NGN Majlis: Losses from ransomware cost Gulf corporations millions of dollars

NGN Majlis: Losses from ransomware cost Gulf corporations millions of dollars

NGN International, the security services provider and systems integrator, hosted the fourth and final session of its ‘majlis’ ransomware awareness seminars on the 8th of December at the Arab International Cybersecurity Conference and Exhibition (AICS).

The seminar discussed how ransomware infiltrates computer systems and encrypts data to blackmail the victim, and can extend to more than just data breaches for organizations. The speakers made it clear that ransomware attacks can cost companies millions of dollars and result in longer-term losses, particularly when they have an adverse impact on the company's reputation and reliability. Ransomware assaults have shown to be a continual threat to cybersecurity, whether it's major healthcare, retail, or insurance firms.

The ransomware awareness session featured many distinguished panellists who represented NGN’s key partners including Mohamad Hashem, Head of Enterprise – KSA & Bahrain at Kaspersky; Mesut Mert, Software Engineer at Veritas; Rami Kayyali, CTO of The Kernal; Mohamed Abdel Kader, Information Security, Manager at Micro Focus; Anas Shunnag, Regional Manager for Sales Engineering at Forcepoint; and Sammy Elyan MSc CISSP, from the Cyber Security Business Development team at Fortinet. The session was moderated by Esmail Jobran, NGN International’s Director of Sales and Marketing and featured the insights of Ilya Leonov,