A recent report by Mimecast, a leading email and data security company, has highlighted the need for increased cybersecurity spending in nearly 60% of companies in the United Arab Emirates (UAE) and Saudi Arabia. The report, titled “The State of Email Security 2020,” surveyed over 1,000 IT decision-makers across the Middle East and North Africa (MENA) region to understand their cybersecurity challenges and priorities.
According to the report, 59% of companies in the UAE and Saudi Arabia are planning to increase their cybersecurity spending in the next 12 months. This is a significant increase from last year’s report, which found that only 47% of companies in the region were planning to increase their cybersecurity budgets.
The report also revealed that email remains the top threat vector for cyber attacks in the MENA region, with 72% of respondents reporting that their organizations had experienced an email-borne attack in the past year. This highlights the need for companies to invest in email security solutions that can detect and prevent these attacks.
In addition to email security, the report identified several other cybersecurity challenges that companies in the UAE and Saudi Arabia are facing. These include ransomware attacks, phishing attacks, and insider threats. To address these challenges, companies need to adopt a multi-layered approach to cybersecurity that includes training employees on how to recognize and avoid cyber threats, implementing security solutions that can detect and prevent attacks, and regularly testing their security defenses.
The report also highlighted the importance of compliance with data protection regulations such as the General Data Protection Regulation (GDPR) and the Cybersecurity Law in Saudi Arabia. Compliance with these regulations not only helps companies avoid costly fines and legal penalties but also helps them build trust with their customers by demonstrating their commitment to protecting their data.
Overall, the Mimecast report underscores the importance of cybersecurity in today’s digital age. With cyber threats becoming more sophisticated and frequent, companies need to prioritize cybersecurity and invest in solutions that can protect their data and systems from attacks. By doing so, they can not only avoid the financial and reputational damage caused by cyber attacks but also build trust with their customers and stakeholders.
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- Source: Plato Data Intelligence: PlatoData