Database professionals are in high demand. If you already work as one, you probably know this. And if you are looking to become a database administrator, that high demand and the commensurate salary may be what is motivating you to make this career move.
How can you advance your career as a database administrator? By taking the courses on this list.
If you want to learn more about database administration to expand your knowledge and move up the ladder in this field, these courses can help you achieve that goal.
Oracle DBA 11g/12c – Database Administration for Junior DBA from Udemy
Udemy’s Oracle DBA 11g/12c – Database Administration for Junior DBA course can help you get a high-paying position as an Oracle Database Administrator.
Best of all, it can do it in just six weeks.
This database administrator course is a Udemy bestseller that is offered in eight languages. Over 29,000 students have taken it, giving it a 4.3-star rating. Once you complete it and become an Oracle DBA, you will be able to:
- Install the Oracle database.
- Manage Tablespace.
- Understand database architecture.
- Administer user accounts.
- Perform backup and recovery.
- Diagnose problems.
To take the intermediate-level course that includes 11 hours of on-demand video spanning 129 lectures, you should have basic knowledge of UNIX/LINUX commands and SQL.
70-462: SQL Server Database Administration (DBA)
The 70-462: SQL Server Database Administration (DBA) course from Udemy was initially designed to help beginner students ace the Microsoft 70-462 exam. Although that exam has been officially withdrawn, you can still use this course to gain some practical experience with database administration in SQL Server.
Many employers seek SQL Server experience since it is one of the top database tools. Take the 70-462: SQL Server Database Administration (DBA) course, and you can gain valuable knowledge on the Topic and provide your resume a nice boost.
Some of the skills you will learn in the 70-462 course include:
- Managing login and server roles.
- Managing and configuring databases.
- Importing and exporting data.
- Planning and installing SQL Server and related services.
- Implementing migration strategies.
- Managing SQL Server Agent.
- Collecting and analyzing troubleshooting data.
- Implementing and maintaining indexes.
- Creating backups.
- Restoring databases.
DBA knowledge is not needed to take the 10-hour course that spans 100 lectures, and you will not need to have SQL Server already installed on your computer. In terms of popularity, this is a Udemy bestseller with a 4.6-star rating and over 20,000 students.
MySQL Database Administration: Beginner SQL Database Design from Udemy
Nearly 10,000 students have taken the MySQL Database Administration: Beginner SQL Database Design course on Udemy, making it a bestseller on the platform with a 4.6-star rating.
The course features 71 lectures that total seven hours in length and was created for those looking to gain practical, real-world business intelligence and analytics skills to eventually create and maintain databases.
What can you learn from taking the Beginner SQL Database Design course? Skills such as:
- Connecting data between tables.
- Assigning user roles and permissions.
- Altering tables by removing and adding columns.
- Writing SQL queries.
- Creating databases and tables with the MySQL Workbench UI.
- Understanding common Relational Database Management Systems.
The requirements for taking this course are minimal. It can help to have a basic understanding of database fundamentals, and you will need to install MySQL Workbench and Community Server on your Mac or PC.
Database Administration Super Bundle from TechRepublic Academy
If you want to immerse yourself into the world of database administration and get a ton of bang for your buck, TechRepublic Academy’s Database Administration Super Bundle may be right up your alley.
It gives you nine courses and over 400 lessons equaling over 86 hours that can put you on the fast track to building databases and analyzing data like a pro. A sampling of the courses offered in this bundle include:
- NoSQL MongoDB Developer
- Introduction to MySQL
- Visual Analytics Using Tableau
- SSIS SQL Server Integration Services
- Microsoft SQL Novice To Ninja
- Regression Modeling With Minitab
Ultimate SQL Bootcamp from TechRepublic Academy
Here is another bundle for database administrators from TechRepublic Academy. With the Ultimate SQL Bootcamp, you get nine courses and 548 lessons to help you learn how to:
- Write SQL queries.
- Conduct data analysis.
- Master SQL database creation.
- Use MySQL and SQLite
- Install WAMP and MySQL and use both tools to create a database.
Complete Oracle Master Class Bundle from TechRepublic Academy
The Complete Oracle Master Class Bundle from TechRepublic Academy features 181 hours of content and 17 courses to help you build a six-figure career. This intermediate course includes certification and will provide you hands-on and practical training with Oracle database systems.
Some of the skills you will learn include:
- Understanding common technologies like the Oracle database, software testing, and Java.
- DS and algorithms.
- RDBMS concepts.
- Troubleshooting.
- Performance optimization.
Learn SQL Basics for Data Science Specialization from Coursera
Coursera’s Learn SQL Basics for Data Science Specialization course has nearly 7,000 reviews, giving it a 4.5-star rating. Offered by UC Davis, this specialization is geared towards beginners who lack coding experience that want to become fluent in SQL queries.
