Middle East Data Breach Costs Rise to $8M

A recent report indicated that the cost of data breaches in the Middle East has increased to an average of $8 million USD, driven by the growing use of artificial intelligence tools by cybercriminals to carry out faster and more impactful attacks. The financial services and technology sectors recorded the highest breach costs, averaging $10.67 million per incident. Artificial intelligence software accounted for 26% of malicious attacks, and the adoption of smart security solutions helped reduce breach costs by more than $3 million in some companies. The report warned that attacks are trending toward greater speed and lower costs, emphasizing the need for organizations to invest in intelligent defense technologies to tackle these escalating challenges.

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