NEWS
NEWS
Most organisations hit by cyberattacks, says Rubrik report
New research from Rubrik Zero Labs indicates that 90 % of IT and security executives reported their organisations experienced cyberattacks in the past year.
The report, The State of Data Security in 2025: A Distributed Crisis, is based on insights from over 1,600 IT and security leaders across 10 countries( half of whom were CIOs or CISOs), highlights the challenges posed by hybrid environments, leading to what it describes as a cloud security crisis.
The report found that nearly a fifth of organisations globally experienced more than 25 cyberattacks in 2024. Common attack vectors included data breaches, malware, cloud or SaaS breaches, phishing and insider threats. The attacks resulted in increased security costs( 40 %), reputational damage( 37 %) and forced leadership changes( 33 %).
The adoption of AI and cloud technologies has exacerbated data sprawl, with 90 % of IT and security leaders managing hybrid cloud environments. This has led to challenges in securing data across varied ecosystems( 35 %), a lack of centralised management( 30 %) and insufficient visibility and control over cloud-based data( 29 %).
Ransomware remains a significant threat, with 86 % of organisations paying ransoms after a successful attack. Nearly three-quarters( 74 %) of organisations said threat actors were able to partially compromise back-up and recovery systems, while 35 % said their systems were completely compromised. Identity threats are also intensifying, with 92 % of organisations using between two and five cloud and SaaS platforms, creating vulnerabilities.
BitOasis Bahrain to operate under Crypto-Asset Services License from Central Bank of Bahrain
BitOasis, the Middle East and North
Africa’ s, regional virtual assets trading platform, has launched operations in Bahrain, reinforcing its position as the region’ s broker-dealer platform. BitOasis Bahrain will operate under a Crypto-Asset
Services License from the Central Bank of Bahrain, delivering secure, compliant, and robust trading services for retail, corporate and institutional users.
Designed to cater to all types of traders, it offers an easy-to-navigate interface for beginners, while also providing advanced features for more experienced traders seeking sophisticated tools.
To expand its presence in the region, BitOasis has launched premium services for high-net-worth individuals and institutional clients, featuring exclusive VIP offerings and dedicated relationship support. The platform also supports local bank transfers, ensuring seamless and efficient deposits and withdrawals across the GCC.
“ Today marks a significant milestone as we proudly launch BitOasis in Bahrain,” said Ola Doudin, CEO and Co-founder of BitOasis.“ With the backing of CoinDCX for over a year now, we are accelerating that mission. CoinDCX’ s 200 + strong technology team now powers the platform’ s backend, unlocking faster performance, deeper liquidity, stronger security, and a significantly enhanced product suite. Our ambition is clear: to reach one million users across the region by 2026, setting the gold standard for compliance, innovation, and customer experience.”
This milestone comes at a time when the MENA region is rapidly emerging as one of the fastest-growing virtual asset markets globally. Fuelling this momentum are forward-looking government initiatives across the GCC. Countries like the UAE are making significant investments in Blockchain and digital infrastructure, signalling strong institutional support for the long-term growth of the sector.
10 www. intelligentfin. tech