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Computers have helped people wade through their tax returns for decades. Preparers at H&R Block this season will get some help, too. But a computer won’t just crunch the numbers. Rather, it will probe your return and ask questions along the way--trying to make sure you don’t pay a penny more than necessary to Uncle Sam. H&R Block has “hired” IBM’s Watson--a powerful artificial intelligence system--to act as a cyberguide in preparing taxes.

To study for the job, Watson digested the federal tax code (more than 74,000 pages) and absorbed thousands of conversations between H&R Block’s tax preparers and clients. Its objective is to analyze conversational patterns to determine whether taxpayers may be missing opportunities for savings. Now, when a tax preparer and client go through the paperwork, Watson can follow along, and the system will issue prompts on computer screens if it detects a potential deduction or credit they may be missing. “Watson will ask questions that we might not think about on our own,” says Ed Harbour, a vice president at IBM.

With H&R Block expecting Watson to assist with processing 11 million returns this year, the system should get smarter as it absorbs more data and conversational patterns, making it a more useful tool, says Harbour. For example, IBM says the system should eventually provide taxpayers with “increasingly personalized tips” to help lower their tax bills in the future.

Watson isn’t the only AI technology playing a greater role in our lives. If you use Facebook, Google or Amazon.com, for instance, AI is behind the scenes, guiding you through the site. Meanwhile, Watson is expanding into scientific research, robotics and other fields, and IBM hopes it will push to the forefront of several major technology trends, such as the Internet of Things, cloud computing and personalized medicine. (For more companies cashing in on these trends, see 13 Stocks for the Tech Revolution.)

For now, Watson doesn’t appear to be a big moneymaker for IBM. But investors seem impressed with its potential, seeing it as a way for IBM to reverse a long period of falling sales and profits. IBM’s stock (symbol IBM) returned 25% in 2016, after three straight years of declines. One shareholder who should be pleased: Warren Buffett, whose Berkshire Hathaway owns an 8.5% stake in Big Blue, worth $14.2 billion.

Sun, 17 Jul 2022 11:59:00 -0500 en text/html https://www.kiplinger.com/article/investing/t057-c000-s002-how-ibm-watson-can-help-cut-your-tax-bill.html
Killexams : Data Center Rack Market Will Generate Massive Revenue in Future – A Comprehensive Study on Key Players

The MarketWatch News Department was not involved in the creation of this content.

Jul 29, 2022 (Alliance News via COMTEX) -- New York (US) - Key Companies Covered in the Data Center Rack Market Research are Emerson Electric, Rittal, HPE, Eaton, Oracle, Schneider Electric, Chatsworth Products, IBM, Dell, Cisco, Dataracks, Tripp Lite, AMCO Enclosures, Fujitsu, Black Box, Belden and other key market players.

The global Data Center Rack Market is expected to reach US$ Million by 2027, with a CAGR of $$% from 2020 to 2027, based on Report Ocean newly published report. The demand for Internet-of-Things (IoT) technology and services are growing globally, especially around applications within the healthcare, energy, transport, public sector, and manufacturing industries. Many countries have led to the emergence of IoT/smart city projects.

Download Free trial of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=HNY302008

The U.S. accounted for the major share in the global landscape in technology innovation. As per the World Economic Forum's 2018 Global Competitive Index, the country's competitive advantage is owing to its business vitality, substantial institutional pillars, financing agencies, and vibrant innovation ecosystem.

As of 2021, the U.S. region garnered 36%of the global information and communication technology (ICT) market share.Europe and China ranked as the second and third largest regions, separately accounting for 12%of the market share.The U.S. economy has held its global leadership position despite only a cumulative growth in wages from US$ 65 per hour in 2005 to US$ 71.3 per hour in 2015.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America)

By Types:

Open Frame Racks

Rack Enclosures

Wall-mount Racks

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Networking Data Center Rack Application

Servers Data Center Rack Application

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Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends:Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers:Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

  • Which Manufacturing Technology is used for Market? What Developments Are Going on in That Technology?
  • Which Trends Are Causing These Developments? Who Are the Global Key Players in This Market?
  • What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was Global Status of Market? What Was Capacity, Production Value, Cost and PROFIT of Market?
  • What Is Current Market Status of market Industry? What's Market Competition in This Industry, Both Company, and Country Wise?
  • What's Market Analysis of Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit?
  • What Will Be Market Share Report, Supply and Consumption? What about Import and Export?
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COMTEX_411216977/2796/2022-07-29T01:55:01

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Thu, 28 Jul 2022 17:55:00 -0500 en-US text/html https://www.marketwatch.com/press-release/data-center-rack-market-will-generate-massive-revenue-in-future-a-comprehensive-study-on-key-players-2022-07-29
Killexams : 3D IC Market Emerging Players May Yields New Opportunities 2028 | Top Players: IBM, ASE Technology Holding Co., Ltd., STMicroelectronics, SAMSUNG

The MarketWatch News Department was not involved in the creation of this content.

Aug 02, 2022 (Heraldkeepers) -- Companies desiring an efficient business growth should adopt market research report like Global 3D IC Market which seems to be very imperative in this rapidly changing marketplace. While formulating this market report, absolute industry insight, talent solutions, practical solutions and use of technology are merged together very well to advance user experience. The business report brings to notice many points regarding 3D IC industry and market. These are mainly explained with respect to market definition, market segmentation, competitive analysis, and research methodology as major Topics of the consistent 3D IC report. It also gives details about market drivers and market restraints which aids businesses in guessing about reducing or increasing the production of specific product.

