Manama, May 22 (BNA): SICO B.S.C. (Closed), a leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the Central Bank of Bahrain) has signed a contract with Pion Cyber for Managed Cyber Security Services. . The partnership, signed by Najla Al-Shirawi, CEO of SICO, and Dr. Sheikh Khalid bin Daij Al Khalifa, CEO of Pion Cyber, will further enhance the cybersecurity maturity of SICO’s IT infrastructure to further accelerate the digital transformation journey.
The banking and financial sector in Bahrain is undergoing a digital transformation through the application of emerging technologies. As a result, the sector is becoming increasingly vulnerable to cyber-attacks, which has increased the importance of protecting the enterprise from increasing cyber threats and losses. SICO has chosen Beyon Cyber, with its unique profile and vast experience, as a partner in this mission.
Commenting on the partnership, Najla Al-Shirawi, CEO of SICO, said: “We are pleased to partner with a distinguished national company that provides advanced and much-needed cybersecurity solutions that enable us to manage and mitigate business risks.”
SICO Chief Information Officer Mohamed Ibrahim added, “We look forward to leveraging Beyon Cyber’s managed cyber security services to enhance the bank’s IT infrastructure and cyber infrastructure to protect our digital transformation solutions from external cyber threats.”
“The rapid growth of digitization in recent years has increased opportunities for potential cyber attacks and that is why we are working hand in hand on cyber security improvements as well as a digitization strategy that ensures the strongest cyber security measures are taken. We are very confident that Beyon Cyber will provide The expertise and solutions we need to achieve our cybersecurity plans and goals.”
CEO of Beyon Cyber, Dr. Sheikh Khalid bin Daij Al Khalifa commented: “We are delighted to have been selected as a security service provider for SICO, as this allows us to support their exciting innovation strategy towards digital transformation. We believe that a strong digital strategy must be built on secure foundations with built-in principles of security by design. This partnership allows us to bring our years of experience in cyber threat monitoring and response to SICO to help protect it from advanced cyber threats.”
Dr. Khalid added, “The contract with SICO falls within the strategic plans of Pion Cyber to provide world-class and affordable cyber security services to financial institutions across the country in line with the Central Bank of Bahrain’s guidelines.”
Pion Cyber, launched in January, is a subsidiary of Batelco focused on providing advanced cyber security solutions, with managed and consulting services to organizations across Bahrain and throughout the region. Backed by a team of highly skilled professionals, the company leverages an exclusive network of global partnerships to deliver simple, cost-effective and world-class security services to clients, enabling them to accelerate their digital potential.