article thumbnail

Combating Cybersecurity Threats With Globalization

Zinnov

Cybercrime could cost the world a staggering USD 10.5 Tn in losses in 2025, predicts Cybersecurity Ventures. The Cybersecurity Imperative for Companies. In 2020, according to Check Point, a Cybersecurity firm, new organizations became victims of ransomware every 10 seconds. Bn, compared to the current USD 217.9

article thumbnail

The Top 10 Outsourcing Trends for 2023: Stay Ahead of the Curve

Magellan Solutions

Moreover, it reduces costs and streamlines operations. 3) Smart Sourcing with AI and Machine Learning A revolutionary development uses Artificial Intelligence (AI) and Machine Learning (ML) for innovative sourcing. Businesses must outsource cybersecurity due to its growing relevance.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Rallying troops against cybercrime with QRadar SIEM

IBM Services

Cybersecurity is everyone’s business—as it should be, given the staggering surge in cyberattacks. IBM’s 2023 Cost of a Data Breach report reveals that the average cost of a data breach in India has increased to an all-time high of INR 179 million in 2023, which is approximately a 28% increase since 2020.

article thumbnail

IT Outsourcing Trends 2024 What to Expect in the Future

Groove Technology

The use of managed services not only helps businesses reduce costs but also provides them with access to specialized expertise and resources that may not be available in-house. Businesses will be able to leverage AI-powered tools and platforms to improve efficiency, reduce costs, and enhance the overall quality of their IT services.

article thumbnail

6 Benefits of Dedicated Offshore IT Services

AS White Global

From conducting business using cloud-computing platforms and developing software programs for specific needs to providing cybersecurity and employing AI for automated functions, plus a myriad of applications. Thus, an offshore staff provider can offer more sources for talent acquisition than typically available locally.

article thumbnail

How organizations can successfully measure an application health monitoring process

IBM Business Partners

This means companies especially need their software applications to perform optimally because they are often a source of competitive advantage. The number of cybersecurity incidents: IBM research finds that the global average cost of a data breach is $4.45 What is application health monitoring?

article thumbnail

Development Outstaffing Company Unlocking Growth Potential through Expert Remote Teams

Groove Technology

Talent Sourcing : The outstaffing company leverages its extensive network and recruitment expertise to identify suitable candidates matching the client's criteria. Case Study 3: Enterprise Z Enhances Operational Efficiency Enterprise Z, a large multinational corporation, aimed to optimize their operational efficiency and reduce costs.