Cyber attacks cost Saudi firms heavily

Cyber attacks cost Saudi firms heavily

Cyber attacks cost Saudi companies between SR300,000 and SR1 million, said Saudi information security experts.
Some companies still think that updating their systems and computers will fend off piracy attacks, but it is not enough, said IT experts.
Haitham Abu-Aisha, CEO of Internet service provider Sahara Net and chairperson of communication and information technology committee at the Asharqia Chamber, said, “Big companies are on the receiving end of cyber attacks when inside information is leaked.”
Abu-Aisha said, “We have hired expert hackers to simulate piracy attacks on the websites of our clients so that we can test whether the website is protected. We will close this gap when we detect any access point that may destroy the website or help hackers to destroy the website.”
“Electronic attacks that the Kingdom sometimes face are often sourced to Eastern European countries and Russia. Political piracy attacks often come from Iran and Israel,” he said. 
At a press conference organized by SaharaNet, Abu-Aisha announced that they released “good piracy” for the first time in the Kingdom.
“This new strategy enables us to predict risks for websites and explore these risks before these get discovered by cyber attackers,” he said.
Kais Al-Essa, a specialist in information security and deputy CEO of SaharaNet, said, “Information security cannot be secured 100 percent for any company in the world.”
Cyber attacks cost Saudi banks financial losses estimated over billions of riyals, according to statistics published by the Shoura Council. 
Four to six out of every ten people who use the Internet are exposed to cyber attacks, said Al-Essa.



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