Page 10 - SAMENA Trends - January 2021

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MEMBERS NEWS

Stc Group Launches the Advanced Technology
and Cybersecurity Company

stc Group announced the launch of the highest levels of professionalism, and G20 Riyadh summit by dedicating all its
Advanced Technology and Cybersecurity adopts international best practices to efforts and capabilities to provide digital
Company; a new company dedicated monitor, respond to and protect against solutions and services, including managed
to providing advanced cybersecurity advanced cyber attacks. In addition to cybersecurity services and solutions
services and solutions in the business conducting proactive digital intelligence that enabled the prevention of more than
sector. The recently announced launch research, the center is supported by 42,000 dangerous e-mails and more than
comes to keep abreast of the growing advanced and integrated services and 600,000 harmful websites, in addition to
demand for digital services in parallel with platforms to address and respond to cyber addressing 290,000 electronic threats
stc's DARE Strategy, which aims to foster incidents. Not only that, but one of the and preventing 41.5 hours of service
digital transformation, pave new paths for strategic objectives of the company is to disruption attacks. Researchers estimate
development, and achieve the objectives provide young national talents with training that cybercrime will cost the world around
of Saudi Vision 2030. This new effort is and development in technologies and six trillion U.S. dollars in 2021. The world
part of the response to the exceptional cybersecurity. "The establishment of the also faces a cyber attack every 39 seconds
circumstances the world is witnessing, new company reflects the importance of as attackers use e-mails and websites as
circumstances which led many businesses cybersecurity services. The cybersecurity means attacks and target their victims. It
and government agencies to resort to sector is one of the Kingdom's and the is also easy for them to launch denial-of-
digital solutions for business continuity. world's promising and rapidly growing service and ransom attacks using modern
"The vision of the company is to create a sectors. Given the increasing and varying technologies such as digital currency
reliable platform for the digital economy cybercrimes and threats, this sector is of payments, artificial intelligence tools and
with world-class leading cybersecurity vital importance and priority in relation FinTech. By 2025, the world will have 75
capabilities to enable and protect the to the Kingdom's plans and programs billion devices connected to the internet,
critical economic infrastructure and both to keep abreast of modern technologies making cybersecurity of major importance.
government and private services," said Mr. and to protect the Kingdom economically, The world also faces a shortage of
Haithem Alfaraj, Chairman of the Board politically, and socially," said Fahad specialized human capabilities in the field
of Directors of the Advanced Technology Aljutaili, CEO of the Advanced Technology of cybersecurity. According to experts,
and Cybersecurity Company and Senior and Cybersecurity Company. In 2020, the world will be facing an estimated
VP of stc's Technology and Operations stc was the leading digital enabler of the shortage of 3.5 million specialists in 2021.
Unit. Alfaraj added that the company is
launching a wide range of innovative and
managed cybersecurity services and
solutions, including providing protection
services against denial of service (DoS)
attacks through its largest local and
regional platform, which has a capacity
of more than 1.5 terabytes. Other benefits
offered include local and managed
services to detect vulnerabilities, adhere
to security controls, and use secure email
and browsing through platforms which
leverage leading technologies according
to the Gartner Research Center. The
Advanced Technology and Cybersecurity
Company has a cybersecurity operations
center that provides the most advanced
services. The center is managed by
capable national talents, observes the

10 JANUARY 2021