Between January & March 2019, the United Arab Emirates (UAE) alone have experienced 1.1 million instances of phishing & 23 million instances of malware.
As per the reports, it is indicated that the region is facing 3.16 million attacks in crypto-mining malware & 5.83 million attacks in phishing. As a result, expenditure on cybersecurity technologies have increased significantly in the UAE & it is projected that the Middle East & Africa cyber security market would reach 66.5 billion by 2025.
So, if you are running an online business or services, cybersecurity is inevitable for you. Apart from the above reasons, there are several other reasons that emphasize the importance of cybersecurity for your business read more.