Global cybercrime costs are expected to surge by nearly 300 per cent to $23.84 trillion by 2027, up from nearly $6 trillion last year. Getty Images
Global cybercrime costs are expected to surge by nearly 300 per cent to $23.84 trillion by 2027, up from nearly $6 trillion last year. Getty Images
Global cybercrime costs are expected to surge by nearly 300 per cent to $23.84 trillion by 2027, up from nearly $6 trillion last year. Getty Images
Global cybercrime costs are expected to surge by nearly 300 per cent to $23.84 trillion by 2027, up from nearly $6 trillion last year. Getty Images

Why remote and hybrid work could fuel cyber attacks in 2023


Alkesh Sharma
  • English
  • Arabic

Remote and hybrid work models may expose new vulnerabilities and more surfaces to cyber attacks in 2023, industry experts have warned.

Driven by quick returns and encrypted nature of the business, cyber criminals will continue to exploit users’ weak and poorly managed home networks and devices to breach corporate networks, they said.

The majority of the attacks will be persuasive, more personal in nature targeting specific employees of the company and hitting commonly used business communication services and apps, such as Slack, Teams, ClickUp and ProofHub.

As 5G’s regional adoption accelerates, faster data transfer on mobile devices will make them as attractive to threat actors as to consumers
Paul Baird,
chief technical security officer at Qualys

“We see attackers steering away from targeting official work emails to ensnare their victims … they are finding more success by sending targeted social engineering campaigns to personal accounts of employees through text messages and third-party messaging apps such as WhatsApp,” Sundaram Lakshmanan, chief technology officer at California-based security company Lookout, told The National.

An increasing awareness of cyber threats has led to a rising investment in cyber security infrastructure worldwide.

“In 2023, we expect to see weaponised phishing attacks spreading their wings across commonly used business communication services and apps … [they] have traditionally been managed by anti-phishing toolbars and email security protections, but in near future phishing may scale beyond email and messages, spreading across communication channels in a much stealthier way,” said Jaspreet Singh, senior research scientist at security company Trellix, also based in California.

“While 'Zoombombing' and similar methods have been observed, we expect the use of business collaboration apps to grow as threat vectors.”

Zoombombing is the hijacking of video-conference calls by hackers.

Phishing, typically, comes in the form of fraudulent emails that aim to obtain personal information of victims, such as credit card details and sensitive data like usernames and passwords.

In January, US cyber security companies McAfee Enterprise and FireEye officially merged to form Trellix, to thwart cyber attacks and fight sophisticated criminals.

The US is expected to generate more than $63.24 billion in cybersecurity revenue this year – more than 40 per cent of the global sales. Reuters
The US is expected to generate more than $63.24 billion in cybersecurity revenue this year – more than 40 per cent of the global sales. Reuters

Driven by an increasing awareness of data risks and threats, the global cyber security market is poised for robust growth over the next few years.

The global cyber security market revenue is forecast to jump to $262.3 billion by 2027, a jump of more than 67 per cent from $156.35 billion this year, according to Statista.

The US, world’s biggest economy, will generate more than $63.24 billion in cyber security revenue this year — more than 40 per cent of total sales.

“Attackers will lean more on their powers of persuasion than on their malware kits as they step up social engineering attacks in the cloud … a single fake social media profile, leveraged in the right way, can allow a threat actor to impersonate a trusted vendor,” said Morey Haber, chief security officer at Atlanta-based security firm BeyondTrust.

“The threat actor will persuade victim after victim to divulge secrets or act in other ways contrary to their interest or that of their employer. The Lapsus$ [ransomware] group used social media to become an employee and then spoof access by calling a support helpdesk.”

In March, the UK police arrested seven people, including a teenage boy, following a series of online attacks by the Lapsus$ hacking group that hit major technology companies, including Okta and Microsoft.

Lapsus$ has publicly taunted its victims, leaking their source codes and internal documents. It has reportedly gone as far as to join the Zoom calls of companies they’ve breached, during which they have taunted employees and consultants trying to manage the hack.

The group has claimed to breach companies such as Samsung, Vodafone and Ubisoft.

Global cyber crime costs are also expected to surge by nearly 300 per cent to $23.84 trillion by 2027, from almost $6 trillion last year, according to data compiled by Statista and global bodies such as the Federal Bureau of Investigation and the International Monetary Fund.

