By: Ray Kafity Things are heating up in the Middle East when it comes to cyberattacks, with entire industries, including regional governments, feeling the brunt. So much so, that mainstay industries like Banking & Finance, Oil & Gas, and Retail are increasingly finding themselves in the crosshairs of cybercrime, making them the most heavily targeted sectors in the region. It has become evident that no organization, regardless of size, is off-limits. Organizations must assume they are a target – or will become one eventually. Therefore, adopting advanced tactics of defense and keeping up-to-date with technological advancements in the field is a necessity.
Cybersecurity firm Attivo Networks has announced it has raised $21 million in Series C venture capital funding.
The funding round was led by Trident Capital Cybersecurity with participation from existing investors Bain Capital Ventures and Omidyar Technology Ventures.
he round of funding follows a $15 million Series B financing in May, representing $36 million raised in the last five months and a collective total of $45.7 million overall.
Attivo Networks® announced a strategic partnership and technology integration with Help AG, a leading information security services and solutions provider in the Middle East. This partnership will enable both, Attivo Networks and Help AG to provide organizations access to comprehensive and next-generation deception solutions in the Middle East to equip them with the essential ability to proactively mitigate threats and address their most critical security challenges.
In the recent past, we have seen an alarming trend – attackers becoming faster innovators than the defenders. With increasing complexities around cybersecurity, the need for threat intelligence is becoming more apparent.
Ransomware is on the rise. With over 4,000 ransomware attacks occurring per day in 2016, it has now grown into a billion-dollar industry. As WannaCry and Petya have highlighted earlier this year, these kinds of cyberattacks are going nowhere, making it one of the top three malicious, most visible security incidents impacting every industry sector and society.
The right security measures must be put into place in order to ensure businesses, their employees, and customers are kept safe.
Mobility has become a critical factor instrumental in making a city smarter, sustainable and resilient. Our world has never been more connected than in this day and age. Approximately 11 billion devices are connected to the Internet at present and this number is likely to triple by 2020 and by 2025, 80 billion devices will be connected to the Internet.
Carrying forward this blazing trend, most countries in the Middle East have placed smart city initiatives at the heart of their future development plans in some shape or form. The Middle East and Africa (MEA) will invest more than $6.6 billion in Internet of Things (IoT) hardware, software, services, and connectivity in 2016 – which is expected to increase to $14.3 billion by 2020. And, transportation is one of the vertical industries leading in terms of IoT investments in the region.
Attivo Networks recently announced the first two steps in its strategy to build its Middle East presence. The first step is to serve the Middle East, Turkey and Africa from our new office in Dubai, staffed with industry veterans and in partnership with leading regional value-added distributor Starlink to effectively serve the region.
Attivo Networks® announced today that due to the high demand to protect the region’s critical infrastructure it is expanding its worldwide presence by opening an office in the Middle East, the hiring of multiple industry veterans and partnering with Starlink, a leading value-added distributor focused on security solutions in the Middle East, Turkey and Africa.