Al Mulla Exchange conducts cybercrime and protection seminar

KUWAIT: The advent of new technologies and an ecosystem of digital incorrectness has enabled an increase in the volume of cybercrime. Today, anyone can be a victim of cybercrime be it individuals or companies. Keeping customer safety as a priority Al Mulla Exchange organized a seminar on Cybercrime and Protection on 13th November 2017 at Holiday Downtown Hotel.

The event began with a welcome note from Praveen Singh, Divisional General Manager of Al Mulla Exchange who highlighted that according to statistics available worldwide the global costs of cybercrime will reach $2 trillion by 2019, a threefold increase from the 2015 estimate of $500 billion and thus it is imperative that CEOs, business owners, and decision makers are highly vigilant.

The speaker for the evening was Sourabh Sharma, Director at Ernst and Young, Kuwait, who gave his valuable inputs on the current prevailing cyber threats and how it is affecting businesses globally. He shared some live examples and case studies to the audience making it quite simple for them to grasp the details of the presentation. He also provided simple but effective tips on ways to counter e-crime and emphasized best practices on passwords security, email security, storage security and malware protection.

The seminar was followed by a Question & Answer session where each of the audience questions were answered in detail. The customers thanked Al Mulla Exchange for organizing such an informative session which enlightened them with the current situation and on ways of how to combat cybercrime.