ISTANBUL Data breaches worldwide cost nearly $4.5 million on average but the indirect consequences, such as loss of reputation and customer trust, as well as regulatory fines, paint a grimmer picture, especially with the rise of artificial intelligence (AI), making data security paramount. Senad Aruc, founder and CEO of Netherlands-based security operations (SecOps) firm Imperum, said that data security has become a key issue for not only individuals but also institutions and countries. Aruc,