Cyber crime costs include stealing and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data, fraud, post-attack interruption to the normal course of business, investigation cost, retrieval and deletion of compromised data and systems. This is in addition to the reputational harm caused to the enterprises.

The global adoption of fifth-generation wireless network connectivity — or 5G — will also attract bad actors, industry experts cautioned.

In 2023, we expect to see weaponised phishing attacks spreading their wings across commonly used business communication services and apps
Jaspreet Sign,
senior research scientist at Trellix

“As 5G’s regional adoption accelerates, faster data transfer on mobile devices will make them as attractive to threat actors as to consumers. And private 5G deployments for IoT [Internet of Things] and other use cases will introduce weak endpoints into otherwise secure ecosystems,” said Paul Baird, chief technical security officer at California-based cloud security firm Qualys.

In 2023, attackers will continue to target supply chains that have been disrupted by the Covid-19 pandemic.

However, instead of targeting key suppliers, they will look beyond the usual suspects to gain access into core networks. For example, this could include legal or accounting firms, Christian Borst, chief technology officer for Europe, Middle East and Africa at San Jose-based artificial intelligence threat detection and response company Vectra AI, said.

“A holistic approach may help turn the tables on the matter … supply chain means partnership … partnership means collaboration and supporting each other.

“Only as a mesh interconnected structure with consistent resiliency can companies thrive in the digital economy. This includes ensuring that they review the security policies of all those in the chain,” Mr Borst said.

A mesh network is a group of connectivity devices, such as different Wi-Fi routers. It includes multiple sources of connectivity instead of just a single router.

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

THE BIG MATCH

Arsenal v Manchester City,

Sunday, Emirates Stadium, 6.30pm

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

CHELSEA'S NEXT FIVE GAMES

Mar 10: Norwich(A)

Mar 13: Newcastle(H)

Mar 16: Lille(A)

Mar 19: Middlesbrough(A)

Apr 2: Brentford(H)

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

European arms

Known EU weapons transfers to Ukraine since the war began: Germany 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles. Luxembourg 100 NLAW anti-tank weapons, jeeps and 15 military tents as well as air transport capacity. Belgium 2,000 machine guns, 3,800 tons of fuel. Netherlands 200 Stinger missiles. Poland 100 mortars, 8 drones, Javelin anti-tank weapons, Grot assault rifles, munitions. Slovakia 12,000 pieces of artillery ammunition, 10 million litres of fuel, 2.4 million litres of aviation fuel and 2 Bozena de-mining systems. Estonia Javelin anti-tank weapons.  Latvia Stinger surface to air missiles. Czech Republic machine guns, assault rifles, other light weapons and ammunition worth $8.57 million.

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

Indika
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Expert input

If you had all the money in the world, what’s the one sneaker you would buy or create?

“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett

“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche

“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox

“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite

 “I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy

“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

SERIES INFO

Schedule:
All matches at the Harare Sports Club
1st ODI, Wed Apr 10
2nd ODI, Fri Apr 12
3rd ODI, Sun Apr 14
4th ODI, Sun Apr 16

UAE squad
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Zimbabwe squad
Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura

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%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%20%20%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E646hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E830Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ETwo-speed%20auto%20(rear%20axle)%3B%20single-speed%20auto%20(front)%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh552%2C311%3B%20Dh660%2C408%20(as%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20permanently%20excited%20synchronous%20motors%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E516hp%20or%20400Kw%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E858Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle%20speed%20auto%3Cbr%3E%3Cstrong%3ERange%3A%20%3C%2Fstrong%3E485km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh699%2C000%3C%2Fp%3E%0A

Tewellah by Nawal Zoghbi is out now.

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
The specs: 2019 GMC Yukon Denali

Price, base: Dh306,500
Engine: 6.2-litre V8
Transmission: 10-speed automatic
Power: 420hp @ 5,600rpm
Torque: 621Nm @ 4,100rpm​​​​​​​
​​​​​​​Fuel economy, combined: 12.9L / 100km

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

THE%C2%A0SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%20four-cylinder%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20210hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starting%20from%20Dh89%2C900%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3C%2Fp%3E%0A
Updated: January 12, 2023, 10:22 AM