The Market Implications of Saudi Arabia's New Regulatory Framework for Licensing Managed Security Operations Center Services
Saudi Arabia's National Cybersecurity Authority (NCA) has introduced a Regulatory Framework for Licensing Managed Security Operations Center (MSOC) Services, effective August 28, 2024. This framework mandates strict licensing criteria and a tiered system to enhance cybersecurity services across critical and non-critical sectors. It aims to elevate service quality, foster innovation, and attract investment, positioning Saudi Arabia as a global cybersecurity leader. The regulation benefits the kingdom, the NCA, service providers, and customers by ensuring robust and reliable cybersecurity solutions.