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Wednesday, 10 February 2010 03:26 UAE time

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Region faces cybercrime wave

by ArabianBusiness.com staff writer  on Thursday, 22 February 2007

Cyber criminals are stepping up their focus on the Middle East, as more people go online, experts warned this week.

The alert follows the busting last week of an online fraud ring that had been pretending to offer financial services out of the Dubai International Financial Centre (DIFC).

David Knott, CEO of the Dubai Financial Services Authority (DFSA), said such attacks are "increasingly" likely here.

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"The Middle East is becoming a new target for those cyber crimes," Abdulrahman Al-Shenafi, senior adviser on IT and security to the Ministry of Interior in Saudi Arabia told IT Weekly, warning that as more people go online in the region, the more vulnerabilities there would be.

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