ACN survey: 36% of GCC orgs see cyber losses

Arabian Computer News IT Security Survey publishes results, reveals grim picture

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ACN survey: 36% of GCC orgs see cyber losses
By  Stephen McBride Published  May 1, 2014

More than a third of GCC-based companies have experienced loss or damage as the result of cyber attacks, according to the findings of Arabian Computer News' IT Security Survey 2014.

The survey, conducted online between March and April this year, revealed that 36% of Gulf organisations had encountered some kind of loss or damage over the previous year, with 10% reporting multiple losses.

Cyber incidents caused system downtime or loss of productivity for 21% of respondents, while 15% experienced loss of data.

To a lesser extent, financial loss (5%); loss of reputation (3%); loss of customers (2%); and loss of physical assets (2%) were also cited.

Paul Wright is manager of the professional services and investigation team, Middle East, India and Africa at AccessData and a former UK law enforcement professional. Wright spent the last 10 years of his detective career specialising in Internet, network and computer investigations.

"According to the PwC Annual Economic Crime Report 2014, the future trend is alarming, as more than 38% of respondents in the Middle East indicated that they expect their organisations to suffer from economic crime over the next 24 months," he warned.

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