerry, Check Point, Tenable, Asimily, and Threatcop, to showcase cutting-edge cybersecurity technologies and solutions.
Throughout these events, AmiViz engaged deeply with partners and customers, gaining invaluable insights into the unique cybersecurity challenges faced in the region. The focus was on promoting new technologies that address these challenges and enhance security protocols for businesses operating in the dynamic Middle Eastern market.
“Our presence at the MENA ISC 2024, and CYSEC UAE 2024 has been a remarkable opportunity for us to not only present our innovative solutions but also to understand firsthand the needs and pain points of our clients,” stated Ilyas Mohammed, COO at AmiViz. “Collaboration with our key vendors has allowed us to offer a comprehensive suite of cybersecurity products and services that cater specifically to the complexities of this region.”
AmiViz’s participation in these events underscores its commitment to advancing cybersecurity readiness and resilience across the Middle East. By leveraging strategic partnerships with leading global vendors, AmiViz continues to bring state-of-the-art cybersecurity solutions to the forefront, helping businesses protect their critical assets against increasingly sophisticated cyber threats.
AmiViz, along with its key vendors, will continue participating in major tech events, with plans for a strong presence at GITEX next month. Following GITEX, the company is gearing up for Black Hat in Saudi Arabia this November, showcasing its cutting-edge cybersecurity solutions to the region.
Cyber Security
UAE and Saudi Arabia Face Unprecedented 70% Rise in Threats: Positive Technologies
Positive Technologies experts have unveiled comprehensive research on the shadow market of cybercriminal services targeting the Gulf countries. The UAE and Saudi Arabian organizations remain in the crosshairs of cybercriminals, and over half of all posts on darknet forums are about selling data and access to local companies’ infrastructures. Researchers have highlighted a sharp increase in the free distribution of such data on the dark web, along with a surge in reports of DDoS attacks targeting the public sector and other industries. One in five ads analyzed was related to buying or selling access, with two-thirds available for under $1,000.
According to the research, cybercriminals remain focused on the two largest economies in the region—the UAE (40% of all posts) and Saudi Arabia (26%). The spotlight on darknet forums is on the public sector, which accounted for 21% of all analyzed posts. Most of the data (63%) related to regional government institutions was published for free as part of hacktivist attacks. Next in line for most popular on the dark web are commerce (16% of all ads), the service sector (15%), and financial institutions (13%).
Amid geopolitical tensions, hacker groups have ramped up calls for DDoS attacks and breaches to disrupt government institutions in the region. In the first half of 2024, the number of reports on the results of DDoS attacks on the dark web surged by 70% compared to the same period in 2023. Beyond the public sector, hacktivists also targeted the financial and transportation sectors.
According to the research, 33% of all the analyzed ads were linked to data breaches. One-third of these messages were about selling information. In these ads, criminals primarily offered databases stolen from major commerce companies, with an average cost of $2,300.
Positive Technologies analyst Anastasiya Chursina commented, “When compared to our previous research over a similar period, the share of freely distributed data almost doubled (up to 59%). This allows criminals to broaden the profiles of potential victims for targeted attacks. If the victim refuses to pay the ransom, both ransomware groups, as well as hacktivists (whose goal is to draw public attention to a political stance rather than just receive financial gain), can distribute data for free.”
Accessing company information resources is the second most common type of dark web ads, making up 21% of all listings. According to the research, in 70% of all cases, access can be bought for less than $1,000. The vast amount of access-for-sale ads on the darknet and their low cost make it easier for cybercriminals to gain initial access and launch attacks on organizations in the region.
Positive Technologies recommends that companies build their defences based on result-driven cybersecurity, using modern tools such as application-level firewalls, including cloud versions, network traffic analysis systems, solutions for monitoring information security events and managing incidents, as well as metaproducts.
Cyber Security
BotGuard OÜ to Offer Live Demos at GITEX GLOBAL 2024
BotGuard OÜ will present its intuitive, user-friendly cybersecurity solution at GITEX GLOBAL 2024, focusing on effective bot protection. Live demonstrations in Hall 25 stand H25-21 will showcase the ease and efficiency of the technology in securing websites against malicious attacks. “Our participation in GITEX GLOBAL 2024 underscores our commitment to addressing the escalating malicious bot attacks faced by organizations worldwide,” said Bertil Brendeke, Chief Revenue Officer (CRO) of BotGuard OÜ. “At GITEX, we aim to engage with industry leaders and stakeholders, sharing our expertise and practical technologies that can help fortify their defences.”
In 2023, 17% of API attacks involved bad bots exploiting business logic vulnerabilities. For hosting companies, such vulnerabilities can lead to unauthorised access to sensitive customer data or control over hosting resources, further emphasizing the need for reliable security protocols and regular audits of their systems. “BotGuard OÜ’s solutions are designed to address these exact challenges, enabling businesses to safeguard their digital assets. The technology is incredibly easy to use, making it accessible for businesses of all sizes,” the company said.
By participating in GITEX GLOBAL 2024, BotGuard OÜ aims to expand its reach in the Middle East, providing local businesses with the tools they need to combat cyber threats effectively. During the event, live demonstrations in Hall 25 stand H25-21 will showcase how their website protection can be set up within a minute. These demonstrations will highlight the efficiency and effectiveness of BotGuard’s solutions.
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