Al Falak brings American technologies into the Saudi market to serve banking sector

Press release

Published June 28th, 2015 - 07:24 GMT

Al-Falak Electronic Equipment & Supplies

Al Falak, Electronic Equipment & Supplies Co., a leading IT and communications solution provider in the Saudi market signed an agreement with a US based, CorreLog, the leader in multi-platform IT security event management, offering software systems and automation solutions to the financial - banking sector, through CorreLog Server application via subscription delivered from the cloud.

CorreLog’s flagship product CorreLog Server delivers log management and event log correlation with automated help-desk ticketing and reporting functions into a standard web browser. CorreLog Server operates across Windows, UNIX, Linux, IBM z/OS and Linux on IBM System platforms.

The partnership dovetails the philosophy to deliver solutions that meet the functionality demands of large local banks, but with the affordability and ease of use requirements found in small and mid-market financial institutions.

CorreLog Server provides a means to better understand user or system behavior related to security threats. The unique correlation engine collects relevant data in the form of syslog messages and looks for behavioral patterns that are outside normal user or system activity, and issues real-time alerts via help-desk tickets when a threat is detected. Within the finance/banking sector, CorreLog Server can manage data within compliance standards set forth by PCI DSS, Sarbanes-Oxley and other industry standards. CorreLog Server is capable of processing more than 2,000 syslog messages per second and can handle burst traffic of more than 10,000 messages per second, while consuming minimal system resources.

Financial institutions interested in trying CorreLog as a service should contact Al Falak. Additionally, a complimentary and fully-functional 30-day trial of CorreLog Server (client/server version) is available for download from the CorreLog website.

Background Information

Al-Falak Electronic Equipment & Supplies

ALFalak Electronic Equipment and Supplies was founded in 1981, it is a Closed-Stock Saudi Arabian company and is part of the ALFalak ALKhaleej group.

In addition to Advanced IT and Communication Services, ALFalak is a diverse IT company providing end-to-end solutions, stocking and distribution, as well as e-Commerce.

ALFalak also offers Serviced Manpower Outsourcing, as well as General Contracting.

ALFalak has played a major role in the IT evolution by serving a diverse clientele throughout the region. Enabling our clients to streamline operations and/or increase profitability on a continuous basis. ALFalak’s list of clients includes government ministries and agencies, universities, banks, and prestigious private sector corporations in Saudi Arabia, the UAE, and Bahrain.