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malomatia, Encryptics join hands to protect Qatar fin services data

malomatia MD Yousef al-Naama says the IT service provider's partnership with Encryptics empowers data owners by delivering true end-to-end privacy and security.

 

Doha

Qatar's leading IT service provider malomatia, 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 here.
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, malomatia managing director, 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, Encryptics CEO 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, organisations 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.

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