Middle East companies at greater risk of data theft by employees’

Published February 9th, 2009 - 09:28 GMT

Paramount, a leading IT security services provider has warned companies to focus their attention on securing their ‘Valuable Information Assets’ in the context of the current market downturn and increasing risk of data theft by disgruntled employees. Providing a safe and secure environment within the constraints of today’s budgets and regulations is a challenge for top management and IT managers. Turning the spotlight on this critical issue, Paramount has assembled thought leaders from across the world to share their views on the latest threats, mitigation strategies and international client experiences at an event to be held at the Atlantis, Palm Jumeirah, Dubai on the 16th of February 2009.

 

Speaking about the event entitled ‘Optimizing and Securing IT Infrastructure in Challenging Times’, Mr Premchand Kurup, CEO, Paramount says, “Last year when we launched our foray into the Identity and Access Management space with an appliance based solution, the market was slow to accept. The economic melt-down is a game- changer. Productivity improvement, cost savings and compliance in a secured infrastructure is more relevant today than ever before. The biggest security threat today is ‘laid off employees’ and the absence of a clearly defined exit process. Concerns arise over data theft by terminated employees. Prudent investments in  Identity and Access Management (IDM) is the need of the hour. Data Loss Prevention (DLP) particularly through USB drivers is also of vital importance. You can count on your fingers the number of companies in the Gulf that have implemented IDM & DLP. The purpose of the event is to provide CIOs and IT Managers with new concepts that will help them create next-generation datacenters with next-generation security within their organizations”.

 

The security summit will feature presentations and case-studies by top executives from industry leading IT security vendors like Apere, Lancope, Palo Alto Networks, Imprivata as well as IT heads of Mashreq Bank and Commercial Bank International. The topics of discussion will include Network Behaviour Analysis, Enterprise Single Sign-On, Identity Governance and Management, Next Generation Firewalls, Converged Authentication and Access Management and the role of Virtualization in optimizing tomorrow’s infrastructure. “The event will be a security education par excellence. Paramount is prepared to help companies perform a ‘Proof of Value’ following the summit”, adds Mr Kurup.

 

Paramount is the only regional IT security company providing a holistic solution encompassing all three important aspects – Technology, Processes & People. The company propounds that customers should ensure that internal staff have leading–edge certification like CISSP, CISM, CISA and ISO 27001, processes and methodologies are within the ISO 27001 framework and technologies are in place for  secure content management, data leak prevention, perimeter security, internal network security, identity & access management and vulnerability, risk & security event management.

 

With an illustrious list of clients and project implementations in the region, a large number of certified technical staff and best of breed vendors, Paramount is recognized as the region’s leading IT security integrator and consultant.


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