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Tag: billion

IBM and Red Hat are betting $5 billion that open source needs a security guard

IBM and Red Hat announced Project Lightwell, a $5 billion commitment backed by new frontier AI capabilities and a global force of more than 20,000 engineers to help enterprises secure open source software. Together, these investments establish a new model for enterprise use of open source software, from upstream development through production environments. Project Lightwell…

19.6 Billion Files Are Sitting Open on the Internet. No Password Required

19.6 Billion files are exposed in misconfigured cloud buckets, including 685K credential files and nearly 1M database dumps. There’s a comfortable myth most people carry around: that the data they hand to companies is locked somewhere safe. Researchers at Mysterium VPN just ran the numbers, and the numbers disagree. Across 535,480 publicly listable cloud storage…

Microsoft, EY to spend $1 billion on helping customers buy agentic AI

Microsoft and EY will spend $1 billion on helping their customers adopt AI over the next five years. The billion will support assisting clients with pioneering AI projects and capability building, said EY’s global Microsoft alliance leader, Paul Clark. Clients will be able to access those resources based on their specific needs, he said. “We’re…

Splunk: Downtime Costs Hit $600B as Shadow AI Grows

The average cost of downtime has reached $600 billion across the Global 2000, a 50% increase in just two years, according to a newly published report from Splunk. Produced in partnership with Oxford Economics, Splunk’s “The Hidden Costs of Downtime” report highlights the rising financial impact of cyber incidents, outages, and breaches, including a growing…

Top Five Sales Challenges Costing MSPs Cybersecurity Revenue

The managed security services market is projected to grow from $38.31 billion in 2025 to $69.16 billion by 2030[1], with cybersecurity being the fastest-growing sector[2]. Despite this opportunity, many MSPs leave revenue on the table because their go-to-market strategy fails to connect technical expertise with business needs. This execution gap is where most deals stall.…

Employment Hero AI unlocks new employment model targeting $12.6 billion in duplicated employment admin holding Australia back

New modelling shows businesses are paying $12.6 billion more than they should in employment administration Complex, manual HR processes are driving duplication, costing up to a quarter of an employee’s salary and dragging down productivity  Despite Australian businesses spending $160 billion annually on compliance, hundreds of thousands of workers remain underpaid and over half of…

MITRE releases a shared fraud-cyber framework built from real attack data

Financial fraud losses in the United States reached $16.6 billion in 2024, up from $4.2 billion in 2020. Behind those numbers is a structural problem: the teams responsible for stopping fraud, fraud investigators and cybersecurity analysts, have historically operated separately, using different tools, different terminology, and different mental models of how attacks unfold. The MITRE…

Questions raised about how LinkedIn uses the petabytes of data it collects

Through LinkedIn’s more than one billion business users, the Microsoft unit has access to a vast array of personally-identifiable information, including data that could identify religious and political positions. What is less clear is what LinkedIn does with all of that data. A small European company that sells a browser extension to leverage different aspects…

Questions raised about how LinkedIn uses the petabytes of data it collects

Through LinkedIn’s more than one billion business users, the Microsoft unit has access to a vast array of personally-identifiable information, including data that could identify religious and political positions. What is less clear is what LinkedIn does with all of that data. A small European company that sells a browser extension to leverage different aspects…

Cybercrime losses jumped 26% to $20.9 billion in 2025

Cybercrime remains a booming business.  Annual cybercrime losses amounted to almost $20.9 billion last year, reflecting a 26% increase from 2024, the FBI’s Internet Crime Complaint Center (IC3) said in its annual report Tuesday. The comprehensive study exposes a worsening digital crime environment that is driving financial losses, with momentum moving in the wrong direction…

Workday Bets Big on Sana: 300+ AI Skills, 24 Tasks Collapsed Into a Conversation, and the End of Enterprise Software as We Know It

Workday’s co-founder Aneel Bhusri met Joel Hellermark last summer in Stockholm. Bhusri, who returned as CEO of the $65 billion enterprise software giant after a two-year hiatus, called the 28-year-old Sana founder “one of the most talented entrepreneurs I’ve met” and “one of those guys that comes around once in a decade.”

Cloudflare tracked 230 billion daily threats and here is what it found

Cloudflare’s network blocks over 230 billion threats per day. The volume indicates how routine and automated the attack cycle has become, and the patterns behind that volume point to a shift in how breaches begin and progress. Cloudflare’s threat research unit, Cloudforce One, published its inaugural cyber threat report 2026, covering activity observed through 2025…

South Korea fines Louis Vuitton, Christian Dior, Tiffany $25M for SaaS security failures

South Korea’s data protection authority has handed down a combined KRW 36 billion (approximately US$25 million) in administrative fines to the local subsidiaries of three global luxury houses, after finding they failed to implement basic security controls while managing customer data through a SaaS platform. The Personal Information Protection Commission (PIPC), South Korea’s top privacy…

Palo Alto closes privileged access gap with $25B CyberArk acquisition

Cybersecurity company Palo Alto Networks has completed its $25 billion acquisition of Israel-based identity security firm CyberArk, bringing privileged access and identity security into the core of its platform strategy. With this acquisition, Palo Alto aims to extend privileged access controls across human, machine, and AI identities, reduce standing privileges, limit lateral movement, and stop…

EU clears Google’s $32B Wiz acquisition, intensifying cloud security competition

Google has secured unconditional EU antitrust approval for its $32 billion acquisition of cloud security firm Wiz, clearing a major regulatory hurdle and paving the way for one of the largest cybersecurity acquisitions to date.   The decision removes a key uncertainty for enterprise customers and positions Google Cloud to aggressively expand its security portfolio…

Apple Sends Alert – iPhones are at Risk

Around 1.6 billion people around the world have iPhones, and while Apple is usually diligent regarding security, there are two major problems that have surfaced. These problems leave iPhone users completely vulnerable to cyber criminal attacks and if users don’t address, they can steal all of your personal data and even your financial information. The…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…

Senior scams topped $4.8 billion in 2024: What to watch out for

Americans aged 60 and older lost $4.8 billion in 2024 to scammers, according to a report released by the FBI. These figures represent real people, real families, and life-changing financial devastation. The impact extends beyond just the numbers. The average loss among people over the age of 60 was $83,000, more than four times the…