NEWS
Saudi Arabia ’ s Tourism Development Fund deploys cloud first strategy with Oracle
Oracle has announced that Tourism
Development Fund ( TDF ) has completed a major Oracle Cloud implementation supporting the organisation ’ s objective in enabling investors and drive the development of Saudi ’ s tourism sector with a capital of US $ 4 billion .
TDF aims to be the key enabler of tourism development in the Kingdom . By providing financing solutions for investors , TDF aims to drive the development of distinguished tourism projects in various regions of the Kingdom , thereby accelerating the National Tourism Strategy ’ s goal of raising the tourism sector ’ s contribution from 3 % to 10 % by 2030 and creating 1 million new jobs by 2030 .
The implementation , which spans Oracle Software-As-a-Service ( SaaS ), Platform-Asa-Service ( PaaS ) and Infrastructure-As-a- Service ( IaaS ) cloud solutions , is designed to drive automation and integration of TDF ’ s core functions including core banking , finance , human resources and procurement .
Yasser Alkhathlan , Executive Director Business Technology , TDF , said : “ The Oracle Cloud implementation is key to our success , enabling us to respond quickly and transparently to businesses that operate in the tourism ecosystem . The integration and automation of core business functions also allows us to scale our operations quickly and securely , introduce innovative solutions to support tourism sector SMEs and monitor the performance of our fund in real time .”
VMware report : 93 % of organisations in KSA experienced cyberattacks
VMware Inc , has released the KSA findings from the fourth instalment of the Global Security Insights Report , based on an online survey of 3,542 CIOs , CTOs and CISOs in December 2020 from across the globe , including 252 in KSA .
secure data and applications . As attacker sophistication and security threats become more prevalent , we must empower defenders to detect and stop attacks , as well as implement security stacks built for a cloud-first world .”
The report explores the impact of cyberattacks and breaches on organisations and details how security teams are adapting to these challenges .
Accelerated Digital Transformation has caused security teams to face evolving threats as cybercriminals seize the opportunity to execute targeted attacks exploiting fast-tracked innovation and the anywhere workforce . Close to 93 % of organisations surveyed in KSA experienced cyberattacks due to more employees working from home , highlighting the vulnerabilities in legacy security technology and postures .
“ The race to adopt cloud technology since the start of the pandemic has created a once-in-a-generation chance for business leaders to rethink their approach to cybersecurity ,” said Rick McElroy , Principal Cybersecurity Strategist , VMware .
“ Legacy security systems are no longer sufficient . Organisations need protection that extends beyond endpoints to workloads to better
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