Latest news with #CybersecurityVentures
Hans India
15-05-2025
- Business
- Hans India
Future-proofing tech talent : The role of upskilling in workforce resilience
:- Rupinder Kaur Kohli The tech industry is evolving so fast it feels impossible to keep up with it. Advancements in artificial intelligence, machine learning, blockchain, and other emerging technologies are reshaping what businesses do, how they think, and what skills they need to stay ahead. And as the demand for new expertise balloons, the pressure to reskill the entire workforce grows ever stronger. According to the World Economic Forum's Future of Jobs Report 2023, 60% of workers will need to reskill or upskill by 2027. Yet, the report also reveals a stark gap: only half of those employees will have access to the resources necessary to enhance their skills. This creates both a challenge and an opportunity for businesses within the tech sector. The question is no longer whether to reskill employees but how best to prepare them for roles that may not yet even exist. In the past, reskilling often meant preparing workers to switch from roles being phased out. However, today's definition has expanded. Workers must catch up with emerging technologies and stay ahead of trends that continue to disrupt their industry. Businesses are realising that a long-term strategy for employee development is no longer a 'nice-to-have' but a necessity. A proactive approach is now essential for success. Artificial Intelligence and Machine Learning AI and machine learning have become integral to numerous tech-driven sectors, from healthcare and finance to retail and education. As businesses adopt AI solutions to optimize operations, employees must understand how these tools work and how to leverage them. From automating routine tasks to making data-driven decisions, it's becoming an indispensable tool. And as businesses increasingly adopt AI solutions, employees must adapt to this technological shift. This means, to remain relevant in the AI era, individuals should consider upskilling in areas like data science and data analytics, where they understand data, cleaning, and analyzing it to extract valuable insights. Alternatively, machine learning offers many opportunities to develop and deploy ML models to automate tasks and make predictions. Or there's AI ethics and bias, where it's critical that businesses ensure systems are fair, unbiased, and ethical. A report by McKinsey & Company notes that the demand for AI-related roles is growing by 20% each year, with positions such as data scientists and AI specialists seeing a surge in job postings. Cybersecurity As companies increase their digital presence, the risk of cyberattacks grows exponentially. The growing sophistication of cyber threats, coupled with the rise of AI, means the need for a skilled cybersecurity workforce has never been more urgent. According to Cybersecurity Ventures, the global cybersecurity workforce shortage is expected to reach 3.5 million by 2025, emphasizing the importance of reskilling existing employees to fill these gaps. And here's why… AI-powered attacks are becoming increasingly sophisticated, targeting vulnerabilities in systems and networks. This means companies must invest in robust security measures to protect their sensitive data and digital assets and mitigate the risks associated with the evolving threat landscape. All this is presenting workers with great opportunities to transition into cybersecurity roles. And those who to aspire to building a successful career, now need training in risk management, threat analysis, cryptography, network security, cloud security and ethical hacking. Cloud Computing Cloud computing has revolutionized the way businesses operate, offering unprecedented scalability, flexibility, and cost-efficiency. Organizations of all sizes are rapidly migrating to the cloud to leverage its power and accelerate digital transformation. A recent Gartner report found that public cloud services are expected to increase by 21% annually, reaching a market value of $500 billion by 2024. Tech workers reskilling in cloud computing should focus on gaining proficiency in cloud platforms like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. To be successful, these tech professionals will need to acquire a deep understanding of cloud computing principles and technologies. Key areas of focus include cloud fundamentals, cloud platforms, cloud security, cloud architecture, cloud automation. Blockchain and Distributed Ledger Technologies Blockchain technology is not just for cryptocurrencies anymore. From supply chain management to secure voting systems, blockchain is being adopted across various sectors. As businesses explore how to incorporate this technology, they need workers who can understand blockchain's underlying principles and how to develop and deploy blockchain solutions. The IBM Blockchain Pulse report highlights that the demand for blockchain skills has risen by 520% in the last five years, making it a significant area for reskilling. To pursue a career in blockchain, individuals should focus on acquiring a strong foundation in core blockchain concepts. This includes distributed ledger technology (DLT) fundamentals, blockchain architecture and components, and cryptographic techniques. They'll also need to build blockchain development skills, such as programming languages like Solidity, Ethereum, and Hyperledger Fabric, and API integration for