Cyber-Security Spending Expected to Increase by 2019

Abu Dhabi, United Arab Emirates - Wednesday, July 1st 2015 [ME NewsWire]

The 7th edition of the International Exhibition for National Security and Resilience (ISNR 2016), which is scheduled to take place at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi on 15th -17th March, 2016, will witness the debut of a leading international event, Infosecurity Middle East.

Infosecurity Middle East is a highly respected international brand in the information security industry and in 2016 will be a co-located exhibition with ISNR.  Infosecurity Middle East will provide an opportunity for regional governments, critical infrastructure, major public institutions, IT security firms, and cyber-security professionals to review the latest trends and innovative solutions to ensure the security of business information and IT infrastructure.

World countries see cyber-crime as a growing threat, and are set to invest heavily on cyber security over the next four years.

In 2014, according to a security report by PricewaterhouseCoopers (PwC), the number of information security incidents rose by 48 per cent to 42.8m, compared to 2013.

The Cisco 2014 Annual Security Report documents unprecedented growth of advanced attacks and malicious traffic against the Middle East region; particularly in the Energy sector, which is among the top five most-targeted industries by cyber-criminals and malware attacks in 2014, according to report.

Additionally, the global energy sector was subject to a 300% higher malware encounter rate than the median industry. This indicates that investment in cyber security is a critical issue for governments and corporations alike.

Another report by MarketsandMarkets shows that regional governments will have to spend upwards of USD 9.5 billion on cyber-security by 2019; to support governments and enterprises collaboration to implement strict laws and regulations for securing networks.

Nicky Dawson Group Exhibition Director – at Reed Exhibitions noted that cyber security requires constant follow up of the latest solutions, advanced technologies that are rapidly evolving. She also said that the constant change and evolution of the internet and related technologies paves the way for further cyber attacks against governments and businesses alike both regionally and internationally.

Adding further, she said: “Cyber security was the key topic that was discussed during this year’s World Economic Forum. All participants have agreed that it represents a threat to national security. In this context, the launch of Infosecurity Middle East will bring a valuable addition to the rapidly growing regional information security market, with more than 20 years of experience in cyber security in Europe.”

Nicky Dawson also noted that ISNR is the third biggest international exhibition and conference on national defense in the world, and brings countries from all over the world together to check most recent solutions in national security area. Under the guidance and direction of the UAE's Ministry of Interior, ISNR was established as a dedicated platform for countries from around the world to view and source the world's latest homeland security solutions.

In conclusion, Dawson indicated that ISNR 2016, which will take place at the Abu Dhabi National Exhibition Centre (ADNEC) in Abu Dhabi on 15th -17th March, 2016, is expected to bring together 500 exhibitors from 45 countries. The exhibition will occupy a total area of about 27,000 square meters, where exhibitors will showcase their security solutions to 20,000 visitors from over 90 countries; 18,000 specialists and decision-makers from public and private sectors regionally and internationally, and 150  regional and international government and corporate buyers.

For more information about:

The Ministry of Interior, please click HERE

Abu Dhabi Police, please click HERE

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The Arabic-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the Arabic-language text, which is the only version of the text intended to have legal effect.

Contacts

The UAE Minister of Interior's General Secretariat, Tactical Affairs and Security Media Department

Abu Dhabi Police GHQ - Security Media

Chris Cron +971-(0)-50-987-1317

E-mail: cron.media@hotmail.com

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