Dubaiuncovered

Data breaches are a serious threat to businesses, with the potential to cause significant damage. SearchInform, a company specializing in information security, has introduced a unique service to the UAE market to combat these internal threats. In an interview, SearchInform Head Lev Matveev discusses the risks companies face, the need for managed security services, and the capabilities of their solutions.

Matveev explains that SearchInform has been in the information security industry for over 20 years, starting with data search algorithms and evolving into data leak prevention systems and other security solutions. Their flagship product, Risk Monitor, is a next-gen DLP system designed to protect against data breaches, detect fraudulent activities, and monitor employee productivity. However, Matveev emphasizes the need for analytical experts to work with the system and respond to security threats, leading to the development of managed security services.

According to Trellix research, there is a shortage of information security professionals in the UAE, leaving many companies vulnerable to threats. SearchInform’s managed security service aims to address this issue by providing protective software, customizable security policies, and expert monitoring of security incidents. The company is so confident in their service that they offer a free trial month, during which they detect security incidents in 100% of trials.

In addition to enhancing security, SearchInform’s service also eliminates the need for companies to hire security professionals, which can be costly and difficult for SMEs. By offering security as a service, businesses can access the expertise and resources they need without the expense of building their own in-house security department.

The service is particularly targeted at companies with 30 to 500 employees, who may not have the resources for full-time security officers or specialized software. SearchInform is confident in the potential of the UAE market and has already invested in a local office in Dubai to expand its presence in the region. The company plans to conduct trials and gain feedback from local customers, with the goal of expanding to the entire MENA region in the near future.

In terms of investment, SearchInform anticipates an initial investment of $500,000 to $1 million, with plans to transition to a franchise model in the future. They project a turnover of 200 million dirhams and a net profit of 100 million dirhams within 4-5 years in the UAE. With the growing demand for digital services in the region, SearchInform sees itself playing a crucial role in enhancing protection against internal threats in the country and region.