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According to analysts, the IT sector in the Middle East is set to grow by 8 per cent in 2015. However, cloud computing, big data and people’s mobility are growing problems for the industry in the region, due to the rapid evolution in technology, companies are being encouraged to understand and implement changes, especially when it comes to cyber security.

Cyberattacks can take a variety of forms but the more recognisable formats include personal data theft, copyright infringement, fraud and virus sharing, and in more serious instances, attacks against government property and information.

Many users of supervisory control and data acquisition (SCADA) systems in the Middle East believe the cost of cybercrime to be in excess of $1 billion.

"...Advanced persistent threats (APTs) have significantly increased in the region in recent years. This form of attack targets high-value information such as national defence, the financial industry and governments themselves. This attack gains access to a specific network, staying undetected for a long period of time while gathering information for the unauthorised individual, it’s therefore clear why the region is placing increased prominence on this particular type of threat," said Fadi Saad, Managing Director for Comexposium in Middle East.

Comexposium and DG Consultants will be organising the first Middle East Cyber Security Life event on February 16-18, 2016, in Abu Dhabi. The event is expected to address the issues associated with the latest trends in technological development and IT security.

"No system can ever be perfect, given the increasing pace and complexity of the threats and applications, networks and individual constantly changing. However, it is how we defend and deal with such breaches that will define and shape the future of IT security," added Saad.