Cyber attackers have become increasingly sophisticated, especially with the advent of AI tools. Nick Donaldson / Getty Images
Cyber attackers have become increasingly sophisticated, especially with the advent of AI tools. Nick Donaldson / Getty Images
Cyber attackers have become increasingly sophisticated, especially with the advent of AI tools. Nick Donaldson / Getty Images
Cyber attackers have become increasingly sophisticated, especially with the advent of AI tools. Nick Donaldson / Getty Images

2025’s biggest cyber attacks so far: Millions of customers at risk as hackers target global corporations


Alvin R Cabral
  • English
  • Arabic

Germany-based insurer Allianz Life on Sunday confirmed that it was the victim of a cyber security breach and data of the majority of its 1.4 million customers in North America has been compromised.

The company, a part of the global financial services conglomerate Allianz Group, is the latest among the fast-growing list of big corporations - a large number of which are household names - falling victim to cyber attacks.

Tech giant Microsoft being hit by a wave of activity also made headlines this month, with the list of its affected clients still growing.

Cyber attacks are becoming more sophisticated, especially with artificial intelligence providing offenders with more ways of infiltrating systems and breaching layers of security.

About 560,000 new malware pieces are discovered on average every day, according to San Francisco-based security company DeepStrike, which has an office in Dubai.

The National takes a look at some of the biggest names that have been targeted by the digital underworld, on a monthly basis this year.

January: 7 attacks

Twenty-one data breaches were recorded in January, according to the industry watchdog Cyber Management Alliance (CMA), most notably an attack on the UN's International Civil Aviation Organisation and Hewlett-Packard Enterprise, which revealed at the time it was investigating a new threat.

Seven ransomware attacks were detected during the month, including on Japanese watch maker Casio and India's Tata Technologies.

February: $9.5m in crypto

Each day presents new threats and February escalated worries in the cyber realm, the CMA said.

Five ransomware attacks were recorded during the month, while data breach-related incidents were also reported. Among the victims were companies including US delivery service GrubHub. The attack impacted personal information of a part of its customer base.

However, arguably the most damaging attack was the one that befell on decentralised money lender zkLend, which said it lost $9.5 million worth of crypto to hackers - continuing the concerns over digital assets despite some "acts of Genius" from the US government to regulate them.

March: X takes big hit

Not even a company run by the world's wealthiest person is safe. Elon Musk's X - formerly Twitter - fell victim to what he described as a "massive" breach, which was later was termed a distributed denial-of-service attack.

That was one of 13 cyber attacks for the month, plus six ransomware incidents that included one that hit Malaysia's Kuala Lumpur International Airport, wherein the government rejected a $10 million ransom demand.

Meanwhile, 18 data breaches were recorded, including one at Oracle in which six million data records were taken.

April: No fooling around

Major British retailer Marks & Spencer headlined April's cyber attacks, hitting its deliveries, online transactions and gift card processing.

Twenty major data breaches were recorded by the CMA, including one from the US Office of the Comptroller of the Currency, which revealed the discovery of unauthorised access to emails of employees and senior executives, and Britain's Royal Mail, involving about 144GB of stolen data.

On the other hand, 11 ransomware attacks were noted - although six were from inconclusive sources.

May: Coinbase extortion

Retail majors Coca-Cola, M&S peer Harrods, Adidas, Victoria's Secret and Peter Green Chilled, a logistics company that serves British grocery chains, all suffered one form of attack.

However, the most notable was the attack on crypto platform Coinbase, which said an "unknown threat actor" demanded a $20 million ransom. The company offered the same bounty to identify the extortionist.

May was, by far, the most busy month in terms of attacked, with 20 and 21 recorded incidents for data breaches and cyber attacks, respectively, according to CMA data.

June: Retail bonanza

Aside from six ransomware attacks, June was a month when retailers remained a prime target, including outdoor gear maker North Face and luxury brand Cartier.

The big names that suffered include attacks include Washington Post, where a cyber attack compromised its journalists' accounts, and Canada's WestJet, where flight operations were disrupted.

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

The biog

Occupation: Key marker and auto electrician

Hometown: Ghazala, Syria

Date of arrival in Abu Dhabi: May 15, 1978

Family: 11 siblings, a wife, three sons and one daughter

Favourite place in UAE: Abu Dhabi

Favourite hobby: I like to do a mix of things, like listening to poetry for example.

Favourite Syrian artist: Sabah Fakhri, a tenor from Aleppo

Favourite food: fresh fish

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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UAE currency: the story behind the money in your pockets
If you go

The flights

The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings

The stay

Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.

 

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Is it worth it? We put cheesecake frap to the test.

The verdict from the nutritionists is damning. But does a cheesecake frappuccino taste good enough to merit the indulgence?

My advice is to only go there if you have unusually sweet tooth. I like my puddings, but this was a bit much even for me. The first hit is a winner, but it's downhill, slowly, from there. Each sip is a little less satisfying than the last, and maybe it was just all that sugar, but it isn't long before the rush is replaced by a creeping remorse. And half of the thing is still left.

The caramel version is far superior to the blueberry, too. If someone put a full caramel cheesecake through a liquidiser and scooped out the contents, it would probably taste something like this. Blueberry, on the other hand, has more of an artificial taste. It's like someone has tried to invent this drink in a lab, and while early results were promising, they're still in the testing phase. It isn't terrible, but something isn't quite right either.

So if you want an experience, go for a small, and opt for the caramel. But if you want a cheesecake, it's probably more satisfying, and not quite as unhealthy, to just order the real thing.

 

 

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Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

Updated: July 29, 2025, 12:48 PM