Cyber attacks now cost UAE, Saudi firms up to $9.6m

Dubai: The good news first – Organizations in the Middle East are containing data breaches faster and more effectively than they have been used to. And here’s the bad bit: the costliest breaches – and they still happen – are costing regional entities up to $9.6 million.

The most unfortunate part is most of the cyber breaches happen from within the organization – i.e., by malicious-minded insiders, according to the latest 2022 Cost of a Data Breach Report from IBM Security, which was released today.

“Businesses need to put their security defenses on the offense and beat attackers to the punch,” said Charles Henderson, Global Head of IBM Security X-Force. “It’s time to stop the adversary from achieving their objectives and start to minimize the impact of attacks.

Read more on: Gulf News

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