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Symantec unearth international cyber criminal gang dubbed “Bayrob”

Symantec has revealed the findings of a decade-long research campaign that helped unearth an international cyber criminal gang dubbed “Bayrob.” Symantec’s wealth of intelligence led to a successful FBI sting operation and the capture of three criminals in Romania. The group is responsible for stealing up to $35 million from victims through auto auction scams, […]

Kaspersky 2016 review: servers for sale, global botnets and strong focus on mobile

In 2016, the world’s biggest cyberthreats were related to money, information and a desire to disrupt. They included the underground trade of tens of thousands of compromised server credentials, hijacked ATM systems, ransomware and mobile banking malware – as well as targeted cyber espionage attacks and the hacking and dumping of sensitive data. These trends, […]

MEA cloud data centre traffic to grow 440% by 2020, says Cisco report

The recently released sixth annual Cisco Global Cloud Index (2015-2020) reveals that global cloud traffic is expected to rise 3.7-fold, up from 3.9 zettabytes (ZB) per year in 2015 to 14.1 ZB per year by 2020. In Middle East and Africa, data centre traffic will reach 451 exabytes per year by 2020, up from 105 […]

McAfee Labs report finds 93% of Security Operations Centre managers overwhelmed

Intel Security has released its McAfee Labs Threats Report: December 2016, which provides insights into how enterprises are using security operations centres (SOCs), details key 2016 developments in ransomware, and illustrates how attackers are creating difficult-to-detect malware by infecting legitimate code with Trojans and leveraging that legitimacy to remain hidden as long as possible. The December […]

Enterprise WLAN market sees strong global growth in Q3 2016, says IDC report

The combined consumer and enterprise worldwide wireless local area network (WLAN) market segments increased 1.8% year over year in the third quarter of 2016 (3Q16), and increased 6.7% on a sequential basis to finish at $2.47 billion. According to the International Data Corporation (IDC) Worldwide Quarterly WLAN Tracker, the enterprise segment grew 8.4% year-over-year in […]

Equinix to acquire data centre sites from Verizon in $3.6 billion deal

Equinix has entered into a definitive agreement to purchase 24 new data centre sites and their operations from Verizon Communications, Inc. in a $3.6 billion deal. These sites contain 24 data centre sites, which includes 29 data centre buildings across 15 metro markets in North and Latin America. They expand coverage to new markets such […]

Bab Rizq Jameel and Oracle sign MOU in support of tech entrepreneurship across KSA

Oracle Saudi Arabia has signed an MoU with Bab Rizq Jameel, part of Community Jameel to support the 2nd Massachusetts Institute of Technology (MIT) Enterprise Forum startup competition in Saudi Arabia. The competition aims to help social and business start ups develop a competitive digital ecosystem.  Oracle will host a series of technology sessions; mentor […]

New survey reveals biggest cyber security threats and risks to financial sector

The financial services industry is under a barrage of ransomware and spearphishing attacks, according to a new survey conducted by the SANS Institute, gauging the state of risk and security in the financial sector. For the first time, ransomware, identified by 55% of respondents, has eclipsed spearphishing (50%) as the top attack vector. Such attacks […]

Intel Security/McAfee Labs releases cyber threat predictions for 2017

Intel Security has released its McAfee Labs 2017 Threats Predictions Report, which identifies 14 threat trends to watch in 2017, the most critical developments to watch for in cloud security and the Internet of Things (IoT) security, and the six most difficult-to-solve challenges facing the cyber security industry. The report reflects the informed opinions of 31 […]

SMB purchases of IT products & services forecast to reach $668 billion by 2020

The first Worldwide Semiannual Small and Medium Business Spending Guide from International Data Corporation (IDC) forecasts small and medium businesses (SMBs – businesses with less than 1,000 employees) will spend $564 billion on IT hardware, software, and services, including business services, in 2016. This amount is expected to increase at a compound annual growth rate […]