Nearly 60% of UAE, Saudi firms need to boost cybersecurity spending – report

Nearly 60% of UAE, Saudi firms need to boost cybersecurity spending – report

Mimecast has announced the publication of its annual (SOES) report. The global survey is based on responses from 1,700 IT and security decision-makers, providing readers with key takeaways on the current threat landscape and offering recommendations to help organisations improve their cybersecurity posture. The report sheds light on the threats affecting companies across the globe, including the UAE and Saudi Arabia. A total of 94 per cent of respondents from the UAE and 100 per cent from Saudi Arabia reported to have been targeted by emailed-based phishing attacks in the last year, but they all said that they either have a system to monitor and protect against email-borne threats or are actively planning to roll one out. As cyberattacks continue to become more sophisticated, business leaders in the region have shown greater willingness to confront the risks involved and invest in proper measures to keep cyberattacks at bay. On average, 95 per cent of companies in the UAE and Saudi reported needing stronger protection for their Microsoft 365 and Google Workspace applications, while 61 per cent said their company needs to spend more on cybersecurity. However, all companies reported some form of cyber awareness training at their workplace, thus indicating