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Exam Code: 000-919 Practice exam 2022 by Killexams.com team
Informix 11.70 System Administrator
IBM Administrator plan
Killexams : IBM Administrator plan - BingNews https://killexams.com/pass4sure/exam-detail/000-919 Search results Killexams : IBM Administrator plan - BingNews https://killexams.com/pass4sure/exam-detail/000-919 https://killexams.com/exam_list/IBM Killexams : IBM Annual Cost of Data Breach Report 2022: Record Costs Usually Passed On to Consumers, “Long Breach” Expenses Make Up Half of Total Damage

IBM’s annual Cost of Data Breach Report for 2022 is packed with revelations, and as usual none of them are good news. Headlining the report is the record-setting cost of data breaches, with the global average now at $4.35 million. The report also reveals that much of that expense comes with the data breach version of “long Covid,” expenses that are realized more than a year after the attack.

Most organizations (60%) are passing these added costs on to consumers in the form of higher prices. And while 83% of organizations now report experiencing at least one data breach, only a small minority are adopting zero trust strategies.

Security AI and automation greatly reduces expected damage

The IBM report draws on input from 550 global organizations surveyed about the period between March 2021 and March 2022, in partnership with the Ponemon Institute.

Though the average cost of a data breach is up, it is only by about 2.6%; the average in 2021 was $4.24 million. This represents a total climb of 13% since 2020, however, reflecting the general spike in cyber crime seen during the pandemic years.

Organizations are also increasingly not opting to absorb the cost of data breaches, with the majority (60%) compensating by raising consumer prices separate from any other accurate increases due to inflation or supply chain issues. The report indicates that this may be an underreported upward influence on prices of consumer goods, as 83% of organizations now say that they have been breached at least once.

Brad Hong, Customer Success Manager for Horizon3.ai, sees a potential consumer backlash on the horizon once public awareness of this practice grows: “It’s already a breach of confidence to lose the confidential data of customers, and sure there’s bound to be an organization across those surveyed who genuinely did put in the effort to protect against and curb attacks, but for those who did nothing, those who, instead of creating a disaster recovery plan, just bought cyber insurance to cover the org’s operational losses, and those who simply didn’t care enough to heed the warnings, it’s the coup de grâce to then pass the cost of breaches to the same customers who are now the victims of a data breach. I’d be curious to know what percent of the 60% of organizations who increased the price of their products and services are using the extra revenue for a war chest or to actually reinforce their security—realistically, it’s most likely just being used to fill a gap in lost revenue for shareholders’ sake post-breach. Without government regulations outlining restrictions on passing cost of breach to consumer, at the least, not without the honest & measurable efforts of a corporation as their custodian, what accountability do we all have against that one executive who didn’t want to change his/her password?”

Breach costs also have an increasingly long tail, as nearly half now come over a year after the date of the attack. The largest of these are generally fines that are levied after an investigation, and decisions or settlements in class action lawsuits. While the popular new “double extortion” approach of ransomware attacks can drive long-term costs in this way, the study finds that companies paying ransom demands to settle the problem quickly aren’t necessarily seeing a large amount of overall savings: their average breach cost drops by just $610,000.

Sanjay Raja, VP of Product with Gurucul, expands on how knock-on data breach damage can continue for years: “The follow-up attack effect, as described, is a significant problem as the playbooks and solutions provided to security operations teams are overly broad and lack the necessary context and response actions for proper remediation. For example, shutting down a user or application or adding a firewall block rule or quarantining a network segment to negate an attack is not a sustainable remediation step to protect an organization on an ongoing basis. It starts with a proper threat detection, investigation and response solution. Current SIEMs and XDR solutions lack the variety of data, telemetry and combined analytics to not only identify an attack campaign and even detect variants on previously successful attacks, but also provide the necessary context, accuracy and validation of the attack to build both a precise and complete response that can be trusted. This is an even greater challenge when current solutions cannot handle complex hybrid multi-cloud architectures leading to significant blind spots and false positives at the very start of the security analyst journey.”

Rising cost of data breach not necessarily prompting dramatic security action

In spite of over four out of five organizations now having experienced some sort of data breach, only slightly over 20% of critical infrastructure companies have moved to zero trust strategies to secure their networks. Cloud security is also lagging as well, with a little under half (43%) of all respondents saying that their security practices in this area are either “early stage” or do not yet exist.

Those that have onboarded security automation and AI elements are the only group seeing massive savings: their average cost of data breach is $3.05 million lower. This particular study does not track average ransom demands, but refers to Sophos research that puts the most accurate number at $812,000 globally.

The study also notes serious problems with incident response plans, especially troubling in an environment in which the average ransomware attack is now carried out in four days or less and the “time to ransom” has dropped to a matter of hours in some cases. 37% of respondents say that they do not test their incident response plans regularly. 62% say that they are understaffed to meet their cybersecurity needs, and these organizations tend to suffer over half a million more dollars in damages when they are breached.

Of course, cost of data breaches is not distributed evenly by geography or by industry type. Some are taking much bigger hits than others, reflecting trends established in prior reports. The health care industry is now absorbing a little over $10 million in damage per breach, with the average cost of data breach rising by $1 million from 2021. And companies in the United States face greater data breach costs than their counterparts around the world, at over $8 million per incident.

Shawn Surber, VP of Solutions Architecture and Strategy with Tanium, provides some insight into the unique struggles that the health care industry faces in implementing effective cybersecurity: “Healthcare continues to suffer the greatest cost of breaches but has among the lowest spend on cybersecurity of any industry, despite being deemed ‘critical infrastructure.’ The increased vulnerability of healthcare organizations to cyber threats can be traced to outdated IT systems, the lack of robust security controls, and insufficient IT staff, while valuable medical and health data— and the need to pay ransoms quickly to maintain access to that data— make healthcare targets popular and relatively easy to breach. Unlike other industries that can migrate data and sunset old systems, limited IT and security budgets at healthcare orgs make migration difficult and potentially expensive, particularly when an older system provides a small but unique function or houses data necessary for compliance or research, but still doesn’t make the cut to transition to a newer system. Hackers know these weaknesses and exploit them. Additionally, healthcare orgs haven’t sufficiently updated their security strategies and the tools that manufacturers, IT software vendors, and the FDA have made haven’t been robust enough to thwart the more sophisticated techniques of threat actors.”

Familiar incident types also lead the list of the causes of data breaches: compromised credentials (19%), followed by phishing (16%). Breaches initiated by these methods also tended to be a little more costly, at an average of $4.91 million per incident.

Global average cost of #databreach is now $4.35M, up 13% since 2020. Much of that are realized more than a year after the attack, and 60% of organizations are passing the costs on to consumers in the form of higher prices. #cybersecurity #respectdataClick to Tweet

Cutting the cost of data breach

Though the numbers are never as neat and clean as averages would indicate, it would appear that the cost of data breaches is cut dramatically for companies that implement solid automated “deep learning” cybersecurity tools, zero trust systems and regularly tested incident response plans. Mature cloud security programs are also a substantial cost saver.

Mon, 01 Aug 2022 10:00:00 -0500 Scott Ikeda en-US text/html https://www.cpomagazine.com/cyber-security/ibm-annual-cost-of-data-breach-report-2022-record-costs-usually-passed-on-to-consumers-long-breach-expenses-make-up-half-of-total-damage/
Killexams : Cyberattacks are raising health care costs

Presented by Bamboo Health

The Big Idea

The average cost of a data breach for a health care organization is more than $10 million, according to IBM’s annual Cost of Data Breach Report, which looked at the period from March 2021 to March 2022. That’s up 9.4 percent from the same timeframe a year earlier. Health care has had the highest breach-related damages for 12 consecutive years.

