Intelligent CISO Issue 13 - Page 7

news STC executive says global spending on cybersecurity set to increase n STC executive has said that spending on cybersecurity is set to continue – especially with the increase in Internet of Things devices. VP of Cybersecurity at STC Solutions, Fahad Aljutaily, declared that the increase in attacks against IoT around the world reached 600% in 2017. A China topped the list as an attack location by 21%, followed by the USA by 11% and Brazil by 6%, he said. In the presence of 25 journalists who attended a course at the STC Academy entitled ‘Cybersecurity – Risks and Challenges’, Aljutaily explained that 54% of the world’s companies have been targeted by attacks that affected data or IT infrastructure. He added that global spending on cybersecurity reached US$96 billion in 2018. He said: “By 2021, cybercrime damage is Journalists attending STC Media Club heard that spending on cybersecurity is set to continue expected to reach US$6 trillion per year, and jobs in cybersecurity are expected to reach 3.5 million.” Aljutaily noted that the Middle East is facing a huge challenge in filling jobs in cybersecurity, due to the lack of professionals available in this field. The GCC cybersecurity market is expected to exceed US$8 billion in value in the coming years. RING SHOWCASES ITS SOLUTIONS IN KSA ing, a company on a mission to reduce crime in neighbourhoods, has promoted its activities at Intersec Saudi Arabia 2019. Ring used the Intersec platform to promote its home security products and services, giving customers and neighbours the opportunity to experience its products firsthand and learn about the devices’ features. R “Following Ring’s launch into the Middle East last year, we were excited to showcase our security products and solutions at Intersec,” said Mohammad Meraj Hoda, Vice President of Business Development-Middle East at Ring. “Ring’s mission to reduce crime in neighbourhoods drives every decision we make and we hope to provide convenience and peace of mind to homeowners, travelling parents or online | Issue 13 shoppers by keeping an eye on their most important possession, their home, even when they can’t physically be there. The goal is to bring the same convenience and security to KSA neighbourhoods.” Ring showcased its latest suite of smart home security products, including the newly launched Ring Stick Up Cams, Ring’s first cameras meant for both indoor and outdoor use. Intersec offers a platform to conduct live demos and offer customers the opportunity to touch and feel the products as well as understand how effective and easy-to-use Ring’s solutions for home security are. Ring will continue to explore opportunities to expand its presence in the KSA by offering home security that is affordable, proactive and easy to use. Mohammad Meraj Hoda, Vice President of Business Development-Middle East at Ring 7