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ANALYSIS
BUSINESSES ANTICIPATE INCREASE IN CYBERTHREATS YET REMAIN UNPREPARED
Christian Reilly , Field CTO EMEA , Cloudflare , tells us that while businesses in the Middle East and Türkiye are expecting a rise in cyberthreats , many are still inadequately prepared to defend against severe breaches .
It ’ s no secret that cyberattacks are becoming increasingly sophisticated , while simultaneously growing in number and volume . And this worrying trend is only expected to rise . In fact , Cloudflare ’ s own research shows that a staggering 78 % of business leaders in the Middle East and Türkiye ( MET ) region expect their organisations to be hit by a cyberattack within the next year .
But , despite these concerns for the near future , the same study shows that only 46 % of those leaders believe they are adequately prepared to handle such an incident . Clearly , there is a significant disconnect between the perceived risk of cyberthreats and the level of preparedness among the nation ’ s businesses .
So , as the digital threat landscape continues to evolve , regional businesses find themselves in an increasingly delicate position when it comes to cybersecurity . The growing number of incidents facing modern companies is well documented in today ’ s headlines , leaving organisations in no doubt that this is a serious issue that every business should have near the top of their agendas .
In this landscape , how can companies become more confident in their ability to defend themselves against modern cyberthreats ?
Rising cyberthreats : a reality for businesses in the Middle East and Türkiye
The gap between the anticipated risks of cyberattacks and the preparedness of businesses to address them speaks volumes about the current state of cybersecurity in the Middle East and Türkiye .
This discrepancy isn ’ t a question of ignorance but of confidence – or the lack thereof . With 82 % of organisations in the MET region reporting a cybersecurity incident in the past year according to our data , the threat is very real . And still , less than half of the business leaders surveyed feel they have the necessary defences in place . This points to a critical issue : while awareness is growing , true preparedness remains worryingly low .
That ’ s despite the real-life ramifications that can be expected when a business suffers a breach .
Cost of a breach is more than just financial
Not only could an incident have serious consequences for the business itself , but it could also have a negative impact on your employees and customers . Whether it ’ s financial losses , regulatory penalties or reputational damage , the stakes are
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