malomatia and London-based Encryptics unveil groundbreaking data protection solutions for the finance
malomatia, Qatar’s leading IT service provider, and Encryptics, a London -based specialist in Cyber Security Data Protection, announced a strategic partnership during the second conference on Information Security for financial institutions, hosted by the Qatar Central Bank (QCB) from 15-16 November 2015.
malomatia holds the exclusive rights to market Encryptics technology and services in Qatar and sees the demand for these services growing across many sectors with the increasing importance of data security in many corporate and governmental environments.
Yousef Al Naama, Managing Director of malomatia said: “malomatia’s partnership with Encryptics empowers data owners by delivering true end-to-end privacy and security. It gives clients in Qatar access to advanced global expertise combined with malomatia’s strong presence on the ground, ensuring both a strong interpersonal relationship with the teams and the most extensive subject matter expertise.”
Michael Menegay, CEO of Encryptics, said: “malomatia’s reputation in the market with its local presence and extensive technical capabilities are a perfect match for Encryptics’ ambitions in Qatar. We are confident that the strategic alliance will drive significant value for Encryptics, malomatia and most importantly our joint customers in Qatar. This starts with education and building awareness to show stakeholders that data breaches are not a matter of ‘if’, but ‘when’. They will occur and the necessity of world-class data protection is paramount to mitigate these occurrences. Digital content owners can, and should, ensure the privacy of their data and retain constant control of who can see and share that information. This is not just a financial services agenda; it is a strategic requirement of good corporate governance for all institutions, including corporations, governments and defense agencies.”
While malomatia and Encryptics are presenting the technology and solutions across the financial services sector, they expect its value, scalability and underlying API technology to appeal to other sectors where data protection is a priority.
Qatar Central Bank and some of its affiliated banking institutions in Qatar have already transitioned to using Encryptics to proactively secure their digital assets and prevent data loss. At the fundamental level, this includes Encryptics for Email, Policy Based Protection (PBP), and Multi-factor Authentication (MFA). And, organizations of all types can take advantage of Encryptics patented technology by integrating the Encryptics Application Programming Interface (API) into their own software development efforts to secure digital information associated with payment processing, messaging, media, healthcare and energy applications.
The patented cybersecurity technology enables the seamless extension of cyber-protection capabilities into any network-aware digital device (servers, PCs, laptops, tablets, mobile phones, etc.).
Encryptics develops and delivers enterprise-wide data protection solutions that integrate seamlessly into most existing environments. Encryptics’ patented data protection and Data Rights Management (DRM) platform provides true end-to-end encryption and data access controls to ensure that data remains secure over the course of its entire lifecycle. Encryptics’ cross-platform solutions—built on the Encryptics Data Protection API™—address common security gaps to help organizations in any industry reduce data loss without compromising workflow efficiency. The Encryptics portfolio includes purpose built email protection products and most notably the Encryptics API, which serves as a universal tool for integrating Encryptics data protection methodology into virtually any mobile, server desktop client software application. For more information, please visit www.encryptics.com
The QCB is hosting the Information Security summit in Qatar to discuss ways of Enhancing IT Security in the Financial Sector and building on the QCB’s efforts to create a secure and stable financial environment in tune with the evolution of the global IT environment. The authorities in Qatar are coordinating with the financial services sector to ensure the improvement of applications, software and hardware related to information security in accordance with global best practices.
