Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
PYMNTS
SEPTEMBER 30, 2020
Data breaches now cost Saudi Arabia and UAE companies about $188 for each stolen personal detail, for example, and this price tag is exponential because most hacks compromise thousands of records. The pandemic has refocused scrutiny on the open banking ecosystem’s privacy and security. 1 to adjust their standards in compliance.
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