While AI accelerates the detection and management of threats, cybercriminals also leverage this technology for sophisticated attacks, says WEF's cybersecurity expert Filipe Beato.

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.

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.

The bill must also be approved by the senate before being ratified by King Abdullah II and published in the official gazette.

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.

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.

"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.

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...

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...

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.

Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses.

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.

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.

The attacks reportedly focused on sovereign institutions, financial and economic targets, and even individuals.

Hackers seized data of more than 515,000 extremely vulnerable people.

The ring had infected 1 million devices to carry out its work.

The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.

A hacking group known as Black Shadow claimed responsibility for the attack.

The sites are advertising fake offers and requesting bank details.

DeFi platform Poly Network said on Twitter on Wednesday that the threat actor or actors had already returned cryptocurrency worth $4.77 million.

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 has acknowledged that it had seen a data breach that has a potential $50-million “ransom” demand attached to it.

Hackers have stolen 1 TB of Aramco’s data through a zero-day exploit and are selling it for $5 million

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...

  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...

Cyble was recognized by Forbes as one of the top 20 best cybersecurity startups to watch in 2020