1 out of 2 Organizations In UAE Affected By Ransomware: Mimecast Report

In the UAE, 59% of cybersecurity leaders report that cyber attacks have increased or stayed the same over the past year, with 39% reporting significant downtime due to ransomware attacks.

Mimecast’s State of Ransomware Readiness 2 report is based on insights from more than 1,100 cybersecurity decision-makers in Australia, France, Canada, Germany, the Netherlands, the Nordics, Singapore, South Africa, the UAE, the UK, and the United States.


According to Werno Gevers, General Manager at Mimecast,

A cybersecurity expert at Mimecast, business and security leaders see ransomware attacks as virtually inevitable. “Almost 75 percent of businesses in the UAE reported they experienced a ransomware attack in the past year, ahead of a global average of 64 percent. The consequences can be devastating: a third of the UAE cybersecurity teams have experienced an increase in the number of absences due to burnout following an attack, while 23 percent have seen changes in the C-suite due to a successful ransomware attack.”

 

As a result of a ransomware attack in the past twelve months, 44 percent of UAE organizations have suffered a loss of revenue. This may partly explain why nearly half (46 percent) of cybersecurity professionals in the UAE are considering leaving their role in the next two years due to stress or burnout, with 73 percent of cybersecurity leaders in the region saying their role gets more stressful every year.

Gevers says the research also found that 94 percent of global cybersecurity leaders believe more budget is required to combat ransomware, with 24 percent of the UAE organizations seeking an increase of 11 percent to 20 percent in their annual cybersecurity budgets.



Cybersecurity leaders need to focus on proactively reducing the chances of a ransomware attack causing disruption. Organizations need integrated security tools to improve threat detection capabilities and relieve pressure on busy security teams. Good fundamental security practices must be in place to reduce vulnerabilities, and security teams need to evaluate crisis planning to understand the real consequences of an attack. It is also essential that leaders acknowledge that cyber risk is a business risk and not leave the financial and personnel resource burden to only IT teams.

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