Last month, Ruth reported that chief information officers of health systems want help fighting off the hackers. Insurers won’t cover damages in some cases, and health systems complain they haven’t had enough support from government or law enforcement.

Across industries, a glaring 60 percent of organizations said they had to raise prices to cover the expense of a breach, and the regulatory compliance and legal costs can extend over years for those in health care.

According to the HHS Office of Civil Rights’ database, health care organizations have reported nearly twice as many breaches from January to mid-July as during the same period in 2021. And more than four in five organizations — not just those in health care — told IBM they’d experienced more than one successful attack.

High-tech defenses are helping. The IBM report says that organizations with security platforms that use artificial intelligence saw 55 percent lower breach costs than those without. Those with an active incident response team also spent less on the follow-up to a breach.

A June report from the Government Accountability Office, Congress’ watchdog arm, found that insurance companies are raising premiums for cybersecurity incidents and reducing how much they cover. Given the rising costs of cyberattacks and the decline in insurance coverage, the GAO suggested that the Treasury’s Federal Insurance Office and the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency assess whether a government insurance option is needed. Per the report, both agencies say they lack the data needed to make that assessment.

President Joe Biden signed legislation in March as part of the fiscal 2022 appropriations bill that may provide CISA with some data. The bill, by Gary Peters (D-Mich.), chair of the Senate Homeland Security and Governmental Affairs Committee, sets a schedule for reporting cyberattacks and ransomware payments.

Welcome back to Future Pulse, where we explore the convergence of health care and technology. Pharma bad boy Martin Shkreli is back! His latest venture is a Web3 drug discovery platform called Druglike. What can decentralization and crypto do for the pharma industry, you ask? We have no idea! Please send us your wrong answers only.

Share your news, tips and feedback with Ben at [email protected] or Ruth at [email protected] and follow us on Twitter for the latest @_BenLeonard_ and @RuthReader. Send tips securely through SecureDrop, Signal, Telegram or WhatsApp here.

Tweet of the Week

Washington Watch

TELEHEALTH VOTE TEED UP — The House is set to vote this week on a bill by Wyoming Republican Liz Cheney that would extend through the end of 2024 the telehealth flexibilities the Trump administration granted at the pandemic’s outset.

The legislation would require Medicare to continue reimbursing doctors for telehealth services from patients’ homes. Federally qualified health centers and rural health clinics would continue to enjoy their new freedom.

Many of the flexibilities are set to terminate five months after the end of the Covid-19 public health emergency, which is slated to expire in October unless HHS Secretary Xavier Becerra extends it for an 11th time.

What’s next: House Majority Leader Steny Hoyer has slated the Advancing Telehealth Beyond COVID–19 Act for a vote that could come as soon as today. It’s expected to pass, but the timeline for Senate consideration is unclear.

Process frustration: Some Republicans are irked because they say the vote short-circuits bipartisan negotiations to give a win to Cheney, who has become a Democratic ally for her work on the committee investigating the invasion of the Capitol by supporters of former President Donald Trump.

Republicans are likely to vote for it anyway, though they complain that the legislation doesn’t allow insurers to cover telehealth bills for people on high-deductible health plans before they hit their deductibles.

CHIPS BILL’S A WIN FOR MEDICAL DEVICES — On Tuesday, the Senate advanced legislation backed by medical device makers that would give more than $50 billion in subsidies to the domestic semiconductor industry.

Medical device makers buy only 1 percent of the world’s semiconductor chips, but that means they’ve had little leverage to bargain amid a pandemic-driven supply shortage. The chips are needed for devices, such as defibrillators and mammography systems.

AdvaMed, the medical device industry trade group, has lobbied for the legislation, which aims to decrease dependence on foreign manufacturers.

The legislation passed a procedural vote in the Senate Tuesday.

AdvaMed CEO Scott Whitaker told Future Pulse in a statement that the legislation will help shield the industry from future supply shocks by helping to maintain a U.S. manufacturing base.

Brian Sapp, chief technology officer at cancer treatment biotech company BrYet, also touted the billions in funding for research and development that could help startups and innovation.

But little can be done to alleviate the supply crunch in the short term.

The legislation, which the Senate is expected to pass as soon as Wednesday, would take at least a year or two to have an impact, given the lead time to build factories, said Morris Cohen, a professor emeritus of manufacturing and logistics at the University of Pennsylvania’s Wharton School.

ORACLE PROMISES FIX FOR VA SYSTEM — At a hearing last week, senators aired their displeasure with the Veterans Affairs Department’s problematic rollout of its new electronic health records system and its ballooning costs. The latest estimate, from the Institute for Defense Analyses, puts the bill at $50.8 billion over 28 years. The original price tag was $10 billion over 10 years.

When the system from contractor Cerner debuted at the VA’s Mann-Grandstaff VA Medical Center in Spokane, Wash., in 2020, staff complained that it sent mistaken prescriptions — potentially putting patients’ lives in danger.

A new report from the VA’s inspector general found 60 safety issues at Mann-Grandstaff.

Oracle, Cerner’s new corporate parent, said it will fix the issues and connect the system to the cloud. It will also foot the bill for the migration. The firm’s executive vice president, Mike Sicilia, expects improvements in the next six months.

Around the Nation

AMAZON IS BUYING ONE MEDICAL — The $3.9 billion deal still needs sign off from the Federal Trade Commission and Justice Department; however, antitrust lawyers don’t foresee an issue.

“The principal question is: Where can competition be limited here — that’s what the DOJ or FTC should be asking,” David Kully, a partner at law firm Holland & Knight who focuses on antitrust, told Future Pulse. “I don’t think Amazon’s acquisition of what is largely a primary care organization puts it in a position to be able to limit competition in any way.”

There’s been lots of commentary about what the deal means. It’s clear Amazon has ambitions to disrupt the health care marketplace.

Amazon has its own online pharmacy and a subsidiary drug packaging service, Pillpack. It also provides telemedicine through Amazon Care, works with a network of clinics for in-person care and has experimented with its own in-person clinics.

But that’s not all.

Amazon has built out its Echo device and Alexa voice assistant as a health tool. Hospitals like Northwell Health used the Echo to conduct virtual rounds with patients during the pandemic to preserve protective equipment and limit clinicians’ exposure to Covid-19. Alexa offers everything from health tips to telemedicine visits from Teladoc, a virtual health care company.

Separately, Amazon is moving health systems into the cloud and selling them on artificial intelligence.

The company has one final asset underestimated as a health tool: Amazon Fresh delivery and Whole Foods Market.

Organizations at the forefront of battling chronic diseases like obesity, diabetes and high blood pressure are heavily investing in food as medicine. Health and wellness provider Geisinger, for example, has a “food farmacy” where patients can get groceries for ten healthy meals. Between Amazon Fresh and Whole Foods, Amazon is primed to compete.

The Next Cures

ARTIFICIAL INTELLIGENCE COMBATS SEPSIS —  A trio of new studies has found that artificial intelligence implemented in five hospital systems could reduce mortality from sepsis, a reaction to the infection that’s a leading cause of death in hospitals.

“There are very few studies that have looked at genuine outcomes post-deployment of a model like this,” Steven Lin, executive medical director of Stanford’s Healthcare AI Applied Research team, told Ruth. “They looked at adoption and what actually made it work — not just that it did work, but how did it work.”

Bayesian Health scanned the records of nearly 600,000 patients across the hospitals for signs of infection. The studies showed that not only is Bayesian’s artificial intelligence good at finding potential sepsis, but it also doesn’t inundate doctors with false flags. Early detection was associated with reduced mortality by 18.2 percent.

