Dubai-based Seema Bono, who specialises in managing data and cyber risk at Pinsent Masons, the law firm behind Out-Law, made the prediction in a recent article published by the Fintech Times.
The article highlighted research which shows that the compound annual growth rate of the MENA cybersecurity market is expected to be more than 14% between 2020 and 2025. It is already worth more than $7 billion.
“Managing cyber crime risk and digital protection will remain firm priorities for businesses in 2021 in the MENA region, particularly as the digital footprint of businesses increases,” Bono said. “Operating in a Covid-19 world has given rise to a rapid proliferation of technology and huge demand for digital services. However, the current climate is one which plays aptly into the hands of attackers engaged in online scams, phishing and hacking aimed at undermining and disrupting business and economies. Increased threats have emerged in the last year as a consequence of remote working, rogue employees, activists and an unsettled environment in which governments and businesses are distracted by the global pandemic.”
“In 2021, we will see more corporates equipping their people and…
