“Cyber security is one of the most important concerns of our age. We live in an era that is completely different from all in the past, as advanced technologies such as smart phones have entered various aspects of our lives,” said Majeed Al Mesmar, acting director-general of the UAE Telecommunications Regulatory Authority. “As technology has brought prosperity and progress to the lives of millions of people, it has led to serious security risks,” Al Mesmar added, speaking at the ‘Cyber Defence Live’ conference in Dubai. “There is no signs these risks will diminish.” To demonstrate this point, Al Mesmar highlighted recent statistics that indicate that cyber crimes are expected to cost the world $6 trillion by 2021, compared to $3 trillion just a year ago. Another report, from IT analysts Gartner, estimated that the increased risk led spending in cyber security will reach $80 billion in 2016 – but regardless of how much is spent […]