Companies and governments are having to grapple with “more and bigger” cyber attacks as well as increasingly sophisticated phishing techniques and a huge rise in AI bots. Global ransomware attacks against critical industries, including energy and manufacturing, rose 34%year-on-year.
Speaking on a ‘hard realities of cyber threats’ panel at Davos 2026, Canadian businesswoman Michelle Zatlyn said, “Financial institutions are taking cybersecurity seriously and are well protected. But there is a ‘messy middle’ where it hasn’t been adopted for a range of reasons.”
Hatem Dowidar, CEO of Etisalat, the UAE telecommunications firm, said with increasing threats on infrastructure and growth in digitally-oriented sectors such as electric vehicles, there is a risk that cyber threats are becoming “weaponised”.
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