The Gulf Cooperation Council (GCC) region is witnessing unprecedented growth in the financial sector, with a surge in both traditional financial institutions and emerging fintech companies. Due to their financial power and increasing connectivity, they are the prime target for cyberattacks and data breaches, making the protection and security of their critical data a paramount concern.
According to a recent study, the global fintech market is projected to reach a staggering $324 billion by 2026, demonstrating the exponential growth of this sector. With such rapid advancements, the need to fortify data infrastructure against potential disasters has become more crucial than ever.
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The adoption of cloud technology has been on the rise and for good reason - businesses streamline their operations, improve their agility, and reduce costs. However, with the increasing complexity of cloud environments, managing costs has become increasingly important.
This is where cloud cost management comes into play. It refers to the processes and tools used to control, monitor, and optimize the costs associated with cloud usage. With effective cloud cost management, you can maximize the value of cloud investments and achieve the desired outcomes.
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Cybercrime is on the rise and it’s important that each member of your organization realizes the importance of data security. Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025.
In today’s post, we will discover how to develop a robust data security strategy to secure your business and prevent external attacks.
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Businesses have faced huge challenges and have undergone an incredible amount of change over the past few years, and this won’t slow down in 2023. Each year brings forth the opportunity to enhance your business operations and reduce your overall IT spend. In 2023, one trend that has been gaining a lot of attention is the growth of cloud adoption to perform AI and ML operations. These technologies are being used to automate a wide range of tasks, including data analysis, language translation, and image recognition. In fact, by the end of this year, 31% of organizations expect to run 75% of their workloads in the cloud.
Let’s find out which three crucial IT changes you need to embrace quickly to improve your business in 2023.
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Investing wisely in your assets and infrastructure is key to a higher return on investment. However, to really understand which infrastructure is most cost-effective for your business, you need to perform meaningful cost comparisons.
Cloud Total Cost of Ownership, or TCO for short, is a metric that defines and assesses how effective the cloud is for you by adding up all the costs associated with the purchase, operation, and maintenance of your cloud components.
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BIOS Middle East (BIOS), GCC’s local cloud and managed services provider, has achieved Class B Certification from the Communications and Information Technology Commission (CITC) in the Kingdom of Saudi Arabia. This certification ascertains that BIOS is compliant with the government regulations related to cloud computing services and will be able to securely provide cloud infrastructure services to various businesses across different industries in the KSA.
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Businesses in Saudi Arabia are accelerating their digital transformation journey with the cloud with benefits such as scalability, cost-effectiveness, and flexibility associated with the cloud.
In response to the fast-paced changes and to drive a cloud-led transformation, the Ministry of Communications and Information Technology issued policies and regulations under
KSA Cloud First Policy in February 2019 as part of
Saudi Arabia’s 2030 Vision.
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Digital transformation and remote working arrangements pushed small and medium businesses (SMBs) to leverage the cloud to store their critical data and work processes. While the cloud opens up new opportunities for businesses to scale faster, it also presents a few challenges. One of these is data breach and loss.
According to this 2022 report, the Middle East ranked second on the list of data breach losses after the US, incurring losses of SR28 million from data breaches in 2022 alone.
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If you’re using Microsoft 365 to enable remote working, organize online meetings, and keep your data on the cloud, you should know that you can lose your data over a period of time if you don’t perform regular data backups.
The native M365 deployment only provides a Recycle Bin for restoration, which only stores the most recent copy of the data for a fortnight, after which it is wiped from the platform and becomes completely unrecoverable.
According to the Microsoft Shared Responsibility model, Microsoft is only obligated to provide you with an online portal; the responsibility to secure your tenant and protect the data lies solely with you.
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The COVID-19 pandemic forced the world to lock themselves inside, leading organizations to embrace the remote working arrangement. As a result, several security measures were neglected, and cyber-attackers found a brilliant new way to exploit system vulnerabilities.
In just two months after the pandemic struck, Saudi Arabia saw over 7 million attacks. The gateway to these attacks was primarily remote desktops and the protocols that employees used to access their resources, increasing the need for a more robust cybersecurity posture.
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managed it services,
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