A thorough market study and investigation of trends in consumer and supply chain dynamics covered in the wide-reaching 3D IC market report helps businesses draw the strategies about sales, marketing, and promotion. Besides, market research performed in this industry report puts a light on the challenges, market structures, opportunities, driving forces, and competitive landscape for the business. It assists in obtaining an extreme sense of evolving industry movements before competitors. If businesses are willing to gain competitive advantage in this swiftly transforming marketplace, then opting for such market research report is highly suggested as it gives a lot of benefits for a thriving business.

Get Exclusive trial of This Premium Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-3d-ic-market

Data Bridge Market Research analyses that the 3D IC market will exhibit a CAGR of 33% for the forecast period of 2021-2028. Rise demand for connected devices, rising application of internet of things by the various end user verticals and rising adoption of high- end servers major factors attributable to the growth of 3D IC market. This signifies that the 3D IC market value will rise up to USD 29.65 billion by the year 2028.

3D IC stands for three-dimensional integrated circuit. It consists of three dimensional arrays of interconnected devices. It is a metal-oxide-semiconductor integrated circuit which is composed of silicon wafers or dies. It helps to Excellerate the operational efficiency at reduced power and a smaller footprint.

Rising demand for advanced electronic products with superior functionality has resulted in propelling growth in the 3D IC market value. Rising demand for 3Dpackaging solutions is another important factor fostering the growth of the 3D IC market. Upsurge in the research and development proficiencies has further generated lucrative growth opportunities for the 3D IC market. Rising penetration of smart portable devices is another factor fostering the growth of the market.

Our research and insights help our clients in identifying compatible business partners.

The assessment provides a 360� view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions

Global 3D IC Market: Competitive Analysis

This report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies. The competitive analysis helps the vendor to define an alignment or fit between their capabilities and opportunities for future growth prospects.

The report deeply explores the recent significant developments by the leading vendors and innovation profiles in the Global 3D IC Market including

IBM, ASE Technology Holding Co., Ltd., STMicroelectronics, SAMSUNG, Taiwan Semiconductor Manufacturing Company Limited, Toshiba Corporation., Micron Technology, Inc., MonolithIC 3D Inc. , Intel Corporation, TEZZARON., Amkor Technology, JCET Group Co., Ltd., United Microelectronics Corporation., Xilinx, ANSYS, Inc, Cadence Design Systems, Inc., EV Group (EVG), SUSS MICROTEC SE, Siliconware Precision Industries Co., Ltd. and Camtek among other domestic and global players..

This report also comprises of strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. This research study lends a hand to the purchaser in comprehending the various drivers and restraints with their effects on the market during the forecast period. The report has been prepared based on the market type, size of the organization, availability on-premises and the end-users' organization type. 3D IC report puts across the idea of high level analysis of major market segments and identification of opportunities.

Read Detailed Index of Full Research Study @ https://www.databridgemarketresearch.com/reports/global-3d-ic-market

Global 3D IC Market Scope and Market Size

The 3D IC market is segmented on the basis of component, application, substrate, technology and end- user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of component, the 3D IC market is segmented into LED, memories, MEMS, sensor, logic and others.
  • On the basis of application, the 3D IC market is segmented into logic, imaging and optoelectronics, memory, MEMS/sensors, LED, power, analog and mixed signal, RF, photonics and others.
  • On the basis of substrate, the 3D IC market is segmented into silicon on insulator and bulk silicon.
  • On the basis of technology, the 3D IC market is segmented into 3D wafer-level chip-scale packaging (WLCSP), 3D TSV, silicon epitaxial growth, beam Re-crystallization, solid phase crystallization and wafer bonding.
  • On the basis of end- user industry, the 3D IC market is segmented into consumer electronics, telecommunication, industrial sector, automotive, military and aerospace, smart technologies and medical devices.

An exceptional 3D IC market research report can be structured well with the blend of top attributes such as highest level of spirit, practical solutions, committed research and analysis, innovation, talent solutions, integrated approaches, most up-to-date technology and dedication. Further, strategic planning supports in improving and enhancing the products with respect to customer's preferences and inclinations. The report comprises of all the market shares and approaches of the major competitors or the key players in this industry. Moreover, this market report also brings into the focus various strategies that have been used by other key players of the market or this industry.

Major Regions:

Geographically, this report split into several key regions, with sales (MT), Revenue (Million USD), market share, and growth rate for these regions, covering

**North America (United States, Canada and Mexico)

**Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

**Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

**South America (Brazil, Argentina, Colombia, and Rest of South America)

**Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

What Are The Market Factors Explained in the Report?

Key Strategic Developments: The study includes the major strategic developments of the market, comprising R&D, new product launch, M&A, agreements, partnerships, collaborations, joint ventures, and regional growth of the key competitors functioning in the market on a global and regional scale.

Key Market Features: The report analyzed key market features, comprising price, revenue, capacity, supply/demand, capacity utilization rate, gross, production, production rate, market share, consumption, import/export, cost, CAGR, and gross margin. Besides, the report also offers a comprehensive study of the key market dynamics and their latest trends, along with relevant market segments and sub-segments.

Analytical Tools: The Global 3D IC Market report includes the accurately studied and analyzed data of the key industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and ROI analysis have been used to analyze the growth of the key players functioning in the market.

Some Major Points in TOC:

Chapter 1. Report Overview

Chapter 2. Global Growth Trends

Chapter 3. Market Share by Key Players

Chapter 4. Breakdown Data by Type and Application

Chapter 5. Market by End Users/Application

Chapter 6. COVID-19 Outbreak: 3D IC Industry Impact

Chapter 7. Opportunity Analysis in Covid-19 Crisis

Chapter 8. Market Driving Force

And Many More...

