Cyber Security
Insider Threats Cost Organizations $15.4 Million Annually: Proofpoint
Proofpoint has released its 2022 Cost of Insider Threats Global Report to identify the costs and trends associated with negligent, compromised, and malicious insiders. Notably, on average, impacted organizations spent $15.4 million annually on overall insider threat remediation and took 85 days to contain each incident.
The Report, independently conducted by Ponemon Institute, is issued every 2 years and is now in its fourth edition. It surveyed over 1,000 IT and IT security practitioners across North America, Europe, the Middle East, Africa, and Asia-Pacific. Each organization included in the study experienced one or more material events caused by an insider. The report reveals that over the last two years, the frequency and costs associated with insider threats have increased dramatically across all three insider threat categories, including careless or negligent employees/contractors, criminal or malicious insiders, and cybercriminal credential theft.
“Months of sustained remote and hybrid working leading up to “The Great Resignation” has resulted in an increased risk around insider threat incidents, as people leave organizations and take data with them,” said Ryan Kalember, executive vice president of cybersecurity strategy at Proofpoint. “In addition, organizational insiders, including employees, contractors, and third-party vendors, are an attractive attack vector for cybercriminals due to their far-reaching access to critical systems, data, and infrastructure. With people now the new perimeter, we recommend layered defenses, including a dedicated insider threat management solution and strong security awareness training, to provide the best protection against these types of risks.”
“This year’s report reveals that organizations in the Middle East and Africa have experienced the highest number of insider-related threats over the past 12 months, and are the most likely to experience credential theft,” said Emile Abou Saleh, Regional Director, Middle East & Africa at Proofpoint. “It is therefore imperative that organizations in the region remain alert and foster a strong security culture among its employees through effective and ongoing security awareness training underpinned by a people-centric cybersecurity approach”.
This year’s 2022 Cost of Insider Threats Global Report key findings include:
- Organizations impacted by insider threats spent an average of $15.4 million annually—that’s up 34 percent from $11.45 million in 2020. The total average cost of activities to resolve insider threats in the Middle East and Africa over the 12 month period was $14.29 million – which is 22 percent higher than the cost incurred in 2020.
- The overall number of incidents has increased by a staggering 44 percent in just two years. The frequency of incidents per company has also gone up with 67 percent of companies experiencing between 21 and more than 40 incidents per year, up from 60 percent in 2020.
- The negligent insider is the root cause of most incidents. 56% of reported insider threat incidents were the result of a careless employee or contractor, costing on average $484,931 per incident. This could be the result of a variety of factors, including not ensuring their devices are secured, not following the company’s security policy, or forgetting to patch and upgrade.
- Malicious or criminal insiders were behind 1 in 4 incidents (26%) at an average cost per incident of $648,062. Malicious insiders are employees or authorized individuals who use their data access for harmful, unethical, or illegal activities. Because employees are increasingly granted access to more information to enhance productivity in today’s work-from-anywhere workforce, malicious insiders are harder to detect than external attackers or hackers.
- Credential theft incidents have almost doubled since the last study. At an average of $804,997 per incident, credential theft is the costliest to remediate. The intent of the credential thief is to steal users’ credentials that will grant them access to critical data and information. A total of an average of 1,247 incidents (or 18%) involved cybercriminals stealing credentials.
- The time to contain an insider incident increased from the last study. It takes an average of nearly three months (85 days) to contain an insider incident up from 77 days in the previous study. Incidents that took more than 90 days to contain cost organizations $17.19 million on an annualized basis, while incidents that lasted less than 30 days cost an average of $11.23 million.
- Financial services and professional services have the highest average activity costs. The average activity cost for financial services is $21.25 million and professional services is $18.65 million. Service organizations represent a wide range of companies including accounting, consultancy, and professional service firms.
- Organizational size affects the cost per incident. The cost of incidents varies according to organizational size. Large organizations with a headcount of more than 75,000 spent an average of $22.68 million over the past year to resolve insider-related incidents. To deal with the consequences of an insider incident, smaller-sized organizations with a headcount below 500 spent an average of $8.13 million.
- North American companies are spending more than the average cost on activities that deal with insider threats. The total average cost of activities to resolve insider threats over a 12-month period is $15.4 million. Companies in North America experienced the highest total cost at $17.53 million. European companies had the next highest cost at $15.44 million.
Five signs that your organization is at risk:
- Employees are not trained to fully understand and apply laws, mandates, or regulatory requirements related to their work and that affect the organization’s security.
- Employees are unaware of the steps they should take to ensure that the devices they use—both company-issued and BYOD—are secured at all times.
- Employees are sending highly confidential data to an unsecured location in the cloud, exposing the organization to risk.
- Employees break your organization’s security policies to simplify tasks.
