DarkMatter Group today released the first semi-annual Cyber Security Report for 2019 revealing that critical infrastructure sectors, including Oil & Gas, Financial, Utilities and Transportation, are in the firing line from a growing incidence of cyberattacks across the UAE and wider Middle East.
The report analyzes threats and trends observed by DarkMatter between October 2018 and March 2019 providing a snapshot of the cybersecurity environment in the UAE and the wider region.
The Middle East breaches are both widespread, frequently undetected, and increasingly appear to be state-sponsored. Cybercriminals are aiming their weapons where it hurts the most at critical infrastructure, with potentially devastating effects on the security of nations and their citizens. The report found that the most significant threats to regional critical infrastructure organisations came from eight malicious threat actors and campaigns, motivated by espionage and then sabotage. Spear phishing was found to be the principal method of attack to gain access to targets.
“Cybersecurity breaches in the region pose a genuine risk to critical sectors as cybercriminals harness new technologies to launch sophisticated and targeted attacks,” said Karim Sabbagh, CEO of DarkMatter Group.
“The intent of the attacks we’re observing is to undermine the progressive social, economic, and digital agendas in the Middle East. Organizations in the region have a short window of time to transform their cyber security posture and demonstrate stronger resilience in the face of escalating and increasingly sophisticated cyber security threats.”
Key Economic Pillars at Risk
The report focuses on the global significance of targeted attacks on the UAE’s critical infrastructure sectors. Of these, the oil and gas sector faces the greatest vulnerability to cybersecurity breaches. In the Middle East, an estimated 75% of regional oil and gas companies have had their security in their operational technology compromised. The commercial and strategic importance of this industry to the region makes it an attractive target for geopolitical or economic rivals.
The financial, transportation, and water and electricity sectors also face widespread risk from advanced cyberattacks.
DarkMatter’s analysis identified intrusion sets such as Bitter, Molerats, MuddyWater, Chafer, DarkHydrus, Shamoon 3, OilRig, and DNSpionage,which are actively deployed in the region with the objective to disrupt critical infrastructure sectors. Shamoon 3 in particular has been deployed with the intent to sabotage major organisations.
Advanced Digital Ecosystem Vulnerable to Attacks
The UAE has the second-highest smartphone adoption rate globally and is one of the world’s most digitally interconnected societies. This digital ecosystem offers an expanded surface for cyberattacks. DarkMatter observed numerous incidents across the region where critical infrastructure was compromised through technology-connected assets. Most of the attacks leveraged outdated and unsupported software, and weak passwords resulting in unauthorised remote access.
“DarkMatter’s analysis indicates that public-facing assets in the UAE will continue to be targeted by global threat actors. Organisations must prioritize an improved security posture with continuous monitoring and patching of cyber threats to protect their assets and those of stakeholders,” Sabbagh added.
Actionable Insights
The report concludes with a list of organizational and technical cyber security practices for businesses and governments to implement to improve their security posture.
“In this digital battlefield, while organisations believe they have most of the security management controls in place to mitigate cyber security risks, the reality is that technical control and capabilities to address the cyber security challenge are markedly lagging behind. So there’s a considerable risk that if an attack happens, it may well be successful. The C-Suites must and can readily take steps to effectively manage holistically their security posture in order to be better prepared against escalating malicious attacks,” concluded Sabbagh.
Discussion about this post