Tenable’s analysis of data breaches in 2020 reveals over 22 billion records exposed.
McAfee Estimates Global Cybercrime Losses at $1 Trillion
McAfee has released a new global report titled “The Hidden Costs of Cybercrime,” which focuses on the significant financial and unseen impacts that cybercrime has worldwide.
Smart tech boosts UAE’s healthcare market to $21 billion
As Middle East companies step up their preparations to return to work safely, the expectations of customers have transformed forever, according to a recent report by McKinsey
Financial services company reduces fraud losses by $3.4 million with Kaspersky
Kaspersky Fraud Prevention has enabled a financial services company to reduce fraud losses by as much as $3.4 million over three years.
Hikvision posts $3.475 billion in revenues in H1 2020
Hikvision generated a revenue of RMB 24.27 billion ($3.47 billion) with a year-over-year (YoY) increase of 1.45 percent during H1 2020.
Huawei to invest $200 million in computing ecosystem in 2020
Huawei has announced that it will invest $200 million in the computing ecosystem and help support 2 million developers worldwide in 2020.
Thoma Bravo completes $3.9 billion acquisition of Sophos
Sophos has announced the completion of its acquisition by Thoma Bravo, a global private equity firm focused on the software and technology-enabled services sectors, in a cash transaction that values Sophos at approximately $3.9 billion.
Bosch to open $111 million AI tech campus
Artificial intelligence (AI) has increasingly become an integral part of everyday life, whether it’s for automated driving, smart home solutions or manufacturing.
Uber closes $3.1 billion acquisition of Dubai’s Careem
Uber has confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has now become a wholly-owned subsidiary of Uber, preserving its brand.
Emirates NBD boosts AED 1 billion digital transformation
Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system …
US-based private equity firm makes $3.9 billion bid for Sophos
Global cloud-enabled cybersecurity firm Sophos has announced that Thoma Bravo has made an offer to acquire the firm for $7.40 per share, representing an enterprise value of approximately $3.9 billion.
Saudi ICT strategy to bring $13 billion boost for economy
Saudi Arabia’s Information and Communications Technology (ICT) Strategy will contribute $13.3 billion to the country’s gross domestic product (GDP) over the coming five years.
OPPO invests $1.4 billion to boost its global innovation strategy
OPPO has recently revealed plans to spend $1.46 billion on research and development this year and has announced that it will establish a new R&D centre in China’s Chang’an Town, Dongguan, Guangdong Province.
IBM closes $34 billion deal to acquire Red Hat
IBM has acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion.
Chinese smart home solutions firm exposes 2 billion user logs
A Chinese smart home solutions provider has been leaking billions of logs from devices managed via the company’s cloud platform, exposing a range of sensitive information about their users, according to recent report by ESET.
Cybercrimes to cost global businesses $8 trillion over next five years
Cybercrime is projected to cost a whopping $8 trillion to the businesses globally in the next five years, according to Dr. Karim Sabbagh, Chief Executive Officer of DarkMatter Group.
Data management challenges cost UAE firms $2 million a year: study
More than two-thirds of organisations in the UAE are losing more than one hour daily due to data being difficult to locate impacting business efficiency by 17 percent, according to a recent study.
Dubai-Abu Dhabi Hyperloop to cost “$20-40 million per kilometer”
The world’s first commercial hyperloop system, which is set to open in Abu Dhabi in 2020, will cost between $20 million to $40 million per kilometer, according to Hyperloop TT chairman Bibop Gresta.
Digital transformation investments to cross $40 billion in four years
Annual spending on digital transformation (DX) initiatives in the Middle East, Turkey and Africa is set to cross the $40 billion by 2022.
Dubai boosts regional smart cities spend to $2.3 billion
The UAE’s government-led Smart City projects are driving regional Smart Cities spend to reach a record-high of $2.3 billion by 2021.