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UAE Under Siege from Cybercriminals Amid Global Email Attack Surge

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Acronis has shared new research findings from the first half of 2024 in its biannual cyber threats report by Acronis Threat Research Unit. Titled, “Acronis Cyberthreats Report H1 2024: Email attacks surge 293%, new ransomware groups emerge,” the report leverages over one million unique Windows endpoints from 15 key countries around the world to bring awareness to global trends in the cybersecurity industry. Most notably, the report found that email attacks have seen a 293% surge when compared to the same period in 2023.

The UAE witnessed a notable increase in malware detections with an 11.7% increase from January to May 2024. While the region is facing considerable cybersecurity challenges, these are part of a broader trend affecting many EMEA countries, particularly in terms of rising malware detections and high-profile ransomware attacks. Compared to other EMEA countries, the situation in MENA mirrors broader regional challenges. Bahrain had the highest malware detection rate at 63.2% in April 2024, followed by Egypt with 42.6% of organizations experiencing detections in the same month.

“The insights from Acronis’ H1 2024 Cyberthreats Report highlight the urgent need for heightened vigilance and advanced protective measures,” remarked Ziad Nasr, General Manager for the Middle East at Acronis. “The UAE has been identified as a ‘prime target’ for ransomware attacks, as cautioned by the country’s Cyber Security Council. In 2023, the average cost of a data breach in the Middle East exceeded $8 million.”

“MSPs are particularly vulnerable, facing persistent threats such as phishing, social engineering, and supply chain attacks,” Ziad continued. “Acronis encourages MSPs to adopt comprehensive security strategies, incorporating security awareness training, and leveraging advanced endpoint protection solutions like XDR and multi-factor authentication. Our commitment to delivering actionable insights through the Cyberthreats Report aims to empower organizations and enhance global cybersecurity resilience.”

Ransomware continues to be a major threat to small and medium-sized businesses (SMBs), particularly in critical industries such as government and healthcare. In Q1 2024, Acronis observed 10 new ransomware groups who together claimed 84 cyberattacks globally. Among the top 10 most active ransomware families detected during this time, three highly active groups stand out as the primary contributors, collectively responsible for 35% of the attacks: LockBit, Black Basta, and PLAY. The number of ransomware detections was also on the rise, increasing 32% from Q4 2023 to Q1 2024.

In support of Acronis’ mission to tailor business initiatives to Managed Service Providers (MSPs), the report is observant of how MSPs are being targeted and compromised. Of note, attack vectors including phishing and social engineering, vulnerability exploits, credential compromises and supply chain attacks were highlighted as the most successful techniques used to breach MSPs’ cybersecurity defences.

“As a result of the increasing volume and complexities of cyber threats we continue to uncover in the current cybersecurity landscape, it is of the utmost importance that MSPs take a holistic approach to securing their customer’s data, systems, and unique digital infrastructures,” said Irina Artioli, report author and Cyber Protection Evangelist at Acronis Threat Research Unit. “To do this effectively, we recommend MSPs adopt a comprehensive security strategy, including mandating security awareness training and incident response planning, as well as deploying advanced endpoint protection solutions like extended detection and response (XDR), multi-factor authentication, and more.”

Additionally, the report focuses on emerging cybersecurity trends, highlighting the increasing use of generative artificial intelligence (AI) and large language models (LLMs) by threat groups. Specifically, it underscores the growing prevalence of AI being leveraged in social engineering and automation attacks. The most common AI-generated attacks that were detected include malicious emails, deepfake business email compromise (BEC), deepfake extortions, KYC bypass, and script and malware generation. Furthermore, Acronis researchers have identified two types of AI threats. The first involves AI-generated threats, in which malware is created using AI techniques but does not utilize AI in its operations. The second is AI-enabled malware, which incorporates AI into its functionality.

