Saudi Arabia to double the number of MVNOs with the offer of two new licenses

Saudi Arabia’s Communications and Information Technology Commission (CITC) has tendered two new mobile virtual network operator (MVNO) licenses, which “will likely boost investment opportunities in the telecom industry, support entrepreneurship and enhance the content industry as well as service diversification,” CITC Governor, Mohammed Altamimi is quoted as saying.

Virgin Mobile Saudi and Jawraa Lebara were licensed in 2014, operating on STC’s and Mobily’s networks respectively

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Orange inaugurates regional head office in Casablanca

Orange has officially inaugurated its new Middle East and Africa (MEA) operational head office in Casablanca, Morocco from where it will direct activities across its 18 countries of presence in the region. The operator counted a total of 125 million customers in the MEA as of October 30, 2019.

Orange will direct activities across its 18 countries of presence in the region from its new headquarters. The operator counted a total of 125 million customers in the MEA as of October 30, 2019

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Bad to worse for Travelex as it faces aggressive ransomware attack

The cyber hacking saga at Travelex continues as media reports now suggest the international foreign currency dealer has fallen prey to a ransomware attack with a group called Sodinokibi claiming responsibility for the incident and demanding a US$6 million payment to restore systems.

It is not clear whether Travelex is considering paying any amount of ransom in order to gain back control of its data and systems. Security experts typically advise that victims not pay ransoms to threat actors

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Travelex hit by New Year’s Eve cyber attack

Travelex, the international foreign currency seller suffered a software virus attack on New Year’s Eve and has been forced to take down its website as a result of the incident. The company has resorted to carrying out transactions manually, providing foreign exchange services over the counter in its branches.

Significant fines can be levied by regulators in Europe on companies viewed as not having sufficient cyber security postures in place in line with the General Data Protection Regulation

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DIFC receives cyber threat intelligence platform

The Dubai Financial Services Authority (DFSA) has announced plans to launch a cyber threat intelligence platform to help firms in the Dubai International Financial Centre (DIFC) implement appropriate safeguards to mitigate cyber risks. The platform is the result of cooperation and collaboration with the Dubai Electronic Security Centre (DESC), the National Computer Emergency Response Team (aeCERT) and the Computer Incident Response Centre Luxembourg (CIRCL). Leading international cyber security specialists, including Help AG (Saudi and UAE operations of which were acquired by UAE telco Etisalat in September this year); Kaspersky; Palo Alto Networks; Cofense; and Recorded Future are contributing to the development of the platform.

The platform will provide cyber threat intelligence to the entire DIFC, creating a cyber community and ecosystem accessible to all DIFC businesses
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