Egypt's stocks close in red on Monday as benchmark EGX 30 dips 0.07%    Egypt's stocks start week higher, benchmark EGX 30 gains 0.48%    Fitch affirms Egypt's long-term foreign currency issuer default rating at B+    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Russia to lift COVID restrictions on flights to Egypt's Red Sea resorts on Nov. 9    Egypt, Greece ink deal for first subsea power link between Europe and Africa    Egypt hosts regional conference of EU refugee agency EASO    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Over 100 officials resign from Tunisia's main Islamist party    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egyptian court bans use of mosques for political purposes    Brazil calls up 8 EPL players for World Cup qualifying    Refugees in fear as sentiment turns against them in Turkey    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Egypt highly susceptible to cyber attacks, says report
Published in Daily News Egypt on 26 - 07 - 2009

CAIRO: Egypt is, in a lot of ways, a regional leader - economically, politically, culturally. The largest country in the Middle East is also first among its peers for something rather more notorious: susceptibility to online attacks.
Symantec Corp., a leading internet security firm from California, issued its annual Internet Security Threat Report (ISTR), ranking each country based broadly on the amount of malicious cyber activity taking place there.
Egypt ranked second in the region - after Israel - and worst among the Arab states. Its global ranking was 26 (with 1 being the worst), deteriorating from 34 last year. The study ranked 230 countries.
The increase in Egypt's vulnerability, says Johnny Karam, regional director of Middle East and North Africa for Symantec, has much to do with the recent dramatic rise in internet use among the country's 80 million strong population.
Karam called Egypt an "emerging internet infrastructure and indicated that this phase of a country's internet growth rendered it particularly vulnerable to cyber attacks.
"The reason for Egypt's prominence, he said, "is this measurement may be that many Egyptians still primarily use internet cafes or other publicly accessible shared computers to access the internet. Public computers used by large numbers of people for a wide variety of purposes have an increased window of exposure to attack.
At this stage in Egypt's internet growth, many households are beginning to install internet, whereas many in the lower income brackets, who had never used internet, are beginning to find their ways to cafes in cities across the country.
This transitional period has created vulnerabilities that hackers have begun taking advantage of.
"We've seen [the trend] in each and every country that opens up the internet highway, Karam said.
In collecting data for its reports, Symantec deploys 240,000 sensors worldwide. The sensors act as decoy accounts to track malicious behavior, be it spam, virus, phishing, or hacking.
Through this work, Karam says, his company has noticed worrying trends in the motives of these internet bandits.
For a long time, rogue hackers perpetrated crimes for sport. Today, though, the activities have become much more organized, originating most frequently out of Russia, and center their operations around making money.
Russia leads the internet fraud industry, with 50 percent of phishing attacks originating there. Phishing is a practice in which internet users are fooled into giving up sensitive information, including passwords and credit card numbers.
Around 78 percent of threats, said Karam, were for the purpose of stealing data.
Stealing credit cards become an increasingly popular trend. Because it's so easy to do, black market merchants sell the stolen lines of credit for between $.06 and $30.
While emerging internet infrastructures dot the top of the ISTR, other more advanced countries also fall victim to internet predators.
The United States, China, Germany and the UK - in that order - top the list for the second year running.
So as Egypt elbows its way into the internet era, the road ahead will be fraught with challenges.
Awareness, says Karam, is critical to a country's ability to control internet crime. Gulf countries like Kuwait, Bahrain, the United Arab Emirates and Qatar have managed to get somewhat of a hold of internet crimes in their countries. For each, their latest rankings moved little, indicating that the increase in crime is stabilizing.
These countries have managed to boost their internet crime awareness campaigns. These efforts, notes Karam, must extend not only to individuals, but also to companies, governments, and service providers.
Karam says Symantec has been out front in pushing countries to establish Computer Emergency Response Teams (CERTs) in order to be prepared to combat cyber crimes. The UAE has established a CERT he says will play a major role in securing the internet there.
Egypt's financial sector is becoming increasingly reliant on the internet. Banks are moving towards online banking, while brokerages store a growing amount of sensitive data on their servers. Securing Egypt's internet will be a critical component in that continued growth, especially since much of the banking sector's momentum in Egypt is predicated on the idea that money is more secure in a bank than under the proverbial mattress.
Egypt's uptick in cyber crimes and its tumble in the world rankings are signs of a changing culture. Symantec's new report, though, unequivocally states that with a growing internet infrastructure must come the parallel growth of a cyber security apparatus.

Clic here to read the story from its source.