Check The Complete Table of Content @ https://www.databridgemarketresearch.com/toc/?dbmr=global-3d-ic-market

3D IC Market: Key Highlights

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will assist market growth.
  • Estimation of market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behaviour
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

Reasons for Buying this Report

**This 3D IC report provides pin-point analysis for changing competitive dynamics

**It provides a forward looking perspective on different factors driving or restraining 3D IC market growth

**It provides a six-year forecast assessed on the basis of how the 3D IC market is predicted to grow

**It helps in understanding the key product segments and their future

**It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

**It helps in making informed business decisions by having complete insights of 3D IC market and by making in-depth analysis of market segments

Thanks for practicing this article you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

Looking for provoking fruitful enterprise relationships with you!

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."

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COMTEX_411433108/2582/2022-08-02T13:16:43

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Tue, 02 Aug 2022 05:16:00 -0500 en-US text/html https://www.marketwatch.com/press-release/3d-ic-market-emerging-players-may-yields-new-opportunities-2028-top-players-ibm-ase-technology-holding-co-ltd-stmicroelectronics-samsung-2022-08-02
Killexams : Consumers left out of pocket as security costs soar

The impact of cyber security incidents and data breaches may be contributing in a small way to the rising cost of goods and services that is leaving millions of UK citizens on the brink of financial crisis, as victim organisations struggle to recoup their losses from incident response, forensics, ransom payments and regulatory fines.

This is according to the latest edition of IBM Security’s annual Cost of a data breach report, which found that as the average cost of an incident across its surveyed base hits a high of $4.35m (£3.61m), up 13% over the last two years of the report, 60% of victim organisations have had to raise the price of their products or services as a direct result of the incident.

Darren Williams, CEO and founder of anti-ransomware specialist Blackfog, said that the study’s findings were not particularly surprising.

“Rising data breach costs are to be expected and unfortunately many consumers are now jaded by breach notifications as they happen on such a regular basis,” said Williams.

“Given the increase in cyber attacks generally and the new focus on data exfiltration rather than encryption, the number of breaches and the costs of remediation is likely to rise at a much faster rate in the coming years.

“As it becomes increasingly difficult to obtain cyber insurance coverage and/or pay-outs following cyber incidents, companies will certainly look to pass these costs on to their customers, who will end up not only footing the bill for the breach, but also paying the price for having their data in the hands of criminal gangs or for sale on the dark web,” he said.

Trevor Dearing, director of critical infrastructure solutions at zero-trust specialist Illumio, said that IBM’s survey had demonstrated how important it was for organisations to prepare for incidents ahead of time, rather than respond to them.

“Figures like this that place the average data breach at an eye-watering cost of $4.4m really put the scale of the problem into perspective,” said Dearing. “By putting in protection before an attack, organisations can mitigate any costs that would be passed onto consumers.

“By taking a zero-trust approach, segmenting critical assets, and only allowing known and Tested communication between environments, security teams can limit the impact of an attack for both the organisation and its customers.”

The study noted that a great many organisations, and over 80% in the case of highly-vulnerable critical national infrastructure (CNI) operators, had not yet adopted zero-trust strategies, and those organisations saw the average cost of a breach rising beyond $5m.

Other factors in the varying cost of a breach included payment or non-payment of ransomware demands, with the data showing those who chose to pay, against all reasonable advice, actually saw average costs fall by approximately $610,000, not including the payment.

Meanwhile, the 43% of respondents who were still in the early stages (or who had not started) implementing security best practice in their cloud environments were on the hook for $660,000 more than those who were on top of cloud security, and organisations that had implemented security artificial intelligence (AI) and automation incurred $3.05m less on average, making such technology the biggest cost-saver yet observed by the study.

“Businesses need to put their security defences on the offence and beat attackers to the punch. It’s time to stop the adversary from achieving their objectives and to start to minimise the impact of attacks,” said Charles Henderson, global head of IBM Security X-Force.

“The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases. This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked.”

IBM said the constant barrage of cyber attacks faced by organisations was also shedding light on a “haunting effect” of breaches, with the vast majority of those surveyed having experienced multiple breaches, and many reporting that they were still incurring unexpected costs months or even years, after an incident.

IBM’s findings back up – to some extent – a recent policy shift at the UK’s Information Commissioner’s Office (ICO), which recently announced it would be cutting back on fining public sector breach victims, saying that to do so effectively visits the cost of an incident on the public in the form of reduced budgets for critical services.

Wed, 27 Jul 2022 11:41:00 -0500 en text/html https://www.computerweekly.com/news/252523222/Consumers-left-out-of-pocket-as-security-costs-soar
Killexams : 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.

60% of breached businesses studied stated they increased the price of their products or services due to the data breach

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 obtain 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

IBM Corporation logo. (PRNewsfoto/IBM)

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Killexams : What is Cyber Security and Why is it Important?

A student exploring what cyber security is, holding a tablet and standing in front of large machines at his internship.

In recent years, headlines about cyber security have become increasingly common. Thieves steal customer social security numbers from corporations’ computer systems. Unscrupulous hackers grab passwords and personal information from social media sites or pluck company secrets from the cloud. For companies of all sizes, keeping information safe is a growing concern.

What Is Cyber Security?

Cyber security consists of all the technologies and practices that keep computer systems and electronic data safe. And, in a world where more and more of our business and social lives are online, it’s an enormous and growing field with many types of job roles.

