Arab Gulf States struggling with cyber risk and costs

The Arab Gulf States are struggling to deal with cyber risk, revealing at a Cyber Security conference in Abu Dhabi over the weekend that cyber attacks on key installation targets are costing them $1bn annually, and these figures exclude losses from attacks by hacker groups such as Desert Falcons, which target businesses. The environment in the UAE is open to cyber threats as 85% of its residents are online and the region is now the global leader in smart phone infiltration.

Cyber attacks cost Gulf states $1 billion annually

Gulf states are training the next generation of e-security technicians, the UAE Security Forum heard on Sunday.

Abu Dhabi - In 2014, the UAE saw a 400 per cent rise in targeted attacks, reaching nearly five per cent of the global total.

by Silvia Radan Published: Sun 21 Feb 2016, 11:00 PM Last updated: Mon 22 Feb 2016, 1:40 PM