Cyber threats are continually developing in sophistication and impact, despite the advances in cyber-security technologies and practice.
Cyber crime has evolved into well-organised networks with advanced capabilities.
Nation-states have developed unparalleled cyber exploitation and attack technologies that they are beginning to integrate into their national military capabilities.
Between July 2021 and June 2022, around a quarter of cyber attacks launched by Iranian hackers targeted the United States.
Furthermore, nearly 40% of the state-sponsored cyber-attacks from Iran were directed against the critical infrastructure of foreign countries.
The rollout of digitisation initiatives throughout the Middle East brings with it a greater risk of cyber attacks.
Around 38% of these attacks by nation-states or state-affiliated actors were directed against Israel in the period from July 2022 till June 2023.
Furthermore, the United Arab Emirates ranked second by the share of attacks in the region.
The global cyber security market was valued at nearly $222bn in 2022 according to Next Move Strategy Consulting. By 2030, it is forecast to be worth $657bn.
