Oracle aims to have 20 fully deployed cloud regions with at least two data centers in the Middle East and Africa out of over 160 worldwide.
The US-based cloud computing company Oracle is intensifying its efforts to combat the growing cyber threats in the Middle East by strengthening its cyber security capabilities.
As the cyberattacks in the Middle East continue to increase, the Texas-based company aims to safeguard the data of its customers while also growing its footprint in the region.
The VP of technology for Europe, the Middle East, and Africa, Richard Smith, said in an interview that by the end of the upcoming year, Oracle aims to have 20 fully deployed cloud regions, each with at least two data centers in the Middle East and Africa out of over 160 worldwide.
The region faced an increasingly complex threat landscape, with hundreds of thousands of cyberattacks hitting networks daily. Oracle’s zero trust security model is the core of the strategy, which is designed to withstand even the most advanced attacks in the region and guarantee complete sovereignty over client information and no data leaks.
Mr. Smith stated that due to the magnitude of bad actors, one cannot have anything other than a zero-trust environment. They are ensuring that their key responsibility is to ensure that the data is accurate and that the information of the client is kept confidential.
The keys to the data are confidential. The data location in the cloud and the level of security it receives are both crucial. In places like the Middle East, the landscape is incredibly complicated, and getting around there requires a keen awareness of local laws and sensitivities.
In the 2024 analysis by IBM, the average cost of a data breach in the Middle East increased by 8.4 percent annually to $8.75 million. After the United States, where data breaches cost $9.36 million, the Middle East is the second most expensive in the world.
As per the World Economic Forum 2023 global risk report, a ranking of 1200 experts from academia, business, government, and civil society placed widespread cybercrime and cyber insecurity among the top 10 global risks in the short and long term.
Oracle looks after many regional clients, including Saudi Railways, Neom, DP World, e&, Abu Dhabi Customs, Mashreq, Emirates Post, Saudi Arabia Mining Company, and du.
Currently, it has specialized cloud regions in the United Arab Emirates, Saudi Arabia, and South Africa intending to develop new facilities in Morocco.
Last week, the business disclosed a new feature in its cloud service that would strengthen its data security by separating network security and cloud architecture to prevent unauthorized access. It allows companies to establish strict guidelines to manage their network traffic and lower the chance of mistakes that could result in data breaches.
Last February, Oracle announced that it is going to invest $1.5 billion to increase its cloud computing capacity in Saudi Arabia.
Oracle has partnered with regional businesses like Saudi Telecom Company, UAE Telecom Du, and Injazar, a tech company part of Abu Dhabi’s AI company G42, to create sovereign cloud capabilities and dedicated cloud regions, especially for government entities in the Middle East.
These organizations will give access to Oracle’s cloud applications and infrastructure through the cloud region, which complies with local laws and high regulatory standards.
The global cloud computing market is estimated to increase at a compound annual growth rate of 21.2% from 2024 to 2030 from its estimated $602.31 billion last year.
Businesses pay for selective services or resources they use over time in the cloud industry. Businesses can save sufficient money by switching to cloud systems hosted by a specialized company rather than creating their own servers, hardware, and security networks. It also reduces the total cost of ownership.