One of the most powerful takeaways from the report is that despite increased spending, cybersecurity is not pivoting fast enough to protect people from advanced pretexting attacks. According to Internet Crime Complaint Center (IC3) data, the median theft amount for BEC has increased to $ 50,000. The well-known gift card scam has become so commonplace that the Federal Trade Commission published guidance on how to avoid it. VentureBeat has learned of dozens of tech companies routinely attacked with pretexting as part of orchestrated social engineering attacks. We often want to help colleagues, friends and family when they request cash or other forms of financial help. Verizon’s 2023 Data Breach Investigations Report (DBIR) reflects how fast the threatscape is evolving to prey on people’s good nature. Attackers are finding new ways to dupe victims for dollars Organizations must move beyond training and act to provide a strong defense baseline. Every cybersecurity provider needs to step up efforts to improve identity, privileged access, and endpoint security to deliver the value their customers need. Attackers are capitalizing on stolen credentials, privilege misuse, human error, well-orchestrated social engineering, business email compromise (BEC) and, doubling in just a year, pretexting. Statistics from 2022 and into 2023 show the cybersecurity industry has more work to do to people-proof attack vectors. Enbridge pays its shareholders an annualized dividend of $2.76 per share, equivalent to a yield of 7.09%.Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Shares in Enbridge are up 14.5% since the start of the year. government has decided not to intervene for now, leaving the matter to be settled in courts.Įnbridge said it will not close the pipeline unless it receives an order from the court or its own regulator. The Canadian government intervened on behalf of Enbridge, saying that the shutdown threatens Canada’s energy stability and the U.S. The line is running under Lake Michigan-Huron and the State is worried that it could spill fuel into the lake. Oil and gas pipeline operator Enbridge ( ENB) has taken the third place in the list, seeing its traffic jump 4%.Įnbridge is currently in the middle of a court dispute with the State of Michigan, which ordered the company to shut its Line 5 pipeline that carries around 540,000 barrels of oil per day from Western Canada to Ontario, Michigan, and Ohio, among others. Investor disappointment was likely amplified by AT&T’s announcement that it will cut its dividend payout from an annual $15 billion to $8 billion.ĪT&T’s dividend currently yields an impressive 7% the company has been increasing its dividend every year since 1974. Indeed, AT&T shares have declined more than 8% since the deal was announced. The existing AT&T shareholders will own a large stake in the combination between Warner Media and Discovery, although the combined debt will be very high, throwing into doubt whether the company will be able to make large investments in content to compete effectively. Amazon ( AMZN) agreed to buy MGM Studios, making the competition tougher. The combined company will have a better competitive position in the ongoing streaming war with Netflix ( NFLX) and Disney+. The spun off Warner Media will then merge with lifestyle television company Discovery. The company agreed to spin off Warner Media, a collection of entertainment assets that includes HBO that it bought for $85 billion. AT&T has also undone a media deal that it made just a few years ago, as it seeks to focus its efforts on network infrastructure and 5G. Verizon pays an annual dividend of $2.50 per share, amounting to a dividend yield of 4.39%.ĪT&T ( T), Verizon’s arch competitor, is second in the list with a rise in viewership of 8%. The benefits of the divestment might surface over the long term, as this allows management to improve focus on wireless and 5G. The company’s shares are largely flat over the past 12 months, although the stock is undervalued at a price-to-earnings ratio of 12.3. Venturing into the media has not delivered Verizon the promised benefits and it is now exiting as it needs to spend more capital on its core network infrastructure business. Verizon bought AOL for $4.4 billion in 2015 and Yahoo! for $4.5 billion in 2017. The price tag was half of what Verizon paid when it acquired the companies. Verizon sold 90% of the unit, bringing in $7 billion in revenues (or 5% of total) for $4.25 billion in cash to private equity firm Apollo Global Management. Verizon was in the news after it recently shed its media unit that contained AOL and Yahoo! to focus on investments in network infrastructure as the 5G race is heating up. Telecommunications giant Verizon ( VZ) has taken the first spot in the list with an advance in viewership of 11%.
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