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Business Wire: Resecurity, a U.S.-based cybersecurity company protecting Fortune 500 companies and government agencies globally, has announced a strategic partnership with the Union of Arab Banks (UAB) to enhance cybersecurity capabilities, fraud prevention and threat intelligence sharing across the Arab banking and financial sectors.
Insurance Journal: Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.
Dark Reading: Though funding for cybersecurity startups began slowing globally in late 2022, Israeli startups continue to win significant cybersecurity investments, even with the nation's ongoing military operation in Gaza and escalating regional tensions.
Dark Reading: The increase in cyber operations, disruptive attacks, and hacktivism in the Middle East has led the region's largest nations to pursue more sophisticated cybersecurity laws and frameworks over the past decade, leading to a dynamic regulatory landscape that companies need to navigate moving forward, according to regional experts.
GlobeNewswire: According to the latest Astute Analytica research, the Saudi Arabia cybersecurity market was valued at US$ 3.6 billion in 2023 and is anticipated to reach US$ 10.5 billion by 2032 at a CAGR of 12.98% during the forecast period 2024–2032.
Dark Reading: Experts have welcomed the creation of a new artificial intelligence (AI) council in Abu Dhabi as a key move toward strengthening national cybersecurity.
SecurityWeek: Nearly 70% of Iran’s gas stations went out of service following possible sabotage — a reference to cyberattacks, Iranian state TV reported.
BNN Bloomberg: Saudi Aramco’s venture capital arm has invested in SpiderSilk, a United Arab Emirates-based startup that offers AI-powered cybersecurity services.
Dark Reading: The US Treasury Department and the Cyber Security Council of the United Arab Emirates have agreed to share more information on cybersecurity threats and incidents affecting the financial services industry.
Crunchbase: Israel has long taken pride in its blossoming tech startup scene, which has birthed large companies such as Check Point Software, CyberArk and Imperva, and trails only the U.S. in terms of cybersecurity funding.
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