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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
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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
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