{"id":9272,"date":"2020-11-01T15:54:34","date_gmt":"2020-11-01T11:54:34","guid":{"rendered":"https:\/\/pressreleasenetwork.com\/site\/?p=9272"},"modified":"2020-11-01T15:54:36","modified_gmt":"2020-11-01T11:54:36","slug":"united-arab-bank-partners-with-trend-micro-to-unlock-usd-8-billion-mea-banking-security-market","status":"publish","type":"post","link":"https:\/\/pressreleasenetwork.com\/site\/2020\/11\/01\/united-arab-bank-partners-with-trend-micro-to-unlock-usd-8-billion-mea-banking-security-market\/","title":{"rendered":"United Arab Bank Partners With Trend Micro To Unlock USD 8 Billion MEA Banking Security Market"},"content":{"rendered":"\n

Trend Micro Incorporated<\/a> (TYO: 4704<\/a>;TSE: 4704<\/a>), the global leader in cloud security, has announced that United Arab Bank\u2019s security transformation is unlocking the region\u2019s USD 8 billion banking security market.<\/p>\n\n\n\n

The Middle East and Africa\u2019s banking and financial services sector, which faces three times the number of cyber-attacks as any other sector, will post the largest cybersecurity market share among industry verticals and reach USD 8 billion by 2023, according to Research and Markets<\/a>.<\/p>\n\n\n\n

Supporting the Middle East\u2019s banking security, United Arab Bank has digitally transformed its security infrastructure with Trend Micro. United Arab Bank was founded in 1975 and has seven corporate and retail branches in the UAE.<\/p>\n\n\n\n

United Arab Bank replaced its legacy anti-virus software with a secure digital platform with full network visibility and management. The bank has gained virtual patching, malware protection, user behavior, and malicious activity for 500 users running 60 systems and apps on 1,000 servers. As a result, United Arab Bank reduced time to manage encryption from 8 hours to 2 hours, detects over 80 percent of cyber-threats, and quickly and easily deploys security agents.<\/p>\n\n\n\n

\u201cIn the face of rising cyber-threats against banks in the region, our security transformation with Trend Micro assures our customers that they are banking on the most secure banking platform,\u201d said Mahmoud Yassin, Head of Information Security, United Arab Bank. \u201cTrend Micro\u2019s automated and integrated security solutions, and its strong research and development, are key for our competitiveness, our compliance, and staying ahead of the curve.\u201d<\/p>\n\n\n\n

In particular, United Arab Bank has deployed the Trend Micro solutions Smart Protection Complete<\/a> for endpoint security, Deep Security Software<\/a> for runtime security for workloads, and Endpoint Detection and Response<\/a> for real-time threat detection and response. United Arab Bank has also integrated Trend Micro solutions with the VMware NSX virtualization software.<\/p>\n\n\n\n

Showing the UAE\u2019s threat landscape, in the first half of 2020, the UAE hosted among the region\u2019s highest cyber-threats. Trend Micro blocked a combined 13,100,616 email, URL, and malware threats, according to the company\u2019s 2020 Midyear Security Report. The UAE\u2019s ransomware attacks in the first half of the year are 4.27% of the world\u2019s ransomware attacks, or 6th<\/sup> worldwide.<\/p>\n\n\n\n

\u201cConnectivity, smart devices, and e-commerce are all fueling the record number of threats in the Middle East\u2019s banking sector,\u201d said Ayman AlQudsi, Chief information Officer, United Arab Bank. \u201cUnited Arab Bank\u2019s security transformation shows how banks can leverage Trend Micro\u2019s security integration and automation to defend against cyber-threats, enhance business processes, and keep customers\u2019 trust.\u201d<\/p>\n\n\n\n

Currently, United Arab Bank is exploring additional Trend Micro solutions such as Intrusion Protection System<\/a>, Deep Discovery Inspector<\/a>, and Deep Discovery Analyzer<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Trend Micro Incorporated (TYO: 4704;TSE: 4704), the global leader in cloud security, has announced that United Arab Bank\u2019s security transformation is unlocking the region\u2019s USD 8 billion banking security market. The Middle East and Africa\u2019s banking and financial services sector, which faces three times the number of cyber-attacks as any other sector, will post the […]<\/p>\n","protected":false},"author":1,"featured_media":9273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-9272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/9272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=9272"}],"version-history":[{"count":1,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/9272\/revisions"}],"predecessor-version":[{"id":9274,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/9272\/revisions\/9274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/9273"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=9272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=9272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=9272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}