Why Cyber Resilience is Becoming Top Priority for Saudi Banks

Why Cyber Resilience is Becoming Top Priority for Saudi Banks
21.02.2019 09:37 am

Why Cyber Resilience is Becoming Top Priority for Saudi Banks

Security

Inadequate cyber security has long been a threat to the banking industry, costing the banks revenue losses and tarnished brand image.

In the face of this growing concern, banks across KSA have been increasingly investing in technological advancements in order to adopt a proactive approach to cyber security.  Supporting this, the Saudi government’s expansionary vision and digital transformation plan of Vision 2030 looks at investments and opportunities in banks for technological advancements. Vision 2030 marks a decisive point to advance Saudi Arabia’s financial sector — a critical ingredient to the country’s economic transformation. As a result, the cyber security market in Saudi Arabia is expected to reach $3.48 billion in 2019 from $1.51 billion in 2013 growing at a CAGR of 14.50%.

FutureSec - The Banking Information Security Summit brings together security leaders at the forefront of protecting critical bank information and driving technology implementations for their most critical security initiatives. Scheduled for 17-18 April 2019 at Movenpick Hotel, Riyadh, KSA, the summit will bring together the region’s banking information security leaders.

Participants include CISOs & top decision makers from Samba Financial Group, NCB (Al Ahli Bank), Arab National Bank, Standard Chartered Bank, Saudi Telecom Company, Gulf International Bank and HSBC among others.

To find out more about the event, connect with us at marketing@futuresecsummit.com.

About Galadari Printing and Publishing Co. L.L.C:

Galadari Printing and Publishing Co. L.L.C is the publishing house of one of the leading English Dailies in the UAE. Khaleej Times is the first English newspaper to be launched in the UAE in 1978.

Khaleej Times is the highest circulated of the English language newspapers throughout the Gulf and reaches out to all parts of the UAE. Additionally, it covers Bahrain, Oman, Kuwait, Qatar and Saudi Arabia through a dedicated distribution network. The newspaper stepped into the digital medium with the launch of Khaleej Times online which reaches out to a targeted readership both at home and abroad, who are interested in news and information both about the UAE as well as the Middle East at large.  It has carved its own niche brand equity and is one of the websites in the Middle East with largest number of hits. Apart from focussing on news from the UAE and the Middle East, it also provides many value-added and interactive features which are exclusive to the online edition.

Media Contact:

Priyadarshini Rampuria

Assistant Manager ‑ Conferences

priya@khaleejtimes.com

Website: http://futuresecsummit.com/

 

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