Page 78 - SAMENA Trends - June-August 2021

ARTICLE SAMENA TRENDS

ARTICLE

Transparency as a Building Block for Cyber Resilience

The various national transformation programs of Middle East
countries certainly have one thing in common—they envision
diversified, post-oil economies empowered by digitalization.
The advanced technology that underpins the Fourth Industrial
revolution is key to realizing this socio-economic progress.
Analysts predict that spending on digital transformation in the
wider META region is set to accelerate post-pandemic, increasing
from 25% of total IT spending in 2020 to 37% in 2024.

We at Huawei are committed to building
this openness and transparency, as
demonstrated most recently in our

expanding network of global Cyber Security
and Privacy Protection Transparency
Centres. On June 9, Huawei opened the
largest of such transparency centers in
Dongguan, China, which joins a network of
similar facilities in the UAE, the UK, Canada,
Germany, Italy, and Belgium.

However, technology needs to be built on a solid cybersecurity
foundation. The risks posed by the security gaps that plague some
of the hardware and software solutions in use today are all too
clear. In one report by Cybersecurity Ventures, global cybercrime Charles Yang
is predicted to inflict damages totaling a staggering $6 trillion President
annually by 2021. With increasing cyberattacks, all industries Huawei Middle East
are taking cybersecurity more seriously. In the public sector, new
laws, regulations, and standards are being introduced on a regular
basis. In the past two years alone, more than 180 cybersecurity
laws have been passed in 151 countries.

This is incredible progress. Yet to secure our digital future from
these threats, we will require new levels of collaboration and
transparency.

78 JUN-AUG 2021