GCC countries see sharp spike in financial malware in H1 2020: report

GCC countries see sharp spike in financial malware in H1 2020: report

Financial malware in the UAE increased by 42.5 per cent during the first half of 2020 compared to the same period last year, the latest findings by Kaspersky reveal.

The broader GCC region registered an increase of 45 per cent in financial malware within the same period, the report by the Kaspersky Security Network adds.

The highest increase in financial malware was in Oman with a staggering 72 per cent surge. Saudi Arabia follows with an increase of 55 per cent in financial malware.

The findings have also revealed that the UAE has seen a drop of 43 per cent in ransomware attacks. The country also saw a 35 per cent decrease in phishing attacks.

Read: Cybercrime worth $1.5 trillion a year: Thales report

Financial malware is aimed at stealing financial