The true cost of ransomware in the Middle East

The Middle East is especially vulnerable to ransomware because enterprises in the region have had relatively little experience with remote work and off-premises data storage. The nature of such attacks has also evolved.

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Criminals go where the money is, as the old saying goes, and nowhere is this more true than cyber-crime. As more and more criminals are able to successfully extort organisations into paying them huge amounts of money at the threat of bringing down their businesses; extortion based cyber-attacks are skyrocketing, with ransomware leading the pack.

A recent midyear report from Checkpoint highlighted that ransomware attacks have increased by 93% in 2021 compared to the same period last year with the Europe Middle East and Africa ( EMEA ) region seeing some of the highest growth .

Other security firm report similar findings. In its latest The State of Ransomware 2021 report, for example, Sophos reported that 38% of the UAE tech executives polled said they were attacked with ransomware during the past year.

Middle East is vulnerable to ransomware

Attackers using ransomware are taking advantage of newly remote workers as well as more sophisticated hacking techniques. The Middle East is especially vulnerable to ransomware because until recently, enterprises in the region have had relatively little experience with remote work and off-premises data storage.

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