What We're Clicking

Researchers tried to calculate the impact of health tech companies. It sent startups into a tizzy — Mohana Ravindranath, STAT

From CVS to Google, here are 20 health care executives to watch — Fierce Healthcare

From Cedar to Ro, here’s every digital-health startup that’s cut workers so far this year — Rebecca Torrence, Insider

Wed, 27 Jul 2022 02:00:00 -0500 en text/html https://www.politico.com/newsletters/future-pulse/2022/07/27/cyberattacks-are-raising-health-care-costs-00047977
Killexams : Digital-Led and Innovation-Driven

Digital Finance Forum of Global Digital Economy Conference 2022 Kicked off

BEIJING, Aug. 1, 2022 /PRNewswire/ -- With the development of information technology, the world has entered the era of digital economy. The modern financial industry is one of the industries with the highest degree of digitization and the closest ties to the digital economy as well as an important driver of growth for the high-quality development of the digital economy.

The Digital Finance Forum of the Global Digital Economy Conference (hereinafter referred to as GDEC) 2022 kicked off in the Beijing Banking & Insurance Business Park in Shijingshan District on July 30. As an important part of the thematic forums of this GDEC, the Digital Finance Forum is organized by the Shijingshan District People’s Government of Beijing Municipality and Asia Digital Group. The forum, as a platform for in-depth exchange, centered on building a bridge for financial industries, driving financial innovation and digital strategic upgrade under the new dual-cycle pattern and helping the development of digital finance in China’s capital.

Wang Wei, First Class Inspector of Beijing Municipal Bureau of Economy and Information Technology, Zhao Weijiu, Member of Standing Committee of CPC of Beijing Local Financial Supervision and Administration, Deputy Director of Beijing Local Financial Supervision and Administration, Li Xin, Deputy Secretary of CPC Beijing Shijingshan District, Mayor of Shijingshan District People’s Government of Beijing Municipality, Zhu Dongfang, President of Asia Digital Group and other guests were present on site. Over 20 important guests in the financial sector from 10+ countries were invited to attend the forum offline or online to discuss the transformation of the digital financial industry with focus on the trend of digital finance. More than 100 visitors from financial institutions and enterprises joined the on-site events, supplemented with online links involving 1.2 million people.

Adopting the Market-Oriented Operation Led by Government

Nowadays, the digital economy with the deep integration of information technology and the real economy has become a global trend, and the corresponding financial digital transformation has also become the main task of financial industry transformation when the government-led and market-oriented operation plays an irreplaceable role.

According to the speech delivered by Wang Wei, First Class Inspector of Beijing Municipal Bureau of Economy and Information Technology, Beijing, centering on the construction of the national financial management center, will further promote the innovative practice of digital finance, in cooperation with the Beijing Local Financial Supervision and Administration to build a modern digital financial system in China’s capital, Excellerate the level of digital finance supporting the development of the real economy, and help the construction of Beijing into a global model city of digital economy. It is necessary to take such measures as supporting the implementation of key digital financial institutions and major projects, improving the digitalization of financial infrastructure, increasing the openness of public data and social data, accelerating the implementation of the Beijing Digital Economy Promotion Regulations, deepening the construction of the Beijing International Data Exchange and the Zone for Financial Data and providing data of higher quality as a key factor of production.

Zhao Weiju, Member of Standing Committee of CPC of Beijing Local Financial Supervision and Administration, Deputy Director of Beijing Local Financial Supervision and Administration, pointed out in his speech that Beijing’s fintech will take the deepening of digital industrialization and financial digitization as the main task, with focus on both the supply side and the demand side, give full play to the synergistic effect of financial reform and financial opening and take stronger steps to enhance the innovation of a modern digital financial system that fits the positioning of the capital so as to build a strong and solid network for building Beijing into a benchmark city for the global digital economy. Great efforts will be made to foster the main body of the digital financial industry, strengthen the R&D and innovation of digital financial technology, expand the experience of the digital financial application scenarios, construct and Excellerate the supervision system of digital finance, and optimize the industrial layout of digital finance.

Li Xin, Deputy Secretary of CPC Beijing Shijingshan District, Mayor of Shijingshan District People’s Government of Beijing Municipality, noted in his speech that Shijingshan District has seized development opportunities and issued the Five-Year Plan for Digital Economy, in alignment with the development orientation of the Beijing Banking & Insurance Business Park given by the State Council to build a National Financial Industry Demonstration Zone. In this way, the financial digital transformation is regarded as the support of strategic importance for the development of regional digital economy. In order to further promote the development of digital finance, Li Xin proposed four guarantees, that is, building a consensus on cooperation to promote the development of digital finance, creating an ecological environment conducive to the its development, fostering new drivers of growth for digital finance and constructing the “circle of friends” of digital finance.

Jointly Exploring the Path to Future via Exchange of Ideas

Lenny Zhao, Vice President and Head of Visa Consulting and Analytics (VCA), Visa Greater China, delivered a speech themed as “Responsible Innovation Fostering the Sustainable Development of Digital Payment”, reflecting the thinking and commitment of the world’s leading digital technology companies to digital payment security to advance the sustainable development of the digital economy.

Fan Bin, VP & Senior Partner, IBM Consulting Greater China Group, General Manager, IBM Consulting China Financial Service Sector, delivered a speech on the theme of “Let’s Create a Digital Finance New Era”, and Jin Songhua, CFO of Microsoft Greater China talked about “AI Empowers Innovation for Sustainable Growth”, both expounding their ideas for the future of new digital finance, and sharing their experience in the development of digital finance in related industries. Fiona Ma, Treasurer of California, USA, Tom Simpson, Managing Director, China Operations & China Chief Representative China-Britain Business Council, Arno Oudijn, Financial Counsellor at the Netherlands Embassy and Kasia Greco, Vice President, Vienna Chamber of Commerce & Industry delivered speeches on courses such as “UK-China Digital Finance Overview and Outlook” and “Fintech Developments, an Outsiders’ Perspective”. They have explored new trends and hot issues in the development of digital finance from a broader perspective beyond the industry to seek for opportunities to deepen cooperation and development with digital finance in China.

The roundtable discussion around “Critical Thinking with Digital Intelligence to Reconstruct Financial” was moderated by Zhang Li, executive vice president of Asia Digital Group. A lively discussion on digital intelligence, the core of the transformation of the digital financial format was presented among guests including Li Xianxia, Member of Standing Committee of CPC Beijing Shijingshan District, Deputy Mayor of Shijingshan District People’s Government of Beijing Municipality, Li Wenhua, Deputy Mayor of Shijingshan District People’s Government of Beijing Municipality, Zhang Ning, Director of the Central University of Finance and Economics, Liu Dongmin, Director of the Division of International Finance, Institute of World Economics and Politics, Chinese Academy of Social Sciences, Li Junping, Vice President of Alibaba Cloud Intelligence, Michael Jing, Senior Vice President of BOE, Du Xiaozheng, GM of Business Analysis Division at GienTech, Chairman of Data Development Committee at GienTech, Bu Renhai, Data Solutions Expert of China Information.

Promoting Steady Progress in Digital Financial Innovation Guided by Think Tank

In order to further enhance and promote the development of digital finance in Shijingshan District, this Digital Finance Forum witnessed the signing of the strategic cooperation framework agreement between the Shijingshan District People’s Government and Asia Digital Group, represented by Li Xianxia, Member of Standing Committee of CPC Beijing Shijingshan District, Deputy Mayor of Shijingshan District People’s Government of Beijing Municipality and Zhang Li, Executive Vice President of Asia Digital Group respectively.

