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With cyber-attack on Middle East's oil and gas a real possibility, experts gather to discuss solutions
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed April 4, 2012 1:15 pm

OMAN. Following a day focused on international collaboration and knowledge sharing as potential solutions against the ever-increasing threat of cyber warfare, day two of the Cyber Defence Summit was opened by Marco Obiso, Cyber Security Coordinator at ITU.
 
Amongst the experts that contributed on this second day were Shawn Henry, Former Executive Assistant Director, Criminal, Cyber, Response, and Services Branch, Federal Bureau of Investigation. In 2009, SC Magazine confirmed him as one of the top industry pioneers to have shaped the information security industry. One year later, he was named cybercrime fighter of the year by McAfee Inc, and as one of the most influential people in security by Security Magazine.
 
Henry commented: “We have to share threat data. My threat data will help enable you to be more secure. It will help you be predictive and will allow you to be proactive. Despite our best efforts we need to assume that we will get breached, hence we need to ensure our organisations have consequence management in its systems that allow us to minimise any damage.”
 
Guy Meguer, General Manager Middle East at Cassidian and Sypris Electronics' Information Assurance Technical Director Michael Duren, featured on a panel discussion evaluating the security threats and vulnerabilities of a SCADA network -- a system utilised by the majority oil and gas companies.
 
“There is more to cyber security than just tools. The deeper we go into a SCADA system the more security is required. Besides tools, cyber security can be achieved through better procedures -- and redesigning information technology architecture and vulnerability management,” explained Meguer.

Michael Duren described the infamous Stuxnet in detail and how it can lead to loss of money and lives: “It has been a milestone for malware and is the benchmark that every security system needs to be able to combat. Every industrial system needs to be capable enough to at least handle Stuxnet, because in the future malware and viruses will only become more complex.”
 
Although cloud computing is considered the way forward by many in the information technology industry, one of the main concerns associated with it is security. These fears were addressed by InfoWatch’s Alexander Zaravosky, Mohamed Nayaz from Ernst & Young and Barclays’ Martin McHugh.

All three concluded that cloud computing is not a buzzword anymore: “It’s a reality and something that is here to stay.“ They highlighted a few of the major benefits of cloud computing, including the lower cost of ownership, faster response time and the ease of scalability.
 
The summit is endorsed by ITU-IMPACT, the largest cyber security alliance of its kind and officially hosted by Information Technology Authority Oman and Oman National CERT.

Organised by leading French business information group naseba, it enables regional cyber security experts to meet in one location and formulate comprehensive, forward thinking plans to defend the Middle East -- and specifically its critical infrastructure -- from possible cyber threats.
 
Robert Forster from Edgemount Solutions and Maitham Al Lawati, Head of Information Security with Oman Arab Bank drew the summit to a close by debating the topic of managing secure mobility. They agreed on the importance of maintaining a balance between keeping business infrastructures secure and enabling enterprise mobility. Perhaps the most important point raised during the discussion was how to tackle potential loop-holes in mobile security effectively.
 
About naseba
 
naseba produces, promotes and hosts business summits, professional training courses and business exhibitions targeting executive level attendees across multiple industries. Each event is focused on re-education, networking and creating a deal-flow platform for all participating organisations. Whether it is raising capital, expanding to a new market, vendor sales contracts or sourcing a strategic partner, naseba facilitates and supports clients’ business development.

Our team of experts conducts extensive research in conjunction with recognised thought leaders to ensure that all events are relevant, timely and at the forefront of market and industry trends.

naseba collaborates with leading media, industry and local authorities, such as International Data Corporation (IDC), International Business Consultancy Group (IBCG), Saudi Trading and Resources Co. Ltd. (STAR Group Holdings), HIL International Lawyers & Advisers (HIL), International Herald Tribune, CNBC Arabia, Zawya, Council of Saudi Chambers, Asharqia Chamber, Abu Dhabi Health Authority, Ministry of Health - UAE, Ministry of Economy - UAE, Ministry of Environment and Water – UAE, Egyptian Ministry of Civil Aviation, Qatar Civil Aviation Authority, Ministry of Municipality and Urban Planning – Qatar, Privatization and Investment Board (PIB) – Libya, Principality of Monaco, Singapore Tourism Board, Malaysia Airports Holding Berhad, Department of Civil Aviation – Malaysia and many others.

Since its inception in France in 2002, naseba has organised over 400 events and played host to 58,000 executive delegates globally. Operating from four strategically located offices, naseba has on-the-ground presence in Monaco, Cairo, Riyadh, Dubai, Bangalore and Kuala Lumpur.

For more information on naseba, please visit www.naseba.com

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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