SUNNYVALE, Calif. and FISHKILL, N.Y., May 20, 2002 - Artisan Components, Inc. (Nasdaq:ARTI) and IBM today announced an agreement that pairs Artisan's chip design platforms with IBM's advanced chip-manufacturing capabilities.

Under the terms of the agreement, Artisan has committed to deliver multiple generations of the company's comprehensive offering of memory generators, standard cells and I/O library products matched to IBM's process technologies. Artisan's design platforms, in use by over 900 companies worldwide, combined with IBM's leading manufacturing technologies can provide IC designers with proven solutions that meet today's complex chip design and volume production requirements.

A phased introduction of Artisan products is planned to support a range of IBM technologies, including 0.25-, 0.18-, 0.13-micron and 90-nanometer, with variations in materials and performance. IBM expects customer production of Artisan-based designs later this year at its Burlington, Vermont manufacturing facility.

"We are very pleased to be working with IBM to optimize Artisan's design platforms for IBM's latest technologies," said Mark Templeton, president and CEO of Artisan Components. "We believe IBM's leading process and high-volume manufacturing capabilities, combined with Artisan's widely used products, position both companies for continued success in the system-on-a-chip market."

IBM's relationship with Artisan is part of a strategy to make IBM technology and design expertise available through high-volume chip manufacturing services. IBM has become recognized as a provider of cutting-edge chip technologies, with innovations such as copper wiring, silicon-on-insulator (SOI) transistors and embedded DRAM memory.

"Customers are recognizing that our technology can do much more for their products than what traditional foundries are able to provide," said Mike Concannon, vice president of contract manufacturing services for the IBM Microelectronics Division. "We're working with Artisan to make it easier for customers to do business with IBM."

Chip designers are looking to advanced technologies to provide their products with a competitive advantage. However as circuits get smaller and new materials are introduced, integrated circuit (IC) design has become more challenging. Today's designers require advanced design platforms such as those from Artisan that are optimized for the latest advances in manufacturing and design techniques.

Safe Harbor Statement
This press release contains forward-looking statements, including, without limitation, the production of Artisan-based designs at IBM later this year and Artisan's commitment to deliver to IBM multiple generations of its library products. These statements are subject to various risks and uncertainties, including, but not limited to, whether there will be technical or other difficulties that delay or prevent the availability of the Artisan products described above; and market acceptance of the Artisan products described above. We refer you also to the documents that Artisan files from time to time with the Securities and Exchange Commission, in particular the section entitled "Factors Affecting Future Operating Results" in Artisan's annual report on Form 10-K and its quarterly reports on Forms 10-Q.

About Artisan Components
Artisan Components, Inc. is a leading semiconductor intellectual property (IP) provider. The company's design platforms are in use by design teams at over 900 companies worldwide. Artisan's design platforms provide IC designers with a common interface to a range of process technologies from the world's leading foundries. Built on Artisan's Process-Perfect(TM) memory generators, standard cell and I/O libraries, Artisan's design platforms include a comprehensive set of views and models supporting leading design tools and methodologies. Artisan's worldwide network of EDA, IP and design service partners extend the Artisan standard to a complete set of system level design and integration solutions. Artisan is headquartered in Sunnyvale, California. More information about Artisan Components, including free library access can be found at: http://www.artisan.com.

About IBM
IBM Microelectronics is a key contributor to IBM's role as the world's premier information technology supplier. IBM Microelectronics develops, manufactures and markets state-of-the-art semiconductor and interconnect technologies, products and services. IBM makes chips for a wide range of devices from the world's most powerful computers to the smallest cell phones. Its superior integrated solutions can be found in many of the world's best-known electronic brands. More information about IBM Microelectronics can be found at: http://www.ibm.com/chips.

By Edlyn Cardoza

Acrisure, a fast-growing FinTech leader, recently announced that it has acquired two Managed Service Providers (MSP) within its Cyber Services division: Catalyst Technology Group and ITS Inc.

