New Delhi: WhizHack Technologies has made a promising foray into Middle East & Africa, with its participation in GISEC, held from April 23rd to 25th, 2024, at the prestigious Dubai World Trade Centre, the company said in a media release.
Armed with a wide range of cyber security solutions WhizHack aims to forge strategic partnerships and the introduction of customized cybersecurity offerings in the region, in a bid to defend critical infrastructure from advanced cyber-attacks, the company said.
Protiviti stands at the forefront for large-scale turnkey projects, CSA (Corporate Service Advisors) for consulting services while WhizHack partners with Securenet as a specialized value-added reseller (VAR). With these alliances, WhizHack is poised to deliver tailored cybersecurity solutions that meet the unique needs of organizations in the MENA region. The Managed Services Security market is slated to increase from $61m in 2023 to $341m in 2028 and with the strategic alliances, WhizHack intends to secure a sizable market share.
According to the company, these strategic collaborations showcase WhizHack's dedication to solidifying its presence in the Middle East and providing organizations with cutting-edge cybersecurity expertise and solutions. Leveraging its extensive experience and expertise gained from serving prominent clients in India, including the Defence sector, airports, and energy networks, WhizHack is well-positioned to deliver comprehensive cybersecurity solutions that address the evolving threats facing organizations in the Middle East.
According to the latest study by Polaris Market, the Middle East Cybersecurity Market is slated to rise from $13.98 billion in 2023 to $32.39 billion by 2032. The region is witnessing a sharp rise in cyber security due to the growing need for advanced security measures to safeguard vital infrastructure, governmental organizations, and commercial enterprises against virtual attacks. As outlined in IBM’s 2023 study, cybersecurity incidents in the Middle East have soared to a record average of $8.07 million per data breach, up from 2022 which was $7.46 million not to mention a notable increase compared to the global average of $4.45 million per incident. This puts the Middle East in second place to the USA for regions with the highest average cost per data breach.
Kaushik Ray, Co-Founder & COO, WhizHack Technologies said, Globally the Middle East is one of the most naturally abundant oil and gas regions, which in turn means critical infrastructure will always be targeted. Not to mention the region's geopolitical tensions which have always given way to skilled and motivated APT groups to carry out well-planned and highly sophisticated attacks. The MENA market is facing some of the most advanced cyber-attacks because of high-value concentrated assets. Due to the limited availability of locally trained manpower, WhizHack, as the only vertically integrated cyber security player can not only empower large-scale local manpower but provide end-to-end managed security services across segments like Oil & Gas, Energy, BFSI, Telecommunications and Defence”.
At the GISEC, held from April 23rd to 25th, 2024 the company showcased its cutting-edge cybersecurity solutions and addressed the region's evolving cybersecurity landscape effectively. WhizHack's foray in the MENA region heralds a new era of cybersecurity excellence, characterized by innovation, expertise, and unwavering commitment to safeguarding digital assets and infrastructure, according to the company.