Other key findings from the report include:

Middle East Threat Landscape & Trends:

  • UAE’s monthly percentages of global detections remained relatively lower compared to high-risk countries like Germany, France, and Egypt, highlighting a growing but still manageable cyber threat landscape.
  • The UAE had varying monthly percentages of global detections ranging from 0.8% to 1.9% throughout the first half of 2024. In comparison, Germany’s percentages ranged from 6.4% to 9.9%, France’s ranged from 3.6% to 5.5%, and the United Kingdom’s ranged from 4.3% to 6.1%.
  • The UAE experienced a significant rise in the percentage of clients with malware detections. 17.6% of clients with malware detections in January 2024, 18.8% in February, 29.1% in March, and 29.3% in April and May. The sharp increase in malware detections among UAE clients, reflects a concerning trend of escalating cyber threats, emphasizing the urgent need for enhanced cybersecurity measures.
  • Other EMEA countries like Bahrain and Egypt also showed high malware detection rates, indicating a broader regional challenge
  • The ransomware attack on Seven Seas Technologies in the UAE highlights the region’s vulnerability to such threats, similar to high-profile cases in other EMEA countries
  • The emergence of various ransomware groups targeting different sectors across the EMEA region indicates a widespread and diversified threat landscape

Global Threat Landscape:

  • Bahrain, Egypt, and South Korea were the top countries targeted by malware attacks in Q1 2024.
  • 28 million URLs were blocked at the endpoint in Q1 2024.
  • 27.6 % of all received emails were spam and 1.5% contained malware or phishing links.
  • The average lifespan of a malware sample in the wild is 2.3 days.
  • 1,048 cases of ransomware were publicly reported in Q1 2024, a 23% increase over Q1 2023.

Cybersecurity Trends in H1 2024:

  • Ransomware continues to be a major threat to SMBs, and ransomware groups have abused vulnerable drivers to get a foothold in systems and disable security tools.
  • In the first quarter of 2024, PowerShell was the most frequently detected MITRE technique.
  • The number of email attacks detected in H1 2024 surged by 293% compared to the first half of 2023.

Ransomware Trends:

  • In Q1 2024, Acronis researchers observed 10 new ransomware groups that together claimed 84 cyberattacks globally.
  • The number of ransomware detections increased 32% from Q4 2023 to Q1 2024.

Attacks on MSPs:

  • MSPs were under consistent attack from January to May 2024, with data revealing email phishing campaigns were the most used by attackers.
  • The top five most frequently discovered MITRE ATT&CK techniques in the first half of the year included PowerShell, Windows Management Instrumentation, Process Injection, Data Manipulation and Account Discovery.

Phishing and email attacks:

  • Organizations experienced a surge in email communications, with the number of emails per organization increasing by 25%.
  • The rise in email volume coincided with a 47% increase in email attacks targeting organizations.
  • 26% of users encountered phishing attempts through malicious URLs.
  • Social engineering increased by 5% since H1 2023; however, malware attacks decreased from 11% in H1 2023 to 4% in H1 2024.

Leveraging AI:

  • Cybercriminals continue to leverage malicious AI tools like WormGPT and FraudGPT.
  • While AI can assist attackers at every stage of the cyberattack kill chain, it can also be used as a defence mechanism as it allows for around-the-clock detection of attacks and reports them to experts to take appropriate response actions to ensure smooth business continuity.

The Acronis H1 2024 Cyberthreats Report is curated by the Acronis Threat Research Unit and includes data surrounding ransomware threats, phishing, malicious websites and software vulnerabilities, and tips on how to protect against the aforementioned threats. Released bi-annually, the Acronis Cyberthreats Report sets the industry standard by consistently establishing itself as a benchmark for cybersecurity intelligence. Acronis’ analysis of the current cyber threat landscape is published for the benefit of its users, partners, and the broader, global cybersecurity community to help them stay abreast of ongoing cybersecurity developments.

Cyber Security

Positive Technologies Reports 80% of Middle East Cyberattacks Compromise Confidential Data

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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.

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Cyber Security

Axis Communications Sheds Light on Video Surveillance Industry Perspectives on AI

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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.

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Artificial Intelligence

CyberKnight Partners with Ridge Security for AI-Powered Security Validation

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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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