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Gulf banks must 'remain vigilant' after surge in Iranian cyber attacks

Thebanker • March 4, 2026

Gulf banks may be more vulnerable to retaliatory cyber attacks by Iran and its proxies, with experts in the region warning of increased network probing in recent days as the conflict between Iran, the US and Israel enters its fifth day.

Following US and Israeli air strikes that killed the country’s supreme leader Ayatollah Ali Khamenei and other key regime figures, cyber security firm CrowdStrike said it has seen a surge in claimed activity from “Iran-aligned and sympathetic” groups engaged in “hacktivism”. One group calling itself Hydro Kitten indicated the financial sector is a “decisive target”.

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Iran's Cyber Response to U.S. Military Strikes Expected Amid Rising Tensions Following U.S. military strikes on Iran, there is an anticipated increase in cyber warfare activities targeting U.S. operational technology and critical infrastructure. Iran is expected to retaliate with cyber attacks on U.S. military bases in the Middle East and Israeli institutions, particularly in response to the actions of the current U.S. administration under Donald Trump. 768 sources 54

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Gulf banks must 'remain vigilant' after surge in Iranian cyber attacks

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