At least 400 financial institutions in Bahrain are reportedly facing active hacking threats from internet hackers.
According to a cybersecurity expert, at least 400 financial institutions in Bahrain—including banks, insurance companies and finance portfolios—are facing threats from internet hackers. The Gulf region’s wealth of active infrastructure and financial institutions makes it a prime target for cyberattacks. The article highlights the need for increased cybersecurity investments in Bahrain and notes that cyberattacks cost 57% of Middle Eastern companies more than $500,000, compared with 33% worldwide.
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