Increasing Cybersecurity Breaches Result in Higher Consumer Prices, IBM Report Reveals

Published on July 30, 2024

The financial impact of data breaches on organizations worldwide continues to grow, a new report by International Business Machines (IBM) highlighted this week. Companies have increasingly passed these costs onto their customers, with more than half of the surveyed organizations indicating they have raised prices as a result, according to the report. Conducted by the Ponemon Institute and sponsored by IBM, the 2024 “Cost of a Data Breach Report” indicates a 10 percent surge in the global average cost of a data breach, now reaching $4.88 million per incident. This marks the highest increase since the pandemic, the report found, underscoring a growing challenge businesses face in protecting their information....

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More Than 100 Homes Have Gas Shut Off Due to Landslide in Ranchos Palos Verdes

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Report Finds US Military Lacks Ability to Defeat China, Suggests Cold War Style Defense Spending

July 30, 2024
A new congressional report suggests that the U.S. military lacks the required capabilities to preserve the nation’s strategic interests and could lose a potential war against China.The report, published on July 30 by the Commission on the National Defense Strategy, found that “the U.S. military lacks both the capabilities and the capacity required to be confident it can deter and prevail in combat