Cyber Risks · Dragos Blog

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

Summary: Dragos announced on November 29, 2021 that it is expanding in the Kingdom of Saudi Arabia, with its regional headquarters at the Saudi Information Technology Company (SITE) in Riyadh, supporting priorities tied to Saudi Arabia's SAR102 billion ($27.2 billion) 2020 security and regional administration budget and the Vision 2030 National Industrial Development and Logistics pillar. The company cites KSA's rank of 2 out of 193 countries in the 2021 Global Cybersecurity Index, up from 46 in 2017, and a projected 16.59 percent CAGR for the KSA cybersecurity market between 2018 and 2023.

Why it matters: Ransomware is described as the preeminent threat to IT and OT environments in the region, and the expansion is aimed at oil and gas, chemical, mining, industrial, logistics, and water operators whose systems are becoming more connected under Vision 2030.

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Topics
OT / ICS & Critical Infrastructure
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