Data is the new oil—but when mishandled, it can become a legal minefield. In 2024, the average global data breach cost hit $4.45 million, the highest ever recorded (IBM). In MENA, these risks are compounded by new laws like Saudi Arabia’s PDPL, UAE’s Data Protection Law, and Egypt’s Law No. 151 of 2020, which impose tough penalties and require data localization.
No surprise then: 46% of CEOs now name data privacy compliance as one of their top three business risks (PwC, 2024).
But there’s good news—compliance is also a competitive edge.
🚀 For companies in BFSI, fintech, and e-commerce, managing personal data across borders and platforms is no longer optional. McKinsey reports that 77% of customers are more likely to trust brands with clear, transparent privacy policies—especially in regions like the GCC, where digital trust is critical for growth.
Cubic Systems empowers this trust-driven transformation with:
- Pre-integrated privacy-by-design infrastructure for cloud and hybrid models.
- Smart data transfer tools that respect local rules while enabling operational speed.
- Automated workflows for managing data subject access requests, breach notifications, and consent.
And with enforcement rising across the GCC—including new inspection powers for UAE’s Data Office and Egypt’s growing enforcement of data protection laws—businesses must act fast. Cubic ensures that compliance is not just checked off but integrated into operations, especially for BFSI firms navigating complex regulatory waters.