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2nd Edition of World’s Fastest Growing Cybersecurity Event ‘Black Hat’ Launched in Riyadh

The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA
The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA
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2nd Edition of World’s Fastest Growing Cybersecurity Event ‘Black Hat’ Launched in Riyadh

The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA
The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA

The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC) featuring the participation of experts, speakers, and investors.

The opening ceremony was attended by top officials and the Chairman of the Saudi Federation for Cybersecurity, Programming & Drones, Faisal Al-Khamisi.

During his speech he conveyed the significance of the three-day event, saying the gathering “embraces InfoSec experts and innovators from major global companies, enthusiastic to share their expertise through more than 600 hours of content over the next three days.”

"We are proud that last year, Black Hat Riyadh edition became the world’s most attended cybersecurity event, with 30,000 attendees," he added.

"With the opening of this edition, we are prepared to surpass our own record, welcoming more participants from all over the world, with more than 60,000 registered, more than 250 sessions, 350 leading companies from 70 countries, as well as prizes exceeding SAR1 million for the competitions and challenges during the event.”

He also referred to the role of Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, saying “We attribute every milestone in the technology sector to our visionary and inspiring leader.”

Annabelle Mander, Senior Vice President of Tahaluf expressed her gratitude to the Saudi Federation For Cybersecurity, Programming & Drones, saying “The growth of Black Hat Middle East and Africa can be attributed to a partnership, in one of the thrilling markets globally. I would like to express my gratitude to our partners and friends at (SAFCSP) for their contribution, in making this achievement possible”

During the event there was an announcement regarding the collaboration between "HABOOB", owned by the Saudi Federation for Cybersecurity and Programming & Drones, and Mandiant by Google Cloud, aiming to deliver "Chronicle Cyber Shield" solution to the Kingdom.

This collaboration represents a step towards enhancing cybersecurity services across the government entities. The "Chronicle Cyber Shield" offers an integrated solution that empowers government entities to proactively and effectively detect cyber threats using technologies and resources while staying updated on the developments in this field.

The opening day of the Black Hat conference covered a range of subjects including discussions on cyber risks, the impact of software in warfare, techniques utilized in transportation hacking and the application of AI in development and security enhancement. The sessions were enriched by the presence of speakers like Sam Curry, Zscalers Chief Security Officer, Chris Wysopal, Veracodes Co-founder and CTO Graham Ludlow, Chief Cybersecurity Officer at Marriott Vacations Worldwide, and Camille Fasquez, a partner at Brown Rudnick.

The Cyber Seed Startups have commenced unveiling four distinct awards: the Innovative Ideator for startups in their infancy with promising ideas poised to enter the market, the Shining Seedling for startups in the early stages of development beyond the ideation phase, Established Excellence for experienced startups making significant waves, and the Saudi Superstar, providing an opportunity to showcase and promote the wealth of cybersecurity talent within the Kingdom.

Simultaneously, the Activity Zone promises awards exceeding SAR1 million across various competitions, including the CTF Competition, Bug Bounty Cup, Cyber Escape Room, Smart City Simulation, Chip-off Village, Drones Zone, Smart Contract Hacking, Medical Hacking, and Lock pick Village.

The Black hat event runs until November 16, featuring the participation of renowned exhibitors such as IBM, Cisco, Huawei, Spire Solutions, Trend Micro, Mandiant, Google Cloud, Cloud flare, Qualys, Illumio, SITE, Mobily, Cyberani, Al Moammar Information Systems, Haboob, and Sirar by stc, DSS Shield, Cipher, among many others.

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Business

US Job Growth Surges in September, Unemployment Rate Falls to 4.1%

A woman enters a store next to a sign advertising job openings at Times Square in New York City, New York, US, August 6, 2021. REUTERS/Eduardo Munoz/File Photo
A woman enters a store next to a sign advertising job openings at Times Square in New York City, New York, US, August 6, 2021. REUTERS/Eduardo Munoz/File Photo
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US Job Growth Surges in September, Unemployment Rate Falls to 4.1%

A woman enters a store next to a sign advertising job openings at Times Square in New York City, New York, US, August 6, 2021. REUTERS/Eduardo Munoz/File Photo
A woman enters a store next to a sign advertising job openings at Times Square in New York City, New York, US, August 6, 2021. REUTERS/Eduardo Munoz/File Photo

US job growth accelerated in September and the unemployment slipped to 4.1%, further reducing the need for the Federal Reserve to maintain large interest rate cuts at its remaining two meetings this year.
Nonfarm payrolls increased by 254,000 jobs last month after rising by an upwardly revised 159,000 in August, the Labor Department's Bureau of Labor Statistics said in its closely watched employment report on Friday.
Economists polled by Reuters had forecast payrolls rising by 140,000 positions after advancing by a previously reported 142,000 in August.
The initial payrolls count for August has typically been revised higher over the past decade. Estimates for September's job gains ranged from 70,000 to 220,000.
The US labor market slowdown is being driven by tepid hiring against the backdrop of increased labor supply stemming mostly from a rise in immigration. Layoffs have remained low, which is underpinning the economy through solid consumer spending.
Average hourly earnings rose 0.4% after gaining 0.5% in August. Wages increased 4% year-on-year after climbing 3.9% in August.
The US unemployment rate dropped from 4.2% in August. It has jumped from 3.4% in April 2023, in part boosted by the 16-24 age cohort and rise in temporary layoffs during the annual automobile plant shutdowns in July.
The US Federal Reserve's policy setting committee kicked off its policy easing cycle with an unusually large half-percentage-point rate cut last month and Fed Chair Jerome Powell emphasized growing concerns over the health of the labor market.
While the labor market has taken a step back, annual benchmark revisions to national accounts data last week showed the economy in a much better shape than previously estimated, with upgrades to growth, income, savings and corporate profits.
This improved economic backdrop was acknowledged by Powell this week when he pushed back against investors' expectations for another half-percentage-point rate cut in November, saying “this is not a committee that feels like it is in a hurry to cut rates quickly.”
The Fed hiked rates by 525 basis points in 2022 and 2023, and delivered its first rate cut since 2020 last month. Its policy rate is currently set in the 4.75%-5.00% band.
Early on Friday, financial markets saw a roughly 71.5% chance of a quarter-point rate reduction in November, CME's FedWatch tool showed. The odds of a 50 basis points cut were around 28.5%.