Digital transformation in the BFSI industry has not only led to the rapid growth of fintech but is also disrupting the traditional banking system as we know it. While technology offers several opportunities and advantages, it also represents its fair share of security concerns and threats. Emerging channels, such as mobile banking, digital banking platforms, Internet of Things (IoT) etc., are being exploited by cyber criminals. Over the past few years, the BFSI industry in the Middle East has become one of the prime targets for highly sophisticated and targeted attacks.
Digitisation is expected to increase the annual cost of cybercrime to US$ 6 trillion by 2021. In light of the recent ransomware attacks, global spending on security products and services is projected to exceed US$ 1 trillion over the next five years. Although banks are increasing their spending to protect customers and data, security is no longer a one-size-fits-all solution. Security professionals must be equipped with adequate intelligence to stay ahead of ever-evolving technology and changing user behavior.
Infosecurity Middle East is the Gulf’s specialist event for securing vital government and critical business data against ever-growing cyber threats. Infosecurity Middle East, the regional edition of Infosecurity Europe and part of the global Infosecurity Group event series, provides matchmaking between specialised suppliers, technical prescribers and government buying entities.
In May 2017, WannaCry affected organizations across the globe, including numerous hospitals. It led to work shut down at hospitals across the United Kingdom and affected hospitals in Canada and United States. According to a report by an investment banking advisory firm Alpen Capital, the GCC healthcare market is projected to grow at a CGR compound annual growth rate (CAGR) of 12.1% per annum from an estimated $40.3 billion in 2015 to $71.3 billion in 2020. With this growth comes the risk of cyber-attacks which can vary from financial fraud, medical insurance fraud, attacks on computer-controlled medical devices to patient information.
MENA Cyber Health Summit, scheduled to take place on 26 & 27 March 2018 in Dubai, United Arab Emirates, aims to create a platform for all stakeholders to discuss and help healthcare organizations develop a real-time response and recovery, to cyber threats.
GISEC 2018 is the regions gathering place for all who thrive on the business of internet security. It serves an international dialogue on cyber threats, market needs, and innovative solutions with keynote speakers comprised of industry executives and heads of state from around the region.
Future Technology Week is what happens when you cross genius with technology, when you get major problems that need crazy solutions, and when you must be the first to market with game changing products that need to be adopted early.
That’s why we host the event in Dubai, an Emirate renowned the world over for its early adoption of breakthrough future technology.
We have scoured the globe to find some of the most amazing technologies in the following fields:
– Digital cities
– Internet of Things
– Artificial Intelligence + Robotics
– 5G + Telecom
– ICO + Crypto