shutterstock_490960141-1

Industry News: ESG5

UAE Expert Says Cybercrime is $8trn Threat to Global Economy

2019-04-18

ArabianBusiness: Cybercrime is projected to cost $8 trillion to businesses globally in the next five years, according to UAE-based cyber security firm DarkMatter which is responsible for protecting the IT infrastructure and technologies of Dubai Expo 2020. Dr Karim Sabbagh, CEO of DarkMatter Group, told a regional internal audit conference in Abu Dhabi on Thursday that irreparable reputational damages are on the rise with the escalating regulations increasingly penalising failures to tackle cybercrime...

Read more...

About Castle Hall Diligence

Castle Hall helps investors build comprehensive due diligence programs across hedge fund, private equity and long only portfolios More →

Subscribe to Cyber Updates