As Saudi Arabia continues its bold transformation below Vision 2030, its means to adapt, overcome challenges and thrive is extra vital than ever.
According to estimates by Statista Market Insights, the worldwide value of cybercrime is anticipated to surge over the following 4 years, growing from SAR 34.5 trillion in 2024 to SAR 51.82 trillion in 2028.
Cybercrime is outlined as “harm or destruction of information, theft of cash, lack of productiveness, theft of mental property, theft of non-public and monetary knowledge, embezzlement, fraud, disruption of regular enterprise operations after an assault, forensic investigation, restoration or elimination of hacked knowledge or methods, and harm to popularity.” Cyberattacks have gotten extra subtle, frequent and damaging, concentrating on vital infrastructure, delicate knowledge and organizational operations. Traditional cybersecurity measures that concentrate on prevention are now not adequate to fight these dynamic threats.
Organizations are at present challenged by digital transformation, an growing variety of interconnected gadgets, and complicated cyber assaults, making a extremely resilient cybersecurity strategy essential.
Ultra-resilient cybersecurity refers back to the idea of constructing ultra-resilient cyber methods and networks that not solely stand up to and get well from assaults, however really grow to be stronger and have an elevated means to reply to threats.
Advances in applied sciences equivalent to AI, IIoT and hybrid cloud current Saudi Arabia with new cybersecurity challenges, highlighting the very important significance of ultra-resilient cybersecurity measures to guard the nation’s digital infrastructure and financial pursuits.
According to the 2024 World Competitiveness Yearbook report revealed by IMD, Saudi Arabia ranked first on the planet within the Cybersecurity Index and second in each the Digital Transformation Index and the Technology Development and Application Index.
The use of handy digital platforms equivalent to Absher, Qiwa and Nusuk for presidency providers is likely one of the elements that has earned Saudi Arabia international recognition within the cyber sector. Moreover, Saudi Arabia goals to extend the digital economic system’s contribution to GDP to 19% by 2030, from 5.48% in 2021.
“With always evolving cyber threats, true resilience requires greater than a strong protection. It requires a proactive, adaptive mindset that embraces innovation, anticipates the surprising, and empowers our individuals to be on the forefront of protection. Join us on our journey as we discover the frontier of ultra-resilient cyber, the place cybersecurity isn’t just a security internet, however a strategic benefit that may drive Saudi Arabia’s digital future,” mentioned Samir Omar, chief safety strategic advisor and CEO, Virtuport.
Virtuport’s MENA Information Security Conference 2024 has emerged as a key platform to handle the evolving cybersecurity panorama. Now in its twelfth version, MENA ISC 2024 will carry collectively high business leaders, visionaries, market innovators and specialists equivalent to Salam, CyberKnight and Cyber Polygon to debate the newest cybersecurity challenges and share groundbreaking options.
“MENA ISC performs a pivotal position in constructing cybersecurity capability in Saudi Arabia, serving as a basis for fostering collaboration and innovation amongst business leaders. For Cyber Night, the occasion is a beneficial platform to showcase our dedication to strengthening cybersecurity within the area; permitting us to have interaction with native companies and authorities entities, showcase our cutting-edge options, and contribute to the Kingdom’s Vision 2030 in the direction of a safe digital future. Our participation highlights the significance of such gatherings in fostering information trade, networking, and the general strengthening of cyber defenses, in the end advancing cyber resilience within the area,” mentioned Avinash Advani, CEO of Cyber Night.