Businesses warned of footing bills of up to $5m per data breach
Businesses across the globe have been told that the average cost of a data breach could reach US$5 million in 2023, potentially leaving millions of SMEs out of pocket if the worst happens. The warning has come as threats from phishing and malicious emails increased by 60% in the second half of 2...
January 17
Public cloud revenues to cross half-Trillion Dollar mark for the first time
Global public cloud revenues are set to grow to US$525.6 billion in 2023, passing the half-trillion Dollar mark for the first time. The figure represents a CAGR of 26% on 2022, with infrastructure-as-a-Service (IaaS) appearing as the fastest-growing segment as revenues are forecasted to jump by 35% YoY, according to Trading Platforms. Public cloud revenues nearly doubled...
January 17
Stonepeak pays $2.4bn for 911 digital infrastructure backbone
Alternative investment group Stonepeak and technology player Intrado Corporation have entered into a definitive agreement whereby investment funds advised by Stonepeak will acquire Intrado’s Safety business, a provider of critical public emergency telecommunications services and digital infrastructure, for US$2.4 billion. Digital Workflows, part of the Life & Safety s...
September 19
Sophos to open data centres in Latin America and South Asia
Cybersecurity firm Sophos said it will open data centres in Mumbai, India, and São Paulo, Brazil, in March and May, respectively. The new facilities are planned to enable organisations in these regions to meet strict data sovereignty laws and regulations, which are increasingly required for those in banking, government and other tightly regulated market sectors. The inv...
February 09
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