DUBAI: Cybercrime attacks could double over the next two years and cost Saudi Arabia’s economy up to SR30 billion ($8 billion) by 2020, according to security experts who warn the Kingdom is the most targeted county in the GCC for online fraudsters.
While Saudi Arabia is stepping up the war against cybercrime, the Kingdom must invest in training its own security professionals, expand its pool of skilled workers and strengthen its cybersecurity regulation to become more resilient against emerging attacks.
“Based on our relationship with key Saudi clients, we see that cybercrime in Saudi is growing faster than in most of the countries in the world, with more than a 35 percent increase in the number of attacks during the past year,” said Simone Vernacchia, a partner in Digital, CyberSecurity, Resilience and Infrastructure for PWC Middle East.
“Based on our experience in the GCC, Saudi is being targeted more frequently, and the cost of cyberattacks is 6 to 8 percent higher than in the rest of the GCC countries. The Saudi economy provides a more appealing target for cyberattackers.”
Vernacchia said it can be difficult to measure the true direct and indirect cost on Saudi Arabia’s economy each year.
“This said, we would expect direct and indirect costs arising from cyberattacks to total $3 to $4 billion (SR11.25 billion to SR15 billion) for 2018,” said Vernacchia.
“Assuming the growth will not be affected by large-scale events, we expect the direct and indirect impact of cyberattacks to grow up to $6 to $8 billion (SR22.5 billion to SR30 billion) by 2020. Among the major external events that can affect this figure, uncertainties in the region can result in an even more aggressive surge of cyberattacks.”
Vernacchia said there was a lack of willpower in organizations to invest in security measures, and urged them to invest in the manpower and technology that will enable them to become more resilient in the face of growing attacks. While Saudi is “not completely unprepared,” most businesses in the Kingdom are investing in cybersecurity far less than the leading countries.
“We see the average investment in cybersecurity awareness and capability to be on average about 60 percent lower in Saudi Arabia than what is invested by organizations of the same size in leading countries.
“This is a result of limited regulatory requirements for private entities, as private companies are trading the immediate benefit of spending less on cybersecurity protection with the high cost of one — or more — potentially highly effective targeted cyberattacks.”
An increase in cybersecurity regulation could also strongly limit the growth of cyberattacks, Vernacchia said. “The limited amount of cybersecurity-related regulation is a key issue, as it’s having two key effects. On one hand, some businesses are underestimating their exposure, and thus not investing in cybersecurity as they should — de facto increasing their risk. Other businesses are waiting for regulation to be drafted before investing in cybersecurity, in fear that the organization, processes and solutions they would implement may not be in line with the regulatory requirements which are coming.”
Amir Kolahzadeh, CEO of cybersecurity firm ITSEC, said Saudi-based business are reluctant to invest in adequate cybersecurity measures as they fail to recognize the long-term value of the initial investment needed.
“The core issues that every business is looking at in cybersecurity is a line item expense instead of looking what the cost would be if there is a breach,” he said. “This is a worldwide epidemic at the moment. However, it is much more evident in the GCC due to lack of truly trained IT security professionals who can show the business acumen, foresight and the communication skills to demonstrate that potential losses are exponentially greater than the cost of securing the enterprise.”
David Michaux, of online security company Whispering Bell, said as Saudi Arabia forges ahead with its knowledge-based economy and becomes “more online,” the potential for attacks will grow.
With Saudi Arabia’s Vision 2030 of a “knowledge economy,” growth in the ICT will be fueled by digitization — including IT innovation, big data projects, smart city initiatives, and cloud-based services. In addition, Saudis are among the most active social media users in the world — and largest adopters of Twitter in the Arab region.
Mathivanan V., vice president of ManageEngine, said while Saudi Arabia has taken “significant steps” to achieve cyber-readiness, including the introduction of the National Authority of Cyber Security which aims to enhance the protection of networks, IT systems, and data through regulatory and operational tasks, he warned that sophisticated cyberthreats have evolved in the wake of digitization and urged companies to better employ sustainable IT practices and state-of-the-art cybersecurity tools.
“A trained security professional cannot win the battle against cybercrime with just a mere knowledge of IT security,” he said. “What he needs is the right weapon to master the art of cybersecurity.”
James Lyne, head of R&D at SANS Institute, which specializes in information security, said given Saudi Arabia’s visible agenda to lead the charge in smart cities, connected industry and to develop a knowledge economy, it is key that the Kingdom also has an equally ambitious cybersecurity skills strategy.
“A gap between the two will lead to substantial attacks and reputation damage for the region,” he said.
“Firstly, Saudi Arabia needs more cybersecurity practitioners overall — particularly with the ambitious development projects being undertaken as part of the Kingdom’s 2030 Vision. Secondly, existing cybersecurity practitioners also have to continue to sharpen their skills to increase the depth of their expertise.”
He urged companies not to ignore the fact that employee behavior is a weak link in cybersecurity and is becoming an increasing source of risk.
