Middle East stories - Page 16

Annual business cybercrime recovery costs can reach up to $5m, with firms fearing a rise in GenAI-powered attacks, according to a Barracuda Networks report.

Advanced AI tech leader Kore.ai raises $132 million in Series D funding, facilitated by FTV Capital and existing investors, aiming to boost market expansion and AI innovation.

Gallagher Security claims the 'Exceptional Contribution to Intersec' award at the 25th edition of Intersec, marking an impressive 30% increase in product offerings.

Dubai Water and Electricity Authority honours Paymentology for its sustainable practices through fintech initiative, recognising the partnership with Moro Hub's Green Data Centres for supporting a net-zero economy.

FedEx Express brought festive joy across the Asia Pacific, Middle East, and Africa, gathering over 8,000 kg of supplies during their Purple Tote Campaign, offering aid to over 30 NGOs and around 2,400 beneficiaries.

Renowned IT provider, NTT DATA, has been recognised as a Global Top Employer for 2024, excelling in talent acquisition, career growth, and diversity across 29 countries.

Leaseweb, a cloud services provider, rolls out its Multi-CDN technology in Asia Pacific, enhancing content delivery performance and slashing latency for sectors including Media, SaaS, Gaming and more.

Marie-Laure Retureau takes on VP of Sales role at data storage software provider Scality, aiming to expand the company's presence across APJ, Middle Eastern, and Central Asian regions.

Logicalis has launched an upgraded version of its Digital Fabric Platform, providing CIOs with deeper insight and recommendations to optimise their digital ecosystems using artificial intelligence.

Recognised in Gartner's 2023 APM report, Dynatrace excels for the 5th year running as Customers' Choice, achieving strong acknowledgment across Global Enterprise, Large Enterprise, and Finance Industry sectors.

M&A activity in Q4-2023 witnessed a record low due to factors like inflation and geopolitical instability, making deal numbers slide 27% globally.

New report warns of a rise in API-based cyber threats as businesses digitise, alongside escalating DDoS activities targeting specific sectors and regions.

Rivada Space Networks partners with Wiseband to for secure, global connectivity in the Middle East, using a network of 600 low-earth-orbit satellites.

Technological advancements have spurred a projected growth of the social media management software market, anticipated to surge by $34.62 billion.

Global IPO market in 2023 nets $123.2b with 1,298 IPOs, highlighting mixed trends and regional contrasts.

The surge in market growth is propelled by several strategies and technologies safeguarding digital content, according to a new report from Technavio.

Uptime Institute has named Mustapha Louni as its new Chief Business Officer, strengthening its commitment to global expansion.

Singapore's digital banks are poised for a 20% income surge by 2025, driven by expanding demand and robust digitalisation, says UnaFinancial.

Threat actor GambleForce has struck 24 organisations in 8 countries in 3 months, exploiting SQL vulnerabilities to steal sensitive data.

In an exclusive interview with SpendConsole's CEO, Abid Ali, we discuss AI-driven finance innovation and expansion into the Middle East.