The New Reality of E-crime and Cyber Resilience
Inthis digital age, it’s difficult to imagine life without technology where information is disseminated incessantly around cyberspace. Although the new era of digitization offers huge economic and social opportunities, it also alters the nature and magnitude of cyber risks and creates new vulnerabilities cyber attackers seek to exploit. An open, safe and secure cyberspace is indispensable for the reliable functioning of regional economies.
Cybercrime is estimated to cost the world a whopping USD10.5 trillion annually by 2025. Just in 2021 alone, at an approx. rate of USD190,000 per second, Cybercrime is estimated to inflict damages worth USD6 trillion globally and that would be the world’s third-largest economy after the U.S. and China – If it were measured as a country. The latest forecast for global ransomware damage costs is to reach $20 billion by 2021 way more than it was in 2015.
The Middle East cybersecurity market is projected to grow from USD15.6 billion in 2020 to USD29.9 billion by 2025, at a CAGR of 13.8% during the forecast period in the post-COVID era.
The Middle East countries are led by UAE and Saudi Arabia – two nations with a young digitally connected population that are undergoing digital transformation at a rapid speed envisioning transition into global smart nations by innovating and deploying world-class disruptive technologies for better connectivity. Recent figures show that over 50% of UAE businesses reported a cybersecurity breach with only 50% having cyber-attack contingency arrangements in place. Industry gurus have predicted that if digital businesses do not act on this information, they will suffer major service failures due to the inability of IT security teams to manage digital risk. With cyber-attacks becoming a priority global concern, especially in the Middle East, UAE has built key strategies to combat the evolving issue of cybersecurity and be a Cyber-resilient nation.
In a world that is more digital today than it was yesterday, the traditional approach to cybersecurity just doesn’t stand a chance!
The E-Crime & Cyber Resilience Summit focuses on solutions to all the major factors driving the cybersecurity market such as an increase in the frequency and sophistication of cyber-attacks, the emergence of disruptive digital technologies, stringent data protection regulations for information security, and an increase in the number of supply chain-based attacks exploiting the software supply chain.
At the E-Crime & Cyber Resilience conference, you will rub shoulders with the leading CISOs, Heads of IT, and digital transformation leaders from various industry verticals across the Middle East.
- Government & Public Sector
- Banking & Financial Sector
- Retail & Ecommerce
- Oil & Gas
- Travel and Hospitality
- Head of information security
- Heads of eCrime Unit
- CIO/CTO/SVP/VP IT
- Chief Data/ Digital transformation Officers
- Heads of Risk & Compliance
The current digital age has transformed the way we live our lives with plenty of online communication, commerce, social media, distant digital workforce and convenient living facilitated by digital devices and networks around us. While our dependence for technology is becoming a necessity, we aren’t doing enough to protect ourselves. Cyber criminals, hacktivists, and state actors are constantly targeting our freedom, private lives, personal details, sensitive corporate information while we digitize our personal and corporate infrastructures.
MENA E-Crime & Cyber Resilience summit is the first of its kind summit in the region that focuses on best practices, innovative technologies, real-time case studies and thought leadership from global cybersecurity leaders in an educational environment. Topics covered at this summit unearths the latest cutting-edge technologies and innovations along with a 360-degree view of evolving cybersecurity landscape and how to combat cyber criminals with peer-reviewed solutions to be cyber resilient. At this summit, the delegates will take home tons of actionable insights to strengthen their organisation’s cybersecurity strategy by staying abreast of relevant data-protection policies and regulations necessary to safeguard one’s organization's integrity.
Be a part of this platform wherein we will extensively discuss Proactive threat hunting, Zero-trust model, industrial cybersecurity, Crisis Management, Cyber insurance, Anti-Money Laundering and other topics that matter the most in this digital world!