Saudi Arabia’s finance and manufacturing sectors are particularly susceptible to cyberattacks, according to Samir Omar, CEO of MENA ISC.
The finance sector alone has faced 18.2% of these attacks.
In terms of cybersecurity, Saudi Arabia is a leader in the Arab world and holds the second position globally in the 2023 Global Cybersecurity Index.
Omar highlighted that while the global average cost of a data breach is estimated at $4.45 million, the GCC region experiences higher costs, averaging $6.9 million per cyberattack.