According to the Cyber Security & Infrastructure Security Agency (CISA), "Cyber security is the art of protecting networks, devices and data from unauthorized access or criminal use and the practice of ensuring confidentiality, integrity and availability of information."

What Is Information Security?

Information security is the processes and tools designed and used to protect sensitive business information from modification, disruption, destruction and inspection, according to CISCO.

Information security and cyber security are often confused. According to CISCO, information security is a crucial part of cyber security but is used exclusively to ensure data security.

Everything is connected by computers and the internet now, including communication, entertainment, transportation, shopping, medicine and more. A copious amount of personal information is stored among these various services and apps, which is why information security is critical.

Why Is Cyber Security Increasingly Important?

Getting hacked isn’t just a direct threat to the confidential data companies need. It can also ruin their relationships with customers and even place them in significant legal jeopardy. With new technology, from self-driving cars to internet-enabled home security systems, the dangers of cybercrime become even more serious.

So, it’s no wonder that international research and advisory firm Gartner Inc. predicts worldwide security spending will hit $170 billion in 2022, an 8% increase in just a year.

Jonathan Kamyck with text Jonathan Kamyck“We’re seeing a tremendous demand for cyber security practitioners,” said Jonathan Kamyck, associate dean of cyber security at Southern New Hampshire University (SNHU). “Most businesses, whether they’re large or small, will have an online presence, for example. Some of the things you would do in the old days with a phone call or face-to-face now happen through email or teleconference, and that introduces lots of complicated questions with regard to information.”

These days, the need to protect confidential information is a pressing concern at the highest levels of government and industry. State secrets can be stolen from the other side of the world. Companies whose whole business models depend on control of customer data can find their databases compromised. In just one high-profile 2017 case, personal information for 147.9 million people – about half the United States – was compromised in a breach of credit reporting company Equifax.

What Are Cyber Attacks?

Infographic with the text Common Cyber Attack Threats: Malware, Phising, Ransomware, VirusesA cyber attack is an unwelcomed attempt to steal, expose, alter, disable or destroy information through unauthorized access to computer systems, according to the International Business Machines (IBM).

There are many reasons behind a cyber attack, such as cyber warfare, cyber terrorism and even hacktivists, but these actions fall into three main categories: criminal, political and personal.

Attackers motivated by crime typically seek financial gain through money theft, data theft or business disruption. Similarly, personal attackers include disgruntled current or former employees who will take money or data in an attempt to attack a company's systems.  Socio-political motivated attackers desire attention for their cause, resulting in their attacks being known to the public, and this is a form of hacktivism. Other forms of cyber attacks include espionage, or spying to gain an unfair advantage over the competition, and intellectual challenging.

According to CISA, as of 2021, there is a ransomware attack every 11 seconds – a dramatic rise from every 39 seconds in 2019 (CISA PDF Source). In addition, small businesses are the target of nearly 43% of all cyber attacks, which is up 400%.

The Small Business Association (SBA) reports that small businesses make attractive targets and are typically attacked due to their lack of security infrastructure. The SBA also reports that a majority of small business owners felt their business was vulnerable to an attack. This is because many of these businesses:

  • Can't afford professional IT solutions
  • Have limited time to devote to cyber security
  • Don't know where to begin

What Are Types of Cyber Attacks and Threats?

Here are some of the most common threats among cyber attacks:

  • Malware: Malware, also known as malicious software, is intrusive software developed by cyber criminals to steal data or to damage and destroy computers and computer systems, according to CISCO. Malware has the capability of exfiltrating massive amounts of data. Examples of common malware are viruses, worms, trojan viruses, spyware, adware and ransomware.
  • Phishing: Phishing attacks are the practice of sending fraudulent communications while appearing to be a reputable source, according to CISCO. This is typically performed via email or on the phone. The goal is to steal sensitive information such as financial or login information – or to install malware onto a target's device.
  • Ransomware: Ransomware is a form of malware designed to encrypt files on a target device, rendering those files and the systems they rely on unusable, according to the CISA. Once the system has been encrypted, actors demand ransom in exchange for decryption.
  • Viruses: A virus is a harmful program intended to spread from computer to computer, as well as other connected devices, according to the SBA. The object of a virus is to supply the attacker access to the infected systems. Many viruses pretend to be legitimate applications but then cause damage to the systems, steal data, interrupt services or obtain additional malware, according to Proofpoint.

Who Is Behind Cyber Attacks?

Attacks against enterprises can come from a variety of sources such as criminal organizations, state actors and private persons, according to IBM. An easy way to classify these attacks is by outsider versus insider threats.

Outsider or external threats include organized criminals, professional hackers and amateur hackers (like hacktivists).

Insider threats are typically those who have authorized access to a company's assets and abuse them deliberately or accidentally. These threats include employees who are careless of security procedures, disgruntled current or former employees and business partners or clients with system access.

Developing Cyber Awareness

Infographic with the text Good Security Measures: Downloading the latest patches and software updates, Ensuring data is secure, Make sure employees use strong passwordsCyber security awareness month takes place every October and encourages individuals and organizations to own their role in protecting their cyberspace, according to Forbes, although anyone can practice being mindful of cyber security at any time. Awareness of the dangers of browsing the web, checking emails and interacting online in general are all part of developing cyber security awareness.

Cyber security awareness can mean different things to different people depending on their technical knowledge. Ensuring appropriate training is available to individuals is a great way to motivate lasting behavioral changes.

While cyber security awareness is the first step, employees and individuals must embrace and proactively use effective practices both professionally and personally for it to truly be effective, according to Forbes.

