Transguard Group has partnered with Etisalat Digital, a division of telecoms company Etisalat, to fortify its cybersecurity.
The partnership will arm Transguard Group with round-the-clock digital security solutions across its vast IT network.
And the conglomerate said it expected to benefit from “real-time analysis of the threat landscape”, enabling it to protect the business and its clients from cyberattacks, malicious malware and computer viruses.
“Due to the nature of our business, cybersecurity is absolutely vital and we understand the risk that inadequate protection can cause for our clients, as well as our own business,” said Greg Ward, managing director of Transguard.
“Etisalat’s credentials in cyber threat management and protection are second to none in this region and we are leveraging that global expertise and footprint to stay ahead of the current and future cybercrime waves.”
Etisalat Digital has said it is spearheading a digital transformation across the UEA, its main market, as well as African and Asian countries it is present in. The company also warned that cyber threats are more frequent and sophisticated than they were several years ago.
With a rising threat level, Salvador Anglada, chief business officer at Etisalat, said the company looked forward to bolstering Transguard Group’s cybersecurity, amid a global rise in increasingly virulent attacks on corporate IT databases.
“Etisalat is committed to deliver proactive security intelligence solutions tailored to identify and respond against cyber threats, and we are excited to work closely with Transguard and empower the company by managing these modern risks to an acceptable level,” Anglada added.
Dubai-based Transguard is a subsidiary of Emirates Group and claims to be one of the UAE's leading businesses in the field of IT security and cash services. Turning over around $517m (AED 1.9bn) per year, the group boasts a 57,000-strong workforce.
Separately, the World Economic Forum estimate that cybercrime costs the global economy $445bn every year.