Meanwhile, in order to strengthen the Shijingshan District Digital Finance Consultant Team, Li Xin, Deputy Secretary of CPC Beijing Shijingshan District, Mayor of Shijingshan District People’s Government of Beijing Municipality presented letters of appointment for senior consultants of digital finance of Shijingshan District to over guests from academia and business in digital finance, including Fan Bin, VP & Senior Partner, IBM Consulting Greater China Group, General Manager, IBM Consulting China Financial Service Sector, Jin Songhua, CFO of Microsoft Greater China, Zhang Li, Executive Vice President of Asia Digital Group, Huang Hongying, Vice President of Alibaba Cloud Intelligence, Li Junping, Vice President of Alibaba Cloud Intelligence, Michael Jing, Senior Vice President of BOE, Liu Dongmin, Director of the Division of International Finance, Institute of World Economics and Politics, Chinese Academy of Social Sciences, Zhang Ning, Director of the Central University of Finance and Economics, Du Xiaozheng, GM of Business Analysis Division at GienTech, Chairman of Data Development Committee at GienTech, Huang Wanzhong, Chief Data Expert of China Information, Vice Chairman of DAMA China, International Data Management Association, Wu Lianfeng, Vice President & Chief Research Analyst IDC China, Doris Liu, Head of Inward Investment China (Hong Kong), Scottish Development International, Qu Shaoguang, Vice General Manager of China Financial Computerization Group, Zhang Shaofeng, Founder, Chairman, CEO of Bairong Inc., Li Fan, Secretary of the Party Committee, General Manager of the Tech Innovation Department of China Everbright Group, Han Bo, Board Director, President of Longyingzhida (Beijing) Technology Co., Ltd., etc. The consultants and leaders of Shijingshan District conducted in-depth exchanges and discussions at the subsequent meeting on the development of modern financial industry in Shijingshan District, and offered suggestions for promoting steady and solid progress in the innovation of digital finance in this area.

In addition, this forum utilized AI, VR, AR and other digital technologies to build a cloud platform that breaks the boundaries of time and space through cloud conferences, livestreaming videos, cloud exhibitions and cloud docking, together with offline conferences. The cloud platform can enable the global audience to experience as if they were here, with latest projects and research results presented in a detailed and multi-dimensional manner from such enterprises as China CITIC Bank, Bank of Beijing Shijingshan Sub-branch, China Banking and Insurance Information Technology Management Co., Ltd., CRCC Cyber Information Technology Co., Ltd., China Banking and Insurance Information Technology Management (Beijing) Co., Ltd., Beijing Iron Ore Trading Center Corporation, Beijing Shangrong Factoring, BOB-Cardif Life Insurance Co., Ltd. Beijing Branch, Guobao Life Insurance Co., Ltd. Beijing Branch and Bairong Inc.

The Digital Finance Forum of this GDEC is committed to building a diversified digital finance platform based on the present and facing the future through the release of academic achievements, the collision of cutting-edge ideas, the face-to-face communication between government and market and the technological display of digital financial projects.

View original content: https://www.prnewswire.com/news-releases/digital-led-and-innovation-driven-301597069.html

SOURCE Asia Digital Group

Mon, 01 Aug 2022 04:05:00 -0500 en text/html https://apnews.com/press-release/pr-newswire/winter-olympics-technology-sports-economy-information-ac72207c04313542d5f65d1ea0f4419a
Killexams : The Retiree's Dividend Portfolio - Jane's June Update: Record Dividends
Oil Refinery, Chemical & Petrochemical Plant

zorazhuang

Background

For those who are interested in John and Jane's full background, please click the following link here for the last time I published their full story. The details below are updated for 2022.

  • This is a real portfolio with genuine shares being traded.
  • I am not a financial advisor and merely provide guidance based on a relationship that goes back several years.
  • John retired in January 2018 and now only collects Social Security income as his regular source of income.
  • Jane officially retired at the beginning of 2021, and she is collecting Social Security as her only regular source of income.
  • John and Jane have decided to start taking draws from the Taxable Account and John's Traditional IRA to the tune of $1,000/month each. These draws are currently covered in full by the dividends generated in each account.
  • John and Jane have other investments outside of what I manage. These investments primarily consist of minimal-risk bonds and low-yield certificates.
  • John and Jane have no debt and no monthly payments other than basic recurring bills such as water, power, property taxes, etc.

I started helping John and Jane with their retirement accounts because I was infuriated by the fees their previous financial advisor was charging them. I do not charge John and Jane for anything that I do, and all I have asked of them is that they allow me to write about their portfolio anonymously in order to help spread knowledge and to make me a better investor in the process.

Generating a stable and growing dividend income is the primary focus of this portfolio, and capital appreciation is the least important characteristic. My primary goal was to give John and Jane as much certainty in their retirement as I possibly can because this has been a constant point of stress over the last decade.

Dividend Decreases

No stocks in Jane's Traditional or Roth IRA paid a decreased dividend during the month of June.

Dividend And Distribution Increases

Three companies paid increased dividends/distributions or a special dividend during the month of June in the Traditional and Roth IRAs.

  • International Business Machines (IBM)
  • LyondellBasell (LYB)
  • Main Street Capital (MAIN).

International Business Machines

IBM continues to be the dividend stock that investors love to hate. For years the concern has been a slow but steady drop off in revenue which has resulted in pressure on corporate earnings and ultimately limited the ability to grow its dividend. The most accurate increase is a perfect example of the problem that this has created with the average three-year dividend growth rate coming in at less than 2.5% while the 10-year average dividend growth rate comes in at 8.17%. This is a problem for a tech company like IBM which is why it currently yields a whopping 4.61% and explains why the share price has been stagnant for so long. The acquisition of Red Hat ("RHT") appears to have given IBM a new sense of relevance in the hybrid cloud platform. Another positive is that the company has been able to deleverage since the acquisition of RHT with debt levels closing in on the same level prior to the RHT acquisition.

We have sold shares of IBM at $140/share and higher over the last year but view stock as a buy under $130/share (I prefer under $125/share). With the current position carrying an average cost basis of $122/share, we do not plan on selling any shares in the near future.

Chart
Data by YCharts

The dividend was increased from $1.64/share per quarter to $1.65/share per quarter. This represents an increase of .6% and a new full-year payout of $6.60/share compared with the previous $6.56/share. This results in a current yield of 4.61%% based on the current share price of $139.18.

LyondellBasell

It’s not every day that a company raises its dividend and offers a massive special dividend payout at the same time. The awesome announcement was accompanied by the following statement:

"LyondellBasell established new records for cash generation in 2021 and we have a strong outlook for our company. Capital returns have always been an important component of LyondellBasell's value proposition for shareholders. 2022 will mark our 12th consecutive year of regular dividend growth. The combination of today's special and quarterly dividends returns $2.1 billion to shareholders. As the incoming CEO, I would like to make it very clear that I support the continuation of our balanced and disciplined capital allocation strategy with both dividends and share repurchases playing a central role."

We sold shares prior to the dividend announcement as the stock pushed its 52-week-high. The 25 shares we sold were at $108.35/share and were used to reduce the exposure the position had to high-cost shares that had been purchased at around $115/share. We have since added 20 shares back at a major discount and plan to add more. Analyst downgrades have been common in the news but I see a Strong Buy under $90/share and enjoy locking in the 5%+ yield in the meantime.

