Bulwark Distribution FZCO recently partnered with Holm Security to safeguard Middle Eastern organizations against business-damaging cyber hacks, which cost the region millions of dollars annually.
As per an IBM ‘Cost of a Data Breach Report 2022’, cybersecurity incident costs in the Middle East Region have touched an all-time high of 6.93 million dollars per data breach. The figure is way more than the cost per incident globally, i.e., around 4.24 million dollars.
To counter these ever-growing threats, the partnership between Holm Security and Bulwark will provide the latest system & network vulnerability scanning to businesses across Kuwait, Bahrain, United Arab Emirates, Oman, Iraq, Qatar, Egypt, the Kingdom of Saudi Arabia, and Jordan.
“Adequately managing the security of your systems and networks is a monumental task without the right solution in place, especially in the Middle East where attacks continue to rise,” stated Holm Security CEO and Founder Stefan Thelberg. “With our partnership with Bulwark, businesses will be able to get complete coverage of their vulnerabilities across all types of assets, leading to an increased cyber security posture across their overall attack surface.”
Post this partnership, customers in the region will be able to monitor, uncover as well as control vulnerabilities across their complete business infrastructure that will aid them in preventing sophisticated attacks that witnessed oil companies being held for ransom for millions of dollars in exchange for their data.
It must be noted that the Next-Gen Vulnerability Management Platform from Holm Security automatically scans ever-increasing vulnerabilities, with continuous vulnerability and policy scans across public and local networks, which can be customized based on user requirements. As a result, it becomes easy to organize, track and analyse assets that pose significant risks to the operations. This unique threat intelligence allows enterprises to comprehend and prioritize their cyber security efforts.
Bulwark, with its headquarters in Dubai, is the premier provider of IT Security products in the Middle East. The company offers innovations from over 25 vendors and more than 750 partners. Bulwark aims to offer best-in-class security solutions & technologies to companies across the region. A value-added distributor, the company will offer Holm Security’s NextGen Vulnerability Management Platform to Managed Security Service Providers (MSSPs) as well as other enterprises to identify and mitigate vulnerabilities within their networks.
“We are delighted to offer Holm Security’s innovative platform to our customers across the Middle East,” said Jose Menacherry, Managing Director, Bulwark. “This will play a crucial role in ensuring stronger lines of defense against malicious attacks, giving businesses the means to identify and mitigate system and network vulnerabilities before they can be exploited. Our customers can now rest assured they can go about their business knowing that the most critical vulnerabilities are being found, prioritized, and actioned.”
Thanks to this partnership, Bulwark will now be also providing managed services, extensive training, and check-ups from Holm Security to enhance a business’s cyber security profile.
One of the premiere providers of vulnerability management since 2015, with more than 750 customers at a global level, including in the United Kingdom, Benelux, Nordics, DACH, Southeast Asia, and India, Holm Security is locally present to supply high-quality, reliable solutions that enable enterprises to enhance their security posture while minimizing the attack surface.