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uaE maRkETScapE
“With most employees, students organizations across the region. Networks & Co-Founder - CyberNX
with personal and corporate devices The country is aiming to reinforce Technologies.
working outside a company’s its cyber security capabilities by “As part of the initiatives taken
secured network, the scenario has legislating and enforcing cyberspace by National Electronic Security
flipped the traditional operational security through its government Authority, Dubai Government
and security models. Companies are agencies. It is also expected to Information Security Resolution and
exploring new models like zero trust receive substantial investments Dubai International Financial Centre,
access, continuous and adaptive to strengthen the cyber security Forbes magazine has estimated that
threat analytics and hybrid identity framework. in 2020 the expenditure sanctioned
and Password management to not “Like for instance we have by the government is expected to
only allow secure remote access for a strong regulation from the be in the range of USD 16.6 billion
their employees but also to ensure regulatory body for the Central in the Middle East and 20% of this
strong levels of overall cybersecurity Bank for IT Security Governance and figure would be from the UAE,”
as protection of data on the cloud,” compliance and which is mandatory cited Rohit Bhargava, Practice
said K. S. Parag - Managing Director, for all financial institutions and Head - Cloud & Security, Cloud Box
FVC. banks to comply with. Similarly Technologies.
we have seen other Government
Entities and Regulatory Bodies
clearly defining the guidelines of
Data Security to ensure no security
breach into day to day business
functioning,” pointed out K. S.
Parag.
In addition to significant
investments, the government
of UAE has come up with the
National Cybersecurity Strategy
2020-2025 with the motive to
improve prevailing cyber security
laws and regulations, safeguarding
existing and emerging cyber KrIShnAKAnt
technologies, supporting the
protection of SMEs against cyber mAthurIA,
K. S. PArAg, threats and mandating cybersecurity Director - Know All Edge
Managing Director, FVC certification for government Networks & Co-Founder -
suppliers combined with starting up CyberNX Technologies
of 60 new initiatives and building
The established players in the skills of more than 40,000 new
UAE cyber security space include the cybersecurity experts. Challenges to Data Security
likes of McAfee, Symantec, Fortinet, “These efforts by the government However IT security still remains
Palo Alto Networks, Trend Micro, of UAE would boost the security a highly challenging and complex
FireEye, Cisco, Imperva, LinkShadow, of critical infrastructure across area for organizations from the
while brands like Microsoft and HP various sectors namely, energy, MEA region. This has been fueled
are gradually trying to increase their ICT, electricity and water, finance not only by the complexities of the
penetration and depth into this and insurance, health, thereby, attacks but also by the growing gap
domain. A few new entrants in the generating new areas of application between the knowledge and skills of
market are Corelight, Gigamon, etc. for cyber security solutions and the attackers, particularly around the
services in forthcoming years. The areas of ransomware and exploits,
Opportunities in Data Security strategy is based on 5 pillars and and that of the IT professionals
The UAE government has 60 initiatives aiming to mobilize charged with preventing them.
taken Data security as a high the whole cybersecurity ecosystem “Middle East is like any other
priority and Governance for all in the UAE,” said Krishnakant developed region. More often
Mathuria, Director - Know All Edge
AUGUST 2020 9
