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.

Tags: BahrainCyber crimeData Leakage PreventionData leakageGulf Business Machines
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GBM IT security event highlights lack of confidence in cyber-attack prevention Abdulla Ishaq, country general manager, GBM Bahrain.
By  Alexander Sophoclis Pieri Published  June 7, 2016

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."

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