Google Cloud, Haboob Partner to Strengthen Saudi Arabia's Nationwide Cyber Defense

Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)
Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)
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Google Cloud, Haboob Partner to Strengthen Saudi Arabia's Nationwide Cyber Defense

Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)
Haboob announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia. (SPA)

Haboob, a leading cybersecurity service provider owned by the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), announced its partnership with Google Cloud to deliver Chronicle CyberShield to Saudi Arabia.

This marks the first time Chronicle CyberShield will be offered in a managed services model in the Kingdom, aiming to bolster cybersecurity services for public sector organizations, said Haboob in a statement on Tuesday.

The news was revealed at Black Hat MEA in Riyadh.

“Chronicle CyberShield is a comprehensive solution that provides technology, processes, capabilities and resources to deliver situational awareness of the cyber threat landscape. It is uniquely designed for government entities to share threat information, help accelerate investigations and initiate a united response against persistent and ever-evolving threats proactively and rapidly,” said the statement

Haboob and Google Cloud are addressing the rising demand for cloud services in the Kingdom in alignment with the Saudi Vision 2030 digital transformation goals.

Running on Google Cloud's infrastructure, Chronicle CyberShield is capable of ingesting large amounts of data and conducting analytics within seconds. This can be a crucial factor when protecting one of the top 20 global economies and dealing with diverse data sources across various organizations and industries.

Haboob is spearheading the nationwide implementation of this solution, including the launch of a modernized Government Security Operations Center in Saudi Arabia, with advanced threat intelligence capabilities, enabling proactive detection and response to threats and incidents.

As part of the partnership, Haboob will also have access to a range of services from cybersecurity leader Mandiant, part of Google Cloud, including incident response capabilities, compromise and cyber defense assessments, and red teaming, in order to help protect key customer assets.

CEO of Haboob Eng. Saleh Alhaqbani underlined their keenness to provide their services to a wide range of clients in government and private sectors, which reflects great confidence in their ability to meet their needs in the cybersecurity sector, said the statement.

He stressed the importance of managed security monitoring services, which are growing significantly due to the legislation and security controls of the National Cybersecurity Authority, as well as the great risks resulting from cyber threats and new and complex methods of Advanced Persistent Threats (APTs) to bypass and penetrate technical systems.

Alhaqbani added that Haboob is delivering a managed security monitoring service in partnership with Google Cloud using Google Chronicle CyberShield, which is supported by artificial intelligence (AI) technologies that help it detect complex cyber threats. Haboob is seeking to contribute to creating a safe cyberspace and achieving its strategic goals that have been worked on to align with Saudi Vision 2030's strategic goals.



Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
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Salesforce Gains as Software Firm Bets on AI Tools to Power Growth

The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights
The Salesforce logo is pictured on a building in San Francisco, California, US October 12, 2016. REUTERS/Lily Jamali/File Photo Purchase Licensing Rights

Shares of Salesforce gained more than 5% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to drive growth.

The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.

"We continue to see Salesforce as an under-appreciated AI winner as its differentiated data and early success in creating/deploying GenAI agents," Reuters quoted Goldman Sachs analyst Kash Rangan as saying.

Wall Street was concerned that tempered cloud spending would affect Salesforce in a tough economy, but the software-as-a-service (SaaS) firm reported better-than-expected revenue, profit and margins in the second quarter.

Salesforce also raised its profit forecast for the year ending January 2025, as margins continue to expand, thanks to its restructuring efforts last year.

The stock is trading at 24.49 times that of Wall Street's profit expectations, compared with 52.11 for SaaS peer ServiceNow and cloud contact center firm Five9's 13.30.

Salesforce is set to add $14 billion to its market capitalization if premarket gains hold. The company's valuation stood at $248 billion as of Wednesday's close.

"We think these results alone are not good enough to drive a sustainable rally from here. For that, we need more catalysts, which could come with the new AI solutions," which are set to be showcased at its event Dreamforce and launched in October, Barclays analyst Raimo Lenschow said.

Some analysts believe that sustained growth in the coming quarters can come through customer support platform Agentforce, which is not yet commercially available.