With an estimated annual cost of US$100 billion from cybercrime, the global cyber security industry is projected to be worth US$120.1 billion by 2017, growing at an 11.3% CAGR.1 The MENA region is far from immune to these global threats, with government, commercial and security services all investing heavily to detect, protect and react to the ever-changing cyber landscape. GISEC is the region’s only large-scale information security platform, assembling industry, government and thought leaders to tackle threats, issues and countermeasures. GISEC 2014 is highly focused on addressing security concerns for I.T., Oil & Gas, Banking & Finance, Government, Legal, Healthcare and Telecoms industries. Key industry decision makers have the chance to meet companies providing world-leading solutions across dedicated industry verticals.
KEY MARKET FACTS
With some of the highest GDP levels in the world, investment in protecting national, commercial and infrastructure assets is high and growing.
In the UAE, the banking sector is the biggest target of attacks, suffering of all attacks. The remaining of attacks are aimed at government e-services, telecommunications, and educational institutions.2
The UAE enjoys the highest mobile penetration rate in the world, with Saudi Arabia in third place, according to Google Research. Mobile attacks are one of the largest growth areas for cybercrime, with Android-based malware growing at in the 2nd quarter of 2013.3
Critical National Infrastructure is a highly valuable target. The region is home to the world’s fastest growing airlines and of OPEC’s oil reserves. Investment continues to be made to protect these assets.4
2 999 Magazine, Published by UAE Ministry of Interior
3 Institute for the Analysis of Global Security