IBM
SA Data Breach Costs Reached Record Highs During Pandemic – IBM
IBM Security announced the results of a recent study that found that data breaches now cost South African companies $3-million (R46-million) on average – the highest cost in the 6-year history of the report. Worldwide, the average financial damages caused by a data breach increased by nearly 10% year over year to $4.24 million in 2021. Based on in-depth analysis of real-world data breaches experienced by organisations in South Africa, the study suggests that security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic, with costs rising 15% for South African compared to the prior year. Businesses were forced to quickly adapt their technology approaches last year, with many companies encouraging or requiring employees to work from home, a...
The Average Data Breach Costs Over $4-Million in 2021
According to data presented by Atlas VPN, the average financial damages caused by a data breach increased by nearly 10% year over year to $4.24 million in 2021. This is the highest spike since 2015. A data breach can have a number of negative implications for a business, including lost sales, a tarnished reputation, data recovery fees, and possibly employee layoffs. “The record-high average losses can be directly linked to the rapid onset of remote work, as it created many new loopholes for cybercriminals to exploit,” Edward Garb, a cybersecurity researcher at Atlas VPN, comments on the findings. The numbers are provided by IBM, where between May 2020 and March 2021, researchers conducted roughly 3,500 separate interviews with individuals from 17 countries and 537 firms that had experience...
IBM Announces New General Manager for Africa and Middle-East
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Confidential Computing – Why Privacy Should be the Heart of Digital Experiences
Image sourced from Intel. In this past year, the consumer experience came to the forefront. As we faced various stages of lockdowns, we turned to online banking, seeing our doctors remotely, running our businesses using technology and socialising through a screen. Digital interactions became a part of our lives – ever-present and normalised as we navigated changes swept in by this pandemic. As our digital interaction became seamless and permeated through every aspect of our lives, privacy continued to be top of mind. We carried out our lives predominantly online – making many of us more vulnerable to fraudsters. As we navigated living our lives digitally, data theft dominated 2020 as the most common attack in the Middle East and Africa. Across the region, data theft and leaks accounted for...
IBM Introduces World’s First 2 Nanometer Chip
Image sourced with Learn Bonds IBM has unveiled the world’s first 2 nanometer (nm) chip – this technology uses semiconductors that play critical roles in everything from computing to appliances, to communication devices, transportation systems, and critical infrastructure. Demand for increased chip performance and energy efficiency continues to rise, especially in the era of hybrid cloud, AI, and the Internet of Things. IBM’s new 2 nm chip technology is expected to help advance the state-of-the-art in the semiconductor industry, addressing this growing demand. It is projected to achieve 45% higher performance, or 75% lower energy use, than today’s most advanced 7 nm node chips. The potential benefits of these advanced 2 nm chips could include: Quadrupling cell phone battery life, only requ...
IBM Joins Forces with AFRALTI to Launch a Digital Training Programme in Kenya
Image sourced with Learn Bonds IBM has partnered with the African Advanced Level Telecommunications Institute (AFRALTI) to launch the Open P-TECH for Africa programme. This programme is expected to provide 50,000 Kenyan youth aged 14 to 20 years with access to digital training about emerging tools and technologies designed to help them leapfrog to a better future. Open P-TECH is a free digital learning platform for students (grades 9-14), parents, and educators that supports learners in developing both soft skills and hard skills (including education on cloud computing, artificial intelligence, blockchain, digital thinking and more) to prepare them for jobs of the future. Currently, it has more than 224,000 registered members in 137 countries and is available in nine languages. /* custom c...
Malian opposition leader dies of coronavirus
Malian opposition leader Soumaila Cisse has died of coronavirus aged 71, his family and party said Friday, after being held hostage for six months by jihadists earlier this year. Cisse “died in France, where he had been taken for Covid-19 care,” a member of his family told AFP. “I can confirm this terrible news. He’s dead,” a leader of Cisse’s URD party told AFP, saying the politician’s wife had let him know. Cisse was snatched by jihadists on March 25 while campaigning in the northeastern Timbuktu region ahead of legislative elections. He was freed six months later in October alongside Frenchwoman Sophie Petronin and two Italians. The hostages were exchanged for some 200 prisoners whose release was demanded by jihadist groups. “I was not subjected to any violence, either physical or verba...
