logo
Cyberattacks in the Middle East tripled in Q1 2024: study

Cyberattacks in the Middle East tripled in Q1 2024: study

Trade Arabia16-10-2024

In Q4 2023, the number of successful cyberattacks in the Middle East doubled compared to the same period the previous year, and in Q1 2024, it tripled.
This is according to Positive Technologies, a leader in result-driven cybersecurity, which announced the findings of its latest study on cyber threats in the Middle East during its participation at Gitex 2024.
In this study, it noted a significant increase in hacktivist attacks amidst the escalation of geopolitical conflicts. Moreover, the Middle East was a frequent target of APT (advanced persistent threat) groups. As of Q2 2024, every second successful attack against organisations resulted in a data breach—the most frequent consequence of cyberattacks in the region during the studied period.
Hacktivist attacks
Irina Zinovkina, Head of Information Security Analytics Research at Positive Technologies, commented: "The surge in hacktivist attacks in the Middle East indicates a shift in modern conflict strategies, with cyberattacks becoming an inherent component. Our forecasts suggest that rising tensions in the region can lead to more DDoS attacks on media and government institutions. Additionally, if groups form alliances, they could execute large-scale cyberattacks with greater destructive potential."
APT groups in the region conducted complex and prolonged cyberattacks to steal data, gather information, or disrupt organisational operations. Nearly every cybercriminal group studied targeted government institutions at least once. Additionally, 69% of these groups focused on the energy sector, indicating their intent to disrupt critical infrastructure.
The public sector was the most targeted industry, making up 24% of all cyberattacks on organisations. Government institutions store and process vast amounts of confidential data, which can be a goldmine for cybercriminals. In the first half of 2024, 16% of dark web listings for information from government companies were related to Middle Eastern countries.
The manufacturing sector comes in second among the most targeted sectors (17%) and also faces cyberthreats involving wipers. Wipers erase data on compromised ICS devices, causing major disruptions to critical infrastructure. In attacks on Israeli companies, the BiBi wiper was used, rendering the data of targeted systems inaccessible or unusable. Overall, malware remained the most popular tool for attacking organisations in the region.
Cybercriminals also targeted institutions using social engineering tactics (54%), even leveraging AI technologies. With the advancement of generative AI systems, the amount of malicious content surged, and email phishing attacks skyrocketed by 222% in H2 2023 compared to H2 2022.
Data breaches
Experts at Positive Technologies found that the primary consequence of successful cyberattacks on organisations in the Middle East was data breaches. In Q3 2023, these accounted for 35%, and by H2 2024, they surged to 49%. The average damage from cyberattacks on organisations in the region is almost double the global average.
Given the heightened activity of cybercriminals in the region, experts recommend that companies adopt result-driven cybersecurity, a proactive approach to building cyber resilience. Result-driven cybersecurity helps build a comprehensive automated defense system against non-tolerable events—consequences of cyberattacks that could prevent an organisation from achieving its operational or strategic goals. The approach based on result-driven cybersecurity leverages cutting-edge security tools, including:
•SIEM systems (security information and event management) for continuous monitoring of cybersecurity events and rapid detection of cyberattacks
•Specialised solutions for traffic analysis and detection of suspicious activity in industrial control systems—essential for manufacturing companies
•EDR systems (endpoint detection and response), designed to protect your endpoints from sophisticated and targeted attacks
•Advanced sandboxes for detecting complex and unknown malware
•NTA products (network traffic analysis) for proactive cyberthreat hunting in your network
•VM systems (vulnerability management) for automated IT asset management, as well as rapid detection and elimination of current vulnerabilities

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chad Suspends U.S. Visas After Trump Revives Travel Ban on 12 Countries
Chad Suspends U.S. Visas After Trump Revives Travel Ban on 12 Countries

