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Kaspersky findings show a 17% increase in phishing attacks in Bahrain-

October 22, 2020

Kaspersky Security Network (KSN)’s latest statistics have revealed the changing cyber threat landscape across the GCC region. Bahrain had the highest significant increase of 17% in phishing malware during the first half of this year as compared to the same period last year. The latest findings from KSN have disclosed that the phishing attacks seen across the GCC region have decreased by 16.4% in the first half of 2020 as compared to the same period last year.

The Kaspersky Security Network (KSN) is a specialized infrastructure designed to process threat information and transforms them into actionable insights. The second-highest increase in phishing malware is in Kuwait with a 12.2% increase. Saudi Arabia follows with an increase of 3.4% increase in phishing malware.

Maher Yamout, Senior Security Researcher at Kaspersky, commented on these findings saying, “There is no doubt that within the GCC region, organisations and individuals are prone to various forms of cyber threats. As the world navigates its way through this new normal and adapting to working from home, this change comes with its own set of cyber threats that everyone needs to adapt. These findings display the importance of being vigilant about the different malware that could pose a potential risk.”

As countries continue to navigate through this pandemic, people around the world make the shift towards online shopping and keeping themselves entertained by streaming their favorite shows. Cybercriminals specializing in phishing attacks have caught onto this trend by creating landing pages that replicate those of popular websites. By disguising as a legitimate website these phishing attacks, bait the user into sharing important information. Phishing attacks allow cybercriminals to steal private information and credentials to take your money or identity. Phishing still is the dominant technique used for initial access to compromise a system, and is on the rise especially due to an increase in Covid-19 related phishing emails.

The findings have also revealed that Bahrain had a slight increase of 2.6% in ransomware malware over the same period this year. Even with the decrease in ransomware malware in the GCC (40.3%) region, this is still a prominent threat that Bahrain faces. Despite the increase, that Bahrain has seen in phishing and ransomware attacks, the country saw a significant decrease of almost 40% in financial attacks. This decrease in financial attacks is a promising outlook on the cyber threat landscape across the country.