Catalyst Technology Group, based in Indianapolis, Indiana, offers small-and-medium size businesses enterprise-class IT support with a speciality in streamlining processes for greater customer ease. ITS Inc., based in Bar Mills, Maine, provides IBM system design, integration and consulting services to industries including manufacturing, distribution, healthcare, and education.

Acrisure Cyber Services leverages security products, modern AI techniques and cloud-native architecture to minimise clients’ risk. Through these new MSP partnerships, Acrisure clients gain access to Microsoft products, licenses, and Azure Cloud services; Dell computers and components; Cisco networking equipment and software; 24-hour Microsoft help desk; IBM Hardware and Software products and services, and most importantly, the engineering experience to install and support all the above.

“Catalyst and ITS are entrepreneurial organizations with strong leadership and deep customer relationships. Our clients will greatly benefit from an expanded Cyber Services offering with these capabilities added to our solution,” said Greg Williams, Co-Founder, Chairman and CEO of Acrisure.

Since officially launching earlier this year, Acrisure Cyber Services has rapidly expanded its capabilities to offer complete cybersecurity protection to existing and new Acrisure clients. As part of Acrisure’s “high-tech human” approach of marrying client relationships and advisory with technology, this offering further solidifies Acrisure’s ability to help protect and grow what its clients have worked so hard to build.

“Cyber risk is a threat to organizations of all sizes, but small and mid-size companies are especially vulnerable to increasingly sophisticated attacks. Additionally, cyber insurance carriers are raising the bar for minimum protection needed to secure coverage,” said Bill Meara, President of Acrisure Cyber Services. “We provide a single solution that is customized to their unique risk profile, size, industry and more. Now, with Catalyst and ITS we’ve created a holistic IT solution.”

YORKTOWN HEIGHTS, NY, Aug 18, 2008 -- IBM and its joint development partners -- AMD, Freescale, STMicroelectronics, Toshiba and the College of Nanoscale Science and Engineering (CNSE) -- today announced the first working static random access memory (SRAM) for the 22 nanometer (nm) technology node, the world's first reported working cell built at its 300mm research facility in Albany, NY.

SRAM chips are precursors to more complex devices such as microprocessors.

The SRAM cell utilizes a conventional six-transistor design and has an area of 0.1um2, breaking the previous SRAM scaling barriers.

Researchers achieved this breakthrough at CNSE of the University at Albany, State University of New York. CNSE's Albany NanoTech is the world's most advanced university based nanoelectronics research complex. IBM and its partners do much of their leading-edge semiconductor research at CNSE.

A nanometer is one one-billionth of a meter or about 80,000 times smaller than the width of a human hair.

"We are working at the ultimate edge of what is possible -- progressing toward advanced, next-generation semiconductor technologies," said Dr. T.C. Chen, vice president of Science and Technology, IBM Research. "This new development is a critical achievement in the pursuit to continually drive miniaturization in microelectronics."

22 nm is two generations away in chip manufacturing. The next generation is 32 nm -- where IBM and its partners are in development with their leading 32 nm high-K metal gate technology that no other company or consortium can match.

Traditionally, an SRAM chip is made more dense by shrinking its basic building block, often referred to as a cell. IBM-alliance researchers optimized the SRAM cell design and circuit layout to Improve stability and developed several novel fabrication processes in order to make the new SRAM cell possible. The researchers utilized high-NA immersion lithography to print the aggressive pattern dimensions and densities and fabricated the parts in its a state-of-the-art 300mm semiconductor research environment.

SRAM cell size is a key technology metric in the semiconductor industry, and this work demonstrates IBM and its partners' continued leadership in cutting-edge process technology.

Key enablers of the SRAM cell include band edge high-K metal gate stacks, transistors with less than 25 nm gate lengths, thin spacers, novel co-implants, advanced activation techniques, extremely thin silicide, and damascene copper contacts.