- Employees expose your organization to risk if they do not keep devices and services patched and upgraded to the latest versions.
Dr. Larry Ponemon, Chairman and Founder of the Ponemon Institute commented, “Insider threats continue to climb, both in frequency and remediation cost. That said, we are seeing the risk of malicious insider threats increase – with more users accessing business data from outside the confines of the office. This can blur the security team’s ability to identify and differentiate between well-meaning employees, and malicious insiders trying to siphon sensitive business data.”
The Report surveyed organizations in North America, Europe, Middle East, Africa, and Asia-Pacific with a global headcount of 500 to more than 75,000 over a two-month period concluding in September 2021. In this year’s study, we interviewed 1,004 IT and IT security practitioners in 278 organizations that experienced one or more material events caused by an insider. A total of 6,803 insider incidents are represented in this research.
Cyber Security
Positive Technologies Reports 80% of Middle East Cyberattacks Compromise Confidential Data
A new study by cybersecurity firm Positive Technologies has shed light on the evolving cyber threat landscape in the Middle East, revealing that a staggering 80% of successful cyberattacks in the region lead to the breach of confidential information. The research, examining the impact of digital transformation, organized cybercrime, and the underground market, highlights the increasing exposure of Middle Eastern nations to sophisticated cyber threats.
The study found that one in three successful cyberattacks were attributed to Advanced Persistent Threat (APT) groups, which predominantly target government institutions and critical infrastructure. While the rapid adoption of new IT solutions is driving efficiency, it simultaneously expands the attack surface for malicious actors.
Cybercriminals in the region heavily utilize social engineering tactics (61% of cases) and malware (51%), often employing a combination of both. Remote Access Trojans (RATs) emerged as a primary weapon in 27% of malware-based attacks, indicating a common objective of gaining long-term access to compromised systems.
The analysis revealed that credentials and trade secrets (29% each) were the most sought-after data, followed by personal information (20%). This stolen data is frequently leveraged for blackmail or sold on the dark web. Beyond data theft, 38% of attacks resulted in the disruption of core business operations, posing significant risks to critical sectors like healthcare, transportation, and government services.
APT groups are identified as the most formidable threat actors due to their substantial resources and advanced technical capabilities. In 2024, they accounted for 32% of recorded attacks, with a clear focus on government and critical infrastructure. Their activities often extend beyond traditional cybercrime, encompassing cyberespionage and even cyberwarfare aimed at undermining trust and demonstrating digital dominance.
Dark web analysis further revealed that government organizations were the most frequently mentioned targets (34%), followed by the industrial sector (20%). Hacktivist activity was also prominent, with ideologically motivated actors often sharing stolen databases freely, exacerbating the cybercrime landscape.
The United Arab Emirates, Saudi Arabia, Israel, and Qatar, all leaders in digital transformation, were the most frequently cited countries on the dark web in connection with stolen data. Experts suggest that the prevalence of advertisements for selling data from these nations underscores the challenges of securing rapidly expanding digital environments, which cybercriminals are quick to exploit.
Positive Technologies analyst Alexey Lukash said, “In the near future, we expect cyberthreats in the Middle East to grow both in scale and sophistication. As digital transformation efforts expand, so does the attack surface, creating more opportunities for hackers of all skill levels. Governments in the region need to focus on protecting critical infrastructure, financial institutions, and government systems. The consequences of successful attacks in these areas could have far-reaching implications for national security and sovereignty.”
To help organizations build stronger defenses against cyberthreats, Positive Technologies recommends implementing modern security measures. These include vulnerability management systems to automate asset management, as well as identify, prioritize, and remediate vulnerabilities. Positive Technologies also suggests using network traffic analysis tools to monitor network activity and detect cyberattacks. Another critical layer of protection involves securing applications. Such solutions are designed to identify vulnerabilities in applications, detect suspicious activity, and take immediate action to prevent attacks.
Positive Technologies emphasizes the need for a comprehensive, result-driven approach to cybersecurity. This strategy is designed to prevent attackers from disrupting critical business processes. Scalable and flexible, it can be tailored to individual organizations, entire industries, or even large-scale digital ecosystems like nations or international alliances. The goal is to deliver clear, measurable results in cybersecurity—not just to meet compliance standards or rely on isolated technical fixes.
Cyber Security
Axis Communications Sheds Light on Video Surveillance Industry Perspectives on AI
Axis Communications has published a new report that explores the state of AI in the global video surveillance industry. Titled The State of AI in Video Surveillance, the report examines the key opportunities, challenges and future trends, as well as the responsible practices that are becoming critical for organisations in their use of AI. The report draws insights from qualitative research as well as quantitative data sources, including in-depth interviews with carefully selected experts from the Axis global partner network.
