Complex Made Simple

GISEC 2014 reveals UAE IT security services sector to reach Dhs1.7 billion in 2018

The increasing importance of security has become a core consideration for both commercial and government organisations with Europe, the Middle East and Africa (EMEA) regions steadily adopting various security technologies, including the outsourcing security to Managed Security Service Providers (MSSP).

As a result, in the UAE, expenditure on security is high and a priority across all verticals with advanced physical security solutions in place for most of its critical infrastructure. The I.T. security services sector is estimated to reach Dhs1.7 billion ($473 million) in 2018 with an expected growth rate of 17%. This was according to the findings of a Frost & Sullivan report that was revealed at the second Gulf Information Security Expo & Conference (GISEC), held from 9 to 11 June at Dubai World Trade Centre (DWTC).

As GISEC 2014 Conference Knowledge Partner, Frost & Sullivan found that the complexities of securing an organisation’s network and infrastructure against targeted attacks, along with the need to reduce capital expenditures and to comply with relevant industry standards have been a major growth driver for Managed Security Services (MSS). The government, along with organisations in the Emirates, particularly in the banking, finance and commercial sectors, will drive the spending in the physical security services segment and are also open to outsourcing MSSP for provision for security, the report stated.

Meanwhile, as the region’s only large-scale information security platform, GISEC 2014 ended on a high note attracting 3891 trade visitors and more than 100 exhibitors from the world’s leading information security companies and brands.

“We are very pleased with the outcome of the second edition of GISEC in terms of number of visitors; conference speakers and topics tackled during the conference,” said Trixie LohMirmand, Senior Vice President, Dubai World Trade Centre.

“The event served as a perfect platform in bringing together the brightest minds in the field of information security and in drawing strategic tactics in ensuring the sustainability and safety of the region’s I.T. infrastructure,” added LohMirmand.

The three-day event was marked by the convergence of leading information security experts from around the world, headlined by Robert Bigman, former Chief Information Security Officer at the CIA, and Mikko Hypponen, Chief Research Officer at F-Secure, who shared their insights on combating cybersecurity and threat.

Bigman revealed during his presentation that in order for a company to have a strong information security arm, it should have a centralised management with strong program and data governance controls. He also recommended that the best solution to thwart sophisticated hackers and cyberthreats include system encryption, white-listing of approved applications, cyber intelligence and sharing big data analytics.

With the rise of online attacks on end-users, Hypponen suggested some steps that home and business users can do to counter online criminality. Among the steps were constantly doing backups, system updates, and a dependable security software and firewall installed in all devices.

Commenting on the outcome of GBM’s participation at GISEC conference, Hani Nofal, Executive Director of INS, GBM said, “We received good feedback and interests from attendees during our participation at the show’s conference segment, which was complemented with informative and engaging content and speakers. It is our second participation as the event’s Diamond Sponsor, and as one of the biggest security solution providers and I.T. players in the region, we look forward to next year’s GISEC.”

GISEC also organised free-to-attend workshops and security sessions comprised of vendor-run educational presentations, product demonstrations and case-studies to help defend businesses from cyber-attacks. Regional I.T. professionals also received workshops and training sessions based on the official Certified Information Systems Security Professional (CISSP®) Common Body of Knowledge (CBK®) Review Seminar. CISSP is an independent information security certification governed by the International Information Systems Security Certification Consortium (ISC)².

“As the Strategic Sponsor of GISEC 2014, we were pleased to feature two speakers addressing challenges as future looking and diverse as the impact of quantum computing on security and the importance of security programmes to protect one of a company’s biggest asset: the brand. This was an ideal platform for us to demonstrate our cyber security thought leadership” says Wael El Kabbany, Managing Director Middle East and North Africa at BT Global Services.

Meanwhile, security professionals from the region also hailed this year’s GISEC. “It was a successful show for us and we’ve had received good enquiries at our stand wherein we’ve met a lot of security professionals looking to strengthen their companies’ I.T. security network. GISEC’s conference also provided valuable insights and solutions from key vendors and speakers, making it a perfect venue to discuss pressing cybersecurity issues in the region,” said Saju Ignatius, Marketing Manager, ComGuard, a leading value-added distributor for I.T. Security.

“With the rise of cybercrimes in our day-to-day lives; it has increasingly become important for businesses to look for robust solutions to combat cyberattacks. GISEC has done a great job by bringing the I.T. experts under one-roof to share their expertise in fighting cybercrime,” said Bala Venkatramani, Marketing Manager for I.T. Security Solutions, ManageEngine, a global software solution provider.

“The banking and financial institutions in UAE and Saudi Arabia are looking for network session monitoring and security solutions, and GISEC proved as the perfect platform for ManageEngine in reaching out to potential business. We have received positive response from several prospects and we look forward to next year’s expo.” he added.

Among the key sponsors of the exhibition were BT Global as Strategic Sponsor; GBM as Diamond Sponsor; Spire Solutions and Protection Group International as Platinum Sponsors; Access Data, Websense International, Fire Eye and F5 Networks as Gold Sponsors; Research in Motion (Blackberry), CSC Computer Sciences, Guidance Software and Palo Alto Networks as Silver Sponsors. Meanwhile, Paladion was the sponsor for the I.T. Security Awards

Powered by GITEX TECHNOLOGY WEEK, the region’s leading Information and Communications Technology (ICT) event, GISEC is strictly a trade-only event and is open to business and trade visitors from within the industry only. GISEC 2014 took place from 9-11 June and the third edition will be held from 26-28 April 2015. Visitor attendance is free of charge.