Cybercrime costs Saudi Arabia SR 2.6 bn a year

Cybercrime costs Saudi Arabia SR 2.6 bn a year
Updated 19 October 2012

Cybercrime costs Saudi Arabia SR 2.6 bn a year

Cybercrime costs Saudi Arabia SR 2.6 bn a year

RIYADH: Consumer cybercrime has cost the Kingdom SR 2.6 billion in the past 12 months, according to a report released by Symantec yesterday. Symantec released the findings of its annual Norton Cybercrime Report, one of the world’s largest consumer cybercrime studies.
The study was aimed at understanding how cybercrime affects consumers, and how the adoption and evolution of new technologies impact people’s security.
With findings based on self-reported experiences of more than 13,000 adults across 24 countries, the 2012 edition of the Norton Cybercrime Report calculates the direct costs associated with global consumer cybercrime at $ 110 billion over the past 12 months.
In the Kingdom, it is estimated that more than 3.6 million people fell victim to cybercrime in the past 12 months, suffering an average of $ 195 (SR 730) in direct financial losses.
Every second, 18 adults become victims of cybercrime, resulting in more than 1.5 million cybercrime victims each day on a global level. With losses totaling an average of $ 197 per victim across the world in direct financial costs, cybercrime costs consumers more than a week’s worth of nutritional food necessities for a family of four. In the past 12 months, an estimated 556 million adults across the world experienced cybercrime, more than the entire population of the European Union. This figure represents 46 percent of online adults who have been victims of cybercrime in the past 12 months, on par with the findings from 2011 (45 percent).
In Saudi Arabia, 40 percent of the country’s social networking users have fallen victim to cybercrime on social networking platforms. Of the social networking users, 20 percent have been victims of social or mobile cybercrime in the past 12 months in the Kingdom compared to 21 percent globally.
This year’s survey showed an increase in “new” forms of cybercrime compared to last year, such as those found on social networks or mobile devices — a sign that cybercriminals are starting to focus their efforts on these increasingly popular platforms.
One in five online adults (21 percent) has been a victim of either social or mobile cybercrime, and 39 percent of social network users have been victims of social cybercrime. Specifically, 15 percent of social network users reported someone had hacked into their profile and pretended to be them; a 10th of social network users said they had fallen victim to a scam or fake link on social network platforms.
While 75 percent believe that cybercriminals are setting their sights on social networks, less than half (44 percent) actually use a security solution that protects them from social network threats, and only 49 percent use the privacy settings to control what information they share and with whom.
Nearly one-third (31 percent) of mobile users received a text message from someone they didn’t know requesting that they click on an embedded link or dial an unknown number to retrieve a “voice-mail”. “Cybercriminals are changing their tactics to target fast-growing mobile platforms and social networks, where consumers are less aware of security risks,” said Marian Merritt, Norton Internet safety advocate. “This mirrors what we saw in this year’s Symantec Internet Security Threat Report, which reported nearly twice the mobile vulnerabilities in 2011 from the year before.”
The 2012 report also reveals that most Internet users take the basic steps to protect themselves and their personal information, such as deleting suspicious e-mails and being careful with their personal details online. However, other core precautions are being ignored: 40 percent don’t use complex passwords or change their passwords frequently, and more than a third do not check for the padlock symbol in the browser before entering sensitive personal information, such as banking details, online.
In addition, this year’s report also indicates that many online adults are unaware as to how some of the most common forms of cybercrime have evolved over the years, and thus have a difficult time recognizing how malware, such as viruses, act on their computer. In fact, 40 percent of adults do not know that malware can operate in a discreet fashion, making it hard to know if a computer has been compromised, and more than half (55 percent) are not certain that their computer is currently clean and free of viruses.
“Malware and viruses used to wreak obvious havoc on your computer,” Merritt continued.


Saudi Arabia advances in global COVID-19 research ranking

Saudi Arabia advances in global COVID-19 research ranking
Education Minister Hamad Al-Sheikh. (SPA)
Updated 25 January 2021

Saudi Arabia advances in global COVID-19 research ranking

Saudi Arabia advances in global COVID-19 research ranking
  • Saudi Arabia continues to be ranked first in the Arab World and 12th among the G20 member states

RIYADH: Saudi Arabia has been ranked 14th internationally for its COVID-19 university research, rising from its previous 17th ranking, according to the database of the Web of Science.

The Kingdom continues to be ranked first in the Arab World and 12th among the G20 member states.

Education Minister Hamad Al-Sheikh thanked King Salman and Crown Prince Mohammed bin Salman for their support for education, for attaching great importance to research and innovation, and for supporting scientists and researchers in Saudi universities to become globally competitive.

He said that this achievement was a continuation of the efforts of the Kingdom in addressing the COVID-19 pandemic. This reflected the Kingdom’s capabilities when it came to managing crises.

Al-Sheikh said that Saudi universities had published 84 percent of the Kingdom’s COVID-19 research, and that the Kingdom had published 915 scientific papers by local scientists since the outbreak of the pandemic.

He thanked Saudi universities that contributed to publishing the research papers as well as the faculty members and researchers who were serving their community.

Al-Sheikh said that this achievement reflected the Ministry of Education’s keenness to organize events that enhanced the participation of Saudi universities, research centers, researchers and academics in supporting scientific research during the pandemic.

This was in addition to coordinating the efforts of universities through specialized workshops to improve the efficiency of research and its contribution to fighting COVID-19, discussing ways to prevent and treat the disease, and investing in the research capabilities of the staff of universities and research centers by finding scientific solutions that contributed to addressing the pandemic.