GBM IT security event highlights lack of confidence in cyber-attack prevention
The IT technology provider found that nearly 50% of GCC’s executives were not confident in their organisations’ capability to respond to a cyber-attack.
Gulf Business Machines recently revealed at an event for Bahrain's business community, that roughly 50% of GCC's executives did not believe their organisations were fully prepared to counter a cyber-attack.
Held on the 5 June, 2016, and under the theme of ‘How Can We Predict Cyber-Attacks?', the event introduced industry experts from IBM and Cisco, who highlighted the value of best practices in securing data.
Abdulla Ishaq, country general manager, GBM Bahrain, commented: "While there is a certain level of awareness, not enough is being done to focus on predictive security, so it is a pleasure for GBM to facilitate the necessary knowledge sharing between industry-leading experts from our network, Cisco, IBM and our customers."
Additional findings revealed by the IT technology provider, highlighted that 71% of GCC executives confirmed that their respective IT security budgets will either stay or decreased in 2016.
Of the 700 executives polled in the GCC, roughly 48% shared that their organisations conduct regular third-party security assessments. Furthermore, only 40% of organisations reportedly maintain dedicated IT governance, risk and compliance function.
Hani Nofal, Vice President of Integrated Network Solutions (INS) Mobility & Security said: "Our event in Bahrain has provided insight that a proactive approach towards cyber-security can save significant amounts of money for our customers in the long-run."
He added: "The learnings from our survey and today's panel discussion with experts of IBM and Cisco, allows us to offer customers best practices on how to develop a holistic security model, and gain continuous protection and visibility along their entire security journey."