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There’s been some alarming research coming out of international cyber security experts* showing that malware attacks are on the rise in the UAE. The research shows the attacks shot up by 12% in Q1 of this year compared to the first three months of last year.
Focus your minds on this! Over Q1 this year, some 23.4 million malware threats were reported in the UAE and 1.1 million phish attacks – that’s an average of over 12,000 threats every day!
Mobile uses are proving even more vulnerable. Some 52,607 mobile malware attacks in the UAE spiked by 20% year-on-year.
Experts put the rising trend down to a culmination of factors, among them:
Inappropriate use of employer’s IT property
Unsecured sharing of company data via personal mobile devices
What the research makes plain is that threats don’t just come from outside an organisation, they can be instigated by those inside - and its time companies woke up to the fact that security within would lessen the threat from without.
Plan against it:
A complete 360 degree inside-out, outside-in cyber security plan is now as essential to a business as a sales or growth strategy – because both the latter can be stopped in their tracks by one successful cyber-attack. The risks are too great to be ignored.
Just one successful attack could result in:
Production losses by enforced critical downtime
Huge reputational damage which could prove massively costly to rectify both in terms of time and money
Fall-off in consumer trust which could force even the most loyal into your competitors’ arms
Loss of vital corporate and financial information
Fines from regulatory authorities for breach of any legal requirements such as those inherent in Bahrain’s new game-changing Personal Data Protection Law (PDPL) which comes into force in August this year.
Who Needs A Cyber Security Plan?
Just about everyone. SMEs would be making a big mistake thinking that only enterprise-level organisations are at risk. The facts prove just the opposite, indeed SMEs account for the majority - 58% - of malware attacks. **
Why the Trend’s Growing:
There are several factors at play here. Firstly, the threats are becoming more frequent and ever more complex. Added to that is the move towards a mobile, modern workplace which means that company data is now been accessed from everywhere and from a range of mobile and personal devices. Also, cybercriminals have realised that employees could be their easiest gateway into company resources – proof, if any more was needed, that cyber security training for staff should be an integral part of any plan.
How Do We Plan?
Seek advice – from people like Cobweb. Think of us as your cyber security broker – much as you may go to a broker for an insurance policy. We can help you prevent and mitigate issues. We would take an in-depth look at your business and determine the best course of action when it comes to cyber security ensuring it covers all stages of the process - prediction, prevention, detection and response.
Cobweb believes that moving to cloud services, such as Microsoft Office 365 and Azure, is the best way to stay secure and productive and with new Microsoft data centers soon to open in Abu Dhabi, Dubai and Bahrain, the time to make the transition couldn’t be better.
There are a whole range of tools that can help you boost security and maintain productivity and Cobweb knows them all. We can suggest your best way forward, help you implement or migrate security solutions, help educate and train your staff, support your in-house teams, or undertake the turnkey implementation.
To put it into stark perspective, industry analysts say malicious or criminal attacks are behind 61% of data-breaches in Saudi Arabia and the UAE, so it makes the utmost sense to guard against them. Threats are not going away – they could even become more frequent and every more complex – take steps now to ring fence against them and ensure you’re not among those growing victim’s statistics.
** Verizon’s 2018 Data Breach Investigations Report
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