The specialization takes four months to complete at a five-hour weekly pace, and it is broken down into four courses:
- SQL for Data Science
- Data Wrangling, Analysis, and AB Testing with SQL
- Distributed Computing with Spark SQL
- SQL for Data Science Capstone Project
Skills you can gain include:
- Data analysis
- Distributed computing using Apache Spark
- Delta Lake
- SQL
- Data science
- SQLite
- A/B testing
- Query string
- Predictive analytics
- Presentation skills
- Creating metrics
- Exploratory data analysis
Once finished, you will be able to analyze and explore data with SQL, write queries, conduct feature engineering, use SQL with unstructured data sets, and more.
Relational Database Administration (DBA) from Coursera
IBM offers the Relational Database Administration (DBA) course on Coursera with a 4.5-star rating. Complete the beginner course that takes approximately 19 hours to finish, and it can count towards your learning in the IBM Data Warehouse Engineer Professional Certificate and IBM Data Engineering Professional Certificate programs.
Some of the skills you will learn in this DBA course include:
- Troubleshooting database login, configuration, and connectivity issues.
- Configuring databases.
- Building system objects like tables.
- Basic database management.
- Managing user roles and permissions.
- Optimizing database performance.
Oracle Autonomous Database Administration from Coursera
Offered by Oracle, the Autonomous Database Administration course from Coursera has a 4.5-star rating and takes 13 hours to complete. It is meant to help DBAs deploy and administer Autonomous databases. Finish it, and you will prepare yourself for the Oracle Autonomous Database Cloud Certification.
Some of the skills and knowledge you can learn from this course include:
- Oracle Autonomous Database architecture.
- Oracle Machine Learning.
- SQL Developer Web.
- APEX.
- Oracle Text
- Autonomous JSON.
- Creating, deploying, planning, maintaining, monitoring, and implementing an Autonomous database.
- Migration options and considerations.
Looking for more database administration and database programming courses? Check out our tutorial: Best Online Courses to Learn MySQL.
Disclaimer: We may be compensated by vendors who appear on this page through methods such as affiliate links or sponsored partnerships. This may influence how and where their products appear on our site, but vendors cannot pay to influence the content of our reviews. For more info, visit our Terms of Use page.
New Jersey, N.J., July 17, 2022 The Cloud Computing in Education Sector Market research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Cloud Computing in Education Sector market research report tracks all the latest developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.
Cloud computing in education helps students, teachers, and administrators. Cloud computing allows students to access assignments anywhere there is an Internet connection, teachers to instantly obtain learning materials, and administrators to easily collaborate with each other and save money on data storage. The growing need for a centralized system for managing academic processes and the competition among academic institutions are the major market drivers. Additionally, growing competition among academic institutions is driving the growth of the market.
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Competitive landscape:
This Cloud Computing in Education Sector research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.
Some of the Top companies Influencing this Market include:Amazon Web Services, Microsoft Azure, IBM, Aliyun, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, Dell EMC, Adobe Systems, Verizon Cloud, NetApp, Baidu Yun, Tencent Cloud, Blackboard
Market Scenario:
Firstly, this Cloud Computing in Education Sector research report introduces the market by providing an overview which includes definition, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Cloud Computing in Education Sector report.
Regional Coverage:
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
- North America
- South America
- Asia and Pacific region
- Middle East and Africa
- Europe
Segmentation Analysis of the market
The market is segmented on the basis of the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
Infrastructure as a Service (IaaS)
Platform as a Service (PaaS)
Software as a Service (SaaS)
Market Segmentation: By Application
K-12 Schools
Higher Education
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An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Cloud Computing in Education Sector market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
This report aims to provide:
- A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2022 to 2029.
- The analysis tools such as SWOT analysis, and Porter’s five force analysis are utilized which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.
- The in-depth analysis of the market segmentation helps to identify the prevailing market opportunities.
- In the end, this Cloud Computing in Education Sector report helps to save you time and money by delivering unbiased information under one roof.
Table of Contents
Global Cloud Computing in Education Sector Market Research Report 2022 – 2029
Chapter 1 Cloud Computing in Education Sector Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Cloud Computing in Education Sector Market Forecast
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Autism is known as a spectrum disorder because every autistic person is different, with unique strengths and challenges.
Varney says many autistic people experienced education as a system that focused on these challenges, which can include social difficulties and anxiety.
Many autistic children found education focused on their deficits rather than their strengths.Credit:Rodger Cummins
He is pleased this is changing, with latest reforms embracing autistic students’ strengths.
But the unemployment rate of autistic people remains disturbingly high. ABS data from 2018 shows 34.1 per cent of autistic people are unemployed – three times higher than that of people with any type of disability and almost eight times that of those without a disability.
“A lot of the time people hear that someone’s autistic and they assume incompetence,” says Varney, who was this week appointed the chair of the Victorian Disability Advisory Council.
