MENA UNDERESTIMATES CY­BER­CRIME

Qatar Today - - AFFAIRS -

Ac­cord­ing to EY's lat­est Global Fraud Sur­vey, only 29% of ex­ec­u­tives in the Mid­dle East rec­og­nize cy­ber­crime risk, com­pared to 47% glob­ally. Michael Adlem, EY's MENA Fraud In­ves­ti­ga­tion & Dis­pute Ser­vices (FIDS) Leader, says: “As the use of tech­nol­ogy to dis­rupt or­gan­i­sa­tions' sys­tems be­comes in­creas­ingly ram­pant, com­pa­nies are be­com­ing more and more sus­cep­ti­ble to cy­ber breaches. How­ever ex­ec­u­tives in the Mid­dle East do not rec­og­nize cy­ber­crime as a high risk. This hints at two pos­si­bil­i­ties: either ex­ec­u­tives in the Mid­dle East are overly op­ti­mistic and be­lieve their sys­tems are more so­phis­ti­cated than those glob­ally, or - there is a gen­eral lack of aware­ness around the sub­ject, which is why man­age­ment does not view it as a con­cern. To com­bat such threats, it is im­per­a­tive that or­gan­i­sa­tions de­velop a cy­ber­breach re­sponse plan that brings to­gether all parts of the busi­ness in a cen­tralised re­sponse struc­ture.”

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