Netskope, a global Secure Access Service Edge (SASE) leader, has just revealed the results of its annual investigation into the state of cybersecurity in the Middle East as 2022 comes to an end.
In a region that’s digitizing at a rapid rate, Netskope anticipates several new trends in cyber attacker behavior, as well as a rise in software supply chain attacks and various other cloud vulnerabilities.
“Similar to how we have done this in years past, we have sourced these predictions from across our team of internal experts; our global and regional CIOs, CISOs, CTOs, and the specialists in our Threat Labs. Some of these predictions touch on topics that you may have seen discussed this year, considering how they will evolve, while others feature technologies and dynamics that may be completely new on the radar of Middle Eastern organizations for 2023,” says Jonathan Mepsted, VP for Netskope, Middle East and Africa.
So, what kinds of cyber threats do we expect to see intensifying in 2023? For starters, ransomware and extortion-style scams will be more prolific than ever. In addition, confidential and highly sensitive data will become vulnerable to sophisticated encryption attacks from professional extortion groups such as LAPSUS$ and RansomHouse.
As well as a rise in well-known online hacks and scams, Netskope believes that software supply chain attacks will also intensify — especially as we become more accepting of the concept of the “industrial metaverse”. Supply chain automation and optimization are on the rise, but bring a set of unique challenges for security experts.
This year, to be better prepared for emerging trends and threat models, Netskope’s NewEdge infrastructure added five new data centers in the Middle East region, supporting businesses across a wide range of sectors, including finance, telecom, and energy.
Abu Dhabi’s Hub71 To Help Climate Technology Startups
The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.
Hub71, Abu Dhabi’s global technology system, has launched a new initiative to support climate technology startups backed by several of the UAE’s largest public and private sector organizations.
A total of 342 startups have submitted applications so far, with the top companies being added to a shortlist that will be revealed shortly. Selected startups will receive Dh250,000 ($68,000) in incentives and an upfront cash support package of Dh250,000. In addition, the top performers of Hub71’s new initiative will also receive a top-up of up to Dh250,000 in exchange for additional equity.
Ahmad Alwan, deputy chief executive of Hub71, said: “This initiative aims to bring in different entities that have a shared mission towards climate tech […] Throughout the journey, we will support these companies, not only from being startups to becoming mature companies but also to facilitate their engagement with entities that would support them with access to capital, market, and talent”.
The Hub71+ ClimateTech ecosystem is backed by the Abu Dhabi National Energy Company and the National Central Cooling Company, who have each pledged Dh500,000 to the initiative as anchor partners.
They are joined by corporate partners, including Abu Dhabi holding company ADQ, Aldar Properties, sovereign wealth fund Mubadala, First Abu Dhabi Bank, Masdar City, and Dubai’s Emirates NBD. In addition, Siemens Energy is also onboard as an anchor partner.
So far, Hub71 has helped 260 member startups and created over 1,000 jobs, according to the organization’s website. In addition, it has collectively raised around Dh5 billion since its foundation in 2019.