Getting started with cyber security awareness is easy, and many resources are readily available on the CISA government website based on your needs. Whether you need formal training or a monthly email with cyber security tips and tricks, any awareness and training can impact behavior and create a positive change in how you view cyber security.

What Are the Types of Cyber Security?

Here are the most common types of cyber security available:

  • Application Security: Application security describes security used by applications to prevent data or code within the app from being stolen or hijacked. These security systems are implemented during application development but are designed to protect the application after deployment, according to VMWare.
  • Cloud Security: Cloud security involves the technology and procedures that secure cloud computing environments against internal and external threats. These security systems are designed to prevent unauthorized access and keep data and applications in the cloud secure from cyber security threats, according to McAfee.
  • Infrastructure Security: Critical infrastructure security describes the physical and cyber systems that are so vital to society that their incapacity would have a debilitating impact on our physical, economic or public health and safety, according to CISA.
  • Internet of Things (IoT) Security: IoT is the concept of connecting any device to the Internet and other connected devices. The IoT is a network of connected things and people, all of which share data about the way they are used and their environments, according to IBM. These devices include appliances, sensors, televisions, routers, printers and countless other home network devices. Securing these devices is important, and according to a study by Bloomberg, security is one of the biggest barriers to widespread IoT adaption.
  • Network Security: Network security is the protection of network infrastructure from unauthorized access, abuse or theft. These security systems involve creating a secure infrastructure for devices, applications and users to work together, according to CISCO.

Do You Need a Degree To Be a Cyber Security Professional?

A cyber security degree provides an opportunity for students to develop skills and a mindset that empowers them to begin a career in securing systems, protecting information assets and managing organizational risks.

Alex Pettito with the text Alex PettitoAlex Petitto ’21 earned his bachelor’s in cyber security. Petitto always wanted to work within the IT sector, and he chose cyber security because it’s an exponentially growing field. He transferred credits from a community college through a U.S. Air Force program and finished his bachelor's in under two years. "It was much quicker than I thought it would be,” he said.

It didn't take long for Petitto to begin exploring his career options. "Even before finishing (my) degree, I … received multiple invites to interview for entry-level positions within the industry and received three job offers," said Petitto. He decided to remain within the Air Force and transfer to a cyber security unit as opposed to joining the private sector.

Petitto said his cyber security degree opened doors for him in the field – “a monumental goal for me," he said. "This degree was a critical first step for breaking into the industry."

Your cyber security degree program can also connect you with experiential learning opportunities to further your growth as a cyber security professional. For example, the annual National Cyber League (NCL) has a competition wherein students from across the U.S. practice real-world cyber security tasks and skills. SNHU recently placed 9th out of over 500 colleges participating in the NCL competition.

Career Opportunity and Salary Potential in Cyber Security

As companies large and small scramble to respond to the growing threats, jobs in the cyber security field are growing fast. The U.S. Bureau of Labor Statistics (BLS) predicts that employment for information security analysts will grow by 33% through 2030. That’s more than twice as fast as the average computer-related occupation and four times as fast as American jobs in general.

To help fill the need for more professionals in the cyber security world, CyberSeek, a project funded by the federal government and supported by industry partners, provides detailed information on the demand for these workers by state. The tool shows that, across the country, there were 180,000 job openings for information security analysts between May 2021 and April 2022, with only 141,000 professionals holding jobs in the role, reflecting an unfilled demand of 39,000 workers.

“There’s a huge shortfall right now in entry-level and midlevel cyber security roles,” Kamyck said. “You’re looking at demand across all business sectors, with companies of all sizes.

CyberSeek lists the following entry-mid-and advanced-level roles available in the field. Average salaries are based on job openings posted between May 2021 and April 2022.

Entry-level Cyber Security Roles

  • Cyber Crime Analyst: Cyber crime analysts make an average salary of $100,000, and common skills necessary for the role include computer forensics, information security and malware engineering.
  • Cyber Security Specialist: Cyber security specialists make an average salary of $104,482, and important skills for the role include information security, network security and information assurance.
  • Incident and Intrusion Analyst: Incident analysts make an average salary of $88,226, and common skills needed include project management, network security and intrusion detection.
  • IT Auditor: Information technology auditors make an average salary of $110,000, and common skills for the role include internal auditing and audit planning, accounting and risk assessment.

Mid-level Cyber Security Roles

  • Cyber Security Analyst: Cybersecurity analysts make an average of $107,500, and the top skills required include information security and systems, network security and threat analysis.
  • Cyber Security Consultant: Consultants in cyber security make an average salary of $92,504 and need skills in information security and surveillance, asset protection and security operations.
  • Penetration and Vulnerability Tester: Penetration testers make an average salary of $101,091 and need skills in penetration testing, Java, vulnerability assessment and software development.

Advanced-level Cyber Security Roles

  • Cyber Security Architect: Cyber security architects make an average salary of $159,752, and top skills for the role include software development, network and information security and authentication.
  • Cyber Security Engineer: Cyber security engineers make an average of $117,510 a year and need cryptography, authentication and network security skills.
  • Cyber Security Manager:  Managers in this field earn an average salary of $130,000, and top skills include project management, network security and risk management.

What Does a Cyber Security Professional Do?

Infographic with the text Types of Cyber Security: Application security, cloud security, infastructure security, internet of things (IOT) security, network securityKamyck said cyber security professionals could play a wide range of roles in a modern company. For example, some small businesses may hire a single person to handle all kinds of work protecting data. Others contract with consultants who can offer a variety of targeted services. Meanwhile, larger firms may have whole departments dedicated to protecting information and chasing down threats.

