Cyber
security (or computer security) refers to the security applied to
entire web (cyber) world, which includes everything from computers to
smartphone and other automated devices with web-connectivity. The
prime objective is to ensure the confidentiality of the information
shared across the network. It is also applied to data monitoring in
public and private computer networks including the internet to ensure
information security. The cyber security enables protection from
attacks such as unauthorized access, hacking, injection of codes such
as virus and Trojans and other vulnerabilities. Today, due to growing
industries and preference for centralization amongst the
organizations; the computer based systems have become an
indispensable part of the business processes. Thus, cyber security
has become the most critical concern for organizations to protect
their data from the fast rising incidences of cyber crimes. Cyber
security systems are used in computers connected to the internal as
well as external networks.
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Cyber
security can be broadly segmented on the basis of technologies used
to prevent cyber attacks. Various technologies to ensure cyber
security include antivirus, data encryption, intrusion prevention
systems, firewalls and distributed denial of service (DDoS)
mitigation. Antivirus is computer software which is used to detect
and remove viruses and other malwares interfacing with the systems
through the internet. Data encryption is an algorithm used for the
security of electronic data by encrypting the data using symmetric
key. Intrusion prevention systems are network security appliances
which monitor system and network activities for malwares. The
intrusion prevention systems are used to identify malwares, follow
its information, attempt to block the malware and report it to the
system. Firewall is network security system which monitors and
controls the network traffic and works on a set of network specified
rules. The firewall establishes a barrier between secure, trusted
internal network and other unknown, non-trusted networks. DDoS
mitigation includes set of techniques to ensure protection from
denial of service attacks to the systems connected to the internet.
Currently,
Middle East nations are witnessing significant economic and
technological transformation due to growing business opportunities in
large industries such as banking, financial services, insurance
(BFSI) in the region. With the rapid economic growth and increasing
threat of cyber crimes, many organizations in the Middle East
countries are beginning to recognize the need for an efficient cyber
security system . This creates healthy demand for cyber security
systems among the organizations in this region. Moreover, the Middle
East region is dominating in heavy industries such as oil and gas.
These industries due to their remote and geographically vast
operations are highly dependent on internet networks, which in turn
magnify their vulnerability to cyber attacks. This threat of cyber
attacks is another factor boosting the demand for latest cyber
security solutions in this region.
Amongst
the Middle East countries, United Arab Emirates (UAE) accounts for
the largest demand for advanced cyber security solutions, due to
expanding BFSI sector, for the past few years. Saudi Arabia follows
UAE in terms of demand for cyber security systems with growing oil
and gas as well as BFSI industry. However, countries such as Oman and
Qatar are expected to grow at a healthy rate in near future owing to
increasing business opportunities in oil and gas industry in this
region.
Some
of the major players in the cyber security systems market include BAE
Systems, Boeing Defense, Space and Security, Computer Science
Corporation (CSC), IBM Corporation, Intel Corporation, Symantec
Corporation, Hewlett Packard (HP) Company, Booz Allen Hamilton Inc.,
IBM Corporation and others.
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