UAE among '50 most spammed countries'


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DUBAI // Almost three in four emails in the UAE are unwanted advertising or what could be malicious attacks, a leading internet security company says.

This makes the Emirates' users among the 50 most spammed countries, the latest Global Internet Security Threat Report from Symantec says.

The company says the global number of malicious attacks, including viruses and attempts to trick users into divulging personal information, rose by 81 per cent last year.

The UAE still improved its ranking, from the 36th worst-affected country in 2010 to 46th last year.

That has been attributed to greater awareness of threats, a tougher stance by authorities on pirated software and improved sharing of intelligence with other countries.

But Justin Doo, Symantec's head of security practice in the region, says the threat is growing.

"In 2011 cyber criminals greatly expanded their reach, targeting markets in the Middle East like the UAE, which has a continuously growing economy and a high rate of internet users," Mr Doo said.

"We've also seen a large increase in attacks on mobile devices across the globe, making these devices a viable platform for attackers to leverage in targeting sensitive data."

A common tactic was to use high-profile news stories, such as the death of the former Libyan dictator Muammar Qaddafi, as email subjects to grab attention.

Although the total number of spam emails fell from 62 billion in 2010 to 42 billion last year, phishing attacks, in which senders try to trick users into giving personal details, continued to increase, from one in every 442 emails in 2010 to one in every 298 last year.

"Moving beyond spam, cyber criminals are then turning to social networks to launch their attacks," the report said.

"The very nature of these networks makes users incorrectly assume they are not at risk.

"Because of social-engineering techniques and the viral nature of social networks, it's much easier for threats to spread from one person to the next."

Threats to mobile devices also increased by 93 per cent, with those using the Android operating system at particular risk.

For the first time, mobile malware became a "tangible" threat to businesses and consumers. There were 315 new threats last year compared with 163 in 2010.

But hacking posed the greatest threat, with 187 million identities exposed last year.

Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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