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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...

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