As a cybersecurity solutions provider, GateLock recently established a strategic alliance with ESET and Safetica, both renowned information security software and smart solutions providers. This collaboration further solidifies GateLock's position as a premier provider of smart solutions in Egypt and the Middle East. The announcement was made during GateLock's client conference, which showcased the latest innovative security solutions. The event attracted international experts, representatives from global corporations, and influential figures in the telecommunications and IT sector in Egypt. Elias Tsapsides, Sales Manager at ESET for Cyprus, Malta, and Greece, was also present. Cybersecurity plays a crucial role in the realm of information security, with significant economic and trade implications. Recent research indicates that the projected global cost of cybercrime will surge to $13.8trn by 2028, compared to $8.15trn in 2023. In 2018, the cost of cybercrime amounted to approximately $860bn, equivalent to 1% of the GDP valued at $86trn. Demes Strouthos, General Manager of ESET for the Middle East, emphasized ESET's 15-year presence in the Egyptian market. Recognizing its potential as a promising market, ESET is committed to continuous innovation to keep pace with technological advancements. The goal is to expand partnerships and reach a larger customer base, even amidst fierce competition and the presence of other players in the industry. He added: 'Given the rapidly evolving landscape of cyber threats and their growing complexities, it is essential to prioritize the implementation of top-notch information security solutions across distribution channels that interact with customers. This requires highly experts who possess a deep understanding of the ever-changing global cyber environment to effectively address customers' security requirements.' Mohamed Haroon, Co-Founder and CEO of GateLock, highlighted the importance of cybersecurity. "As companies increasingly view information and customer data as their most valuable assets, cybersecurity has become an indispensable component of business strategies across sectors. It is also a key consideration for government strategies. Haroon emphasized the need to shift focus from reacting to cyber incidents to proactively preventing them. By prioritizing investments in cybersecurity measures, organizations can stay ahead of potential threats and enhance their ability to detect and mitigate attacks at an early stage."
