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Dragos Continues Expansion in Kingdom of Saudi Arabia to Meet Region’s Demands for Industrial Cybersecurity and Digital Transformation – Yahoo Finance

Dragos Continues Expansion in Kingdom of Saudi Arabia to Meet Region’s Demands for Industrial Cybersecurity and Digital Transformation – Yahoo Finance

Dragos CEO Robert M. Lee to present keynote at @Hack, region’s largest cyber event

RIYADH, Saudi Arabia, November 29, 2021–(BUSINESS WIRE)–Dragos, Inc., the global leader in cybersecurity for industrial control systems (ICS)/operational technology (OT) environments, today announced further expansion in the Kingdom of Saudi Arabia, where Dragos has its regional headquarters at the Saudi Information Technology Company (SITE) in Riyadh, in alignment with accelerated growth in the country.

The expansion supports priorities set by Saudi Arabia’s 2020 budget allocation of SAR102 billion ($27.2 billion) for security and regional administration including cybersecurity, as well as the Kingdom of Saudi Arabia Vision 2030 pillar on National Industrial Development and Logistics. Such initiatives are driving digital transformation and increased connectivity in critical systems including oil and gas, chemical, mining, industrial, logistics, and water. Dragos protects these organizations by providing specialized ICS/OT monitoring, threat detection, and response technology and services.

Growth in the KSA is central to Dragos’s expansion in the Gulf Cooperation Council (GCC), and will allow Dragos to give more organizations direct access to its industrial cybersecurity technology and services so they can respond more quickly to threats, while also developing and training ICS/OT cybersecurity talent to ensure worldwide customer success.

The company’s expansion will bolster its local presence and support a growing roster of customers in KSA. Through the expansion, Dragos will continue to grow its worldwide operations to address the burgeoning global market for ICS/OT cybersecurity solutions and meet the cybersecurity needs of critical infrastructure organizations in all regions and of any size or complexity.

With Dragos, companies in the KSA can maintain comprehensive asset visibility, assess OT-specific threats and vulnerabilities, and respond to threats based on the latest threat intelligence. Their use of Dragos allows them to minimise risk to plant operations and improve security, while also meeting regulatory compliance requirements.

“Like organizations worldwide, companies in this region hold security and availability as top priority and seek a security partner that understands the unique challenges industrial environments present, while also having a strong understanding of the threats impacting operational technology,” said Bruce Niven, Chief Investment Officer, Aramco Ventures. “Dragos is that partner and as a testament to our trust in them, we have invested in the company. We are pleased that Dragos continues to expand its footprint to enable more organizations in the region to secure the critical infrastructure that serves our communities and contributes to the global economy.”

Due to its geopolitical prominence and …….

Source: https://finance.yahoo.com/news/dragos-continues-expansion-kingdom-saudi-120000486.html