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GCC prepares to spend $1bn on cyber-security

Update: ISNR reveals GCC organisations are among world's most advanced in deploying security solutions

GCC prepares to spend $1bn on cyber-security
Rapid economic development and connectivity in the Internet of Things era will set to grow from $340m in 2012 to $1bn in 2018

GCC countries are among the global leaders in cyber-security preparedness, as the region's network security spending will triple to $1bn by 2018.

Experts at ISNR announced that the region's rapid economic development and connectivity in the Internet of Things era, especially in critical national infrastructure, oil and gas, and financial services, will set to grow from $340m in 2012 to $1bn.

"As cyber-threats grow in complexity and severity, GCC organisations are among the world's most advanced in deploying solutions that proactively protect devices, user information, and corporate data. Infosecurity Middle East is an ideal platform to promote the global Mobile Security Alliance and our enterprise mobility management and end user computing solutions," said Ian Evans, vice president of end user computing at VMware and EMEA managing director at AirWatch.

At Infosecurity Middle East's 6th International Cyber Crime Conference, localised from Europe's leading cyber security exhibition, law enforcement, legal, and business and IT experts debated and discussed Smart City, Internet of Things, and financial cyber security, the UAE National Agenda for Information Security, and online safety and privacy for children.

"Everyone involved in cybersecurity must always keep in mind that customers have different weak spots and different processes, with risks needing to be managed in different ways. There are exciting opportunities around those cybersecurity solutions that can take the fear factor out of unknown quantities, and make them ‘known', but there continues to be significant opportunities around those protection measures that apply the universe of known cyber threat knowledge, to keep us safe every day," said Nathan Clements, managing director at Exclusive Networks Middle East.

VMware AirWatch and Exclusive Networks joined over 100 leading international exhibiting companies at Infosecurity Middle East, including Bitdefender, Blue Coat, Cyberoam Technologies, Dionach, Elettronica, Exclusive Networks, Huawei, QinetiQ, and Winsted.


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