(MENAFN) The Middle East recorded an average total data breach cost of USD7.45 million between March 2021 and March 2022, a 7.6 percent rise more than USD6.93 million booked over the same period in 2019, based on an industry report.
In line with IBM Security’s annual Cost of a Data Breach Report, the Middle East ranked second on the list of data breach losses after the US.
The study is according to an in-depth analysis of real-world data breaches knowledgeable by 550 global organizations.
“The consequence of this is that businesses not only need to worry about safeguarding the security and privacy of their data but also ensure they are cyber resilient,” IBM consulting leader for Saudi Arabia, Dina Abo-Onoq, updated Arab News.
Businesses today are different from what they were a decade ago, with digital operations becoming important year after year, simplifying the workflow and speeding up the business speed.
On the other hand, IT environments have become wider and more compound.
“That complexity creates risks and can introduce various cyber threats,” on the words of Abo-Onoq.
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