£6 bn cyber-security spend by Middle East governments
Governments in the Middle East region are planning to spend an estimated £6 billion on cyber-security over the next four years according to a recent MarketsandMarkets report quoted by the Times of Oman (ToO) which notes that governments and private enterprises are collaborating to implement strict laws and regulations for securing networks to tackle the growing threat of cyber-crime
ToO also quoted a Cisco Annual Security Report as saying that the Middle East faces increasing malware threats particularly in the energy sector, one of the top five most-at-risk industries for malware last year, subject to a three times greater risk of malware compared to industry as a whole.During next year's International Security and National Resilience (ISNR) Abu Dhabi exhibition next year Infosecurity Middle East will be launched. Nicky Dawson, group exhibition director of ISNR Abu Dhabi commented: “Cyber-security was a key issue addressed during this year's World Economic Forum and governments around the world, including in this region, have identified it as a threat to national security. It is planned that there will be 500 plus exhibiting companies from 45 countries and up to 20,000 attendees from more than 90 countries during the three-day March 2016 event.