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50 percent of GCC organisations cannot prevent cyber attacks

Thursday 31 March 2016 13:42 CET | News

Gulf Business Machines (GBM) has revealed that almost 50% of GCC organisations meet a deficit regarding means of preventing cyber attacks. 

The statistic is part of GBMs security survey with 700 executives and IT professionals as subjects, form UAE, Qatar, Oman, Bahrain and Kuwait. In terms of security investments, 71% of executives confirmed that their IT security budgets will either stay the same or decrease in 2016.

In response to whether their organisations hire external consultants to help guard against cyber threats, 48% of respondents said that their organisations conduct regular third-party security assessments, while 40% of organisations have a dedicated IT governance, risk and compliance function.


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Keywords: cybercrime, online security, risk management, Gulf Business Machines
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime