The cybersecurity landscape in the UAE has encountered substantial challenges in 2024, with malware detections spiking by 65.3% and URL-based threats climbing by 36.9%, according to data from the Acronis Threat Research Unit. Although ransomware detections saw a slight decline, the underlying risks remain significant, indicating that many organizations may still be exposed to cyber threats.
This growing demand for robust data protection and cybersecurity solutions has fueled a 68% year-over-year revenue growth for Acronis, a leading cyber protection company in the region.
Underreported Ransomware Incidents
“The low number of ransomware incidents reported could be just the tip of the iceberg, as many cases remain undisclosed,” cautioned Ziad Nasr, General Manager of Acronis Middle East. He emphasized the serious consequences these threats could have on businesses throughout the region.
In response to escalating cybersecurity concerns, Acronis has partnered with Etisalat (e& enterprise) to launch a cutting-edge Cyber Cloud Data Centre in Abu Dhabi in Q2 2024. This state-of-the-art facility incorporates advanced AI and machine learning technologies, providing Managed Service Providers (MSPs) and enterprise IT departments with scalable solutions that enhance data security and regulatory compliance.
“Our data centre expansion is not merely about growth—it’s about empowering our customers with faster, more secure solutions tailored to the regional market,” Nasr explained.
Expanding Partnerships and Market Reach
Acronis’s partnerships with 160 MSPs in the region have expanded its reach and bolstered service delivery capabilities. As the UAE government continues to push digital transformation initiatives, Acronis remains committed to further investing in tailored solutions to meet the evolving needs of businesses.
The company is particularly focused on addressing vulnerabilities faced by UAE businesses as they accelerate their digital transformation journeys.
Adaptive Cybersecurity to Combat Emerging Threats
Acronis is concentrating on adaptive cybersecurity strategies, enabling organizations to safeguard themselves against advanced threats such as Advanced Persistent Threats (APTs) and vulnerabilities arising from IoT devices. As cybercriminals evolve their tactics, companies must adapt, and cybersecurity leaders like Acronis are expected to provide the tools and support necessary to help businesses mitigate these risks effectively.
Looking ahead to 2025, Acronis anticipates an increase in sophisticated cyberattacks targeting critical infrastructure and the financial sector, especially as the UAE solidifies its position as a global financial hub. Data breaches, ransomware incidents, and threats to energy, oil, and gas sectors are expected to rise, with cybercriminals focusing on disrupting industrial systems and exploiting smart city technologies.
Phishing attacks are also forecasted to become more sophisticated, leveraging AI and deepfake technologies. The emergence of quantum computing is likely to challenge traditional security measures, posing significant risks. “As cybercriminals evolve, so must our defenses. With more data migrating to the cloud, cybercriminals are following. Our approach must adapt to protect not just the data but the systems that power our businesses,” Nasr concluded.
