{"id":91331,"date":"2024-04-25T00:00:00","date_gmt":"2024-04-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/how-is-the-uae-faring-when-it-comes-to-cybersecurity-preparedness\/"},"modified":"2024-04-25T00:00:00","modified_gmt":"2024-04-25T00:00:00","slug":"how-is-the-uae-faring-when-it-comes-to-cybersecurity-preparedness","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/04\/25\/how-is-the-uae-faring-when-it-comes-to-cybersecurity-preparedness\/","title":{"rendered":"How is the UAE faring when it comes to cybersecurity preparedness?"},"content":{"rendered":"

SIGN OF THE TIMES- Some 91% of companies in the UAE rely on AI to ramp up<\/strong> their security defenses<\/strong>, <\/strong>focusing on threat detection, response, and recovery, digital communications technology conglomerate Cisco said in a press release<\/a>. This figure is forecasted to continue rising, with nearly all (99%) companies surveyed intending to bolster their cybersecurity budgets in the coming years.<\/p>\n

Robust cybersecurity planning comes on the back of expected threats in the landscape:<\/strong> Some 65% of companies in the UAE faced cybersecurity incidents in the past year that disrupted their business operations, with associated costs exceeding USD 300k for many. 85% expect to face similar incidents in the next one to two years, while 68% of organizations said they plan to roll out significant upgrades to their IT infrastructure over the period to combat security challenges.<\/p>\n

AI as a means to combat the cyber talent gap: <\/strong>At the time of Cisco's survey, 90% of companies in the UAE experienced a cyber talent shortage, with only half of the respondents employing over 10 cybersecurity-related roles. The vast majority (95%) of companies are eyeing AI technology integration into their cybersecurity frameworks to bridge over 10% of vacant cybersecurity roles, signaling a positive trend towards innovative tech solutions to address talent scarcity.<\/p>\n

Companies like pointed solutions:<\/strong> 82% of UAE companies said that having multiple-point solutions slowed down their team\u2019s ability to detect, respond to, and recover from incidents. Meanwhile, 78% of organizations currently deploy ten or more point solutions in their security stacks, while 26% said they have 30 or more, which, according to Cisco\u2019s analysis \u201craises concerns.\u201d<\/p>\n

UAE ahead globally? <\/strong>UAE companies reported higher interest in enhancing their cybersecurity and IT infrastructure with AI-powered technologies than companies across 30 global markets, according to Cisco\u2019s latest Cybersecurity Readiness Index (pdf)<\/a>. A little over half (52%) of the total companies surveyed said they planned to upgrade their IT infrastructure in the next 1-2 years, while 97% of companies said they would increase spending on cybersecurity in 2024.<\/p>\n

Almost nine in 10 companies surveyed \u2014 including those based in the UAE \u2014 expect their cybersecurity budget to grow by more than 10% over the next year. <\/strong>This comes after 91% of the companies increased their cybersecurity budgets over the past two years, with 61% growing their budgets by at least 20% and 30% increasing them by 30% or more to ward off risk due to digitization, more sophisticated attacks, and financial impact of cyber incidents, which for 12% of the companies surveyed, exceeded USD 1 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"

65% of companies faced cybersecurity incidents in the past year<\/p>\n","protected":false},"author":1,"featured_media":91332,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1577],"tags":[1341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-_newspack_tech","tag-tech","wpautop","entry"],"acf":{"mongo_id":"3a37b1e0-f8a6-428e-b1e4-f9e68eee4ce5","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1342.jpg","photo_position":"above","homepage_title":"Is the UAE cyber-ready?","full_issue_title":"How is the UAE faring when it comes to cybersecurity preparedness?","related_issue":[91318],"teaser":"65% of companies faced cybersecurity incidents in the past year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.20a03bb8-8423-4647-8ca7-b5d8f8e2565a.mp3"},"yoast_head":"\nHow is the UAE faring when it comes to cybersecurity preparedness? 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