LyondellBasell - FastGraphs - July

LyondellBasell - FastGraphs - July (FastGraphs)

The dividend was increased from $1.13/share per quarter to $1.19/share per quarter. This represents an increase of 5.3% and a new full-year payout of $4.76/share compared with the previous $4.52/share. This results in a current yield of 5.29% based on the current share price of $85.93.

LYB paid a special dividend of $5.20/share which was paid on June 13th, 2022.

Main Street Capital

Q2-2022 earnings will be coming out in less than a month and I expect it will demonstrate many of the strengths that made Q1-2022 push record levels in multiple metrics. Q1-2022 recorded interest income of $59.4 million compared to $43.5 million in Q1-2021 and we expect this number to continue improving due to the fact that most of MAIN’s portfolio is variable rate and therefore increases its income when the Federal Reserve raises rates. Another important indicator is the net asset value per share of $25.89/share and is up from $25.59/share in the previous quarter. MAIN’s management is top-notch and has always been consistently shareholder friendly and focused on long-term results.

Although the NAV continues to climb, shares are not cheap by any means. The accurate pullback into the $34/share range represented a buying opportunity and we nibbled a little too early when it dropped below $40/share. We a hesitant to add too much more exposure to MAIN so we will be looking for a price under $35/share. For those who prefer to follow the dividend yield metric I would say a yield close to 7% would be the best/most opportunistic entry point. Other than COVID, this does not happen often so buyers need to be prepared to act when the opportunity arises.

Chart
Data by YCharts

MAIN paid a special dividend of $.075/share which was paid on June 30th, 2022.

Retirement Account Positions

There are currently 39 different positions in Jane's Traditional IRA and 23 different positions in Jane's Roth IRA. While this may seem like a lot, it is important to remember that many of these stocks cross over in both accounts and are also held in the Taxable Portfolio.

Below is a list of the trades that took place in the Traditional IRA during the month of June.

Traditional IRA - June - Trades

Traditional IRA - June - Trades (Charles Schwab)

Below is a list of the trades that took place in the Roth IRA during the month of June.

Roth IRA - June - Trades

Roth IRA - June - Trades (Charles Schwab)

Agree Realty Preferred Series A

This awesome monthly dividend payer has a current share price that is too high for us to consider adding more. I really like Agree Realty's (ADC) portfolio but again its share price is too high to justify adding common shares at this point in time. Funny enough, the reason that I found out about the company’s preferred shares was due to comments that was left on a previous portfolio update for John’s retirement accounts. At a PAR price of $25, ADC.PRA trades at a yield of 4.25% which isn’t compelling in the current rate environment at the time of purchase shares, we were able to buy all portions of the position for less than $18/share or a yield close to 6%. Additionally, if the shares are held to term and they are called for the PAR price of $25 this will result in a gain of seven dollars/share or a total of $700 in capital gains. We plan to continue adding to this position as long as shares remain attractive.

Alexandria Realty

Alexandria Realty (ARE) is another new position in Jane’s Traditional IRA that was entered into at $136/share and is off its high of $225/share in January 2022. ARE’s 10-year average P/AFFO is approximately 25.5X and currently trades at a P/AFFO of 23.2X. The last time ARE treated at a discount to its average P/AFFO was during COVID and then for only a brief period of time at the end of 2018/early 2019. For those looking for a compelling article reviewing ARE’s situation I would recommend practicing Dane Bowler’s article Alexandria Is Life Science Growth At An Office Discount.

Alexandria Real Estate - July

Alexandria Real Estate - July (FastGraphs)

Kyndryl Holdings

We originally held on to Kyndryl Holdings (KD) after it was spun off from IBM. Simply put, the stock has performed terribly and with a whopping total of 18 shares we felt it was time to say goodbye to this company. KD does not provide any dividends and with its speculative growth potential it doesn’t have a place in Jane’s portfolio over the long-term.

Chart
Data by YCharts

Lexington Preferred Series C

LXP.PC typically trades above its PAR value of $50/share. Whenever the stock drops to (or in some cases below) $50/share I try to purchase some because it is a solid income investment with a 6.5% yield. These shares are what we refer to as non-callable preferred shares which give all the benefits of preferred stock with no set redemption date. The price of these shares have been steady even when LXP’s business model was in question (the company has made a significant transition over the last five years and now focuses on industrial real estate).

If anyone has questions about the other traits that took place in either of the Traditional IRA or Roth IRA feel free to ask in the comment section and I will be happy to discuss those trades.

June Income Tracker - 2021 Vs. 2022

Income for the month of June was up significantly year-over-year for Jane's Traditional IRA and up considerably for the Roth IRA. The average monthly income for the Traditional IRA in 2022 is expected to be up about 11.3% based on current estimates (this is up from 5.3% in May due to LYB's special dividend) and the Roth IRA is looking to grow by 5.3%. This means the Traditional IRA would generate an average monthly income of $1,543.26/month and the Roth IRA would generate an average income of $623.97/month. This compares with 2021 figures that were $1,386.13/month and $592.61/month, respectively.

SNLH = Stocks No Longer Held - Dividends in this row represent the dividends collected on stocks that are no longer held in that portfolio. We still count the dividend income that comes from stocks no longer held in the portfolio even though it is non-recurring.

All images below come from Consistent Dividend Investor, LLC. (Abbreviated to CDI).

Traditional IRA - 2021 V 2022 - June Dividends

Traditional IRA - 2021 V 2022 - June Dividends (CDI)

Roth IRA - 2021 V 2022 - June Dividends

Roth IRA - 2021 V 2022 - June Dividends (CDI)

Here is a graphical illustration of the dividends received on a monthly basis for the Traditional and Roth IRAs.

Retirement Projections - 2022 - June - Monthly Dividends (Bar Graph)

Retirement Projections - 2022 - June - Monthly Dividends (Bar Graph) (CDI)

The table below represents the genuine full-year results for 2022 and the prior year.

Retirement Projections - 2022 - June

Retirement Projections - 2022 - June (CDI)

Below is an expanded table that shows the full dividend history since inception for both the Traditional IRA and Roth IRA.

Retirement Projections - 2022 - June - 5 YR History

Retirement Projections - 2022 - June - 5 YR History (CDI)

I have included line graphs that better represent the trends associated with Jane's monthly dividend income generated by her retirement accounts. The images below represent the Traditional IRA and Roth IRA, respectively.

Retirement Projections - 2022 - June - Monthly Dividends

Retirement Projections - 2022 - June - Monthly Dividends (CDI)

Here is a table to show how the account balances stack up year over year (I previously used a graph but believe the table is more informative).

It is worth noting that with John and Jane Retired, there will be no additional contributions to these accounts. In fact, they have already begun to take regular distributions from the Taxable Account and John's Traditional IRA.

Retirement Account Balances - 2022 - June

Retirement Account Balances - 2022 - June (CDI)

The next images are the tables that indicate how much cash Jane had in her Traditional and Roth IRA Accounts at the end of the month as indicated on their Charles Schwab statements.

Retirement Projections - 2022 - June - Cash Balances

Retirement Projections - 2022 - June - Cash Balances (CDI)

The next image provides a history of the unrealized gain/loss at the end of each month in the Traditional and Roth IRAs going back to the beginning in January of 2018.

Retirement Projections - 2022 - June - Unrealized Gain-Loss

Retirement Projections - 2022 - June - Unrealized Gain-Loss (CDI)

I like to show readers the genuine unrealized gain/loss associated with each position in the portfolio because it is important to consider that in order to become a proper dividend investor, it is necessary to learn how to live with volatility. The market value and cost basis below are accurate at the market close on July 13th.

Here is the unrealized gain/loss associated with Jane's Traditional and Roth IRAs.

