A recent report by Mimecast, a leading cybersecurity company, has revealed that the majority of companies in the United Arab Emirates (UAE) and Saudi Arabia require higher investment in cybersecurity. The report highlights the growing threat of cybercrime in the region and the need for businesses to take proactive measures to protect themselves.
The report surveyed over 1,000 IT decision-makers across various industries in the UAE and Saudi Arabia. It found that 70% of respondents believed that their organizations required higher investment in cybersecurity. This is a worrying statistic considering that cybercrime is on the rise in the region.
The report also found that 60% of respondents had experienced a cyberattack in the past year. These attacks ranged from phishing scams to ransomware attacks. The impact of these attacks can be severe, with many companies experiencing financial losses, reputational damage, and even legal action.
One of the main reasons for the increase in cybercrime in the region is the rapid digitization of businesses. As more companies move their operations online, they become more vulnerable to cyberattacks. Hackers are constantly developing new techniques to exploit vulnerabilities in computer systems, and businesses need to stay ahead of these threats.
The report recommends that companies in the UAE and Saudi Arabia take a proactive approach to cybersecurity. This includes investing in the latest security technologies, such as firewalls, antivirus software, and intrusion detection systems. It also involves training employees on how to identify and respond to cyber threats.
Another key recommendation is to develop a comprehensive cybersecurity strategy that covers all aspects of a company’s operations. This includes identifying potential risks, implementing security controls, and regularly testing and updating security measures.
In conclusion, the Mimecast report highlights the growing threat of cybercrime in the UAE and Saudi Arabia and the need for businesses to take proactive measures to protect themselves. By investing in cybersecurity and developing a comprehensive strategy, companies can reduce their risk of cyberattacks and safeguard their operations, reputation, and financial stability.
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- Source: Plato Data Intelligence: PlatoData