Posted on January 23, 2014

Al Khalij Commercial Bank (al khaliji) Q.S.C., the next generation bank, has announced its strategic sponsorship of the GCC Digital Security Forum, to be held at the St. Regis Hotel, on February 4&5, 2014 under the patronage of the Qatari Minister of Information and Communications Technology Dr. Hessa Al Jaber and is being organized by MEEZA, a Qatar Foundation Joint venture, in collaboration with Al-Iktissad-Wal-Amaal- Group, regional conference and Economic publication.

The GCC Digital Security Forum convenes at a time when the growth of digital crime in an era of online social networking, business, e-payments as well as banking and e-government has expedited the need for enhanced digital defense strategies created by government and private sector jointly.

Al Khalij Commercial Bank (al khaliji) Q.S.C., is Qatar's pioneer 'next generation bank' offering a full range of conventional banking products and services to Premium, Business, Corporate and International customers in Qatar, UAE and France. The decision to sponsor the Forum reinforces al khaliji’s commitment towards the banking sector that represents a safe and progressive haven for financial transactions today and in the future.

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Hesham EzzEldin, al khaliji’s Group Chief Operating Officer, said, “Digital security is a fundamental aspect of the banking industry, and lays the foundation for serving our customers in the most efficient and secure manner. Our participation at Digital Security Forum 2014 reinforces the bank’s emerging role as a local and regional industry leader. It demonstrates our commitment to highlighting the role of digital security and its impact on various sectors in the business world.”

According to a report by Gartner, the security technology and services market is forecast to reach $67.2 billion in 2013, up 8.7 percent from $61.8 billion in 2012, and is expected to grow to more than $86 billion in 2016.

The event will feature prominent speakers, including ministers, top professionals and experts from international organizations, regulatory entities and unions, leaders from the public and private sectors and digital security officials from vital business segments such as the infrastructure, telecommunications, banking and financial markets, Additionally, solution and service providers, in the field of digital security will be in attendance.

These remarkable investments have led to significant transformation in economic development and competitiveness and paved the way for the next phase of growth. However, to protect critical assets of government institutions and vital industries against the growing threats of cybercrime, a determined response from all stakeholders is required to counter the risks they pose in the GCC.