A leading insight featured in the report is the unanimous view among interviewees that interest in the technology has surged over the past few years, with more and more business customers becoming curious and increasingly knowledgeable about its potential applications.

Mats Thulin, Director AI & Analytics Solutions at Axis Communications
“AI is a technology that has the potential to touch every corner and every function of the modern enterprise. That said, any implementations or integrations that aim to drive value come with serious financial and ethical considerations. These considerations should prompt organisations to scrutinise any initiative or investment. Axis’s new report not only shows how AI is transforming the video surveillance landscape, but also how that transformation should ideally be approached,” said Mats Thulin, Director AI & Analytics Solutions at Axis Communications.
According to the Axis report, the move by businesses from on-premise security server systems to hybrid cloud architectures continues at pace, driven by the need for faster processing, improved bandwidth usage and greater scalability. At the same time, cloud-based technology is being combined with edge AI solutions, which play a crucial role by enabling faster, local analytics with minimal latency, a prerequisite for real-time responsiveness in security-related situations.
By moving AI processing closer to the source using edge devices such as cameras, businesses can reduce bandwidth consumption and better support real-time applications like security monitoring. As a result, the hybrid approach is expected to continue to shape the role of AI in security and unlock new business intelligence and operational efficiencies.
A trend that is emerging among businesses is the integration of diverse data for a more comprehensive analysis, transforming safety and security. Experts predict that by integrating additional sensory data, such as audio and contextual environmental factors caught on camera, can lead to enhanced situational awareness and greater actionable insights, offering a more comprehensive understanding of events.
Combining multiple data streams can ultimately lead to improved detection and prediction of potential threats or incidents. For example, in emergency scenarios, pairing visual data with audio analysis can enable security teams to respond more quickly and precisely. This context-aware approach can potentially elevate safety, security and operational efficiency, and reflects how system operators can leverage and process multiple data inputs to make better-informed decisions.
According to the Axis report, interviewees emphasised that responsible AI and ethical considerations are critical priorities in the development and deployment of new systems, raising concerns about decisions potentially based on biased or unreliable AI. Other risks highlighted include those related to privacy violations and how facial and behavioural recognition could have ethical and legal repercussions.
As a result, a recurring theme among interviewees was the importance of embedding responsible AI practices early in the development process. Interviewees also pointed to regulatory frameworks, such as the EU AI Act, as pivotal in shaping responsible use of technology, particularly in high-risk areas. While regulation was broadly acknowledged as necessary to build trust and accountability, several interviewees also stressed the need for balance to safeguard innovation and address privacy and data security concerns.
“The findings of this report reflect how enterprises are viewing the trend of AI holistically, working to have a firm grasp of both how to use the technology effectively and understand the macro implications of its usage. Conversations surrounding privacy and responsibility will continue but so will the pace of innovation and the adoption of technologies that advance the video surveillance industry and lead to new and exciting possibilities,” Thulin added.
Artificial Intelligence
CyberKnight Partners with Ridge Security for AI-Powered Security Validation
The automated penetration testing market was valued at roughly $3.1 billion in 2023 and is projected to grow rapidly, with forecasts estimating a compound annual growth rate (CAGR) between 21% and 25%. By 2030, the sector is expected to reach approximately $9 to $10 billion. The broader penetration testing industry is also expanding, with projections indicating it will surpass $5.3 billion by 2027, according to MarketandMarket.
To support enterprises and government entities across the Middle East, Turkey and Africa (META) with identifying and validating vulnerabilities and reducing security gaps in real-time, CyberKnight has partnered with Ridge Security, the World’s First Al-powered Offensive Security Validation Platform. Ridge Security’s products incorporate advanced artificial intelligence to deliver security validation through automated penetration testing and breach and attack simulations.
RidgeBot uses advanced AI to autonomously perform multi-vector iterative attacks, conduct continuous penetration testing, and validate vulnerabilities with zero false positives. RidgeBot has been deployed by customers worldwide as a key element of their journey to evolve from traditional vulnerability management to Continuous Threat Exposure Management (CTEM).
“Ridge Security’s core strength lies in delivering holistic, AI-driven security validation that enables organizations to proactively manage risk and improve operational performance,” said Hom Bahmanyar, Chief Enablement Officer at Ridge Security. “We are delighted to partner with CyberKnight to leverage their network of strategic partners, deep-rooted customer relations, and security expertise to accelerate our expansion plans in the region.”
“Our partnership with Ridge Security is a timely and strategic step, as 69% of organizations are now adopting AI-driven security for threat detection and prevention,” added Wael Jaber, Chief Strategy Officer at CyberKnight. “By joining forces, we enhance our ability to deliver automated, intelligent security validation solutions, reaffirming our commitment to empowering customers with resilient, future-ready cybersecurity across the region.”
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