Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Video

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Middle East battles rising data breach costs

Organizations in the Middle East are now effectively handling data breaches today.
By TRENDS Desk
September 4, 2022 10:45 pm
  • Data breach costs in the Middle East are the second highest in the world after the US.
  • In an IBM report based on data breach experienced by 550 organizations, 33 are from the Middle East region.

The Middle East ranks second in data breach losses after the United States. IBM’s 2022 ‘Cost of a Data Breach Report’ , which is based on real-world data breaches experienced by 550 organizations, shows that 31 of these organizations are from the Middle East, between March ’21 and March ’22.

Most of the cyber breaches happen from within the organization, but the silver lining is that Middle East organizations are containing faster and more effectively than previous years. TRENDS takes a look at the state of data breaches in the region:

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]