While companies define roles related to information security in a variety of ways, Kamyck said there are some specific tasks that these employees are commonly called on to do. In many cases, they must analyze threats and gather information from a company’s servers, cloud services and employee computers and mobile devices.

“An analyst’s job is to find meaning in all of that data, see what’s concerning,” he said. “Is there a breach? Is someone violating a policy?”

In many cases, Kamyck said, security specialists work with other information technology professionals to ensure a company’s systems are secure. That involves not just technical know-how but also people-oriented skills.

But breaches don’t just take the form of someone hacking into a server. They can also involve customer lists sent through unencrypted email, a password written on a sticky note in a cubicle or a company laptop stolen from an employee’s car.

Depending on their specific role, cyber security professionals must also think strategically. In many industries, companies rely on employees having quick access to highly sensitive data, such as medical records or bank account information.

“The goal is to balance the needs of the company or the organization you’re working for with the need to protect the confidentiality of customer data and trade secrets,” Kamyck said.

Kamyck said people who do well in these jobs tend to be curious, competitive and willing to keep learning to stay up to date with rapidly changing technology. The work draws on multidisciplinary knowledge, and people who continue with the work find there are a variety of directions they can take in their careers.

For example, Kamyck said, if you're interested in the business side, you might become a manager or run audits that let companies know where they need to Excellerate to meet compliance. If you love the adversarial part of the job, you might become a penetration tester, essentially an “ethical hacker” who tests for system vulnerabilities by trying to get through them.

How To Get Into Cyber Security

If you’re wondering how to get into cyber security, it’s clear there are many positions out there. The question is how to make sure you’re a good fit for them. According to BLS, most information security analyst jobs require at least a bachelor’s degree in computer science, information assurance, programming or another related field.

In some cases, the work calls for a Master of Business Administration (MBA) in Information Systems. That degree typically takes an additional two years of study and involves both technical and business management courses.

Cyber security job requirements also sometimes include related work experience. Rather than jumping right into the security side of information technology, you can start as a network or computer systems administrator. Depending on the specific cyber security position, employers may have other job requirements. For instance, keeping databases secure might be an ideal job for someone who’s spent time as a database administrator and is also well-versed in security issues.

Aside from work experience and college degrees, some employers also prefer job candidates who have received certifications demonstrating their understanding of best practices in the field. For example, the Certified Information Systems Security Professional (CISSP) credential validates a professional’s general knowledge and abilities in information security. There are also more specific certificates, which can highlight specialized knowledge of computer architecture, engineering or management.

Whatever path new employees in cyber security want to follow, Kamyck said, those who are willing to make an effort to learn the field will find abundant opportunities.

“There’s needs in government. There’s needs in finance. There’s needs in education,” Kamyck said. “There’s a tremendous unfilled need.”

Discover more about SNHU's online cyber security degree: Find out what courses you'll take, skills you'll learn and how to request information about the program.

Nicholas Patterson is a writer at Southern New Hampshire University. Connect with him on LinkedIn.

Wed, 20 Jul 2022 12:00:00 -0500 en text/html https://www.snhu.edu/about-us/newsroom/stem/what-is-cyber-security
Killexams : IT Security Consulting Services Market May See a Big Move | Major Giants IBM, Accenture, Deloitte

IT Security Consulting Services Market – Global Trends, Insights to 2028 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the IT Security Consulting Services Market. Some of the key players profiled in the study are Accenture, Deloitte, E&Y, EMc, HP, IBM, KPMG, PwC, Above Security, Accuvant, AON, AppSec Consulting, AsTech Consulting, Booz Allen Hamilton, Carve Systems, CenturyLink Technologies Solutions, Cigital, Core securities, CSC, Dell, Denim Group, FishNet Security, GuardSite, HCL, Health Security Solutions, IOActive & KLC Consulting.

Get free access to trial report @ https://www.htfmarketreport.com/sample-report/4108656-it-security-consulting-services-market-1

IT Security Consulting Services Market Overview:

The study provides comprehensive outlook vital to keep market knowledge up to date segmented by Commercial, Industrial, Military and Denfense, , Internet Security, Endpoint Security, Wireless Security & Cloud Security and 18+ countries across the globe along with insights on emerging & major players. If you want to analyse different companies involved in the IT Security Consulting Services industry according to your targeted objective or geography we offer customization according to requirements.

IT Security Consulting Services Market: Demand Analysis & Opportunity Outlook 2026

IT Security Consulting Services research study defines market size of various segments & countries by historical years and forecast the values for next 6 years. The report is assembled to comprise qualitative and quantitative elements of IT Security Consulting Services industry including: market share, market size (value and volume 2017-2021, and forecast to 2027) that admires each country concerned in the competitive marketplace. Further, the study also caters and provides in-depth statistics about the crucial elements of IT Security Consulting Services which includes drivers & restraining factors that helps estimate future growth outlook of the market.

