The hidden costs of a data breach to businesses globally has risen by 6.4 per cent in the last year, with the average total cost of a major breach hitting £263m. The amount of so-called mega breaches - cases that involve more than 1m records being lost - have nearly doubled over the last five years, with 16 mega breaches occurring in 2017. Data compiled by IBM revealed that breaches on this scale can cost a business anywhere from $40m (£30m) to $340m, with more than 90 per cent of these breaches stemming from malicious and criminal attacks as opposed to glitches or human error. The research also found that the publicly reported costs by companies having experienced a mega breach are often underreported, leaving out the hidden costs which includes factors such as a negative impact on reputation, and employee time spent on recovery. Lost business was found to be the biggest expense after a mega breach, costing companies an average of nearly $118m at almost a third of a hack's … [Read more...] about The cost of a major data breach for businesses hits £263m, almost doubling in just five years
Reducing the cost
The Government of Viet Nam expects to lower logistics costs to 16-20% in the coming years This is one of a series of thematic conferences planned for this year by the Government in order to help it see through the biggest challenges to the country. Last year, PM Nguyen Xuan Phuc issued a decision approving an action plan on competitiveness improvement and logistics service development. Under the plan, the Government hopes to lower the logistics costs to 16%-20% of the GDP and the logistics performance index (LPI) is expected to rank at least 50th compared to the current 64th out of 160 countries. The Government sets the goal of logistics growth between 16%-20% from now until 2025, according to the plan. Viet Nam’s logistics costs/GDP rate nearly doubles the global average rate (14%), said World Bank Country Director in Viet Nam Ousmane Dione. Meanwhile, Vice Minister of Transport Nguyen Van Cong, the LPI reflects the development levels of economies, underlining that Viet Nam … [Read more...] about Gov’t determines to reduce logistics costs currently making up one fifth of GDP
It’s no secret that the U.S. spends a lot on health care, around 18 percent of its GDP or $9,400 per capita, nearly double what other high-income countries such as Canada, UK, Germany, and Australia spend. But more spending doesn’t necessarily yield better results. In fact, studies show that many of the countries that spend less than the U.S. see better outcomes in the overall health of their citizens. According to a new report published by the Journal of the American Medical Association (JAMA), a little less than half the health care expenditures in the U.S. go into planning, regulating, and managing medical services at the administrative level. And industry experts believe we can reduce a lot of this spending with the help of artificial intelligence. “A number of recent studies have found that [health care] administrative costs [in the U.S.] continue to rise and or remain higher than other countries,” says Pamela Hepp, an expert in data security, health care … [Read more...] about AI could help reduce the administrative costs of health care
With all the rumors of potentially seeing a September launch time frame with the upcoming next-generation iPhone , consumers will soon find themselves torn in whether or not they should wait out for the new model. Of course, price drops to existing models will eventually become more profound, but it seems that Target might be jumping the gun a bit earlier than others. Specifically, we received some news from a tipster that indicates price drops are coming to Target’s selection of current iPhone models. Based on the information we’re seeing, the new pricing structure will begin to go in effect starting tomorrow, July 31st . So if you’re not planning on picking up the next iPhone model, Target’s offering might seem appealing to some people – especially when you’ll be saving some cash along the way. From what we’re told, the iPhone 3GS is going to be selling for $19.99, with the AT&T and Verizon 16GB iPhone 4 for $149.99. Meanwhile, … [Read more...] about Target is expecting to reduce the price of its iPhone models starting tomorrow?
Just because the Google Pixel is advertised as a Verizon exclusive doesn't mean that you can't use it on another network. T-Mobile points out that the handset has been tested on its 4G LTE pipeline. If you smell a deal brewing, read on. Starting tomorrow (which is October 28th), you can hook up your unlocked Pixel with T-Mobile's network and receive back 50% of the cost of the phone. That means up to $325 will be coming back to you. All you have to do is sign up for T-Mobile One and you will find a $13.55 credit applied to your monthly bill for 24 months. That works out to approximately $325, half the price of a 32GB Google Pixel.T-Mobile One offers you unlimited talk, text and data for your Pixel. Unlimited video is streamed at 480p (DVD resolution) unless you sign up for T-Mobile One Plus or purchase an HD Day Pass. Those among the top 3% of data users on the T-Mobile network (greater than 26GB of data consumed each month) are subject to data prioritization. That's a fancy word that … [Read more...] about T-Mobile will return 50% of the cost of your new unlocked 32GB Pixel if you bring it to the Un-carrier