DeNexus Blog - Industrial Cyber Risk Quantification

Middle East Cybersecurity Teams Seek Increased Funding

Written by DeNexus | Feb 9, 2024 11:27:00 PM

More than half of cybersecurity leaders in the Middle East cite a lack of funding as the top challenge in doing their jobs.

According to new research from Deloitte, some 51% of respondents cited the lack of funding, compared to 36% of security leaders worldwide.

That said, cybersecurity spending in the Middle East and Africa is set to top $238 billion in 2024, according to Gartner — a huge rise from a projected $2.6 billion in 2022 — in light of increased attacks against targets in the regions.

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