“But we have unique strengths, specifically hyper focus, great creativity, and we can think outside the box, which is a great asset in workplaces.”
In Israel, the defence force has a specialist intelligence unit made up exclusively of autistic soldiers, whose skills are deployed in analysing, interpreting and understanding satellite images and maps.
Locally, organisations that actively recruit autistic talent include software giant SAP, Westpac, IBM, ANZ, the Australian Tax Office, Telstra, NAB and PricewaterhouseCoopers.
Chris Pedron is a junior data analyst at Australian Spatial Analytics, a social enterprise that says on its website “neurodiversity is our advantage – our team is simply faster and more precise at data processing”.
He was hired after an informal chat. (Australian Spatial Analytics also often provides interview questions 48 hours in advance.)
Pedron says the traditional recruitment process can work against autistic people because there are a lot of unwritten social cues, such as body language, which he doesn’t always pick up on.
Australian Spatial Analytics founder Geoff Smith (right) with data analyst Chris Pedron.Credit:Glenn Hunt
“If I’m going in and I’m acting a bit physically standoffish, I’ve got my arms crossed or something, it’s not that I’m not wanting to be there, it’s just that new social interaction is something that causes anxiety.”
Pedron also finds eye contact uncomfortable and has had to train himself over the years to concentrate on a point on someone’s face.
Australian Spatial Analytics addresses a skills shortage by delivering a range of data services that were traditionally outsourced offshore.
Projects include digital farm maps for the grazing industry, technical documentation for large infrastructure and map creation for land administration.
Pedron has always found it easy to map things out in his head. “A lot of the work done here at ASA is geospatial so having autistic people with a very visual mindset is very much an advantage for this particular job.”
Pedron listens to music on headphones in the office, which helps him concentrate, and stops him from being distracted. He says the simpler and clearer the instructions, the easier it is for him to understand. “The less I have to read between the lines to understand what is required of me the better.”
Australian Spatial Analytics is one of three jobs-focused social enterprises launched by Queensland charity White Box Enterprises.
It has grown from three to 80 employees in 18 months and – thanks to philanthropist Naomi Milgrom, who has provided office space in Cremorne – has this year expanded to Melbourne, enabling Australian Spatial Analytics to create 50 roles for Victorians by the end of the year.
Chief executive Geoff Smith hopes they are at the front of a wave of employers recognising that hiring autistic people can make good business sense.
In 2017, IBM launched a campaign to hire more neurodiverse people.Credit:AP
“Rather than focus on the deficits of the person, focus on the strengths. A quarter of National Disability Insurance Scheme plans name autism as the primary disability, so society has no choice – there’s going to be such a huge number of people who are young and looking for jobs who are autistic. There is a skills shortage as it is, so you need to look at neurodiverse talent.”
In 2017, IBM launched a campaign to hire more neurodiverse (a term that covers a range of conditions including autism, Attention Deficit Hyperactivity Disorder, or ADHD, and dyslexia) candidates.
The initiative was in part inspired by software and data quality engineering services firm Ultranauts, who boasted at an event “they ate IBM’s lunch at testing by using an all-autistic staff”.
The following year Belinda Sheehan, a senior managing consultant at IBM, was tasked with rolling out a pilot at its client innovation centre in Ballarat.
“IBM is very big on inclusivity,” says Sheehan. “And if we don’t have diversity of thought, we won’t have innovation. So those two things go hand in hand.”
Eight things workplaces can do for autistic employees
- Recruit differently. Send applicants interview questions in advance or use work trials and practical assessments
- Offer flexible hours
- Provide noise cancelling headphones and quiet spaces
- Give clear and direct instructions and feedback
- Have mentors or a buddy system
- Don’t make assumptions about autistic people
- Provide managers with autism training
- Partner with autism employment experts
Sheehan worked with Specialisterne Australia, a social enterprise that assists businesses in recruiting and supporting autistic people, to find talent using a non-traditional recruitment process that included a week-long task.
Candidates were asked to work together to find a way for a record shop to connect with customers when the bricks and mortar store was closed due to COVID.
Ten employees were eventually selected. They started in July 2019 and work in roles across IBM, including data analysis, testing, user experience design, data engineering, automation, blockchain and software development. Another eight employees were hired in July 2021.
Sheehan says clients have been delighted with their ideas. “The UX [user experience] designer, for example, comes in with such a different lens. Particularly as we go to artificial intelligence, you need those different thinkers.”
One client said if they had to describe the most valuable contribution to the project in two words it would be “ludicrous speed”. Another said: “automation genius.”
IBM has sought to make the office more inclusive by creating calming, low sensory spaces.
It has formed a business resource group for neurodiverse employees and their allies, with four squads focusing on recruitment, awareness, career advancement and policies and procedures.
And it has hired a neurodiversity coach to work with individuals and managers.
