As Saudi Arabia continues its ambitious transformation under Vision 2030, the ability to adapt, overcome challenges and thrive in the face of adversity has never been more important.
According to Statista's Market Insights estimates, the global cost of cybercrime is expected to increase over the next four years, rising from SR 34.5 trillion in 2024 to SR 51.82 trillion by 2028.
Cybercrime as damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial information, embezzlement, fraud, disruption of normal business processes after an attack, forensic investigation, reconstruction and data deletion and hacked systems and reputational damage. Cyber attacks have become increasingly sophisticated, frequent and damaging, targeting critical infrastructure, sensitive data and organizational operations. Traditional cybersecurity measures, which focus mainly on defense, are no longer sufficient to combat these dynamic threats.
Organizations now face challenges from digital transformation, the rise of connected devices, and sophisticated cyber attacks. This has created a fundamental need for a hyper-flexible cybersecurity approach.
Hyper-resilient cybersecurity refers to the concept of building cyber systems and networks that are hyper-resilient – not only able to withstand attacks and recover from them, but actually become more robust and able to respond to threats.
With advances in technologies such as artificial intelligence, IIoT, and hybrid cloud, Saudi Arabia is facing new cybersecurity challenges that highlight the critical need for hyper-resilient cybersecurity measures to protect the country's digital infrastructure and economic interests.
Saudi Arabia, through Vision 2030 and various cybersecurity initiatives such as the creation of the National Cyber Security Agency, is at the forefront of this movement, increasing its cybersecurity and digital preparedness to protect its growing economy and digital infrastructure. .
According to the 2024 Global Competitiveness Yearbook published by IMD, the Kingdom ranks first globally in the Cyber Security Index and second globally in both the Digital Transformation Index and the Technology and Application Development Index.
The use of suitable digital platforms such as Absher, Qiwa, Nusuk and many others for government services are among the factors responsible for the Kingdom's global recognition on the cyber front. In addition, Saudi Arabia plans to increase the share of its digital economy to 19% of its GDP by 2030, up from 5.48% in 2021.
“In the face of evolving cyber threats, true resilience requires more than robust defenses. It requires a proactive and adaptive mindset—one that embraces innovation, anticipates the unexpected, and empowers our people to be the first line of defense. Join us as we explore the hyper-resilient cyber frontier, where cybersecurity is not just a safeguard, but a strategic advantage that drives Saudi Arabia's digital future.
Virtuport MENA Information Security Conference 2024 emerges as a vital platform to address the evolving cyber security landscape. Now in its 12th edition, MENA ISC 2024 brings together top industry leaders such as Salam, Cyber Knight, and Cyber Polygon, visionaries, market innovators, and experts to discuss the latest cybersecurity challenges and provide groundbreaking solutions to to share
The MENA ISC plays a pivotal role in Saudi Arabia's cybersecurity capacity building and serves as a cornerstone for fostering collaboration and innovation among industry leaders. For CyberKnight, this event is a valuable platform to demonstrate our commitment to enhancing cyber security in the region. This allows us to engage with local companies and government bodies, showcase cutting-edge solutions and contribute to the Kingdom's 2030 vision for a secure digital future. Our participation underscores the importance of such gatherings in facilitating knowledge exchange, networking, and collectively strengthening our cyber defenses, ultimately advancing the region's cyber resilience.” said Avinash Advani, CEO of CyberKnight.
