July 30th, 2025 - 10:45 GMT
IBM (NYSE:IBM) released its 2025 Cost of a Data Breach Report, revealing that the average cost of a data breach for businesses in the Middle East reached SAR 27.00 million. This represents a decrease of approximately 18% from SAR 32.80 million the year prior. According to the report, the top three factors that reduced breach costs for local businesses were AI/ML-driven insights, encryption and a DevSecOps approach. In the Middle East, lost business remained the largest cost category in 2025, averaging SAR 11.63 million per breach. This was followed by ...