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$6 trillion lost in 21 years: CAIT
Kuwait City, 18th December: Dr. Ammar Al-Husaini, Acting Director General of the Central Agency for Information Technology (CAIT), on Sunday. During the opening session of the 4th Kuwait Conference on Combating Cybercrime, Dr. Al-Husaini explained that these crimes have become a major cause of resource depletion as it leads to data corruption, intellectual property theft, personal data theft and financial theft. Losses from electronic crime are estimated at more than $6 trillion in 2021 and are expected to rise to $10 trillion by 2025, he said.
Al-Husaini mentioned that social media platform abuse and e-crime are directly related to the lack of awareness, as data shows that only 10% of victims report crimes. He emphasized that all citizens must be aware of e-crime laws, know their rights and responsibilities, and avoid becoming victims of cybercrime. Dr. Al-Husaini called for greater public and private sector cybersecurity and further cooperation to develop technology and security systems and improve security indicators.
Lieutenant General Ammar Al-Saraf of the Ministry of Interior said that the Electronic and Cybercrime Strike Department is facing huge challenges in terms of privacy protection, especially with the latest developments in artificial intelligence and metaverse. He stressed the need to update the cybersecurity legislative framework and hopes to establish a cybersecurity center as soon as possible. Kuwait’s 4th Cybercrime Combat Conference, attended by technologists and experts in the field, was organized by CAIT and the Ministry of Interior for two days. (kuna)