Additional details of this achievement will be presented at the IEEE International Electron Devices (IEDM) annual technical meeting to be held in San Francisco, CA, December 15-17, 2008.

Bennett Oghifo

LafargeHolcim has said it would work with IBM Services to further develop the first digital platform for road design optimisation, ORIS, a solution that could reduce road project costs by up to one-third and carbon emissions by up to half while tripling road durability and usage lifespans.

This is contained in a statement by LafargeHolcim, which said ORIS allows decision-makers, road infrastructure authorities and project investors to Improve road construction and sustainability and reduce inefficiencies through smart project design. This is especially timely as governments design stimulus packages to revive economic activity post COVID-19 while also responding to the impact of climate change.

Records show that an average of 700,000 kilometres (435,000 miles) of new roads are being built globally every year. Improving road quality and resilience will help reduce the massive amount of carbon emissions attributed to transportation. Because roads vary depending on location, climate, vehicle types and traffic volumes, it is a complex challenge to define the most sustainable and cost-effective mix of building materials and technologies early in the design phase. ORIS assesses road pavement designs from different perspectives and recommends efficient construction and maintenance patterns with local materials availability and capabilities. ORIS is supporting public policies that conserve natural resources, enabling a more local and circular economy in road construction.

“We are accelerating the digitalisation of our solutions for sustainable and high-performance construction,” said Marcel Cobuz, Region Head of Europe, Member of the Executive Committee with responsibility for innovation at LafargeHolcim on a global level. “With global solutions like ORIS, we are committed to leading the way in low-carbon and circular construction as well as responsible natural resource consumption for roads and beyond. We have already entered into pilots with different partners such as road authorities, international financing institutions and engineering firms to use ORIS in both developed and emerging markets.”

LafargeHolcim will leverage IBM’s portfolio of digital platforms, hybrid clouds, digital design services, as well as IBM’s expertise in machine learning, artificial intelligence, industrial Internet-of-Things and data analytics to enhance even further its materials knowledge in cement and ready-mix concrete products, as well as its solutions and products, including precast concrete, asphalt, mortar and building solutions.

“Data-driven solutions and digital technologies have the potential to transform road construction towards more sustainable, circular, low-carbon, low-resource and cost-efficient techniques. ORIS is instrumental in recommending appropriate and tailored approaches to road-building, thus minimising costs, environmental impacts and project delays,” says Hervé Rolland, Vice President, Industrial solutions, IBM Europe. “IBM Services help businesses establish the right industry-relevant platforms that support rapid digitisation, standardisation and simplification, as well as vertically integrating both industrial and business operations.”

A new research center for artificial intelligence and machine learning has sprung up at the University of Oregon, thanks to a collaboration between IBM and the Oregon Advanced Computing Institute for Science and Society. The Oregon Center for Enterprise AI eXchange (CE-AIX) leverages the university's high-performance computing technology and enterprise servers from IBM to create new training opportunities and collaborations with industry.

"The new lab facility will be a valuable resource for worldwide universities and enterprise companies wanting to take advantage of IBM Enterprise Servers POWER9 and POWER10 combined with IBM Spectrum storage, along with AIX and RHEL with OpenShift," said Ganesan Narayanasamy, IBM's leader for academic and research worldwide.

Narayanasamy said the new center extends state-of-the-art facilities and other Silicon Valley-style services to researchers, system developers, and other users looking to take advantage of open-source high-performance computing resources.  The center has already helped thousands of students gain exposure and practice with its high-performance computing training, and it is expected to serve as a global hub that will help prepare the next generation of computer scientists, according to the center's director Sameer Shende.

"We aim to expand the skillset of researchers and students in the area of commercial application of artificial intelligence and machine learning, as well as high-performance computing technologies," Shende said.

