January 12, 2024 at 03:31PM
A recent study by Kaspersky reveals that 87% of UAE-based businesses have encountered cybersecurity incidents over the past two years, with 25% attributed to staff malice. Malicious insider threats are deemed particularly dangerous by experts, presenting a growing concern for businesses. Furthermore, many companies in the region lack adequate defense mechanisms and cybersecurity talent.
Key Takeaways from the Meeting Notes:
1. Despite significant efforts to enhance cybersecurity, a large majority (87%) of businesses in the UAE have experienced cybersecurity incidents in the past two years. 25% of these incidents were caused by the malicious actions of their staff.
2. The increasing concern of malicious insider threats is a major issue for businesses in the UAE. Employees conducting malicious online behavior are described as “the most dangerous of all employees who can provoke cyber incidents.”
3. Both intentional and accidental insider threats are prevalent, with the latter including employees inadvertently bringing in malware or enabling data leakage. Annual and ad hoc training programs for all staff are recommended to mitigate accidental threats.
4. UAE-based businesses are facing challenges in effectively combating cybercrime, including data breaches and a lack of necessary tools and cybersecurity talent. Many businesses do not believe they are fully prepared to defend against insider threats.
5. The UAE’s booming digital economy and greater use of data make it an attractive target for cybercriminals and hostile states. Organizations in banking, manufacturing, retail, healthcare, government, hospitality, and transportation are all highly prized targets for cyber attacks.