“Many of the breaches that occur still take advantage of basic cybersecurity failures and, as such, education has to be a huge part of the solution. Everyone in Saudi Arabia has a role to play in making sure that cybercriminals get fewer clicks on their nasty emails, documents and phishing links.”
He said it was difficult to truly grasp the overall financial figures associated with cybercrime.
“That said, even the tip of the iceberg that we do see is very substantial and it has already been demonstrated that Saudi Arabia is a major target. Given attackers have already had success compromising facilities, it is extremely likely other cybercriminals will follow.”
KSA must become more resilient against cyberattacks
KSA must become more resilient against cyberattacks
- Healthcare data is of particular interest to hackers because it can be used to blackmail people in positions of power
- A trained security professional cannot win the battle against cybercrime with just a mere knowledge of IT security
French creatives bring enchanting art experience to Jeddah
- For ‘ETH3R,’ Paul Marlier translates dancer Jeanne Morel’s graceful movements into digital art
JEDDAH: Artist Paul Marlier and dancer Jeanne Morel have brought an interactive digital art display dubbed “ETH3R” to Jeddah’s cultural hub, Hayy Jameel.
The French creatives feature immersive artworks generated using the biometric data of Morel captured during her movement in extreme environments — including in zero-gravity.
The unique blend of technology and creativity has captivated audiences with its perspectives on reality, and contrasts with the often mundane nature of daily life.
In an interview with Arab News, Marlier spoke about the creative process behind their digital artwork. He also highlighted the production of artworks inspired by the human and scientific data he had gathered.
“It is a real pleasure to be here, particularly in Hayy Jameel, where we blend art and science to create a sensory experience like no other,” he said. “It represents the DNA imprint of the world — the dance of our souls.”
He added: “ETH3R encompasses paintings and dynamic installations derived from the biometric data of my wife, Jeanne Morel, who dances in diverse and extreme environments, from beneath the ocean depths to high-altitude astronaut training.”
Marlier has amalgamated this scientific data regarding human physiology with other information, including air quality, satellite imagery, and even facts from the Red Sea. “These artworks serve as emotional imprints, reminiscent of moments of grace. It’s truly a collaborative effort.”
Explaining the process, he added: “With Jeanne as the catalyst, adorned with sensors akin to a paintbrush, her dance emotions are translated through code into the digital art seen in the paintings. We explore themes of fragility, spirituality, and the inherent unity between humans and nature — the universal dance.”
“We approach data not as mere codification, but as sensations, enabling us to specify and share the experience. By capturing a wealth of information from this singular dancer, we endeavor to materialize the essence of grace,” Marlier said.
Morel added: “Dance is the way to express your deepest emotions, sometimes simpler than words.”
“Dance is the allegory of life. It allows me to stay alive, connected to the movements of the world. Our bodies are constantly dancing, moving, on this earth which itself dances around the sun and remains in balance thanks to gravity,” she added.
Of their first visit to the Kingdom, Marlier said: “The people are absolutely welcoming here. And spirituality and poetry are so present.”
Morel added: “We admire the spirituality and also the open-mindedness of this country regarding art and especially digital art.”
Waleed Harthi, an art enthusiast, said: “Witnessing art that exceeds boundaries was a mesmerizing journey, captivating our senses and sparking wonder at the fusion of art and technology. The live demonstration and dance were incredibly relaxing and offered a serene escape to some other imaginary world.”
The exhibition runs until May 11.
Saudi FM discusses developments in Sudan with army chief, RSF leader
- During the separate calls, the latest developments in the situation in Sudan and their repercussions on the Sudanese people were discussed
RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan spoke with Sudan’s Sovereign Council Chief General Abdel Fattah Al-Burhan and the leader of Sudanese paramilitary Rapid Support Forces Mohamed Hamdan Dagalo on Wednesday.
During the separate calls, the latest developments in the situation in Sudan and their repercussions on the Sudanese people were discussed, Saudi Press Agency reported.
Prince Faisal stressed the importance of working to protect Sudan and its people from further destruction and preventing the worsening of the humanitarian conditions there.
The minister also said it was important to prioritise the interests of the Sudanese people and stop the fighting to protect state institutions and bring about safety in Sudan.
Farasan Island celebrates 20th Hareed Fishing Festival
- Event showcases tourist activities such as parasailing, traditional folk dances
RIYADH: Fishermen from the Jazan region have started preparing for the 20th Hareed Fishing Festival, which begins on Thursday.
The festival, which takes place on Farasan Island and lasts for two days, celebrates the fishing of parrotfish, otherwise known as hareed.
It showcases various tourist activities such as parasailing, traditional folk dances, and competitions for catching the fish, which is difficult due to their survival instinct which leads them to hide by corals.
Hareed are traditionally caught close to the shore in nets. The brightly colored fish come in different sizes and change color as they grow, the color varying according to their sex. They are considered parrot-like as they have teeth that they use to scrape food off coral reefs.
