Financial organisations in the Middle East are implementing state-of-the-art security solutions to protect data and customers from frauds and other threats. Recent reports suggest that banks in the Middle East and North Africa have invested up to $12.5 billion on IT infrastructure and security in 2016.
The New Age Banking series is set to launch FinSec – The Banking Security Summit, which will offer a comprehensive overview of regional and global perspectives on various security challenges faced by banks. The event is scheduled on for the 21st –to 22nd February 2017, and will be held in Dubai, UAE. It will bring together CISO professionals from leading banks in the MENA region to discuss and discover the latest technologies, developments and strategies that will help them protect their organizations.
The event will focus on challenges faced by financial organisations with regard to securing internet and mobile banking platforms, regulatory compliance, payment security, authentication and data security. It will also highlight the application of technologies such as IoT, Blockchain, biometrics, digital identity and multifactor authentication to counter security challenges.
FinSec will host key dignitaries from government authorities, leading banks and global solution providers in the MENA region. The attendees will share their experiences and address security challenges in the banking industry, with the objective of upgrading their current security strategies in line with today’s highly sophisticated attacks.
The BFSI industry in the MENA region is widely targeted by cyber attackers. Traditional security measures have proven to be inadequate, as cyber criminals are exploiting loopholes within the current security systems. The summit will help attendees bridge security loopholes in their organisations and build a stronger defense, enabling them to recover from system breaches quickly.
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