Thanks to a long-term loan agreement with IBM, the center has access to powerful enterprise servers and other capabilities. It was envisioned to bring together data scientists from businesses in different domains, such as financial services, manufacturing, and transportation, along with IBM research and development engineers, IBM partner data scientists, and university students and researchers.

The new center also has the potential to be leveraged by everyone from global transportation companies seeking to design more efficient trucking routes to clean energy firms looking to design better wind turbines based on models of airflow patterns. At the University of Oregon, there are potential applications in data science, machine learning, environmental hazards monitoring, and other emerging areas of research and innovation.

"Enterprise AI is a team sport," said Raj Krishnamurthy, an IBM chief architect for enterprise AI and co-director of the new center. "As businesses continue to operationalize AI in mission-critical systems, the use cases and methodologies developed from collaboration in this center will further promote the adoption of trusted AI techniques in the enterprise."

Ultimately, the center will contribute to the University of Oregon's overall research excellence, said AR Razdan, who serves as the university's vice president for research and innovation.

"The center marks another great step forward in [the university's] ongoing efforts to bring together interdisciplinary teams of researchers and innovators," Razdan said.

This post was created by IBM with Insider Studios.

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• Database knowledge required in SQL (DB2 / PostgreSQL).

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• Proficient in Domain Driven design concepts.

• Proficient in REST API design standards.

• Extensive knowledgeable and experience in DevOps principles and impact on development lifecycles

Knowledge in:

• Security

• Service-Composition within Client

• OIDC & OAuth2

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• Strong time management skills and the ability to meet deadlines.

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[Editor’s note: “7 Quantum Computing Stocks to Buy for the Next 10 Years” was previously published in August 2020. It has since been updated to include the most relevant information available.]

Quantum computing has long been a concept stuck in the theory phase. Using quantum mechanics to create a class of next-generation quantum computers with nearly unlimited computing power remained out of reach.

But quantum computing is starting to hit its stride. exact breakthroughs in this emerging field — such as IBM’s (IBM) progressive 100-qubit quantum chip – are powering quantum computing forward. Over the next several years, this space will go from theory to reality. And this transition will spark huge growth in the global quantum computing market.

The investment implication?

It’s time to buy quantum computing stocks.

Quantum Computing’s Transformational Power

At scale, quantum computing will disrupt every industry in the world, from finance to biotechnology, cybersecurity and everything in between.

It will Improve the way medicines are developed by simulating molecular processes. It will reduce energy loss in batteries via optimized routing and design, thereby allowing for hyper-efficient electric car batteries. In finance, it will speed up and augment portfolio optimization, risk modeling and derivatives creation. In cybersecurity, it will disrupt the way we go about encryption. It will create superior weather forecasting models, unlock advancements in autonomous vehicle technology and help humans fight climate change.

I’m not kidding when I say quantum computing will change everything.

And as this next-gen computing transforms the world, quantum computing stocks will be big winners over the next decade.

So, with that in mind, here are seven of those stocks to buy for the next 10 years:

Quantum Computing Stocks to Buy: Alphabet

Among the various quantum computing stocks to buy for the next 10 years, the best is probably Alphabet (GOOG, GOOGL) stock.

Its Google AI Quantum is built on the back of a state-of-the-art 54-qubit processor dubbed Sycamore. And many consider this to be the leading quantum computing project in the world. Why? This thinking is bolstered mostly by the fact that, in late 2019, Sycamore performed a calculation in 200 seconds that would have taken the world’s most powerful supercomputers 10,000 years to perform.

This achievement led Alphabet to claim that Sycamore had reached quantum supremacy. What does this mean? Well, that’s the point when a quantum computer can perform a task in a relatively short amount of time that no other supercomputer could in any reasonable amount of time.

Many have since debated whether or not Alphabet has indeed reached quantum supremacy.

But that’s somewhat of a moot point.

The reality is that Alphabet has built the world’s leading quantum computer. The engineering surrounding it will only get better. And so will Sycamore’s computing power. And through its Google Cloud business, Alphabet can turn Sycamore into a market-leading quantum-computing-as-a-service business with huge revenues at scale.