seamless system interactions. Plus, they'll need hands-on experience with blockchain platforms. The Need for a Continuous Learning Mindset One of the most significant challenges in the tech industry today is the rapid pace of change. What's cutting-edge today may be outdated tomorrow. This makes it increasingly difficult for workers to keep up, especially when traditional training programs and degree courses take time to develop and implement. The WEF Future of Jobs Report 2023 stresses the need for businesses to adopt 'always-on' learning and development strategies. So, employers must now foster a culture where continuous learning is encouraged, and employees are empowered to take charge of their development. Offering employees access to online courses, workshops, certifications, and mentorship programmes is an ideal way to help them acquire the necessary skills at their own pace. Looking Ahead As we move into an era dominated by technological change, businesses in the tech sector must recognize that reskilling isn't just about filling immediate skill gaps—it's about preparing for an uncertain and unpredictable future. While no one can anticipate the exact skills needed five or ten years from now, what is clear is that adaptability, continuous learning, and a proactive approach to employee development will be the key to thriving in the face of this change. (The author is Chief Solutions Architect, SkillUp)
Associated Press
28-04-2025
- Business
- Associated Press
Global Cybersecurity Market To Reach $1 Trillion Annually By 2031
Cybersecurity Ventures anticipates 15 percent year-over-year growth over the next five years 'Global spending on cybersecurity products and services is expected to reach $454 billion annually (USD) in 2025, up from $260 billion in 2021.'— Cybersecurity Ventures SAN FRANCISCO, CA, UNITED STATES, April 28, 2025 / / -- The imperative to protect increasingly digitized businesses, governments, schools, Internet of Things (IoT) devices, and consumers from cybercrime will propel global spending (1) on cybersecurity products and services to $1 trillion (USD) annually by 2031, according to the 'Cybersecurity Market Report' due out from Cybersecurity Ventures and Evolution Equity Partners on Jun. 16, 2025. Global spending on cybersecurity products and services is expected to reach $454 billion annually (USD) in 2025, up from $260 billion in 2021. 'In advance of the report, we are releasing our cybersecurity market prediction today at the RSA Conference 2025 in San Francisco' says Steve Morgan, founder of Cybersecurity Ventures. For 32 years, the RSA Conference has been a driving force behind the world's cybersecurity community. AI is expanding a $2 trillion total addressable market or TAM (2) for cybersecurity providers, according to a 2024/2025 study by McKinsey, a global management consulting firm and trusted advisor to the world's leading businesses, governments, and institutions. 'One of the areas that is extremely compelling is the opportunity to build a security layer around agentic AI,' says Richard Seewald, founder and Managing Partner at Evolution Equity Partners. 'If you think about the volume of agents that will be put into the market, the opportunity to create cybersecurity companies that defend and protect that layer are significant.' McKinsey's study is particularly relevant to the CISOs and vendors, the cybersecurity buyers and sellers, who made a pilgrimage to this year's RSA Conference. 'Based on the organizations we have served, cyber budgets are still under tremendous pressure to reduce cost when, in reality, they are often under-budgeting when framed in terms of the organization's risk profile,' says Justin Greis, Partner and North American Cybersecurity Practice Leader at McKinsey. 'More often than not, when we are engaged to analyze and possibly reduce cybersecurity costs, we typically end up increasing the cyber budget because the cyber risks uncovered exceed management's and the board's risk appetite,' adds Greis. 'More and more CISOs are requesting and reporting their budgets, not just in dollars and cents, but framed in terms of risk to critical business processes, products, services, or strategic goals/objectives.' Today, nearly 15 percent of (corporate) cybersecurity spending comes from outside the chief information security office (CISO), and non-CISO cyber spending is expected to grow at a 24 percent CAGR over the next three years, according to the McKinsey study, which goes on to state that this has changed from a decade ago, when almost all cybersecurity spending came from the CISO organization. Going forward, providers will need to increasingly cater to non-CISO customers, the McKinsey study posits, with most non-CISO cyber spending coming from buying centers responsible for cloud, product, network, and audit and compliance. Despite its current market size, cybersecurity has a lot of headroom to grow. 