CODB press releases

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IBM Study: Average Data Breach Cost in Saudi Arabia Reaches SAR 27 Million in 2026, One in Four Malicious Breaches are AI-Enabled

IBM's annual report finds financial services, industrial, and technology organizations recorded the highest average data breach costs in Saudi Arabia

Riyadh, Saudi Arabia, July 30, 2026 – IBM (NYSE: IBM) released its 2026 Cost of a Data Breach Report, revealing that the average cost of a data breach for organizations in Saudi Arabia reached...

Aug 3, 2026
IBM Study: Average Data Breach Cost in the Middle East Reaches $8 Million in 2026, with One in Four Malicious Breaches AI-Enabled

• IBM’s annual report finds that mismanaged secrets and keys, excessive privileges and poor role management and an inability to prioritize threats were the leading factors increasing breach costs • Financial, technology and industrial organizations recorded the highest average costs

Dubai, UAE, 03 August 2026 – IBM (NYSE: IBM) released its 2026 Cost of a Data Breach Report, revealing that the average cost of a data breach for organizations in the Middle East reached $8 million.

Aug 3, 2026