Manama, Bahrain: SICO BSC (c), a leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the CBB) signed a contract with Beyon Cyber for managed cybersecurity services. The partnership, which was signed by SICO CEO Najla Al Shirawi and Beyon Cyber CEO Dr. Shaikh Khalid bin Duaij Al Khalifa, will improve the cybersecurity maturity of SICO’s IT infrastructure to to further accelerate its digital transformation journey.
Bahrain’s banking and financial sector has been digitally transformed through the application of emerging technologies. As a result, the industry has become increasingly vulnerable to cyberattacks, hence the importance of protecting the business against increasing cyberthreats and losses. SICO selected Beyon Cyber with her unique profile and vast experience as a partner in this mission.
Commenting on the partnership, SICO CEO Najla Al Shirawi said, “We are delighted to partner with a distinguished national company providing sophisticated and much-needed cybersecurity solutions enabling us to manage and mitigate business risks.
SICO’s Chief Information Officer, Mohammed Ibrahim, added, “We look forward to benefiting from Beyon Cyber’s Managed Cyber Security Services to strengthen the bank’s IT infrastructure and cyber architecture by protecting our solutions from digital transformation against external cyber threats.
“The rapid growth of digitalization over the past few years has led to increased opportunities for potential cyberattacks and that is why we are working side by side on cybersecurity improvements as well as digitalization strategy ensuring that strongest cybersecurity measures are in place.. We are confident that Beyon Cyber will provide the expertise and solutions we need to achieve our cybersecurity plans and goals.
Beyon Cyber CEO, Dr. Shaikh Khalid bin Duaij Al Khalifa said, “We are delighted to have been selected as the security services provider for SICO, as it allows us to support their exciting innovation strategy towards digital transformation. We believe that a strong digital strategy should be built on a secure foundation with built-in security-by-design principles. This partnership allows us to bring our years of experience in monitoring and responding to cyber threats to SICO to help protect against advanced cyber threats,” said Dr. Khalid.
Dr. Khalid added, “The contract with SICO is part of Beyon Cyber’s strategic plans to deliver world-class and affordable cybersecurity services to financial institutions across the country, in accordance with the guidelines of the Central Bank of Bahrain (CBB).
Beyon Cyber, which launched in January, is a subsidiary of Batelco and focuses on offering advanced end-to-end cybersecurity solutions, with managed services and consulting to organizations in Bahrain and the region. Backed by a team of highly skilled professionals, the company leverages an exclusive network of global partnerships to provide its customers with simple, cost-effective, world-class security services and enable them to accelerate their digital potential.
For more details, please visit www.beyocyber.com
This press release was issued by the Corporate Communications & Sustainability department of Batelco.
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