20 June 2022 - Security Buyer Magazine

Hikvision hosts Ecosystem Alliance Event

Hikvision announced that it will be hosting its annual Ecosystem Alliance Event 2022 in Dubai on June 22-23, 2022. The event will bring together industry leaders from all sectors as well as leading technology partners and system integrators from across the Middle East and North Africa (MENA) region. With the theme being ‘Re-Connect and Co-Create’, Hikvision’s Ecosystems Alliance Event 2022 aims to identify new technology opportunities and encourage collaborative technology development. The first Hikvision Ecosystem Alliance Event (EAE) event held in 2019 was a success, where the company welcomed over 300 CXO-level decision makers. With many advancements and developments in science and technology emerging at that time, such an event was the need of the hour. Hikvision has encouraged industry participation and created a platform for more technology partners to collaborate and innovate, while discovering new business opportunities. The company plans to bring together customers and partners once again in 2022 at the Ecosystem Alliance Event in Dubai. “Hikvision has been active in the MENA region for 12 years, cultivating a variety of partnerships with end-users, distributors, installers, and system integrators,” said Binson Xu, President of Hikvision MENA. “The Ecosystem Alliance Event is a great opportunity for us to bring together many technology partners and renew our connections with long-term partners and clients, in order to explore new technology opportunities.” “Meanwhile, it is a platform where we share our innovations for intelligent solutions in different verticals, and our future plans in the region’s market development in various industries. Partners will also be able to discover for the first time our strategies and focus for 2022,” added Binson. At the event, there will be interactive areas for guests to immerse themselves in artificial intelligence experience and witness firsthand the power of such technologies. Guests can experience Hikvision’s market-leading products, solutions, and services from many of Hikvision’s partners including Makim, Mavili, Federaltech, Practically, Al Falak Middle East, Omniclouds, Assa Abloy, Deap Vision, and Scandit. Hikvision will also present company awards to top performing partners showing its appreciation. Hikvision partners reacted to the announcement of Ecosystem Alliance Event 2022 with their comments. One of the companies that has supported Hikvision since the first event is Makim, a technology partner from Turkey. The company’s International Marketing Executive, Alper Demirel, commented: “Hikvision EAE 2019 was an unforgettable and impressive event to meet with the right contacts. We believe that Hikvision EAE 2022 will provide us the same opportunities to meet with many new partners. We are proud and excited to be included at the event.” For more news updates, check out our May issue here. Media contact Rebecca Morpeth Spayne, Editor, Security Portfolio Tel: +44 (0) 1622 823 922

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Ransomware threatens UK infrastructure

62% of cyber leaders in UK critical national infrastructure (CNI) organisations do not have a decision-making plan in place on whether to pay the ransom, despite rising ransomware attacks on CNI, according to new research by UK cyber security services firm Bridewell. The research, which surveyed 521 cyber security decision makers in the communications, utilities, finance, government and transport and aviation sectors, reveals nearly eight-in-ten (79%) of cyber leaders in UK CNI organisations believe ransomware will significantly disrupt their operations in the next 12 months. Yet less than half have implemented critical measures to help prevent, detect, respond, and recover from ransomware. According to the research, only 36% have a security information and event management (SIEM) platform that can help to detect a ransomware attack before the attacker completes their objective. Likewise, only 43% say they have implemented technical controls to prevent unauthorised access and stop key directories and files being deleted, overwritten or encrypted. Gavin Knapp, Cyber Defence Technical Lead at Bridewell says: “All critical infrastructure organisations must be prepared to suffer a ransomware attack and have tailored response plans in place to deal with actors targeting both IT and OT operations. This should encompass third parties and remote access into the OT environment. “Failure to prepare can result in the loss of IP, interruption to operations, and significant financial and reputational damage. It also often leaves organisations with no choice but to pay the ransom, which aside from being illegal in some countries, only further fuels the crisis.” Threat groups and actors continue to see significant financial opportunities in the initial access broker and ransomware space, with modern day malware and intrusion frameworks increasingly adopting automated approaches to streamline and improve how they perform attacks. Bridewell is also seeing a significant reduction in the time between vulnerability disclosure and the weaponisation of ransomware, as well as a rise of ransomcloud attacks targeting weaknesses or legitimate functionality in cloud resources. Yet the research found that only 46% are using cloud storage services with in-built ransomware protection, while just 42% have deployed a cloud access security broker. Concerningly, 84% say they have suffered at least one ransomware attack in the past 12 months, and 4 in 10 have suffered more than 5 attacks – an average of one every other month. For more news updates, check out our May issue here. Media contact Rebecca Morpeth Spayne, Editor, Security Portfolio Tel: +44 (0) 1622 823 922