HWG serves businesses across sectors including finance, fashion, automotive, telecommunications and manufacturing
Investcorp, the alternative asset manager that counts Mubadala Investment Company as its biggest shareholder, bought a majority stake in Italian cybersecurity company HWG as the Bahrain-based firm continues to expand its portfolio globally.
Cybersecurity is gaining importance for many businesses due to the accelerated adoption of technology during the coronavirus pandemic.
Overall, cyber criminal activities were projected to have inflicted damages worth about $6 trillion globally in 2021, according to research company Cybersecurity Ventures.
Read more: The National News