To that end, GOOG stock is one of the best quantum computing stocks to buy today for the next 10 years.

International Business Machines

The other “big dog” that closely rivals Alphabet in the quantum computing space is IBM.

IBM has been big in the quantum computing space for years. But Big Blue has attacked this space in a fundamentally different way than its peers.

That is, other quantum computing players like Alphabet have chased quantum supremacy. But IBM has shunned that idea in favor of building on something the company calls the “quantum advantage.”

Ostensibly, the quantum advantage really isn’t too different from quantum supremacy. The former deals with a continuum focused on making quantum computers perform certain tasks faster than traditional computers. The latter deals with a moment focused on making quantum computers permanently faster at all things than traditional computers.

But it’s a philosophical difference with huge implications. By focusing on building the quantum advantage, IBM is specializing its efforts into making quantum computing measurably useful and economic in certain industry verticals for certain tasks.

In so doing, IBM is creating a fairly straightforward go-to-market strategy for its quantum computing services in the long run.

IBM’s realizable, simple, tangible approach makes it one of the most sure-fire quantum computing stocks to buy today for the next 10 years.

Quantum Computing Stocks: Microsoft

Another big tech player in the quantum computing space with promising long-term potential is Microsoft (MSFT).

Microsoft already has a huge infrastructure cloud business, Azure. Building on that foundation, Microsoft has launched Azure Quantum. It’s a quantum computing business with potential to turn into a huge QCaaS business at scale.

Azure Quantum is a secure, stable and open ecosystem, serving as a one-stop shop for quantum computing software and hardware.

The bull thesis here is that Microsoft will lean into its already-huge Azure customer base to cross-sell Azure Quantum. Doing so will give Azure Quantum a big and long runway for widespread early adoption. And that’s the first step in turning Azure Quantum into a huge QCaaS business.

And it helps that Microsoft’s core Azure business is absolutely on fire right now.

Putting it all together, quantum computing is simply one facet of the much broader Microsoft enterprise cloud growth narrative. That narrative will remain robust for the next several years. And it will continue to support further gains in MSFT stock.

Quantum Computing

The most interesting, smallest and potentially most explosive quantum computing stock on this list is Quantum Computing (QUBT).

And the bull thesis is fairly simple.

Quantum computing will change everything over the next several years. But the hardware is expensive. It likely won’t be ready to deliver measurable benefits at reasonable costs to average customers for several years. So, Quantum Computing is building a portfolio of affordable quantum computing software and apps that deliver quantum computing power. And they can be run on traditional legacy supercomputers.

In so doing, Quantum Computing is hoping to fill the affordability gaps. It aims to become the widespread, low-cost provider of accessible quantum computing software for companies that can’t afford full-scale hardware.

Quantum Computing has begun to commercialize this software, namely with QAmplify, its suite of powerful QPU-expansion software technologies. through three products currently in beta mode. According to William McGann, the company’s chief operating and technology officer:

“The use of our QAmplify algorithm in the 2021 BMW Group Quantum Computing Challenge for vehicle sensor optimization provided proof of performance by expanding the effective capability of the annealer by 20-fold, to 2,888 qubits.”

Quantum Computing’s products will likely start signing up automaker, financial, healthcare and government customers to long-term contracts. Those early signups could be the beginning of thousands for Quantum’s services over the next five to 10 years.

You could really see this company go from zero to several hundred million dollars in revenue in the foreseeable future.

If that happens, QUBT stock — which has a market capitalization of $78 million today — could soar.

Quantum Computing Stocks: Alibaba

Like others in this space, Alibaba’s (BABA) focused on creating a robust QCaaS arm to complement its already-huge infrastructure-as-a-service business.

