Can regional firms afford cybersecurity breaches amid virus concerns?
- Date: 26-Sep-2020
- Source: Gulf Business
- Sector:Technology
- Country:GCC
Can regional firms afford cybersecurity breaches amid virus concerns?
It is not every day that we see news headlines that look like they've been pulled from sci-fi film scenes. This year has truly obscured the lines between fiction and reality as we continue to battle invisible threats, both from a coronavirus pandemic and from cybercriminals.
Unlike movies though, which often depict cybercrime as a battle between good and evil, where mastermind hackers alternate between taking down and restoring systems as part of a major plot, the truth is that cybercriminals aren't always antagonists with a cause - most can execute successful attacks with minimal knowledge and a basic motivation to steal.
After all, cybercrime is forecast to cost the world about $6 trillion by 2021 according to the Global Foundation for Cyber Studies and Research.
Closer to home, a 2020 study
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