Daily Tribune

time6 days ago

  • Daily Tribune

Chad Suspends U.S. Visas After Trump Revives Travel Ban on 12 Countries

Chad's President Mahamat Idriss Déby announced on Thursday that his government will suspend the issuance of visas to U.S. citizens. The decision comes a day after U.S. President Donald Trump reintroduced a travel ban targeting 12 countries, including Chad, citing national security concerns. President Trump's policy—which echoes a controversial hallmark of his first term—targets countries he claims have 'deficient' screening and vetting procedures or have historically failed to repatriate their citizens who overstay U.S. visas. The list includes Afghanistan, Myanmar, Chad, the Republic of Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan, and Yemen. Additional travel restrictions will be imposed on visitors from seven other nations. Chad's President, in a strongly worded statement posted on Facebook, declared the suspension of U.S. visa processing in Chad, framing it as an issue of national dignity and sovereignty. 'Chad has no planes to offer, no billions of dollars to give—but Chad has his dignity and pride,' Déby wrote, making a pointed reference to a $400 million luxury aircraft gifted by Qatar to his administration. The announcement has added to a wave of criticism from African nations affected by the ban. In the Republic of Congo, government spokesperson Thierry Moungalla called the U.S. decision a 'mistake,' attributing it to a misunderstanding involving an armed attack in the United States. He asserted that Congo is neither a terrorist hub nor associated with any extremist activities, and expects diplomatic clarification soon. Sierra Leone, which faces heightened travel restrictions rather than a full ban, also responded diplomatically. Information Minister Chernor Bah affirmed the country's commitment to working with U.S. authorities to address concerns and ensure progress on bilateral relations. The renewed travel ban is expected to take effect Monday at 12:01 a.m. Washington time. Analysts predict this move will further strain U.S. relations with several African and Middle Eastern nations, especially as they voice concerns about fairness, transparency, and the implications for diplomacy and migration.

"What's Fueling the Future?" Energy Experts Map Out the Region's Next Frontier
"What's Fueling the Future?" Energy Experts Map Out the Region's Next Frontier

Daily Tribune

time27-05-2025

  • Daily Tribune

"What's Fueling the Future?" Energy Experts Map Out the Region's Next Frontier

TDT | Manama Industry leaders gathered at the Middle East Petroleum and Gas Conference (MPGC 2025), held at the Four Seasons Hotel in Bahrain, to exchange insights on the evolving energy landscape, focusing on the theme 'Navigating the Energy Frontier: A Middle Eastern Perspective.' Opening the discussion, Alexander Van Veldhoven, Group Chief Strategy Officer at Bapco Energies, highlighted the pressing challenges in energy efficiency and infrastructure. 'Energy efficiency is crucial—but the practical concern right now is comparative pricing and land availability,' Van Veldhoven said. 'One solution could be sourcing land in Saudi Arabia to begin interconnection projects.' He also expressed skepticism about labeling gas as a transitional fuel, noting that hydrogen, while promising, becomes prohibitively expensive when it comes to transportation. 'For hydrogen to be viable, we must focus on affordable transport and supporting infrastructure,' he added. Joining the panel was Musaab Al-Mulla, Vice President of Market Analysis & Sustainability at Aramco, who emphasized the strategic importance of energy in economic transitions, particularly in emerging regions. 'Energy is at the heart of economic transformation,' Al-Mulla stated. He pointed to disparities in energy transitions across continents, particularly between India and Africa, as a sign of the complex path ahead. 'Our 2025 target is for renewables to make up 50% of our energy mix,' he revealed. 'By 2030, we plan to further scale up gas usage to meet growing demand.' The discussion reflected the Middle East's critical role in balancing traditional energy exports with ambitious sustainability targets, underscoring the importance of regional cooperation, strategic planning, and investment in technology and infrastructure. MPGC 2025 continues to serve as a key platform for dialogue between policymakers, energy executives, and industry analysts, as the region works toward a more resilient and diversified energy future.

UAE Fines 23 Companies Dh610,000 For Violating Global Tax Reporting Rules
UAE Fines 23 Companies Dh610,000 For Violating Global Tax Reporting Rules

Gulf Insider

time26-05-2025

  • Gulf Insider

UAE Fines 23 Companies Dh610,000 For Violating Global Tax Reporting Rules

The Financial Services Regulatory Authority (FSRA) of ADGM in Abu Dhabi on Monday announced Dh610,000 fine on 23 companies for violating reporting and tax regulations. The companies have been fined under the Common Reporting Standard Regulations 2017 and/or the Foreign Account Tax Compliance Regulations 2022, which require entities to collect and report information on foreign account holders to help combat international tax evasion. The regulator added that action has been taken for compliance breaches and failures to submit risk assessments, required annual information returns, follow due diligence procedures, report information in a complete and accurate manner, and collect valid self-certification forms. The UAE entered into agreements with other countries for global tax transparency by facilitating the automatic exchange of financial account data between different jurisdictions. In April, FSRA imposed millions of dirhams fines on the Hayvn Group of Companies, its former CEO Christopher Flinos and related entities after an investigation found serious regulatory breaches and misconduct into regulatory breaches and misconduct. Emmanuel Givanakis, CEO of the FSRA at ADGM, said this decision reflects UAE's commitment to financial transparency and alignment with global commitments to information exchange. 'We are committed to identifying and addressing practices that do not meet our commitment to combat tax evasion through implementing robust and effective regulations in line with leading global standards of compliance and reporting responsibility,' said Givanakis. Earlier this month, the Registration Authority (RA) of ADGM joined the Enforcement Working Group (EWG) of the International Forum of Independent Audit Regulators (IFIAR), making it the only member in the group from the Middle Eastern region.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store