Cybercrime among focal issues at event

01 August 2015

Infosecurity Middle East is a highly respected international brand in the information security industry and in 2016 will be a co-located exhibition with ISNR. It will provide an opportunity for regional governments, critical infrastructure, major public institutions, IT security firms, and cyber-security professionals to review the latest trends and innovative solutions to ensure the security of business information and IT infrastructure.

Countries across the world see cyber-crime as a growing threat, and are set to invest heavily on cyber security over the next four years.

In 2014, according to a security report by PricewaterhouseCoopers (PwC), the number of information security incidents rose by 48 per cent to 42.8 million, compared with 2013.

The Cisco 2014 Annual Security Report documents unprecedented growth of advanced attacks and malicious traffic against the Middle East region; particularly in the energy sector, which is among the top five most-targeted industries by cyber-criminals and malware attacks in 2014, according to report.

Additionally, the global energy sector was subject to a 300 per cent higher malware encounter rate than the median industry. This indicates that investment in cyber security is a critical issue for governments and corporations alike.

Another report by MarketsandMarkets shows that regional governments will have to spend upwards of $9.5 billion on cyber-security by 2019 to support governments and enterprises collaboration to implement strict laws and regulations for securing networks.

Nicky Dawson, group exhibition director, Reed Exhibitions, noted that cyber security requires constant follow up of the latest solutions, advanced technologies that are rapidly evolving. She also said that the constant change and evolution of the internet and related technologies paves the way for further cyber attacks against governments and businesses alike both regionally and internationally.

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