Thursday 27 July 2017

Uncovered: School for credit card fraud gangs

By analyzing hundreds of criminal forums, Digital Shadows, leader in digital risk management, has discovered a new trend in the form of remote learning ‘schools’ pointing to an ecosystem enabling  fraudsters s to up-skill themselves. Available to Russian speakers


Why GCC will find it hard to diversify from hydrocarbons

The GCC economies' high concentration and dependence on the hydrocarbon sector, which averaged about 30 per cent of GDP and 60 per cent of total exports over 2015-2016 could become a credit negative factor when not offset by substantial financial buffers, a report said. Despi


Female leadership in GCC firms stays below 2pc

Representation of women on company boards remains very low across the region with women holding no more than 2 per cent of board seats in the GCC region, a report said. However, some strategies to increase women’s representation on boards are making their way in a few count


Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report. The acceleration of global trade in the first half of 2017 is expected to be felt unevenly across GCC ec


Data breach a growing concern for retailers - report

Two in five retailers across the globe have experienced a data breach in the past year, according to the 2017 Thales Data Threat Report, Retail Edition, released today. The report, issued by Thales, a leader in critical information systems, cybersecurity and data security, in con


ME outbound M&A value hits record $17.2bn in Q2

Cross-regional deals originating from the Middle East trebled from the first quarter (Q1) of 2017 to Q2, reaching $17.2 billion - the highest outbound M&A value since 2015, which was a record-breaking year for cross-regional M&A, a report said. However, deal volume fell b


GCC drones market likely to hit $1.5bn by 2022

The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of the PwC network. By leveraging their capabilities and resources, these


Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report. Nevertheless, the reduction of monetary stimulus that helpe


Careless staff among top causes of cyberattacks

Uninformed or careless employees are one of the most likely causes of a cybersecurity incident — second only to malware, said a new report, adding that staff hide IT security incidents in 44 per cent of businesses in Saudi Arabia. With 46 per cent of IT security incidents c


PC shipments in EMEA decrease 3.5pc in Q2

PC shipments in EMEA (Europe, Middle East and Africa) totalled 17 million units in the second quarter of 2017, a 3.5 per cent decline year over year, according to preliminary results by Gartner, leading research and advisory company. Globally, PC shipments totalled 61.1 million u

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