The segments and sub-section of IT Security Consulting Services market is shown below:

The Study is segmented by following Product/Service Type: , Internet Security, Endpoint Security, Wireless Security & Cloud Security

Major applications/end-users industry are as follows: Commercial, Industrial, Military and Denfense

Some of the key players involved in the Market are: Accenture, Deloitte, E&Y, EMc, HP, IBM, KPMG, PwC, Above Security, Accuvant, AON, AppSec Consulting, AsTech Consulting, Booz Allen Hamilton, Carve Systems, CenturyLink Technologies Solutions, Cigital, Core securities, CSC, Dell, Denim Group, FishNet Security, GuardSite, HCL, Health Security Solutions, IOActive & KLC Consulting

Enquire for customization in Report @ https://www.htfmarketreport.com/enquiry-before-buy/4108656-it-security-consulting-services-market-1

Important years considered in the IT Security Consulting Services study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2027 [** unless otherwise stated]

If opting for the Global version of IT Security Consulting Services Market; then below country analysis would be included:
• North America (USA, Canada and Mexico)
• Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
• Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
• South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

Buy IT Security Consulting Services research report @ https://www.htfmarketreport.com/buy-now?format=1&report=4108656

Key Questions Answered with this Study
1) What makes IT Security Consulting Services Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in IT Security Consulting Services market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of IT Security Consulting Services in next few years?
8) What is the impact analysis of various factors in the IT Security Consulting Services market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in IT Security Consulting Services Market?

Browse Executive Summary and Complete Table of Content @ https://www.htfmarketreport.com/reports/4108656-it-security-consulting-services-market-1

There are 15 Chapters to display the IT Security Consulting Services Market
Chapter 1, Overview to describe Definition, Specifications and Classification of IT Security Consulting Services market, Applications [Commercial, Industrial, Military and Denfense], Market Segment by Types , Internet Security, Endpoint Security, Wireless Security & Cloud Security;
Chapter 2, objective of the study.
Chapter 3, Research methodology, measures, assumptions and analytical tools
Chapter 4 and 5, IT Security Consulting Services Market Trend Analysis, Drivers, Challenges by consumer behaviour, Marketing Channels, Value Chain Analysis
Chapter 6 and 7, to show the IT Security Consulting Services Market Analysis, segmentation analysis, characteristics;
Chapter 8 and 9, to show Five forces (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 10 and 11, to show analysis by regional segmentation [North America, Europe, Asia-Pacific etc], comparison, leading countries and opportunities; Customer Behaviour
Chapter 12, to identify major decision framework accumulated through Industry experts and strategic decision makers;
Chapter 13 and 14, about competition landscape (classification and Market Ranking)
Chapter 15, deals with IT Security Consulting Services Market sales channel, research findings and conclusion, appendix and data source.

Thanks for showing interest in IT Security Consulting Services Industry Research Publication; you can also get individual chapter wise section or region wise report version like North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc

About Author:
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Tue, 02 Aug 2022 02:34:00 -0500 Newsmantraa en-US text/html https://www.digitaljournal.com/pr/it-security-consulting-services-market-may-see-a-big-move-major-giants-ibm-accenture-deloitte-2
Killexams : High cost of 5G devices affecting launch in Nigeria —IBM

As Nigeria prepares for its 5G rollout in August, Temitayo Jaiyeola speaks to Vice President, Global Telecommunications Industry, IBM, Craig Wilson, on the possibilities, challenges, and affordability of this new technology, and how Nigerians will benefit from it

A lot has been said about the potential of 5G. With your experience in the industry, how will 5G transform Nigeria’s digital economy?

The immediate opportunity for 5G in Nigeria’s digital economy is to use Fixed Wireless Access to bridge the gap in enhanced broadband connectivity for homes and enterprises, both large and small. Key sectors in the region that could benefit include manufacturing, agriculture, financial services and oil and gas industries. An important benefit of 5G is that it enables open ecosystems to thrive. Open, cloud-native architectures and operating models will allow Nigeria to develop a vibrant local ecosystem that can help drive innovation and economic development. 5G growth in the region is expected to develop rapidly in the second half of the decade and continue into the 2030s. The economic impact of mid-band 5G will be around 0.4 per cent of GDP in 2030 in Sub-Saharan Africa.

Since 4G rolled out, penetration has peaked at around 40 percent in the nation. Will the uptake of 5G perform better than this? How can operators roll out this network in an effective way?

GSMA Intelligence believes 4G will remain dominant, with 5G connections making up only 3% of total mobile connections in Africa by 2025.

The roll-out of 5G will be carried out in phases, beginning in urban areas with a need for high-quality broadband, and Nigeria expects to have 5G coverage of major cities by 2025, according to Nigeria Minister of Communications and Digital Economy Isa Pantami. The International Telecommunication Union said regional governments must streamline regulatory conditions to facilitate 5G deployment, providing regulatory flexibility for innovative 5G propositions and addressing the consumer barriers to adoption – both of which will contribute to effective rollout.

Nigeria has a big Internet access gap, is 5G primed to bridge this gap? For 5g to have an impact on the  continent, how much investment is from a continental perspective?

A sweeping majority of Nigerians – 88 per cent – lack access to smartphones with 4G-like speeds for Internet connection and the capacity to use the Internet on a daily basis, according to the Alliance for Affordable Internet. Based on the access and backhaul infrastructure available in the country, a model for the deployment of 5G services in urban, suburban and rural environments must be developed. Today, 4G network services are only available in urban areas, so a continued investment toward rural areas is essential. A phased 5G network rollout, starting from operational fibre optic and microwave node locations, is recommended for an impactful transition. Today, Ethiopia, Botswana, Egypt, Gabon, Kenya, Lesotho, Madagascar, Mauritius, Nigeria, Senegal, Seychelles, South Africa, Uganda, and Zimbabwe are all testing or deploying 5G. Nigeria issued spectrum licenses in March, and is hoping to possess the widest 5G network in the continent this year. The Nigerian Communications Commission has indicated that it is targeting August 2022 for commercial deployment.

How will 5G accelerate the fourth industrial revolution on the continent and in Nigeria?

