IBM's latest report indicates that the average cost of a data breach in the Middle East has fallen by 18% year-over-year to 27 million SAR. Despite this decrease, the financial sector continues to suffer significant losses due to phishing attacks and errors made by third-party vendors. AI
IMPACT Financial sector entities should review third-party vendor security and bolster defenses against phishing to mitigate potential data breach costs.
RANK_REASON The item is a news report about a study's findings, not a direct announcement from a company or a significant industry event.
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