News
AI-Powered Dark Web Monitoring Solutions Premier At GITEX 2021
MENA organizations are especially vulnerable because of their geopolitical position and importance to the world economy in several key industries.
The cybersecurity landscape has changed dramatically since the outbreak of the pandemic. Many organizations have embraced the hybrid work model as the new normal, allowing their employees to divide their work time between the office and home.
As a result, the traditional network perimeter has dissolved, leaving organizations more vulnerable to cyber threats, which are becoming not only more frequent but also more sophisticated. MENA organizations are especially vulnerable because of their geopolitical position and importance to the world economy in several key industries, such as the oil industry.
Recently, Los Angeles-based cybersecurity company Resecurity has introduced its Dark Web Monitoring and Threat Intelligence solutions at GITEX 2021, which took place at the Dubai World Trade Center, in the United Arab Emirates (UAE).
“Resecurity’s mission is to protect enterprises of any size, market vertical and in any geography,” said Ayman Alshobaki, Resecurity’s Business Development Manager for the MENA region. “Resecurity is excited to tap into the fantastic networking and innovative atmosphere at Gitex 2021, allowing us to build new business alliances and accelerate market presence and channel sales”.
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The new solutions leverage big data analytics and artificial intelligence to provide visibility into the global threat landscape, helping organizations mitigate risks coming from the darkest corners of the internet, which are commonly referred to as the dark web.
The main defining feature of the dark web is the fact it’s completely invisible to most internet users because it can be accessed only using specialized software, such as Tor, which also provides anonymity, something cybercriminals value deeply.
Equipped with Resecurity’s Dark Web Monitoring solutions, organizations in the MENA region and the rest of the world are much less likely to suffer a costly data breach, whose average cost has reached $4.24 million per incident — the highest in the last 17 years.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
Also Read: In Kuwait, Your Surgeon Might Be Operating From Another Country
NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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