Traditional IRA - 2022 - June - Gain-Loss

Traditional IRA - 2022 - June - Gain-Loss (CDI)

Roth IRA - 2022 - June - Gain-Loss

Roth IRA - 2022 - June - Gain-Loss (CDI)

The last two graphs show how dividend income has increased, stayed the same, or decreased in each respective month on an annualized basis. I believe that the graph will continue to become more valuable as more years of data become available (with the fifth year of data being added, we can really see the trajectory of the income change for each month).

Traditional IRA - 2022 - June - Monthly Year-Over-Year Comparison

Traditional IRA - 2022 - June - Monthly Year-Over-Year Comparison (CDI)

Roth IRA - 2022 - June - Monthly Year-Over-Year Comparison

Roth IRA - 2022 - June - Monthly Year-Over-Year Comparison (CDI)

Conclusion

June was a rough month for account balances but the special dividends and increases were more than enough to compensate for this temporary drop in account value. In addition to this, readers can see a significant amount of trades which has allowed us to rotate capital from certain sectors and reduce exposure to certain positions while building positions in other positions that we consider to be undervalued.

June Articles

I have provided the link to the June 2022 Taxable Account below.

The Retirees' Dividend Portfolio: John And Jane's June Taxable Account Update

In Jane's Traditional and Roth IRAs, she is currently long the following mentioned in this article: AbbVie (NYSE:ABBV), Agree Realty (NYSE:ADC), Agree Realty Preferred Series A (ADC.PRA), Archer-Daniels-Midland (NYSE:ADM), Broadcom (NASDAQ:AVGO), Avient (NYSE:AVNT), Broadcom Preferred Series A (NASDAQ:AVGOP), Boeing (NYSE:BA), Bank of America (NYSE:BAC), Black Hills Corp. (NYSE:BKH), BlackRock Health Sciences Trust (NYSE:BME), Bank of Montreal (NYSE:BMO), Bank of Nova Scotia (NYSE:BNS), BP (NYSE:BP), British American Tobacco (NYSE:BTI), Canadian Imperial Bank of Commerce (NYSE:CM), Cummins (NYSE:CMI), Concentrix (NASDAQ:CNXC), Digital Realty (NYSE:DLR), Eaton Vance Floating-Rate Advantage Fund A (MUTF:EAFAX), Enbridge (NYSE:ENB), EPR Properties Preferred Series E (NYSE:EPR.PE), Eaton Corporation (NYSE:ETN), Emera Inc. (OTCPK:EMRAF), East West Bancorp (NASDAQ:EWBC), General Mills (NYSE:GIS), GasLog Partners Preferred C (NYSE:GLOP.PC), Honeywell (NASDAQ:HON), International Business Machines (NYSE:IBM), Iron Mountain (NYSE:IRM), Lexington Realty Preferred Series C (NYSE:LXP.PC), Lumen Technologies (NYSE:LUMN), LyondellBasell (NYSE:LYB), Main Street Capital (NYSE:MAIN), McGrath RentCorp (NASDAQ:MGRC), 3M (NYSE:MMM), Altria (NYSE:MO), Annaly Capital Preferred Series G (NYSE:NLY.PG), NextEra Energy (NYSE:NEE), NetApp (NASDAQ:NTAP), Realty Income (NYSE:O), OGE Energy Corp. (NYSE:OGE), Oxford Lane Capital Corp. 6.75% Cum Red Pdf Shares Series 2024 (NASDAQ:OXLCM), Philip Morris (NYSE:PM), PPG Industries (NYSE:PPG), PIMCO Corporate & Income Opportunity Fund (PTY), Cohen & Steers REIT & Preferred Income Fund (NYSE:RNP), Royal Bank of Canada (NYSE:RY), TD SYNNEX Corp. (NYSE:SNX), STORE Capital (NYSE:STOR), Toronto-Dominion Bank (NYSE:TD), Unilever (NYSE:UL), UMH Properties (UMH), Verizon (NYSE:VZ), Williams Companies (NYSE:WMB), W. P. Carey (NYSE:WPC).

Sat, 16 Jul 2022 01:03:00 -0500 en text/html https://seekingalpha.com/article/4523372-the-retirees-dividend-portfolio-janes-june-update-record-dividends
Killexams : IBM (IBM) Q2 Earnings and Revenues Beat Estimates

IBM (IBM) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 0.87%. A quarter ago, it was expected that this technology and consulting company would post earnings of $1.34 per share when it actually produced earnings of $1.40, delivering a surprise of 4.48%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

IBM , which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $15.54 billion for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 2.75%. This compares to year-ago revenues of $18.75 billion. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

IBM shares have added about 4.7% since the beginning of the year versus the S&P 500's decline of -19%.

What's Next for IBM?

While IBM has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for IBM: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.57 on $14.61 billion in revenues for the coming quarter and $9.83 on $60.74 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Integrated Systems is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, NCR (NCR), is yet to report results for the quarter ended June 2022.

This maker of ATMs and other hardware and software to handle payments is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of -1.6%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level.

NCR's revenues are expected to be $1.96 billion, up 17% from the year-ago quarter.


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Mon, 18 Jul 2022 18:01:00 -0500 en-US text/html https://finance.yahoo.com/news/ibm-ibm-q2-earnings-revenues-212509332.html
Killexams : IBM’s Red Hat Taps Product and Technology Chief as New Leader

(Bloomberg) -- IBM’s Red Hat named Matt Hicks, head of products and technologies, as its new leader, solidifying a bet that hybrid-cloud offerings will fuel the company’s growth.

Most Read from Bloomberg

Hicks takes over as the software unit’s chief executive officer and president from Paul Cormier, who will serve as chairman. “Paul and I have planned this for a while,” Hicks said Tuesday in an interview. “There’ll be a lot of similarities in what I did yesterday and what I’ll be doing tomorrow.”

International Business Machine Corp. acquired Red Hat for about $34 billion in 2019 as a central component of Chief Executive Arvind Krishna’s plan to steer the century-old company into the fast-growing cloud-computing market. As a division, Red Hat’s has seen steady revenue growth near 20%, far outpacing IBM as a whole.

IBM hopes to distinguish itself in the crowded cloud market by targeting a hybrid model, which helps clients store and analyze information across their own data centers, private cloud services and servers run by major public providers such as Amazon.com Inc. and Microsoft Corp. IBM has been a rare pocket of stability in the accurate stock market meltdown. The shares have gained 4.1% this year, closing at $139.18 Tuesday in New York, compared with a 28% decline for the tech-heavy Nasdaq 100.

“Together, we can really lead a a new era of hybrid computing,” said Hicks, who joined Red Hat in 2006. “Red Hat has the technology expertise and open source model -- IBM has the reach.”

Hicks said demand for hybrid cloud and software services should remain strong despite questions about the global economic outlook, touting accurate deals with General Motors Co. and ABB Ltd. The telecommunication and automotive industries are two areas he is targeting for expansion because they require geographically distributed data.

Most Read from Bloomberg Businessweek

©2022 Bloomberg L.P.

Tue, 12 Jul 2022 12:07:00 -0500 en-AU text/html https://au.finance.yahoo.com/news/ibm-red-hat-taps-product-213000469.html
Killexams : Get to Know Jimmy Tsang, Pondurance VP of Marketing

The post Get to Know Jimmy Tsang, Pondurance VP of Marketing appeared first on Pondurance.

