Network Security Incidents Dominate in META Region, Report Shows

A new report reveals that 87% of businesses in the Middle East, Türkiye, and Africa (META) region faced network security incidents in 2024, making it the most common type of cybersecurity threat. The findings come from the latest IT Security Economics report by Kaspersky.

The report highlights that 56% of businesses in the region experienced malicious code execution or attempts by adversaries to communicate with compromised systems and seize control. Large enterprises bore the brunt of these incidents, even with advanced security measures in place, while small and medium-sized businesses (SMBs) also struggled to fend off attacks.

Rising Complexity of Network Threats

Network security incidents remain a primary concern due to their potential to exploit system vulnerabilities and compromise sensitive data. Cybercriminals are becoming increasingly sophisticated, employing techniques like phishing scams, ransomware, Distributed Denial-of-Service (DDoS) attacks, and Advanced Persistent Threats (APTs) to bypass traditional security defenses.

The growing complexity of cyber threats poses a significant challenge for organizations, particularly as more data is stored and transmitted electronically. With remote work and Bring Your Own Device (BYOD) policies gaining traction, companies are exposed to heightened risks as employees access networks from multiple locations and devices, often without adequate security protocols.

The Human Factor: A Persistent Vulnerability

Human error remains a significant contributor to cybersecurity incidents, with 40% of businesses in the META region reporting incidents caused by employee actions or negligence. SMBs are especially vulnerable, lacking the resources and training programs of larger corporations.

Employees often fall victim to phishing scams, unknowingly clicking on malicious links or providing sensitive information to attackers. Insider threats, whether intentional or accidental, also contribute to data breaches and leaks, further exposing organizations to financial losses, reputational damage, and legal liabilities.

SMBs: A Prime Target for Cybercriminals

Small and medium-sized businesses are disproportionately targeted due to their limited ability to implement robust security measures. Many SMBs lack the infrastructure, expertise, and resources needed to protect their systems effectively, making them attractive targets for adversaries.

In contrast, large organizations typically have more comprehensive security frameworks and employee training initiatives, allowing them to better defend against and recover from cyber incidents.

Recommendations to Strengthen Cybersecurity

To combat the growing threat of network security incidents, businesses must adopt a multi-pronged approach that addresses both technological and human vulnerabilities. Key recommendations include:

1. Employee Training:
   Companies should invest in cybersecurity training programs to educate employees about common threats like phishing, data handling best practices, and recognizing social engineering tactics.
2. Advanced Security Solutions:
   Implement real-time detection and response tools, such as Endpoint Detection and Response (EDR) and Extended Detection and Response (XDR), to identify and neutralize threats before they escalate.
3. Regular Security Audits:
   Frequent audits can uncover vulnerabilities and provide insights into areas requiring immediate attention.
4. Enforce Strong Policies:
   Robust BYOD policies and access controls can reduce risks associated with remote work and personal devices.

By combining technological advancements with proactive employee education, businesses in the META region can significantly reduce the risk of network security breaches and protect their valuable data.