19 Oct Cybersecurity Underpins Saudi Arabia’s Digital Future
in Blogs
This week in cybersecurity from the editors at Cybercrime Magazine
Sausalito, Calif. – Oct. 19, 2026
– Read the Full Story in Arab News
Cybersecurity Ventures projected that global cybercrime damages would reach $10.5 trillion annually by 2025, up from $3 trillion in 2015 and $6 trillion in 2021, according to Cybercrime Magazine.
The figures underscore the scale of the threat facing an interconnected world, where a single breach can trigger financial losses, expose confidential information and undermine an organization’s reputation.
For Saudi Arabia, cybersecurity has assumed particular importance as the Kingdom accelerates its digital transformation.
The expansion of e-government services and the rapid adoption of electronic payments have made secure digital infrastructure indispensable. Arab News reports that electronic payments accounted for 85 percent of retail payments in 2025, surpassing the Saudi Vision 2030 target of 70 percent.
This progress highlights the growing importance of protecting the systems on which individuals, businesses and public institutions increasingly depend.
The Kingdom has also ranked first globally in the cybersecurity indicator of the IMD World Competitiveness Yearbook for three consecutive years through 2026
As Saudi Arabia advances the ambitions of Vision 2030, a secure digital environment will be vital to maintaining public confidence, encouraging innovation and protecting the gains of economic transformation.
Read the Full Story
Cybercrime Magazine is Page ONE for Cybersecurity. Go to any of our sections to read the latest:
- SCAM. The latest schemes, frauds, and social engineering attacks being launched on consumers globally.
- NEWS. Breaking coverage on cyberattacks and data breaches, and the most recent privacy and security stories.
- HACK. Another organization gets hacked every day. We tell you who, what, where, when, and why.
- VC. Cybersecurity venture capital deal flow with the latest investment activity from various sources around the world.
- M&A. Cybersecurity mergers and acquisitions including big tech, pure cyber, product vendors and professional services.
- BLOG. What’s happening at Cybercrime Magazine. Plus the stories that don’t make headlines (but maybe they should).
- PRESS. Cybersecurity industry news and press releases in real time from the editors at Business Wire.
- PODCAST. New episodes daily on the Cybercrime Magazine Podcast feature victims, law enforcement, vendors, and cybersecurity experts.
- RADIO. Tune into WCYB Digital Radio at Cybercrime.Radio, the first and only round-the-clock internet radio station devoted to cybersecurity.
Contact us to send story tips, feedback and suggestions, and for sponsorship opportunities and custom media productions.