The fishing season varies across the region’s waters. In the past, the people of Farasan celebrated the event by visiting newlywed brides wearing traditional dress, while women and children joined in the festivities at her home.
Visitors to the festival will also get the chance to explore the heritage sites in Farasan, which include Wadi Matar, Al-Qassar village and Bait Al-Jarmal, along with several historic houses.
The island boasts a unique cultural heritage which centers on sailing and pearl-diving experiences in the past.
Jazan Gov. Prince Mohammed bin Nasser is launching the festival, which is organized by the region’s branch of the Ministry of Environment, Water and Agriculture, in partnership with the islands’ governorate.
Mohammed Al-Atif, the general director of the branch, said that the festival embodied the customs and traditions of the people of the Farasan Islands and was considered an annual event to highlight the region’s tourism potential.
He added that the festival also celebrates hareed, which appears at the same time each year and proves a major attraction for people in the Jazan region.
Riyadh hosts food technology and innovation show
- Industry giants showcase latest in processing, sustainability
RIYADH: More than 400 companies from 35 countries are taking part in the first Saudi Food Manufacturing show, which opened in Riyadh on Tuesday.
Held under the patronage of Saudi Minister of Industry and Mineral Resources Bandar Al-Khorayef, the event focuses on processing, packaging and ingredients and aims to facilitate high level business deals, connections and collaborations.
Three companies that won a Saudi Food Manufacturing Award at the event — Multivac, DC Norris and Brenntag — spoke to Arab News.
Amir Sotoudeh, managing director of Multivac, said the German firm won the Best Processing Innovation Award for its TX series and smart services at Gulfood Manufacturing.
The company has had a branch office in Riyadh since 2009 and the Kingdom is the company’s largest market in the Middle East.
“Saudi Arabia is a significant market, especially in recent years, with major developments focusing on local production and manufacturing. That’s where our technology and expertise as a market leader in processing and packaging are essential.”
DC Norris is a UK-based process equipment company serving 62 countries. It provides solutions for food, dairy and beverage manufacturing and won the Best Processing Manufacturing Award.
Stuart Rigby, product and process technology manager at DC Norris, said the company’s jet cook system, which is used in Saudi Arabia, Qatar, Dubai and Azerbaijan, was able to cook meals two to three times faster than traditional methods.
“It also uses considerably less water, resulting in zero burns, requiring less cleaning and reducing costs. Additionally, it consumes up to 55 percent less energy than traditional cooking methods,” he said.
Brenntag, a 150-year-old German company, is the global market leader in chemical and ingredient distribution. It won the Best Ingredients Innovation Award.
Mahaboob Shaik, technical sales manager at Brenntag, said: “We have replicated the characteristics of regular milk-based proteins and constituents using plant-based alternatives. We’ve developed a Greek-style feta cheese made from plant-based ingredients.
“This helps to reduce allergens like milk proteins in dishes like Caesar salad. Now, when you order a salad at a restaurant, you can enjoy a plant-based cheese, which is entirely vegan.”
Several Saudi manufacturers, including Sapin, Anasia and Memco, are taking part in the show, which provides a platform for companies to exchange ideas.
Majed Al-Argoubi, CEO of the Saudi Authority for Industrial Cities and Technology Zones, said: “The industrial sector is going to increase both the GDP and abilities of youth in the Kingdom.
“We are making impressive growth through Saudi Vision 2030 and Made in Saudi is remarkable for expanding cities across the country and achieving our goals.”
Among the most innovative products on display are the Novamyl BestBite from Novozymes, which improves texture and softness in baked goods while extending shelf life to reduce food waste. Others include sustainable packaging for dates from Napco, a sugar reduction method for fruit juice from Austria Juice, Lactosan, a natural culinary booster from FSL and Biopap, a range of renewable, compostable, high-performance food containers.
Pavilions from Italy, Germany, the Netherlands, US, France, Turkiye and China reflect the international scope of the show, which runs until Thursday.
Saudi Arabia expresses condolences after dam bursts in flood-hit Kenya
- Floods and landslides across Kenya have killed 181 people since March, with hundreds of thousands forced to leave their homes
- The ministry said the Kingdom stands with the government and people of Kenya during this painful time
RIYADH: The Saudi Foreign Ministry expressed on Wednesday the Kingdom’s condolences to the families of those who died after a makeshift dam burst its banks in Kenya’s Rift Valley on Monday.
At least 48 people including children died as a result of the incident.
Residents said the accident occurred in the dead of night when the dam burst near the town of Mai Mahiu in Nakuru county, sending torrents of water and mud gushing down a hill and engulfing everything in its path.
The ministry said the Kingdom stands with the government and people of Kenya during this painful time.
Torrential rains and floods continue to batter the country and 181 people have been killed since March, with hundreds of thousands forced to leave their homes.
