How the GCC is strengthening its cyber resilience in the digital age

Cybercrime costs the world $18 million every minute. That’s an estimated $9.5 trillion per year or – if it were a country – the gross domestic product of the world’s third-largest economy.

In the Middle East, cybersecurity incidents cost an average of $8.05 million per breach, almost double the global average of $4.45 million.

Against this backdrop, the Gulf Cooperation Council (GCC) countries are taking decisive steps to boost their digital defences. By 2030, the cyber threat intelligence market in the Middle East is set to reach upwards of $31 billion.

Read more at World Economic Forum