Report: Government, Education Sectors, Banks in Middle East See Highest Data Leak Incidents

A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken March 1, 2017. (File Photo: Reuters)
A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken March 1, 2017. (File Photo: Reuters)
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Report: Government, Education Sectors, Banks in Middle East See Highest Data Leak Incidents

A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken March 1, 2017. (File Photo: Reuters)
A man types on a computer keyboard in front of the displayed cyber code in this illustration picture taken March 1, 2017. (File Photo: Reuters)

InfoWatch Group has released a report on confidential data leaks from organizations in the Middle East, covering the period from July 1, 2017, through June 30, 2018.

According to InfoWatch Analytical Center, local government agencies and educational institutions experienced 36 percent and 20 percent of all leaks, respectively which is twice as many as worldwide average.

While 66 percent of all global incidents over the reporting period affected personal data, the majority - over 38 percent – of Middle Easter data breaches compromised trade secrets and know-how, with personal data in the region leaked in less than 30 percent of cases.

The Group's Business Development Director for Middle East and InfoWatch Gulf's CEO Kristina Tantsyura noted that the difference between global and regional leak breakdowns by data type is largely due to political and economic landscapes of the Middle East.

“Countries’ specifics and possible tensions among Gulf states have a significant effect here. The Middle East countries see public uproar when information of political or technological value is compromised as a result of either external attacks on government agencies and manufacturing enterprises or malicious and negligent actions by their employees,” she announced.

External intruders caused two thirds of all leaks from the Middle East companies, while, almost the same share worldwide 63 percent was attributed to internal offenders.

“Internally-triggered leaks are just as dangerous for the Middle East as external ones, despite their relatively small share here,” said Tantsyura.

The CEO explained that internal data breaches in the region were mostly of malicious nature and often compromised extremely sensitive data, leading to severe consequences, even damage to national defense capability.

One in five incidents in the Middle East was caused by non-privileged, rank-and-file employees, while top managers were at fault 2.5 times more often than globally.

While the network channel was used in the majority of enterprise data leaks over the period, both worldwide and in the Middle East, there is a big difference in local and global leak breakdown by channel.

The shares of leaks through mobile devices and instant messengers in the Middle East were more than three and almost four times larger than global figures, respectively.

“The analysis of publicly available cases shows that government agencies and most businesses in the Middle East lack reliable tools to protect themselves against both external and internal leaks,”noted the CEO.

She advised Middle East companies to reconsider their security approach in terms of both information handling and use of particular external and insider threat protection tools that should combine Data Loss Prevention (DLP) with User and Entity Behavior Analytics (UEBA) technology, which analyzes enterprise information flows and uses machine learning-based models to predict cybersecurity risks.

The report relies on the InfoWatch Analytical Center’s own database that aggregates publicly reported data leaks, which hit profit and non-profit organizations and resulted from malicious or negligent actions by employees or criminals from the outside.

InfoWatch Group is a Russian vendor of end-to-end enterprise cybersecurity solutions that effectively protect businesses against the most pressing internal and external threats.



China to Boost Exports, Imports in 2026, Seeking ‘Sustainable’ Trade, Official Says

A woman walks in Ritan park one day after a heavy snowfall in Beijing on December 13, 2025. (AFP)
A woman walks in Ritan park one day after a heavy snowfall in Beijing on December 13, 2025. (AFP)
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China to Boost Exports, Imports in 2026, Seeking ‘Sustainable’ Trade, Official Says

A woman walks in Ritan park one day after a heavy snowfall in Beijing on December 13, 2025. (AFP)
A woman walks in Ritan park one day after a heavy snowfall in Beijing on December 13, 2025. (AFP)

China plans to expand exports and imports next year as part of efforts to promote "sustainable" trade, a senior economic official said on Saturday, state broadcaster CCTV reported.

The trillion-dollar trade surplus posted by the world's second-largest economy is stirring tensions with Beijing's trade partners and drawing criticism from the International Monetary Fund and other observers who say its production-focused economic growth model is unsustainable.

"We must adhere to opening up, promote win-win cooperation across multiple sectors, expand exports while also increasing imports to drive sustainable development of foreign trade," Han Wenxiu, deputy director of the Central Financial and Economic Affairs Commission, told an economic conference.

China will encourage service exports in 2026, Han said, pledging measures to boost household incomes, raise basic pensions and remove "unreasonable" restrictions in the consumption sector.

He restated the government's call to rein in deflationary price wars, dubbed "involution", where firms engage in excessive, low-return rivalry that erodes profits.

The IMF this week urged Beijing to make the "brave choice" to curb exports and boost consumer demand.

"China is simply too big to generate much (more) growth from exports, and continuing to depend on export-led growth risks furthering global trade tensions," IMF Managing Director Kristalina Georgieva told a press conference on Wednesday.