Women in Tech: Gciniwe Dlamini, Research Engineer at IBM
Gciniwe Dlamini is a Research Engineer at IBM Research. She is currently working on developing robust machine learning and statistical models to analyze and derive insights from real healthcare data. In conjunction with machine learning algorithms, she is using natural language processing tools to analyze medical reports in text format and digital signal processing techniques to analyze acoustic signals. ITNA’s Jenna Delport had the opportunity to chat with Dlamini about her role at IBM and what it takes to make it as a woman in this male-dominated industry. Here’s what transpired: What is your typical day as a Research Engineer like? Does that even exist for you? /* custom css */ .tdi_3_031.td-a-rec-img{ text-align: left; }.tdi_3_031.td-a-rec-img img{ margin: 0 auto 0 0; } The field of AI...
INTERVIEW: How IBM and WITS are Enabling Data-Driven Decisions to Flatten the COVID-19 Curve
With the ongoing battle against the spread of COVID-19, it’s said that timely and accurate data could help governments stay ahead of new transmissions and ultimately flatten the curve. With this in mind, IBM Research Africa, WITS University and the Gauteng provincial government have joined forces to develop a powerful data-driven dashboard to help make data-driven decisions when it comes to halting the spread of the virus. ITNA’s Jenna Delport spoke to Sibusisiwe Makhanya, Data Scientist at IBM Research Africa, about this pioneering tool and how it’s aiding the government during this pandemic. Here’s is what transpired: With the ongoing battle against the spread of COVID-19 in mind, how does timely and accurate data assist government to stay ahead of new transmissions and flatten the curve...
6 Tips to Consider When Building a ChatBot for your Business
Sourced from UC Today. By 2022, Gartner predicts that 70% of customer interactions with businesses will involve emerging technologies such as machine learning (ML) applications, chatbots and mobile messaging. It’s as good a time as any to consider introducing chatbot functionality to your business. Chatbots are a bit like magic in that they are powerful tools in the right hands. But if they’re thrown into gaps in the business without strategic direction or the customer underpinning the foundations of their design, then they can potentially do the opposite of what the business wants. They can frustrate customers, deliver poor service and damage the brand. There are six essential elements that make up a solid and effective chatbot implementation. These six qualities will define the relevance...
Microsoft Won’t Sell its Facial Recognition Tech to Law Enforcement
Tech juggernaut Microsoft won’t sell its facial recognition software to police or law enforcement until more federal regulations for facial recognition technology are set in place. This is what company president Brad Smith said during an interview. “The bottom line for us is to protect the human rights of people as this technology is deployed,” Smith adds that the company hasn’t previously sold the technology to law enforcement. Both consumer advocates and civil liberties groups have long warned about the dangers of facial recognition technologies, particularly with respect to the police. Two years ago, the American Civil Liberties Union (ACLU) began calling on tech giants to stop providing the technology to governments and law enforcement agencies, arguing that it posed a potential threat...
Amazon Won’t Allow Police to Use it’s Facial Recognition Technology
Image sourced from Detroit Metro Times Amazon has announced that it will implement a one year ban on law enforcement from using its facial recognition platform, Rekognition. “We’re implementing a one-year moratorium on police use of Amazon’s facial recognition technology. We will continue to allow organizations like Thorn, the International Center for Missing and Exploited Children, and Marinus Analytics to use Amazon Rekognition to help rescue human trafficking victims and reunite missing children with their families,” reads a statement from the tech giant. In the last decade, incredible milestones in the development of facial recognition technology have been achieved – often due to breakthroughs in artificial intelligence. However, according to The Verge, “the technology — because i...
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