'We are still in the early innings of a secular trend in the cybersecurity space that involves increased spend by large enterprises, smaller businesses and consumers alike, a rapidly expanding attack surface, market consolidation and demand for next generation products and services that makes this a very compelling segment for investment,' says Dennis Smith, Founder and Managing Partner at Evolution Equity Partners. (1) Spending is actual dollars spent, or expected to be spent. The spending prediction figures from Cybersecurity Ventures includes all countries globally, B2B and B2C, plus a portion of any markets that are converged with cybersecurity such as physical security and surveillance, as well as automotive security, medical device security, military cyber defense technology, and others. It also counts in cyberinsurance policies. (2) TAM is the total revenue opportunity available to a product or service if 100 percent market share is achieved. TAM does not represent actual dollars spent, or expected to be spent. The TAM figures from McKinsey are global and primarily focused on B2B, but not B2C or other markets converged with cybersecurity such as physical security and surveillance, automotive security, and others. ABOUT Cybersecurity Ventures is a leading cybersecurity market watcher and the publisher of Cybercrime Magazine, Page ONE for the global cyber economy, and a trusted source for cybersecurity facts, figures, and statistics. Evolution Equity Partners is an international venture capital investor led by technology entrepreneurs who have built software companies around the world and who leverage tremendous operating, technical, product development and go-to-market expertise to help entrepreneurs win. Malcomb Farber Cybersecurity Ventures +1 631-680-8660 email us here Visit us on social media: LinkedIn Instagram YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
24-03-2025
- Business
- Yahoo
Yum! Brands (YUM) Partners with NVIDIA to Revolutionize AI in Restaurants
We recently published a list of . In this article, we are going to take a look at where Yum! Brands, Inc. (NYSE:YUM) stands against other high-flying AI stocks this week. The proliferation of advanced artificial intelligence innovations and solutions is fueling the rise of cybercrime. AI-generated cyber-attacks are the new frontier keeping companies, businesses, and governments on their toes, given the speed at which they occur and how effective some of them are. Cybercriminals are focusing on individuals and companies worldwide by employing advanced methods and elusive scams that can deceive even seasoned professionals. According to a report by Cybersecurity Ventures, it is projected that the financial impact of cyber-attacks will surpass $10 trillion this year, 2025. Nearly four out of five chief internal auditors (78%) think AI would have a negative influence on data security and cyber security. In contrast, 58% think it will make fraud worse, according to a recent Chartered Institute of Internal Auditors report. The opinions of internal audit and risk management specialists around Europe are reflected in a survey of 985 chief audit executives from 17 countries. It also highlights how company executives are becoming increasingly concerned about the hazards posed by AI. Meanwhile, the law enforcement agency of the European Union is warning that artificial intelligence is significantly accelerating organized crime to the point of weakening foundational structures while additionally supporting state-backed destabilization efforts. 'Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating. Some attacks show a combination of motives of profit and destabilization, as they are increasingly state-aligned and ideologically motivated,' said Europol's Executive Director Catherine De Bolle. According to the report titled EU Serious and Organized Crime Threat Assessment 2025, crimes such as drug trafficking, human smuggling, money laundering, cyber-attacks, and online fraud are eroding societal norms and the rule of law by producing illegal profits, inciting violence, and normalizing corruption. The report noted that artificial intelligence and various technologies catalyze criminal activities, enhancing the efficiency of these operations by increasing their speed, scope, and complexity. With the European Commission gearing up to introduce a new internal security policy, countries across Europe must urgently address these threats. Phishing assaults are only one aspect of AI's threat. Businesses are also in danger from employees using AI tools in the workplace without authorization. 28% of employers rank AI-generated cyber-attacks as their most significant business danger, indicating the growing threat of AI. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A chef in a kitchen preparing a fast food meal of chicken, pizza and Brands, Inc. (NYSE:YUM), together with its subsidiaries, develops, operates, and franchises quick-service restaurants worldwide. The company has been integrating AI-powered solutions across its restaurant chains to help team members manage complex tasks. Likewise, on March 18, it entered into a strategic partnership with Nvidia to accelerate the deployment of innovative AI technologies in its restaurants across the globe. Yum! Brands, Inc. (NYSE:YUM) became Nvidia's first AI restaurant partner in the integration of AI in the restaurant and retail industry. The two companies are joining forces to transform the future of dining by unlocking scalable AI applications quickly, reliably and affordably. In order to improve team member and customer experiences, the alliance will leverage the user-friendly NVIDIA NIM microservices, a NVIDIA AI Enterprise component accessible on Amazon Web Services (AWS), to optimize and generate efficiency in restaurant operations. 'NVIDIA's software makes it affordable for even the largest restaurant company to improve operations and customer experiences, proving AI can pay off at every location,' said Andrew Sun, Global Director of Retail, CPG and QSR Business Development, NVIDIA. 'Working with Yum! Brands' best-in-class Digital & Technology team and proprietary Byte by Yum! Platform to integrate NVIDIA AI software breaks barriers to AI innovation in the restaurant industry – delivering real-time, context-aware intelligence, powered by a scalable inference platform.' Overall, YUM ranks 8th on our list of high-flying AI stocks this week. While we acknowledge the potential of YUM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than YUM but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