Economists warn that the entrenched imbalance between production and consumption in the Chinese economy threatens its long-term growth for the sake of maintaining a high short-term pace.

Chinese leaders promised on Thursday to keep a "proactive" fiscal policy next year to spur both consumption and investment, with analysts expecting Beijing to target growth of around 5%.


UK Economy Unexpectedly Shrinks in October

People exit the London Underground station at Bank, outside the Bank of England (L) and the Royal Exchange building (back R) in central London on December 12, 2025. (Photo by HENRY NICHOLLS / AFP)
People exit the London Underground station at Bank, outside the Bank of England (L) and the Royal Exchange building (back R) in central London on December 12, 2025. (Photo by HENRY NICHOLLS / AFP)
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UK Economy Unexpectedly Shrinks in October

People exit the London Underground station at Bank, outside the Bank of England (L) and the Royal Exchange building (back R) in central London on December 12, 2025. (Photo by HENRY NICHOLLS / AFP)
People exit the London Underground station at Bank, outside the Bank of England (L) and the Royal Exchange building (back R) in central London on December 12, 2025. (Photo by HENRY NICHOLLS / AFP)

Britain's economy unexpectedly contracted again in October, official data showed Friday, dealing a blow to the Labour government's hopes of reviving economic growth.

Gross domestic product fell 0.1 percent in October following a contraction of 0.1 percent in September, the Office for National Statistics said in a statement.

Analysts had forecast growth of 0.1 percent.

Manufacturing rebounded in the month as carmaker Jaguar Land Rover resumed operations after a cyberattack that had weighed on the UK economy in September, AFP reported.

But analysts noted that businesses and consumers reined in spending ahead of Britain's highly-expected annual budget.

"Business and consumers were braced for tax hikes and the endless speculation and leaks have once again put a brake on the UK economy," said Lindsay James, investment manager at Quilter.

Prime Minister Keir Starmer's Labour party raised taxes in last month's budget to slash state debt and fund public services.

At the same time, Britain's economic growth was downgraded from next year until the end of 2029, according to data released alongside the budget.

Finance Minister Rachel Reeves raised taxes on businesses in her inaugural budget last year -- a decision widely blamed for causing weak UK economic growth and rising unemployment.

She returned in November with fresh hikes, this time hitting workers.
Analysts said that Friday's data strengthened expectations that the Bank of England would cut interest rates next week.


Gold Hits Seven-week High on Safe-haven Demand; Silver Notches Peak

FILE PHOTO: A goldsmith works on a gold necklace at a workshop in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave/File Photo
FILE PHOTO: A goldsmith works on a gold necklace at a workshop in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave/File Photo
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Gold Hits Seven-week High on Safe-haven Demand; Silver Notches Peak

FILE PHOTO: A goldsmith works on a gold necklace at a workshop in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave/File Photo
FILE PHOTO: A goldsmith works on a gold necklace at a workshop in Ahmedabad, India, October 8, 2025. REUTERS/Amit Dave/File Photo

Gold prices rose to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high.

Spot gold rose 0.7% to $4,311.73 per ounce by 0945 GMT, its highest level since October 21, and set for a 2.7% weekly gain, Reuters reported.

US gold futures gained 0.7% to $4,343.50.

The dollar hovered near a two-month low, and was on track for a third straight weekly drop, making bullion more affordable for overseas buyers.

Additionally, "the sharp rise in US weekly jobless claims as well as US-Venezuela tensions are underpinning gold and keeping haven demand strong," said Zain Vawda, analyst at MarketPulse by OANDA.

US jobless claims rose by the most in nearly 4-1/2 years last week, reversing the sharp drop seen in the previous week.

The US Federal Reserve trimmed rates by 25 basis points for the third time this year on Wednesday, but indicated caution on additional cuts.

Investors are currently pricing in two rate cuts next year, and next week's US non-farm payrolls report could provide further clues on the Fed's future policy path.

Non-yielding assets such as gold tend to benefit in low-interest-rate environment.

On the geopolitical front, the US is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week.

Meanwhile, India saw widening gold discounts this week as demand remained subdued despite the wedding season, while high spot prices also dented demand in China.

Spot silver rose 0.5% to $63.87 per ounce, after hitting a new record high of $64.32/oz, and is headed for a 9.5% weekly gain.

Prices have more than doubled this year, supported by strong industrial demand, dwindling inventories and its inclusion on the US critical minerals list.

"Silver is supported by industrial demand amid fears of shortages, a continued tight market, and the speculative frenzy, mostly from retail investors which has helped drive inflows to Silver ETFs," said Ole Hansen, head of commodity strategy at Saxo Bank.

Elsewhere, platinum was up 0.8% at $1,708.11, while palladium climbed 2.2% to $1,516.95. Both were headed for a weekly rise.