Ransomware Attacks Targeting Middle East Countries (2022-H1 2024)

The Middle East has seen a marked rise in ransomware attacks, with 45 incidents reported in just the first half of 2024 compared to 63 incidents for all of 2023. This increase in cyber threats coincides with the region’s rapid digital transformation, highlighting an urgent need for robust cybersecurity measures. The cost of data breaches in the region is significant, climbing from US $8.07 million in 2023 to US $8.75 million in 2024, underscoring the financial impact of these vulnerabilities.

To combat these challenges, governments across the Middle East are significantly ramping up cybersecurity investments. The UAE leads with a US $12.1 billion allocation, emphasizing AI-enhanced detection systems. Saudi Arabia follows with a US $4.2 billion investment to build cyber infrastructure and train a skilled workforce. Qatar, Kuwait, Bahrain, and Egypt are also directing substantial funds to safeguard sectors like finance, energy, and healthcare. These investments, coupled with public-private partnerships and regulatory frameworks, reflect a regional commitment to strengthening cybersecurity resilience amidst growing digital connectivity and potential cyber risks.