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Navigating the complex landscape of cyber insurance
The cyber insurance industry will persistently evolve as the threat landscape expands. As the criteria for insurability rise, enterprises shouldn't merely strive to meet the minimum standard but should also aim to exceed it with a comprehensive approach to data protection, adds Russell.
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Digital quality adds shine to life in Arab countries
The UAE leads the Arab world in digital quality of life, with its advanced digital infrastructure and commitment to tech advancements. Saudi Arabia secures second position. -
Jordan okays cybercrime bill despite rights groups warning
The bill must also be approved by the senate before being ratified by King Abdullah II and published in the official gazette. -
Rights groups urge Jordan to scrap ‘draconian’ cybercrime bill
The Jordanian government recently referred the draft bill to parliament for discussion with a view to amending a 2015 cybercrime law. The amendments would toughen penalties for those seen to have committed cybercrimes including spreading disinformation, with those found guilty potentially facing prison time. -
Break the cycle of cybercrime, don’t pay ransomware
Government bodies are now working towards finding solutions to the problem but businesses, beside devising strong backup strategies, need to invest in ransomware prevention to protect themselves from huge financial damage and the possibility of financing further crime, adds Weijdema. -
‘UAE deals with around 50,000 cyberattacks daily’
"These proactive efforts play a vital role in protecting the country's digital sphere and ensuring a secure environment for critical industries such as banking, finance, healthcare, and energy that are most frequently targeted," adds Al Kuwaiti while highlighting the importance of cybersecurity. -
World’s largest online cybercrime site shut in police crackdown
Genesis Market sold the identities of over two million people for as little as $0.70, allowing hackers to target bank accounts and carry out online fraud, officials in several countries said. Police arrested 119 people in the huge crackdown, dubbed "Operation Cookie Monster", which was led by the US FBI... -
Criminals set to use ChatGPT for fraud, other cybercrimes: Europol
Created by US startup OpenAI, ChatGPT appeared in November and was quickly seized upon by users amazed at its ability to answer difficult questions clearly, write sonnets or code, and even pass exams. "The potential exploitation of these types of AI systems by criminals provides a grim outlook," The Hague-based... -
Remote work, hybrid workplace boost telecom demand
Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS. -
Cyberthreats put critical infra at risk in Middle East
Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses. -
FBI accuses North Korea hackers of $620m cryptocurrency heist
The hack, which last month targeted players of the popular game Axie Infinity, was one of the biggest to hit the crypto world, raising huge questions about security in an industry that only recently burst into the mainstream thanks to celebrity promotions and promises of untold wealth. -
MENA businesses are battling social media scams
Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode people’s digital trust in it. -
Jordan was subjected to 897 cyberattacks in 2021: Minister
The attacks reportedly focused on sovereign institutions, financial and economic targets, and even individuals. -
Red Cross hacked
Hackers seized data of more than 515,000 extremely vulnerable people. -
Google shuts cybercrime ring
The ring had infected 1 million devices to carry out its work. -
39% of Sub-Saharan Africa firms lack anti-bribery controls: survey
The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA. -
Israel firm, clients hit by hackers linked to Iran
A hacking group known as Black Shadow claimed responsibility for the attack. -
McDonalds Qatar warns of fake websites
The sites are advertising fake offers and requesting bank details. -
$600m crypto theft case about to be solved?
DeFi platform Poly Network said on Twitter on Wednesday that the threat actor or actors had already returned cryptocurrency worth $4.77 million. -
One out of every three cyberattacks in Bahrain hit corporates
About 36.8% of the 523 attacks were aimed at corporate entities and their employees during the first half, Russian-origin cybersecurity firm Kaspersky has pointed out in its latest study. -
Aramco confirms data breach that entails $50m ‘ransom’ demand
Aramco has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it. -
Hackers steal 1 TB data from Saudi Aramco, put it on sale for $5 million
Hackers have stolen 1 TB of Aramco’s data through a zero-day exploit and are selling it for $5 million -
MENA facing new financial risk challenges due to pandemic: Refinitiv report
25 percent say that a data breach poses the most significant risk to business operations Refinitiv expert says deploying advanced technologies will be key to tackling financial crime Covid-19 pandemic has given rise to new financial risk challenges in the Middle East and North Africa (MENA) region, according... -
Abu Dhabi Police warns against fraud, scam calls requesting bank data
The police have warned people not to fall for small text messages that simulate government institutions Fraudsters obtain information about an individual's bank account and then steal their money The Abu Dhabi Police have warned people against a slew of cybercrimes that target people in the name of government... -
Cybersecurity expert Shenoy to expand Cyble footprint in META
Cyble was recognized by Forbes as one of the top 20 best cybersecurity startups to watch in 2020