NEWS
KPMG : Saudi banks stay resilient amid COVID-19 pandemic
Banking Pulse , a series of quarterly reports , highlighting the latest developments in the Kingdom ’ s banking sector following the disclosure of third-quarter 2020 financials by listed banks .
“ The lending space in the Saudi banking sector has been rife with continued growth in mortgage financing throughout the COVID-19 environment . It is an endorsement of the housing demand in the country and testament of government support measures ,” said Khalil Ibrahim Al
Sedais , Office Managing Partner – Riyadh KPMG in Saudi Arabia .
“ Retail property buyers have welcomed the step-down of the tax rate from 15 % back to 5 % being a non-claimable component of the purchase cost in general . If these past trends are representative for the last quarter , then the introduction of RETT and sale drives witnessed each year-end , it is quite likely that the overall banking sector will end FY 2020 without major impact on profitability ,” Al Sedais noted .
The KPMG Q3 2020 Saudi banking sector analysis report recorded the sector experiencing a range of regulatory changes , including the value-added tax ( VAT ) reforms and the institutionalisation of the real estate transaction tax ( RETT ), with mortgage finance continuing to record significant growth for the first time . KPMG recorded these observations in its latest the
Attivo Networks and SentinelOne integration delivers protection against credential-based attacks
Attivo Networks and SentinelOne , have announced that they are now working together to disrupt attacks from modern adversaries . By combining the two companies ’ solutions , joint customers gain the ability to prevent endpoint compromises and disrupt an attacker ’ s attempts to gather credentials and perform reconnaissance activities that are needed for lateral movement . In addition , Attivo Networks has joined the SentinelOne Singularity Partner Programme , which creates a collaboration model for the two companies to work together to sell and support customers . multiple existing technologies into one solution . The Endpoint Detection Net ( EDN ) Suite has made Attivo Networks a leader in protecting Active Directory ( AD ) and credentials on endpoints , both of which are prime targets for modern cyber-attacks .
The EDN solution provides SentinelOne customers with an effective way to detect and prevent attacks against Active Directory , credential theft and privilege escalation while reducing the attack surface by removing exposed credentials .
With its Singularity XDR platform , SentinelOne is a leader in Endpoint Protection ( EPP ), Endpoint Detection and Response ( EDR ), IoT security and cloud security . The platform delivers differentiated endpoint protection , endpoint detection and response , IoT security , cloud security and IT operations capabilities – consolidating
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