The most impactful benefit of 5G is by creating an underlying platform that enables existing technologies to be deployed in new and better ways, for example IoT. While the claims that 5G will usher in the fourth industrial revolution are bold, they are indeed possible. Opportunities in agriculture and healthcare are key verticals where 5G will enable significant transformation in both operating cost models and in the ability to introduce exciting new innovations that were not previously possible.

With 5G, seamless online actions are set to create more data traffic from the continent. What are some of the security challenges this might pose?

The move to 5G networks and distributed architectures introduces a few cybersecurity challenges to be addressed, including: Expanded threat surface across a hybrid cloud network, with a vast number of distributed end points that need to be secured; complexity and scale heightening the need for AI and automation to be infused across the security landscape; a shortage of cybersecurity skills and personnel. The best way to safeguard against these inherent challenges is for 5G Operators to “design in” security across every part of their organisation, with modern DevSecOps methods and CI/CD processes.

 Faster Internet will create a better backbone for Over The Top services such as WhatsApp calls, chats, and more, threatening traditional revenue streams of telcos. What can telcos do to create new revenue streams?

Telcos must use the move to 5G and cloud native technologies to regain control of their business and their architectures. A study last year by the IBM Institute of Business Value found that a majority of high performing telecom operators expect to continue to outperform the industry by adopting secure, open hybrid cloud architectures and ecosystems to capture “platform control points” consistent with digital businesses.

There have been questions raised on the affordability of 5G. Is this a legitimate concern?

The cost of a 5G device currently runs around  $350 USD, making them unafforadble for many. However, some device manufacturers have commited to bringing costs down to around $150 USD. Still, many industry analysts believe that 5G devices need to be at about $50 USD to support mass adoption across Africa. The high cost of 5G phones is a major impediment, and it impacts the launch the fifth generation network on a commercial scale when there are not enough mobile devices capable of receiving it. We can see the effects on 5G rollout when we compare Africa to other continents. Globally, the rollout of 5G has been in process since 2019. Yet deployment across Africa has been much slower, with only 6 African countries having launched the network.

 COVID has made digital the new normal on the continent, how prepared is Africa, and Nigeria? And what are the key lessons if the continent is to leverage this new normal?

While Africa has been hit hard by the COVID pandemic, workers and enterprises have responded to the challenges with great resilience and adaptability. However, the pandemic fundamentally altered where and how people work, upending many long-standing norms and practices. One of the most prevalent changes to training and collaboration has been the growth of digital training courses, which have been adopted by more than half of enterprises. The three key takeaways to leverage this new normal are: The first is the deregulation to accelerate the growth of large firms. The growth of large firms increases a country’s resilient economic transformation. With more assets, they are inherently more resilient and are better equipped to endure economic storms. Policymakers should prioritize policies for facilitating the entrance and growth of such firms, through domestic deregulation and encouraging foreign direct investment.  The second one is agricultural productivity-led growth and the development of the agro-food system. A second strategy leading to increased resilience and transformation is to Excellerate agricultural productivity-led growth and the development of the agro-food system. The third is the support for smaller businesses. Globally, small businesses have been hit the hardest by the pandemic. Those businesses that are best able to adapt to digital ways of working (including remote work) and that are more insulated from global supply chain constraints are in a better position to rebound. Additionally, the ability to Excellerate productivity or reduce cost through cloud based “as a Service” consumption of compute and connectivity has benefitted many sectors of the economy – both large and small.

What are some of the efforts IBM is making to Excellerate the telecommunication industry on the continent?

There are a few significant efforts IBM is making in Africa to support telecom development, including Digital4Agriculture Initiative. IBM’s Digital4Agriculture Initiative (D4Ag) aims to foster African start-ups in the agricultural sector and strengthen the long-term living conditions of local small farmers by increasing productivity and quality. With the help of digital expertise from IBM Services and access to accurate weather data provided by IBM’s The Weather Company, D4Ag is helping over 36 African agricultural companies better prepare for the digital future. Another one is satellite towers. IBM is working with a global business partner to introduce AI based solutons to reduce cell tower energy costs and Excellerate sustainability. We are working with a large regional telecom operator to pilot this solution in Africa. The other one is micro-lending via Blockchain. In many emerging markets, food retailers along with smallholder farmers, struggle to secure loans and develop a credit history. And without the proper financing, scaling a business is nearly impossible. To tackle this, IBM has rolled out a pilot withh Kenya-based food logistics startup, Twiga Foods, to facilitate micro-lending options for food vendors using blockchain.

Increasing data traffic is inspiring a rise in the number of data centres in Nigeria and Africa. What level of new growth is expected in the data centre sector? Is Africa primed for fullscale local cloud hosting capabilities?

Technologies such as the cloud, big data, and IoT generate more data through high-end applications and need more efficient systems for data processing. These technologies are growing the demand for advanced IT infrastructure in the African data center market. Enterprises prefer servers that can reduce space in the data center environment without affecting performance. The competition between branded and ODM server suppliers will continue because multiple enterprises opt for server infrastructure based on open community designs (OCP). The increasing demand for server shipments will continue to grow moderately as enterprises move to the cloud or colocation platforms for their IT infrastructure operations. The data centre market in Africa has attracted significant investments in recent years, led by Nigeria, South Africa, Kenya, Egypt and Ethiopia. Global cloud service providers, including IBM, are expanding their presence with new cloud regions. In fact, more than nine data centres in Africa have added as much as 30,000 square feet or more of additional space each in 2021. Several local governments are supporting these initiatives by developing special economic zones, and industrial parks, which provide tax exemptions for data center development.

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Killexams : 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 obtain 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

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SOURCE IBM

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