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FINANCIAL NEWS
MENA governments to invest USD9.5b on cybersecurity
12 Jul 2015
(MENAFN) According to experts’ points of view regional governments are considering together to invest massively on cybersecurity over the next four years due to increasing cybercrimes, Saudi Gazette stated.
A recent MarketsandMarkets report predicted that while governments and enterprises cooperate to apply strict laws and regulations for securing networks, they will spend over USD9.5 billion on cybersecurity by 2019.
Last year, a tremendous 42.8 million information security incidents were recorded globally, up 48 percent from the previous year, Pricewaterhouse Coopers stated in its report “An industry on the rise.”
The Middle East Malware faces growing malware threats from cyber-attacks, specifically in the energy sector, which was noticed as the global top five most-at-risk industries for malware in 2014.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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