DUBAI, United Arab Emirates, Nov. 26, 2018
DUBAI, United Arab Emirates, Nov. 26, 2018 /PRNewswire/ -- du, from Emirates Integrated Telecommunications Company (EITC), has today announced the addition of continuous and real-time Risk and Compliance Management Services to its managed cloud and datacentre offering; courtesy of a new partnership with Caveonix. This relationship will ensure that large enterprises, particularly government and financial institutions in the UAE, can easily leverage proactive ICT and cloud workload protection in the face of complex regulatory and compliance requirements.
This new offering from du comes in response to the introduction of tighter regulatory obligations this year such as MiFID II on 3rd January 2018, the General Data Protection Regulation (GDPR) on 25th May 2018 and the latest developments to the Payment Care Industry Security Standards (PCI DSS) also in May 2018. These regulatory directives require government, financial and banking institutions to ensure robust policy and operational automation frameworks for risk and compliance management capabilities.
du's continuous and real time Risk and Compliance Management Services will help these institutions ensure comprehensive compliance - a challenge requiring a solution to not only continuously monitor compliance but also, to manage it across private, public and hybrid cloud architectures.
Farid Faraidooni, Deputy CEO – Enterprise Solutions, EITC said: "Governmental and financial institutions are right in the middle of, possibly the biggest shakeup since the birth of the Internet. The rise of digital is giving rise to transformative business models and revenue streams to consider but also stricter regulation that is crippling some organisations into stasis. Adding Caveonix RiskForesight™ as a solution partner of du's managed cloud and data centre services, enables du's business customers to confidently capitalise on the greater efficiency and scale of cloud environments - including hybrid deployments – in an organisation's digital transformation journey, while ensuring compliance requirements are met."
"This exciting collaboration ensures that industry standards and regulatory compliance are met along with active defense against threats across the hybrid cloud," said Kaus Phaltankar, Co-Founder, President and Chief Technology Officer of Caveonix. "By providing continuous automated monitoring and quantitative risk posture analysis of applications and their workloads. RiskForesight performs a full-stack analysis of the vulnerabilities and configuration issues at the infrastructure, platform, and application level and performs continuous assessment against cyber threats and regulatory compliance requirements."
Combining leading technologies with its highly-skilled Services Operations, Risk and Compliance team, du offers compliance zones based on the Global Risk Management Framework in its private, public and hybrid cloud and datacentre services ensuring cyber risk and industry and regulatory compliance needs are met.
du's in-country enterprise-class cloud services and mature managed services offering, the Risk Foresight real time service stack offering creates powerful value for the company's enterprise customers with ambitions for digital transformation.
** RiskForesight™ is a registered trademark of Caveonix, Inc. in the United States and other jurisdictions.
du is a vibrant and multiple award-winning telecommunications service provider serving 9 million individual customers with its mobile, fixedline, broadband internet, and Home services over its 4G LTE network. du also caters to over 100,000 UAE businesses with its vast range of ICT and managed services. Since its launch in 2007, du has many UAE firsts to its credit, including introduction of Pay by the Second® billing system, IPTV and self-service portal.
du is ideally placed to support the realisation of UAE Vision 2021 and transformation of Dubai into a Smart City. du is also the official strategic partner of the Smart Dubai Office and the platform provider for Smart Dubai. Following the successful testing of the Middle East's first Internet of Things (IoT) network, du is on course to complete deployment of its IoT network in 2016.
Brand Finance ranked du as the 12th most valuable brand in the Middle East in 2016. du previously won the coveted Brand of the year title by Superbrands Middle East in 2013. The company has been recognised with several other awards such as ISO 27001 certification of Managed Security Services and having the distinction of opening UAE's first LEED Platinum Certified Green Shop. du also has the unique distinction of the first telecom in the world to release Sustainability Report based on GRI-G4 guidelines in 2014. du is also credited with du's world-class teleport is the largest of its kind in the Middle East and ranked among the top teleports in the world by World teleport Association.
du is 39.5 percent owned by Emirates Investment Authority, 19.75 percent by Mubadala Development Company PJSC, 19.5 percent by Emirates Communications and Technology LLC and the remaining by public shareholders. Listed on the Dubai Financial Market (DFM), the company trades under the name 'du'.
Caveonix is redefining comprehensive and continuous hybrid cloud workload protection on a single platform. Caveonix's flagship product, RiskForesight™, allows service providers and enterprises to continuously detect, predict and act on security threats and vulnerabilities impacting their hybrid cloud workloads, offering full stack visibility into cloud infrastructure, platforms, applications and data. RiskForesight's patented engine, CaveoIQ, leverages predictive analytics and machine learning to build IT, cyber and compliance risk mitigation models across the full cyber control plane to ensure security, network, compliance and policy enforcement of all your cloud-based workloads. For more information, visit: www.caveonix.com.