Organisations in the Middle East will be able to better protect themselves against business-crippling cyber hacks that cost the region millions of dollars every year, thanks to a new partnership between Bulwark Distribution FZCO and Holm Security.
The cost of cybersecurity incidents within the Middle East has reached a new high of US$6.93 million per data breach, according to IBM’s Cost of a Data Breach Report 2022. This figure is significantly higher than the global cost per incident, which is US$4.24 million. To overcome the ever-growing threat landscape, the partnership between Bulwark and Holm Security will offer enhanced system and network vulnerability scanning to customers across Bahrain, Kuwait, Oman, United Arab Emirates, Qatar, Iraq, Jordan, Egypt and the Kingdom of Saudi Arabia.
“Adequately managing the security of your systems and networks is a monumental task without the right solution in place, especially in the Middle East where attacks continue to rise,” said Holm Security CEO and Founder, Stefan Thelberg. “As a result of our partnership with Bulwark, businesses will be able to get complete coverage of their vulnerabilities across all types of assets, leading to an increased cybersecurity posture across their overall attack surface.”
As a result of this new partnership, businesses in the region will be given the ability to uncover, monitor and control vulnerabilities across their entire business infrastructure which will help them prevent against the sort of high-profile attacks that saw major oil giants held to ransom for tens of millions of dollars in exchange for data.
Holm Security’s Next-Gen Vulnerability Management Platform automatically scans for an ever-increasing number of vulnerabilities, with continuous vulnerability and policy scans across local and public networks that can be customised based on user requirements. Assets can then be effectively organised, tracked and analysed based on which reflect the most significant risks to operations. With this threat intelligence, organisations understand where to prioritise their efforts in cybersecurity.
As a value-added distributor, Bulwark will provide Holm Security’s Next-Gen Vulnerability Management Platform to Managed Security Service Providers (MSSPs) and other organisations to identify and mitigate vulnerabilities within their networks.