Sunday, October 24, 2021
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Growth In Cybercrime In The Middle East

by BTM

Sun, 07 February 2021

Growth In Cybercrime In The Middle East

Experts at the global cybersecurity company Kaspersky expect growing economic turbulence, along with the impact of COVID-19, to contribute to an increase in cybercrime across the Middle East. These and other findings are documented in Kaspersky’s new report Kaspersky Security Bulletin: Cyber threat estimates for 2021 in META region.

“Even though every country globally has had to deal with the pandemic in its own way, developing economies across Middle East have been especially hard hit by national lockdowns and limited business activity. Thanks to the increased connectedness of people, the rise in unemployment will not only see a spike in traditional crime, but this will also extend to the digital environment – something we are already seeing,” said cybersecurity expert for Kaspersky, Dmitry Galov.

Adding further pressure to this melting pot of cyberattacks is an expected rise, along with changes in strategy, in Advanced Persistent Threats (APTs). Compounding this is the concern around hackers-for-hire and cyber mercenary groups targeting SMEs and financial institutions.

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