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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.

By IBM Corporation

IBM Security today 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.

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Thanks to IBM Service Corps volunteers, IBM will provide in-kind cybersecurity support to schools across the United States, as well as Brazil, Costa Rica, Ireland, and the United Arab Emirates.

The grants will focus on the need to establish programs that help address cybersecurity resiliency in schools, including against ransomware.

By IBM Corporation

IBM today announced it will provide in-kind grants valued at $5 million to help address cybersecurity resiliency in schools worldwide. For the second year in a row, six school districts in the United States will be awarded these grants. This year the program is also expanding overseas with four additional grants in Brazil, Costa Rica, Ireland, and the United Arab Emirates. As part of each grant, sponsor teams of IBMers will help schools proactively prepare for and respond to cyberattacks.

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IBM collaborates with U.S. Department of Veterans Affairs, Specialisterne Foundation, and six Historically Black College & Universities to train underrepresented communities on technology.

By IBM Corporation

IBM today announced education initiatives with the U.S. Department of Veterans Affairs (VA), Specialisterne Foundation, and six Historically Black Colleges & Universities (HBCUs) to provide no-cost STEM job training to U.S. military veterans, neurodivergent learners worldwide, and university students from underrepresented communities in the U.S.

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It was great to be back in person recently gathering with new and old colleagues at the Financial Services Information Sharing and Analysis Center (FS-ISAC) Spring Summit.

By Howard Boville | Head of IBM Hybrid Cloud Platform

After two long years, it was inspiring to connect with leaders in the financial services space and hear about their needs as they contend with the evolving threat landscape.

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Launches new cloud service to help enterprises protect data across multiple clouds; designed to help regulated industries demonstrate their compliance faster

Today, IBM launched the industry's first cloud service to perform key management across hybrid, multicloud environments, helping enterprises mitigate risk to critical data from cyberattacks and insider threats. Built for today's hybrid cloud world, the new service empowers businesses to take advantage of IBM's cloud security capabilities – no matter where their data resides – including on other clouds and on-premises.

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The acquisition adds newly developed, advanced software that identifies and protects IBM i and Linux systems against cyberattacks and ransomware, as well as auditing for compliance and services to help businesses safeguard critical data.

Fresche Solutions is pleased to announce the acquisition of Trinity Guard, a leader in world-class security, auditing and detection software and services that provide vital capabilities to detect and protect against growing cybercrimes.

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Other Findings: Asia Pacific Now Most Attacked Region; Average Lifespan of Ransomware Groups is 17 Months; Vishing Triples Phishing Click Rate

By IBM Corporation

IBM Security today released its annual X-Force Threat Intelligence Index unveiling how ransomware and vulnerability exploitations together were able to "imprison" businesses in 2021 further burdening global supply chains, with manufacturing emerging as the most targeted industry. While phishing was the most common cause of cyberattacks in general in the past year, IBM Security X-Force observed a 33% increase in attacks caused by vulnerability exploitation of unpatched software, a point of entry that ransomware actors relied on more than any other to carry out their attacks in 2021, representing the cause of 44% of ransomware attacks.

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- IBM FlashSystem Cyber Vault is designed to assist businesses in detecting and recovering more swiftly from cyberattacks

- IBM FlashSystem 7300, 9500, and third generation FlashCore Modules are optimized for hybrid cloud environments, designed to deliver increased performance, scalability, and agility

By IBM Corporation

IBM today unveiled IBM FlashSystem Cyber Vault to help companies better detect and recover quickly from ransomware and other cyberattacks. The company also announced new FlashSystem storage models, based on IBM Spectrum Virtualize to provide a single and consistent operating environment, that are designed to increase cyber resilience and application performance within a hybrid cloud environment.

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