UiPath (PATH) Launches AI-Powered Automation Cloud for U.S. Government
We recently published a list of . In this article, we are going to take a look at where UiPath Inc (NYSE:PATH) stands against other high-flying AI stocks this week. The proliferation of advanced artificial intelligence innovations and solutions is fueling the rise of cybercrime. AI-generated cyber-attacks are the new frontier keeping companies, businesses, and governments on their toes, given the speed at which they occur and how effective some of them are. Cybercriminals are focusing on individuals and companies worldwide by employing advanced methods and elusive scams that can deceive even seasoned professionals. According to a report by Cybersecurity Ventures, it is projected that the financial impact of cyber-attacks will surpass $10 trillion this year, 2025. Nearly four out of five chief internal auditors (78%) think AI would have a negative influence on data security and cyber security. In contrast, 58% think it will make fraud worse, according to a recent Chartered Institute of Internal Auditors report. The opinions of internal audit and risk management specialists around Europe are reflected in a survey of 985 chief audit executives from 17 countries. It also highlights how company executives are becoming increasingly concerned about the hazards posed by AI. Meanwhile, the law enforcement agency of the European Union is warning that artificial intelligence is significantly accelerating organized crime to the point of weakening foundational structures while additionally supporting state-backed destabilization efforts. 'Cybercrime is evolving into a digital arms race targeting governments, businesses and individuals. AI-driven attacks are becoming more precise and devastating. Some attacks show a combination of motives of profit and destabilization, as they are increasingly state-aligned and ideologically motivated,' said Europol's Executive Director Catherine De Bolle. According to the report titled EU Serious and Organized Crime Threat Assessment 2025, crimes such as drug trafficking, human smuggling, money laundering, cyber-attacks, and online fraud are eroding societal norms and the rule of law by producing illegal profits, inciting violence, and normalizing corruption. The report noted that artificial intelligence and various technologies catalyze criminal activities, enhancing the efficiency of these operations by increasing their speed, scope, and complexity. With the European Commission gearing up to introduce a new internal security policy, countries across Europe must urgently address these threats. Phishing assaults are only one aspect of AI's threat. Businesses are also in danger from employees using AI tools in the workplace without authorization. 28% of employers rank AI-generated cyber-attacks as their most significant business danger, indicating the growing threat of AI. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A symbolic representation of innovation, with a programmer working on a laptop in front of robotic arms and low code development Inc (NYSE:PATH) is a technology company that offers a platform that enables businesses to automate repetitive digital tasks and processes. The company leverages robotic process automation (RPA) and AI to streamline operations and improve efficiency. On March 19, UiPath (NYSE:PATH) launched a free 60-day trial of its FedRAMP-compliant Automation Cloud Public Sector solution for U.S. government agencies. The platform enhances efficiency and data security, offering tools like process mining, AI-powered Document Understanding, robots (attended/unattended), and low-code apps. Benefits include reduced administrative costs, better spend management, and faster document processing with machine learning. Chris Radich, Public Sector Chief Technology Officer at UiPath, emphasized the growing importance of automation, stating, 'In an era of rapidly changing policy mandates and increasing efficiency requirements, automation has moved beyond a strategic priority to become a necessity. Government agencies handle vast amounts of sensitive data, from citizen records to financial transactions, making data security and privacy paramount. UiPath is a proud strategic partner of public sector organizations and has years of experience building Automation Centers of Excellence. These initiatives have systematically eliminated millions of hours of repetitive work, which saves taxpayer money and allows talented public servants to focus on mission-critical initiatives that directly serve the American people.' Overall, PATH ranks 7th on our list of high-flying AI stocks this week. While we acknowledge the potential of PATH as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PATH but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Is Super Micro Computer (SMCI) the High Growth Cybersecurity Stock to Buy?
