A recent survey by PricewaterhouseCoopers L.L.P. revealed that many Middle East companies are being targeted by cyber criminals, Khaleej Times reported.
Almost 40% of financial sector respondents were victims of cybercrimes. Joakim Sundberg, security solution architect at F5 Networks Inc., said that in recent times, financial companies "have had to cope with waves of damaging DDoS attacks." Mohammad Abbas, chief security officer of Bank Al Habib Ltd., said "cybercrime syndicates are now using even more sophisticated attacks to defense systems put in place by organizations and nations."