Page 41 - SAMENA Trends - July-August 2023

ARTICLE SAMENA TRENDS

ARTICLE

The Crucial Role of Cybersecurity in Digital

Transformation

Digital transformation is giving rise to tremendous business and
social opportunities, though digitization and interconnectivity
come at a cost. Digitization creates an expanding threat surface,
that is targeted by threat actors, which might result in incidents
potentially impacting the operations and lives of businesses and
individuals.

We continue to be reminded of the potentially devastating impact of
cyber incidents, particularly as the lines between state-sponsored
threat actors blur with those of cyber criminals and hacktivists.
In June, the MOVEit cyber-attack exploited a vulnerability in the
file transfer software used by hundreds of organizations globally,
stealing data and leaving the companies susceptible to financial
and reputational losses.

“Anonymous Sudan will highly likely continue
to cause disruption to entities globally to
garner attention to their causes”

In another example of the widening expanse and complexity of the
cyber threat landscape, the hacktivist group, Anonymous Sudan,
has caused disruptions to organizations in Sweden, Denmark,
France, the UAE, and Kenya, with Microsoft also having fallen
victim to the hackers’ activities. “Anonymous Sudan will highly
likely continue to cause disruption to entities globally to garner
attention to their causes” commented Naveed Hamid, ZainTech’s
VP of Security Solutions.
Andrew Hanna
CEO Businesses are increasingly relying on cloud-based platforms
ZainTech and remote collaboration tools, making the risk of falling victim
to threats such as phishing or ransomware attacks significantly
greater. If successful, these attacks can compromise valuable
business data, lead to financial losses, and tarnish an organization's
reputation.

41 JULY-AUGUST 2023