As the digital economy is moving at a fast pace in the UAE, cybersecurity threats are also on the rise. The authorities at the UAE have put cybersecurity as top priority as per the data released by the World Economic Forum (WEF).

The danger of cybersecurity failure is placed among the top five concerns for several small, highly digitalized economies. Countries including the UAE, Denmark, Japan, and Singapore are developing the cybersecurity framework, according to the World Economic Forum's 'The Global Risks Report 2022.'

Furthermore, 85% of the WEF's Cybersecurity Leadership Community has stated that ransomware is becoming a dangerously growing threat and is a big public safety problem.

Experts have warned that a persistent shortage of cybersecurity personnel could stifle economic growth. The measures to "democratise" cybersecurity, such as giving free cybersecurity risk management software, could assist small enterprises and other institutions fill some of the gaps.

When it comes to Advanced Persistent Threats (APT), Kaspersky researchers have showed that the UAE is one of the most targeted countries in the area. Since the pandemic began in 2020, they have worked on 49 investigative reports involving 16 cyber gangs that are actively targeting the country.

These APT organisations typically target the UAE's political and diplomatic establishments, as well as educational institutions, according to Kaspersky. Financial institutions, IT firms, healthcare, legal firms, the military, and the defence are among the other entities attacked.

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