Cyber-attacks are the New Norm and Ransomware is on the Rise

By: Ehab Halablab, Regional Sales Director – Middle East at A10 Networks

Last year ransomware made a comeback, as worldwide mobile operators made aggressive strides in the transformation to 5G, and GDPR achieved its first full year of implementation. The industry saw some of the largest fines ever given for massive data breaches experienced by enterprises. As the spike in demand for ransomware-as-a-service tools in underground forums, coupled with the anonymity offered by the dark web, the surge in these types of cyberthreats should not be a surprise.

This year ransomware will continue to garner more international attention as a host of the not new, like the continued rash of DDoS attacks on government entities and cloud and gaming services, to the new and emerging.

Growth of ransomware

One reason for ransomware attacks gaining widespread popularity is because they now can be launched even against smaller players. Even a small amount of data can be used to hold an entire organisation, city or even country for ransom. The trend of attacks levied against global cities and governments will only continue to grow.

Below I can share three new strains of ransomware types introduced:

Modular or multi-levelled/layered ransomware and malware attacks will become the norm as this evasion technique becomes more prevalent. Modular attacks use multiple trojans and viruses to start the attack before the actual malware or ransomware is eventually downloaded and launched. 70 percent of all malware attacks will use encryption to evade security measures (encrypted malware attacks)

It is no surprise that cyber security skills gap will keep on widening. As a result, security teams will struggle with creating fool-proof policies and leveraging the full potential of their security investments.

Slow Adoption of new Encryption Standards

Although TLS 1.3 was ratified by the Internet Engineering Taskforce in August of 2018, we won’t see widespread or mainstream adoption: less than 10 percent of websites worldwide will start using TLS 1.3. TLS 1.2 will remain relevant, and therefore will remain the leading TLS version in use globally since it has not been compromised yet, it supports PFS, and the industry is generally slow when it comes to adopting new standards. Conversely, Elliptical-curve cryptology (ECC) ciphers will see more than 80 percent adoption as older ciphers, such as RSA ciphers, are disappearing.

Decryption: It’s not a Choice Any Longer

TLS decryption will become mainstream as more attacks leverage encryption for infection and data breaches. Since decryption remains a compute-intensive process, firewall performance degradation will remain higher than 50 percent and most enterprises will continue to overpay for SSL decryption due to lack of skills within the security teams. To mitigate firewall performance challenges and lack of skilled staff, enterprises will have to adopt dedicated decryption solutions as a more efficient option as next-generation firewalls (NGFWs) continue to polish their on-board decryption capabilities.

Cyber-attacks are now the new norm. Each year brings new threats, data breaches and operational challenges, ensuing that businesses, governments and consumers must always be on its toes. With the transformation to 5G mobile networks and the dramatic rise in IoT, by both consumers and businesses, the potential for massive and widespread cyber threats expands exponentially. Let’s hope that organizations, as well as security vendors, focus on better understanding the security needs of the industry, and invest in solutions and policies that would give them a better chance at defending against the ever-evolving cyber threat landscape.

Silicon Central is set to be the retail destination of choice for neighbouring communities

The shopping mall and management division of Abu Dhabi-based Lulu Group International, Line Investments & Property LLC (LIP) boasts an impressive portfolio of malls through the Gulf and India. Moreover, with a strategic vision for future growth and development across the GCC, LIP reiterates its position as a renowned industry leader in offering the right kind of support to make any brand a sure-fire winner as it introduces its retail project in Silicon Oasis.

LIP’s latest development is Silicon Central in Dubai, a three-level retail and leisure destination that will provide an enhanced shopping experience to its neighbouring communities.

With a total of 220 stores in 81,500m2, Silicon Central will include a 9,000m2 hypermarket and a 7,800m2 department store, alongside a 35,500m2 array of retail shops and services that will offer a broad mix of brands tailored to ensure shoppers’ complete satisfaction.

Adding to the unique shopping experience, a diverse range of dining options will comprise of 24 casual restaurants and cafes as well as 21 food court units, making it the perfect place to catch up with friends and families in an enjoyable atmosphere or to enjoy a quick snack on the run.

A wide range of entertainment options are also on offer, including a 12-screen cinema, a 6,800m2 Family Entertainment Centre, incorporating a 2,000m2 New Generation Entertainment Centre for both kids and grownups to stay active, plus a 2,500m2 gym to keep the community in shape. It’s all about convenience and accessibility, with nothing forgotten, including 3,500 car parking spaces.

With such a broad range of options, Silicon Central is set to be the destination of choice for families and entertainment seekers throughout its immediate catchment area, which takes in a population of 500,000 people, and further afield.

LIP’s success and commitment to excellence have not gone unnoticed either, with the organisation picking up five awards at the Retail Congress MENA Awards 2019.

Held in the Ritz Carlton, DIFC, the Awards Ceremony honoured the most outstanding achievers in the shopping mall industry in the MENA region. LIP took part in the event together with entries from Mall of Um Al Quwain, Al Wahda Mall, Mushrif Mall, and Khalidiyah Mall, winning one gold and four silver awards in the following categories:

Design & Development

Mall of Um Al Quwain (Gold)

Net Operating Income (NOI) Enhancement

Al Wahda for Celebrity Visit (Silver)

Traditional Marketing:  Cause-Related Marketing

Al Wahda Mall for Operation Smile (Silver)

Traditional Marketing: Digital/Social Media

Khalidiyah Mall for Enhanced Website (Silver)

Traditional Marketing: Sales Promotion

Mushrif Mall for Talentology 2019 (Silver)

The winners of the Retail Congress MENA Awards 2019 were selected by a jury of regional and international industry experts in retail.

Mr. Salim MA, Director Lulu Group International  said, “Our vision is to enhance the retail experience for our customers and partners and receiving awards for all the malls that took part is a testimony that the Line Investments & Property team is committed to excellence in the new age initiatives and community events they bring to the malls.”

With unparalleled expertise stretching across every conceivable specialist field of endeavour, including location-sourcing, design, development, management and marketing, LIP is fully committed to being the preferred investment and property management company in the retail and real estate sector of the regions it operates in. It currently offers 360-degree retail solutions in 23 malls in six countries, with several further properties planned for the future in new cities and markets.