Following the reports that the Middle East is susceptible to cyber threat, Chief Information Security Officers (CISO) who were present at the GITEX Technology agreed that the security of industrial Internet is a top priority for the Middle East.
According to a recent report by Consultancy Accenture, spending on the Industrial Internet, combining Big Data with the Internet of Things altogether would impact USD 15 trillion of global GDP by 2030.
The reports say these technologies can expose companies to cyber security risk, and only 44 percent of organizations have end-to-end security in place.
“Security is becoming more relevant than ever before in today’s hyper-connected world. Our increasingly digitized ecosystem presents us with both opportunities and challenges. Governments and businesses in every industry need to adapt to this new reality by creating an agile and resilient security framework that actively prevents and combats cyber-attacks” says Tony Karam, Managing Director of Accenture Digital in the Middle East and North. Africa.
According to him, cyber criminals never rest always devising different strategies to strike as well as testing the limits of every organization. This means business must think differently and deeply embed cyber defense strategies across the entire value chain,” added Tony.
Sponsored by network security company ForeScout Technologies, Inc., the invite-only closed-door CISO Breakfast Briefing saw CISOs from a wide range of industry verticals exchange knowledge on Internet security advancements, and share best practices on challenges and opportunities.