At GITEX 2024, Ray Kafity from Halcyon announced the company’s strategic entry into the Middle Eastern market, focusing on innovative solutions for ransomware protection. GITEX has grown into a pivotal event for showcasing cutting-edge IT and cybersecurity advancements, making it the perfect platform for Halcyon to introduce its offerings.
Kafity emphasized the pressing need for effective ransomware solutions in a rapidly evolving cyber threat landscape, noting that ransomware is now a significant global economic force. He stated that the average recovery time from a ransomware attack can range from 22 days to several months, underscoring the necessity for a robust recovery platform. Halcyon aims to address this challenge by enabling businesses to recover from ransomware attacks in minutes, rather than weeks.
The company is partnering with Spire Solutions to distribute its platform throughout the region, engaging with end users and potential partners to raise awareness about its unique offerings.
With geopolitical tensions contributing to increased cyber threats, Kafity highlighted the importance of a national framework for cybersecurity, collaborating with the UAE Cyber Security Council to bolster defenses against ransomware. The response from prospects has been overwhelmingly positive, reflecting the urgent need for advanced cybersecurity solutions in the region.