In short, Alibaba is the leading public cloud provider in China. Indeed, Alibaba Cloud owns about 10% of the global IaaS market. Alibaba intends to leverage this leadership position to cross-sell quantum computing services to its huge existing client base. And eventually, it hopes to become the largest QCaaS player in China, too.

Will it work?

Probably.

The Great Tech Wall of China will prevent many on this list from participating in or reaching scale in China. Alibaba does have some in-country quantum computing competition. But this isn’t a winner-take-all market. And given Alibaba’s enormous resource advantages, it’s highly likely that it becomes a top player in China’s quantum computing market.

That’s just another reason to buy and hold BABA stock for the long haul.

Baidu

The other big Chinese tech company diving head-first into quantum computing is Baidu (BIDU).

The company launched its own quantum computing research center in 2018. According to its website, the goal of this research center is to integrate quantum computing into Baidu’s core businesses.

If so, that means Baidu’s goal for quantum computing diverges from the norm. Others in this space want to build out quantum computing power to sell it as a service to third parties. Baidu wants to build out quantum computing power to, at least initially, Improve its own operations.

Doing so will pay off in a big way for the company.

Baidu’s core search and advertising businesses could markedly Improve with quantum computing. Advancements in computing power could dramatically Improve its search algorithms and ad-targeting techniques and power its profits higher.

And thanks to its early research into quantum computing, BIDU stock does have healthy upside.

Quantum Computing Stocks: Intel

Last — but not least — on this list of quantum computing stocks to buy is Intel (INTC).

Intel may be falling behind competitors — namely Advanced Micro Devices (AMD) — on the traditional CPU front. But the semiconductor giant is on the cutting edge of creating potential quantum CPU candidates.

Intel’s newly announced Horse Ridge cryogenic control chip is widely considered the market’s best quantum CPU candidate out there today. The chip includes four radio frequency channels that can control 128 qubits. That’s more than double Tangle Lake, Intel’s predecessor quantum CPU.

The big idea, of course, is that when quantum computers are built at scale, they will likely be built on Intel’s quantum CPUs.

Therefore, potentially explosive growth in the quantum computing hardware market over the next five to 10 years represents a huge, albeit speculative, growth catalyst for both Intel and INTC stock.

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

New Jersey, N.J., July 27, 2022 The Procurement Analytics Software 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 Procurement Analytics Software market research report tracks all the exact 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.

Procurement Analytics Software automates your expense and purchasing analysis and manages your organizations expense activities with an easy-to-understand, insightful dashboard. Purchasing Analytics is driven by the growing need to predict risk and loss, lower operating costs, increase productivity, and sustain business growth. Purchasing Analytics offers data-driven insight to help companies Improve service levels. Purchasing processes such as design, planning, delivery, production, and service have increased the use of analytical tools.

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Competitive landscape:

This Procurement Analytics Software 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:IBM, SAP, Oracle, Tamr, Zycus, SAS Institute, Accenture, GEP, Genpact, Sievo, Dataction, Tungsten Corporation, Rosslyn Data Technologies, BirchStreet

Market Scenario:

Firstly, this Procurement Analytics Software 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 Procurement Analytics Software 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

Cloud-based
On-premise

Market Segmentation: By Application

BFSI
Healthcare and Life Sciences
IT & Telecom
Retail & E-Commerce
Energy And Utilities
Others

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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 Procurement Analytics Software 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 Procurement Analytics Software report helps to save you time and money by delivering unbiased information under one roof.

Table of Contents

Global Procurement Analytics Software Market Research Report 2022 – 2029

Chapter 1 Procurement Analytics Software 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 Procurement Analytics Software Market Forecast

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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 12^th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.
• Insufficient Security Staffing – Sixty-two percent of studied organizations stated they are not sufficiently staffed to meet their security needs, averaging $550,000 more in breach costs than those that state they are sufficiently staffed.

Additional Sources

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

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

Press Contact:

IBM Security Communications
Georgia Prassinos
gprassinos@ibm.com

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

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SOURCE IBM