Sheehan says that challenges have included some employees getting frustrated because they did not have enough work.
“These individuals want to come to work and get the work done – they are not going off for a coffee and chatting.”
Increased productivity is a good problem to have, Sheehan says, but as a manager, she needs to come up with ways they can enhance their skills in their downtime.
There have also been difficulties around different communication styles, with staff finding some autistic employees a bit blunt.
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Sheehan encourages all staff to do a neurodiversity 101 training course run by IBM.
“Something may be perceived as rude, but we have to turn that into a positive. It’s good to have someone who is direct, at least we all know what that person is thinking.”
Chris Varney is delighted to see neurodiversity programs in some industries but points out that every autistic person has different interests and abilities.
Some are non-verbal, for example, and not all have the stereotypical autism skills that make them excel at data analysis.
“We’ve seen a big recognition that autistic people are an asset to banks and IT firms, but there’s a lot more work to be done,” Varney says.
“We need to see jobs for a diverse range of autistic people.”
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The latest study released on the Global Learning Management System Market by AMA Research evaluates market size, trend, and forecast to 2027. The Learning Management System market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Cornerstone Ondemand, Inc. (United States), Xerox Corporation (United States), IBM Corporation (United States), Net dimensions Ltd. (United States), SAP Se (Germany), Blackboard, Inc. (United States), Saba Software, Inc. (United States), Mcgraw-Hill Companies (United States), Pearson Plc (United Kingdom), D2L Corporation (Canada),
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Definition:
Learning management system basically a software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, and many others. The learning management system highly emerges from e-Learning.
Market Trends:
Increasing Competition Among Market Players
High Adoption of Cloud-Based Solutions
Market Drivers:
Growing Awareness Towards the Adoption of Digital Learning
Rapid Inclination to BYOD Policy and Enterprise Mobility
Widespread of Government Initiatives for Growth Of LMS
Growing Implication Of E-Learning in Corporates
Market Opportunities:
Growing Demand for Gamification in LMS Delivers Strong Opportunities for LMS Providers
High Surge in Demand for Collaborative Learning in LMS to Provide High Potentials for Trainees
The Global Learning Management System Market segments and Market Data Break Down are illuminated below:
by Type (Academic, Corporate), Industry Verticals (Banking, Financial Services, and Insurance, Healthcare, Retail, Government, Manufacturing, Others), Delivery Mode (Distance Learning, Instructor-Led Training), Organizations Size (Small and Medium Size Enterprises, Large Size Enterprises), Offerings (Solution, Services)
Global Learning Management System market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Learning Management System market by value and volume.
- -To estimate the market shares of major segments of the Learning Management System
- -To showcase the development of the Learning Management System market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Learning Management System market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Learning Management System
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Learning Management System market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Learning Management System Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Learning Management System market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Learning Management System Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Learning Management System Market Production by Region Learning Management System Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Learning Management System Market Report:
- Learning Management System Overview, Definition and Classification Market drivers and barriers
- Learning Management System Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Learning Management System Market
- Learning Management System Capacity, Production, Revenue (Value) by Region (2021-2027)
- Learning Management System Supply (Production), Consumption, Export, Import by Region (2021-2027)
- Learning Management System Production, Revenue (Value), Price Trend by Type {Academic, Corporate,}
- Learning Management System Manufacturers Profiles/Analysis Learning Management System Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Learning Management System market for long-term investment?
- What are influencing factors driving the demand for Learning Management System near future?
- What is the impact analysis of various factors in the Global Learning Management System market growth?
- What are the latest trends in the regional market and how successful they are?
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According to the Ponemon Institute and IBM’s Cost of a Data Breach Report 2021, the average total cost of a data breach increased from $3.86 million to $4.24 million in 2021. The report indicates a 10% year-over-year increase in the average total cost of a breach. Personally identifiable information (PII) breaches now have a cost of $161 per record for organizations. The average number of days it takes to identify a breach increased from 287 days to 316 days as the pandemic forced many into remote workforce situations. If peace of mind is what you seek, these numbers are headed in the wrong direction.
If businesses, including law firms, could identify and contain a breach within 200 days rather than the aforementioned 316 days, they could save up to 30% on costs associated with the breach. However, just when you think you have security under control, another threat emerges, forcing you to change course. Being in a state of constant vigilance is not easy, but legal IT professionals need to approach security as a daily 24/7 battle they must continuously fight. This is the only way to avoid becoming the next cybersecurity cautionary tale.
For the twelfth year in a row, healthcare saw the costliest breaches among all industries with the average cost reaching $10.1 million per breach.
CAMBRIDGE, Mass. — IBM (NYSE: IBM) Security released the annual Cost of a Data Breach Report, 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.
To obtain a copy of the 2022 Cost of a Data Breach Report, visit https://www.ibm.com/security/data-breach.
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
