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Cyber Fraud Statistics & Preventions to Prevent Data Breaches in 2021

Smart Data Collective

The risk of data breaches will not decrease in 2021. Data breaches and security risks happen all the time. One bad breach and you are potentially risking your business in the hands of hackers. In this blog post, we discuss the key statistics and prevention measures that can help you better protect your business in 2021.

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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 trillion, up from USD 864 billion in 2019 to 2020. Now, consider the just-in-case approach. A 40% reduction in inventory costs.

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Log Analytics Practices That DevOps Experts Must Embrace In 2019

Smart Data Collective

You won’t be able to analyze it or get any meaningful statistics or reports out of it. The post Log Analytics Practices That DevOps Experts Must Embrace In 2019 appeared first on SmartData Collective. While log data is valuable , it is very hard to extract that value if there isn’t some kind of structure to the data.

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What is a phishing simulation?

IBM Big Data Hub

Why phishing simulations are important Recent statistics show phishing threats continue to rise. Since 2019, the number of phishing attacks has grown by 150% percent per year— with the Anti-Phishing Working Group (APWG) reporting an all-time high for phishing in 2022 , logging more than 4.7 million phishing sites.

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Humans and AI: How Should You Talk About AI? Be Positive or Give Warnings?

DataRobot

In 2019, Utah struck a deal with Banjo, a threat detection firm selling AI services to process live traffic feeds, dispatch logs, and other data. The auditor’s report contained both good news and bad news. The good news was the software posed less risk to privacy than suspected. ” AI Doomsaying.

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7 Advantages of Using Encryption Technology for Data Protection

Smart Data Collective

However, according to a 2018 North American report published by Shred-It, the majority of business leaders believe data breach risks are higher when people work remotely. Statistics show that poor data quality is a primary reason why 40% of all business initiatives fail to achieve their targeted benefits.

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The Proven Way for Healthcare Providers to Maintain HIPAA Compliance

Octopai

The cost of data breaches in 2019 was 87% higher than in 2018 , with the number rising each year. With such sensitive information at risk, the federal government passed the Health Insurance Portability and Accountability Act (HIPAA). million Americans experiencing compromised personal data in 2019, compliance is key.