Cybercrimes cost UAE more than US$600m yearly

posted on 15/12/2011: 661 views

Cybercrimes cost the UAE economy over US$600 million (Dh2.203 billion) each year, a conference was told yesterday.

Experts at the Black Hat conference on cyber crime in Abu Dhabi said attacks vary from viruses and malware, online harassment, ‘phishing' messages to being approached online by sexual predators, ICT experts said.

"If your assets are in play, you'd better be able to respond and recover faster," said Jeff Moss, Black Hat founder.

"Regional security managers — whether in a government or a private enterprise — [need to] understand and keep up to date on the latest security trends and technologies." – Gulf News

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