Financial Cyberthreats Targeting Bahrain Businesses Drop by 52 Percent

by BTM

Sun, 06 November 2022

Financial Cyberthreats Targeting Bahrain Businesses

Kaspersky’s recent Financial Cyberthreats report has stated that attacks are becoming increasingly corporate rather than consumer focused. According to Kaspersky Security Network, financial threat detections targeting businesses were growing in the Middle East in Q2 2022. Financial phishing aimed at organisations also stay high.

Business-related financial threat detections increased nearly fourfold in the Middle East in Q2 – by 286 percent compared to the previous quarter. These detections are specific to Banking Trojans, which is a malware commonly used to steal data stored or processed through online banking systems, e-payment systems and plastic card systems. 

As for Bahrain, it saw a decrease by 52 percent in Q2 of 2022 compared the Q1 of the same year. Financial threats targeting businesses in Saudi Arabia and Qatar also witnessed a decrease in the same type of threats.

According to the Kaspersky telemetry, in the first half of 2022, a total of 99,155 financial phishing attacks aimed at organisations were detected and blocked by Kaspersky solutions in Bahrain. Majority of them (82 percent) were targeting banks, while 10 percent were for online shopping outlets, and 8 percent were against payment systems such as PayPal, ApplePay and others in the country.