*** This is a Security Bloggers Network syndicated blog from Blog | Pondurance authored by Pondurance. Read the original post at: https://www.pondurance.com/blog/jimmy-tsang-vp-marketing/

Tue, 02 Aug 2022 00:00:00 -0500 by Pondurance on August 2, 2022 en-US text/html https://securityboulevard.com/2022/08/get-to-know-jimmy-tsang-pondurance-vp-of-marketing%EF%BF%BC/ Killexams : IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High

IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High

60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses

CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM) Security today released the annual Cost of a Data Breach Report,1  revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.

The perpetuality of cyberattacks is also shedding light on the "haunting effect" data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.

The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.

Some of the key findings in the 2022 IBM report include:

  • Critical Infrastructure Lags in Zero Trust – Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million – a $1.17 million increase compared to those that do. All while 28% of breaches amongst these organizations were ransomware or destructive attacks.
  • It Doesn't Pay to Pay – Ransomware victims in the study that opted to pay threat actors' ransom demands saw only $610,000 less in average breach costs compared to those that chose not to pay – not including the cost of the ransom. Factoring in the high cost of ransom payments, the financial toll may rise even higher, suggesting that simply paying the ransom may not be an effective strategy.
  • Security Immaturity in Clouds – Forty-three percent of studied organizations are in the early stages or have not started applying security practices across their cloud environments, observing over $660,000 on average in higher breach costs than studied organizations with mature security across their cloud environments.
  • Security AI and Automation Leads as Multi-Million Dollar Cost Saver – Participating organizations fully deploying security AI and automation incurred $3.05 million less on average in breach costs compared to studied organizations that have not deployed the technology – the biggest cost saver observed in the study.

"Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases." said Charles Henderson, Global Head of IBM Security X-Force. "This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked."

Over-trusting Critical Infrastructure Organizations
Concerns over critical infrastructure targeting appear to be increasing globally over the past year, with many governments' cybersecurity agencies  urging vigilance against disruptive attacks. In fact, IBM's report reveals that ransomware  and destructive attacks represented 28% of breaches amongst critical infrastructure organizations studied, highlighting how threat actors are seeking to fracture the global supply chains that rely on these organizations. This includes financial services, industrial, transportation and healthcare companies amongst others.

Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.

Businesses that Pay the Ransom Aren't Getting a "Bargain"
According to the 2022 IBM report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay – not including the ransom amount paid. However, when accounting for the average ransom payment, which according to Sophos reached $812,000 in 2021, businesses that opt to pay the ransom could net higher total costs - all while inadvertently funding future ransomware attacks with capital that could be allocated to remediation and recovery efforts and looking at potential federal offenses.

The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years – from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With "time to ransom" dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.

Hybrid Cloud Advantage
The report also showcased hybrid cloud environments as the most prevalent (45%) infrastructure amongst organizations studied. Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively. In fact, hybrid cloud adopters studied were able to identify and contain data breaches 15 days faster on average than the global average of 277 days for participants.

The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.

Additional findings in the 2022 IBM report include:

  • Phishing Becomes Costliest Breach Cause – While compromised credentials continued to reign as the most common cause of a breach (19%), phishing was the second (16%) and the costliest cause, leading to $4.91 million in average breach costs for responding organizations.
  • Healthcare Breach Costs Hit Double Digits for First Time Ever– For the 12th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.
  • Insufficient Security Staffing – Sixty-two percent of studied organizations stated they are not sufficiently staffed to meet their security needs, averaging $550,000 more in breach costs than those that state they are sufficiently staffed.

Additional Sources

  • To get a copy of the 2022 Cost of a Data Breach Report, please visit: https://www.ibm.com/security/data-breach.
  • Read more about the report's top findings in this IBM Security Intelligence blog.
  • Sign up for the 2022 IBM Security Cost of a Data Breach webinar on Wednesday, August 3, 2022, at 11:00 a.m. ET here.
  • Connect with the IBM Security X-Force team for a personalized review of the findings: https://ibm.biz/book-a-consult.

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force ®  research, enables organizations to effectively manage risk and defend against emerging threats.  IBM operates one of the world's broadest security research, development, and delivery organizations, monitors  150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on  Twitter or visit the IBM Security Intelligence blog.

Press Contact:

IBM Security Communications
Georgia Prassinos
gprassinos@ibm.com

1 Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored, and analyzed by IBM
2  Average cost of $4.53M, compared to average cost $3.87 million at participating organizations with mature-stage cloud security practices

Photo - https://mma.prnewswire.com/media/1865847/IBM_CODB.jpg

Logo - https://mma.prnewswire.com/media/95470/ibm_logo.jpg  

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Killexams : IBM 'seems to be showing it's in a position to weather' the tough economic climate: Analyst

Futurm Principal Research Analyst Daniel Newman joins Yahoo Finance Live to discuss IBM's latest earnings results and what it shows about the company amid market volatility.

Video Transcript

[MUSIC PLAYING]

SEANA SMITH: IBM shares moving lower, despite posting a 9% jump in sales. You can see the stock off just about 3% right now. Revenue for the quarter coming in at $15.5 billion. The estimate on the Street was for $15.1 billion. For more on this, we want to bring in Daniel Newman, principal analyst at Futurum Research. Daniel, it's great to see you. We certainly are seeing some concern here, at least in the aftermarket action, on the heels of these results from IBM. It looks like the strengthening dollar affecting their full year outlook. What was your big takeaway from the results that we just got?

DANIEL NEWMAN: Yeah, I'm just digesting the results, but overall, it's hard to not feel a little bit more positive, given the general negative sentiment towards growth. Last week, ServiceNow CEO Bill McDermott came out, kind of warned about the impact of 4x in the currency exchange. Markets sold hard in response to that. But overall, with the general macro conditions, I still think IBM's a bellwether, and it's showing overall strength for enterprise technology.

I've been looking at AI, Automation, Hybrid cloud, and kind of wondering if these would have a stronger lasting power in the recessionary environment. And what IBM is showing is, yes. I mean, this is a company that wasn't growing much when things were going up. And now over the last few quarters, Arvind Krishna, after the transition, the spin-off of Kyndryl, is showing that this company is getting close to double digit. And if you add constant currency, it actually is in the double digit range. So I see the market's negative, but I think this was a really good print for IBM.

RACHELLE AKUFFO: And we do know that it has been a volatile year, year to date for IBM's stock. And a lot of people are wondering, what we're really going to see some of the real fallout come when we look at the third quarter. What are your expectations, given where we are now and given these current earnings that have just come out?

DANIEL NEWMAN: Well, there's a couple of things to consider. I think the company has some parts of its business that are very cyclical, like its infrastructure business, the Z business, which is their mainframe, but it's a huge profit and revenue. And they only had one month of that business in this quarter. You saw that infrastructure number up double digits significantly this quarter. So that whole sales cycle is going to really pump into the next quarter. So I feel that's going to help.

And then if you look at the growth, like, in the cloud area, like Red Hat, I mean, you saw 12% steady double digit, but this overall result wasn't based upon any part of the business doing extraordinarily well while others were really suffering. What I see here is the post-Kyndryl environment. The company seems to be getting its product mix right. It's focused on hybrid Enterprise Cloud, partnering with the likes of AWS, as opposed to so much trying to compete with AWS. It seems to be working.

And if you're an investor and you're kind of looking at that value play, value yield, and a company that's going to be able to persevere through a tougher climate, IBM has kind of shown that, even going back as far as November, compared to a lot of the other higher growth companies. So you might be right. There might still be some tougher quarters ahead. But IBM seems to be showing it's in a good position to weather.

DAVE BRIGGS: Boy, you're right about that infrastructure number up almost 19%. Consulting up nearly 10%. It looks like across the board. Is there any weak spot at IBM? And what's your rating?

