Global Cybersecurity Forum in Riyadh hears calls for greater resources to police online world ...Saudi Arabia

Wed, 2022-11-09 23:53 RIYADH: Cybercrime is set to play havoc with companies’ top lines, speakers at the Global Cybersecurity Forum warned on Wednesday as calls were sounded for greater resources to police the online world. Attendees at the event, being held in Riyadh, heard how damage caused by hackers was expected to amount to $10.5 trillion by 2025, and that firms were experiencing soaring operational costs because of increases in real-time losses owing to theft, network downtime, and rising insurance premiums.Main category: Middle-East

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