IBM Report: Data Breach Costs Drop 18% in the Middle East, Reaching SAR 27 Million in 2025
The 2025 Cost of a Data Breach Report analyzed real-world data breaches from over 600 organizations worldwide from March 2024 through February 2025, including organizations from Saudi Arabia and the United Arab Emirates. Conducted by Ponemon Institute and sponsored and analyzed by IBM, the Cost of a Data Breach Report has investigated nearly 6,500 data breaches over the past 20 years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Jordan Times
an hour ago
- Jordan Times
Jordan's packaging, paper, cardboard sector's exports reach 58 countries — JCI
AMMAN — Statistical data from the Jordan Chamber of Industry (JCI) showed that Jordan's packaging, paper, and cardboard sector's exports reach 58 countries worldwide, a clear indicator of the growing competitiveness of Jordanian industry. According to figures obtained by the Jordan News Agency, Petra, the sector's exports reached some JD135 million in 2024, with JD58 million recorded during the first five months of 2025. The data highlighted that the sector is one of the 'most interconnected' with other components of the national industrial landscape, serving as both a central production input for various industries and a final product widely used in the local market. Packaging inputs account for 16 per cent of total industrial production costs in Jordan, reflecting the 'heavy' reliance of local factories on this sector to maintain production continuity and ensure quality and efficiency. Of that, packaging materials alone make up 14 per cent, while stationery and printed materials represent 2 per cent, excluding raw materials. The sector supports a wide array of industries, including food, pharmaceuticals, chemicals, plastics, engineering, and others, making it a 'cornerstone' in boosting the competitiveness and quality of Jordanian industrial products and enhancing their presence in the local and international markets. The data also showed that the sector maintains a 'strong' presence domestically, with around 88 per cent of current production directed to the local market, generating over JD1 billion in annual sales and covering 77 per cent of total domestic consumption. These figures represent one of the highest coverage rates among industrial sectors and constitute around 9 per cent of total output in the manufacturing industries, which amounts to some JD1.14 billion annually, underscoring the sector's 'pivotal' role in the national industrial framework.
Jordan Times
an hour ago
- Jordan Times
Eight OPEC+ countries raise production by 547,000 bpd
VIENNA — The eight OPEC+ countries said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices. Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman currently produce about 41-42 million barrels a day, so the increase is about 1.5 per cent. Analysts said there was unlikely to be a major impact on prices, with the Brent reference oil currently selling at about $70 a barrel. "The eight participating countries will implement a production adjustment of 547,000 barrels per day in September 2025 from August 2025 required production level," said a statement released after a meeting that agreed the hike. The eight key oil-producers, who started increasing production in April, affirmed their commitment to market stability on "current healthy oil market fundamentals," an OPEC statement read. "OPEC+ has passed the first test — unwinding 2.2 million barrels per day (since April) without crashing prices or compromising unity," said Jorge Leon, analyst at Rystad Energy. "But the next task will be even harder: deciding if and when to unwind the remaining 1.66 million barrels, all while navigating geopolitical tension and preserving cohesion," said Leon. The statement said the decision came "in view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories." The OPEC+ countries agreed in December to start a gradual return from April 2025 of the 2.2 million barrels per day of previous production cuts. The statement said that "the phase-out of the additional voluntary production adjustments may be paused or reversed subject to evolving market conditions." The eight added they will hold monthly meetings for a regular review of market conditions. In a bid to boost prices, the wider OPEC+ group — comprising the 12-nation Organisation of the Petroleum Exporting Countries (OPEC) and its allies — in recent years had agreed to three different tranches of output cuts that amounted to almost six million bpd in total. Prior to the announcement, UBS analyst Giovanni Staunovo had suggested the quota increase was "largely priced in" on energy markets with the price of Brent, the global oil benchmark, expected to remain near its current level of around $70 per barrel after Sunday's decision.
Al Bawaba
8 hours ago
- Al Bawaba
Burgan Bank Champions Mental Wellness with Launch of Emotional Aid Workshop
Driven by its commitment to fostering a supportive work environment and leading positive change in Kuwait's banking sector, Burgan Bank hosted Emotional Aid workshop, in collaboration with Anara, at its head office. The workshop was delivered by Dr. Kim Dillen, PhD, a licensed neuropsychologist with extensive experience in mental health care, brain imaging, and neuropsychological assessment, to select senior staff members across various departments, equipping them with the necessary skills to become Burgan Bank's trusted Emotional Wellness Champions. This initiative, which was widely met with enthusiasm from across the Bank's different departments, is part of an expansive program guided by its mission to become an employer of choice and maintain its status as a Great Place to Work®.'Burgan Bank extends its ongoing commitment to instilling mental health as a fundamental pillar of its corporate work culture. Prioritizing our employees' health and safety stems from our belief that a balanced environment is a catalyst for growth and creativity.,' said Ms. Zahra Boarki, Senior Manager – Internal Communication at Burgan Bank. She added: 'We are committed to maintaining a robust a series of internal events and activities that seek to enrich all aspects of our employees' lives, bolstering their physical and mental wellbeing at all times. This comes as part of the Bank's strategy to foster flexible and sustainable work environment standards, focused on achieving a work-life balance and becoming the employer of Choice Our mission is to an employer of choice that prioritize employee development: emotionally, mentally and professionally.'The Emotional Aid workshop marks a significant step forward in promoting employee wellness and setting a new standard for employee care at Burgan Bank. To ensure its sustainability, the initiative follows a top-down design, which prepares managers and equips them with the necessary knowledge and tools to respond adequately to their team's need for personal as well as professional support and guidance. As a bank that is 'Driven by You', Burgan Bank recognizes that fulfillment is key to outstanding performance and innovation, thus sparing no effort to meet its employees' diverse needs for holistic personal and professional growth, beginning with mental, physical, and emotional wellness. It is worth noting that Burgan Bank launched numerous activities and programs to support employees' health and well-being, aiming to create a safe, comfortable and empowering work environment, this includes an internal clinic, a mother's room for new moms, reduced working hours throughout the week, as well as paid leave options such as self-care days leave, paternity leave, marriage leave and birthday leave. The bank also launched various programs to support employee talents and encourage them to be part of its strategy.
