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 increased investment in cybersecurity. The report, which surveyed 100 IT decision-makers from each country, found that 87% of UAE companies and 89% of Saudi Arabian companies believe they need to invest more in cybersecurity to protect their businesses from cyber threats.
The report also highlighted that 63% of UAE companies and 62% of Saudi Arabian companies have experienced a cyber attack in the past 12 months. These attacks ranged from phishing scams to ransomware attacks, with some companies experiencing multiple attacks during this period.
The findings of the report are not surprising given the increasing number of cyber threats faced by businesses in the region. The UAE and Saudi Arabia are both major players in the global economy, with a large number of international companies operating within their borders. This makes them attractive targets for cyber criminals who are constantly looking for ways to exploit vulnerabilities in their systems.
One of the main reasons cited by companies for the need to increase investment in cybersecurity is the growing sophistication of cyber attacks. Hackers are becoming more skilled at using advanced techniques such as social engineering and artificial intelligence to bypass traditional security measures. This means that businesses need to invest in more advanced security technologies and hire skilled cybersecurity professionals to stay ahead of the curve.
Another factor driving the need for increased investment in cybersecurity is the growing trend of remote working. The COVID-19 pandemic has forced many companies to adopt remote working practices, which has increased the risk of cyber attacks. With employees accessing company systems from outside the office network, there is a greater risk of cyber criminals gaining access to sensitive data.
The Mimecast report also highlighted some of the key challenges faced by companies when it comes to implementing effective cybersecurity measures. One of the main challenges cited was a lack of budget, with many companies struggling to allocate sufficient funds to cybersecurity initiatives. Other challenges included a lack of skilled cybersecurity professionals, a lack of awareness among employees about cyber threats, and the complexity of implementing effective security measures across multiple systems and devices.
Despite these challenges, it is clear that companies in the UAE and Saudi Arabia recognize the importance of investing in cybersecurity. With cyber threats becoming more sophisticated and remote working set to become a permanent feature of the business landscape, it is essential that companies prioritize cybersecurity to protect their businesses and their customers from cyber attacks.
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- Source: Plato Data Intelligence: PlatoData