DANIEL NEWMAN: Well, as an industry and tech side, I don't rate. But what I would say, as an analyst looking at the overall business health, I think the company has actually done a really good job of diverging from those pressure areas. I think the spin-off of Kyndryl was really getting rid of something that had made growth nearly impossible, allowed Kyndryl to focus on that part of the business.

And now you see Arvind in-- as leadership, really focusing on that sort of, let's get high single and low double digit across the portfolio. I'd like to see cloud grow fast. Sorry, I'd like to see cloud grow faster to keep up with those 20s and 30s that we see from some of the hyperscalers. But I also think that's a little different for IBM. Very focused on the enterprise, very focused on consistent growth across the portfolio.

And like I said, if we're going to weather this difficult economic time, I think that slow, steady, and being of high value, helping companies automate, deploy artificial intelligence, utilize their data, and move workloads to the cloud are going to be the key elements of the more successful part of tech over the next 12 to 18 months.

SEANA SMITH: Hey, Dan, in the release, they said that they did see balanced growth across our geographies. IBM saying that in their earnings report. If we do, though, see a wider than expected slowdown-- I know you're seeing IBM is positioned relatively well. But what impact would that potentially look like on a company like IBM, and more broadly speaking, for the tech sector?

DANIEL NEWMAN: Yeah, the whole world is still playing catch-up. I think the US has been more aggressive in fiscal policy. I think that more aggressive approach has helped to start to see some of the slowdown in demand that's going to be required for us to get to the other side of this. We, of course, are seeing different policy in Europe. Of course, Asia, they're still dealing with everything from their policy to COVID shutdowns that are still slowing manufacturing.

And so, a company that's as globally distributed as IBM has risks across the world. And of course, we're seeing that with forex right now and in the raise in terms of impact that they noted in this particular print. Having said that, the-- I actually had a chance to talk to Arvind Krishna. I believe it was last quarter. And he actually said the most protected line item in any enterprise's budget is going to be IT.

And that really resonated with me that right now, companies that are going to see their way through this challenging economic environment are going to have to, quote unquote, "tech" their way out of it. They're going to have to make investments in things like automation and AI to make workforces more efficient, to slow down CapEx spending, and of course, to rightsize workforces, which is going to be something that is likely going to have to happen, if we're going to work our way through a recessionary period.

DAVE BRIGGS: Quite the report. Futurum Research principal analyst Dan Newman, appreciate that, sir. Thank you.

Mon, 18 Jul 2022 09:33:00 -0500 en-CA text/html https://ca.finance.yahoo.com/video/ibm-seems-showing-position-weather-205656041.html
Killexams : Q2 Earnings Surprise in Cards for IBM: ETFs in Focus

International Business Machines IBM is scheduled to report second-quarter 2022 results on Jul 18 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results.

IBM has gained 10.2% over the past three months outperforming the industry, which has declined 2.4%. The positive trend is expected to continue as IBM saw increasing earnings estimates for the yet-to-be-reported quarter right before the earnings announcement (see: all the Technology ETFs here).

Given this, ETFs having the highest allocation to this this tech giant will be in focus. These funds — First Trust NASDAQ Technology Dividend Index Fund TDIV, Invesco Dow Jones Industrial Average Dividend ETF DJD, WBI Power Factor High Dividend ETF WBIY, Amplify Transformational Data Sharing ETF BLOK, and SPDR NYSE Technology ETF XNTK — could be potential movers if IBM surprises the market.

Inside Our Methodology

IBM has a Zacks Rank #3 (Hold) and an Earnings ESP of +0.22%. According to our methodology, the combination of a positive Earnings ESPand a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The stock has seen positive earnings estimate revision of a penny for the second quarter over the last seven days. Analysts increasing estimates right before earnings — with the most up-to-date information possible — is a good indicator for the stock. Its earnings track is also impressive, with the average four-quarter positive earnings surprise being 2.02%. However, the Zacks Consensus Estimate indicates a substantial earnings decline of 1.3% from the year-ago quarter and a revenue decline of 19.3%. The stock has a VGM Score of B and belongs to a bottom-ranked Zacks industry (bottom 24%).

The Zacks Consensus Estimate for the average target price is $148.30, with 50% of the analysts having a Strong Buy or a Buy rating ahead of earnings.

ETFs in Focus

First Trust NASDAQ Technology Dividend Index Fund (TDIV)

First Trust NASDAQ Technology Dividend Index Fund provides exposure to dividend payers within the technology sector by tracking the Nasdaq Technology Dividend Index. It charges 50 bps in annual fees and holds about 91 securities in its basket. Of these firms, IBM takes the top spot, making up 8.8% of the assets (read: Market-Beating Dividend ETFs of 1H).

First Trust NASDAQ Technology Dividend Index Fund has amassed $1.6 billion in its asset base while trading in a volume of around 160,000 shares per day.

Invesco Dow Jones Industrial Average Dividend ETF (DJD)

Invesco Dow Jones Industrial Average Dividend ETF offers exposure to dividend-paying companies included in the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. It holds 28 stocks in its basket, with IBM occupying the top position accounting for 8.9%.

Invesco Dow Jones Industrial Average Dividend ETF has managed assets worth $222.9 million while trading in a volume of 58,000 shares a day on average. It charges 7 bps in annual fees and has a Zacks ETF Rank #3 (Hold).

WBI Power Factor High Dividend ETF (WBIY)

WBI Power Factor High Dividend ETF offers exposure to quality stocks that have the highest dividend yield with a deep value bias and multi-factor fundamental analysis. It follows the Solactive Power Factor High Dividend Index, holding 51 stocks in the basket. IBM takes the top position with a 6.4% share in the basket.

WBI Power Factor High Dividend ETF has amassed $62.4 million in its asset base and charges 70 bps in annual fees. It trades in a lower volume of 6,000 shares a day, on average.

Amplify Transformational Data Sharing ETF (BLOK)

Amplify Transformational Data Sharing ETF is actively managed, providing investors global exposure to a basket of the leading companies engaged in the development and utilization of blockchain technologies. It holds a basket of 49 stocks, with IBM taking the top spot at 5.5% of the portfolio. American firms dominate about 77% of the portfolio, followed by Asia Pacific (16.7%).

Amplify Transformational Data Sharing ETF has AUM of $521.8 million in its asset base and trades in an average daily volume of 367,000 shares. BLOK has an expense ratio of 0.71%.

SPDR NYSE Technology ETF (XNTK)

SPDR NYSE Technology ETF provides exposure to 35 leading U.S.-listed technology-related companies by tracking the NYSE Technology Index. IBM occupies the top spot with 5.1% of assets. Semiconductors take the largest share at 25.6%, while Internet & direct marketing retail, systems software and semiconductor equipment round off the next spots (read: Cathie Wood Sees a Fast Recovery in Tech ETFs: Is It Possible?).

SPDR NYSE Technology ETF has amassed $385.8 million and charges 35 bps in annual fees. It trades in an average daily volume of 16,000 shares and has a Zacks ETF Rank #2 (Buy).


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International Business Machines Corporation (IBM) : Free Stock Analysis Report
 
Invesco Dow Jones Industrial Average Dividend ETF (DJD): ETF Research Reports
 
First Trust NASDAQ Technology Dividend ETF (TDIV): ETF Research Reports
 
WBI Power Factor High Dividend ETF (WBIY): ETF Research Reports
 
SPDR NYSE Technology ETF (XNTK): ETF Research Reports
 
Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports
 
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Fri, 15 Jul 2022 05:12:00 -0500 en-GB text/html https://uk.news.yahoo.com/q2-earnings-surprise-cards-ibm-151503283.html
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