We recently published a list of In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against other high growth cybersecurity stocks to buy. The cybersecurity industry is experiencing unprecedented growth, fueled by increasing cyber threats, the expansion of cloud computing, and the adoption of artificial intelligence (AI) in security measures. According to Cybersecurity Ventures, global cybercrime damages are projected to reach $10.5 trillion annually by 2025, up from $3 trillion in 2015, making cybersecurity one of the most critical industries in the digital age. As cyberattacks grow in frequency and sophistication, businesses, governments, and individuals are investing heavily in security solutions to mitigate risks. The global cybersecurity market is expected to grow from $172.24 billion in 2023 to $562.72 billion by 2032, reflecting a compound annual growth rate (CAGR) of approximately 14.3%, according to a report by Fortune Business Insights. This rapid expansion is driven by increased spending across industries, particularly in sectors such as finance, healthcare, and government, where data protection is paramount. The demand for cybersecurity solutions is further accelerated by the rise of ransomware attacks. Ransomware attacks have significantly increased in recent years, with 2024 marking a record high of 5,263 incidents—the highest volume observed since 2021 according to a new report from cybersecurity consulting firm, NCC Group. Major corporations and critical infrastructure have been targeted, with some ransomware payments reaching tens of millions of dollars. For instance, Colonial Pipeline paid $4.4 million in Bitcoin after a devastating cyberattack in 2021, underscoring the necessity for robust security defenses. Cloud security spending is also seeing exponential growth. According to Gartner, global information security end-user spending is projected to total $212 billion in 2025, marking a 15.1% increase from $183.9 billion in 2024. The integration of artificial intelligence (AI) into cloud infrastructures is a significant factor contributing to increased cloud security spending. A recent survey in the 2025 Cloud & AI Index indicates that 89% of U.S. IT decision-makers plan to boost their cloud budgets in 2025, primarily to support AI workloads A severe talent shortage remains a challenge in the cybersecurity industry. According to the 2023 ISC2 Cybersecurity Workforce Study, the global cybersecurity workforce reached 5.5 million professionals, an 8.7% increase from the previous year. Despite this growth, the study identified a workforce gap of 4 million professionals needed to adequately defend organizations' critical assets. To compile a list of the 10 High Growth Cybersecurity Stocks To Buy, we first utilized a stock screener to identify companies with a market capitalization exceeding $2 billion and a minimum 20% revenue growth over the past five years. From this selection, we then narrowed down the top 10 stocks based on the level of hedge fund interest. These stocks have been ranked in according to hedge fund sentiment as of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A team of technicians in a server room, testing and managing the newest server solutions. Number of Hedge Fund Holders: 45 Super Micro Computer Inc. (NASDAQ:SMCI) is a provider of accelerated compute platforms, offering application-optimized server and storage solutions for enterprise data centers, cloud computing, AI, 5G, and edge computing. Its diverse product portfolio includes Rackmount Servers, GPU Servers, Twin Servers, and Storage Servers, catering to a wide range of computing needs. Following the resignation of its auditor, Ernst & Young, in late 2024 due to governance concerns, the company swiftly appointed BDO and initiated an internal review, which found no evidence of fraud or misconduct. With strong partnerships, including continued collaboration with NVIDIA, and a commitment to enhancing corporate governance, Super Micro Computer, Inc. (NASDAQ:SMCI) is positioning itself to capitalize on the surging AI infrastructure demand. Super Micro Computer, Inc. (NASDAQ:SMCI) continues its strong growth trajectory, reporting preliminary Q2 FY25 revenue of $5.6-$5.7 billion, marking a 54% YoY increase. The company's non-GAAP EPS is expected to land between $0.58-$0.60, reflecting 5% YoY growth, while GAAP EPS remains flat at $0.50-$0.52. CEO Charles Liang anticipates FY25 revenue in the range of $23.5-$25 billion, setting the stage for an ambitious $40 billion target in FY26. Overall, SMCI ranks 8th on our list of high growth cybersecurity stocks to buy. While we acknowledge the potential for SMCI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMCI but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. 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