Saudi Arabia’s spending into IT is expected to reach a whopping $11 billion in 2021 as Saudi Arabian organisations add emerging technologies to the top of their priority lists. This is not surprising given the country’s economic, political and religious dimensions making them the target of many cyberattacks targeting its vital, public and financial sectors. Stuxnet, Shamoon and Triton are among the most sophisticated cyberattacks ever carried out; two of which were direct attacks against two of Saudi Arabia’s biggest organisations. In a country that faces up to 160,000 cyberattacks on average, daily – it is no wonder it’s spending into cybersecurity is expecting to hit $28 billion by 2025.
GISEC Saudi Arabia Focus Day will evaluate the country’s ever-growing cyber security spending and evolving regulatory environment.