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Growing Cyber Threats Drive Need for Advanced Security Defenses
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The majority of C-Suite executives and policy makers in the United States believe investing in security software, infrastructure and emerging technologies is critical to protecting U.S. data from growing cybersecurity risks, according to a newly released survey.
Asked what would make the U.S. government better equipped to secure data, 51 percent of C-Suite executives and 62 percent of policy makers cite investing in IT/security infrastructure; 59 percent of the C-Suite and 60 percent of policy makers cite investing in security software. When it comes to their own security investments over the next 24 months, 44 percent of C-Suite executives and 33 percent of policy makers plan to purchase new software with enhanced security; and 37 percent and 25 percent, respectively, plan to invest in new infrastructure solutions to improve security.
The report, “Security in the Age of AI” detailing the views and actions of C-Suite executives, policy makers and the general public related to cybersecurity and data protection, was released today by Oracle.
In addition, both C-Suite executives and policy makers rank “human error” as the top cybersecurity risk for their organizations. However, in the next two years, they are choosing to invest more in people—via training and hiring—than in technology, such as new types of software, infrastructure, and artificial intelligence (AI) and machine learning (ML), which is essential to advancing security and significantly minimizing human error. Only 38 percent of C-Suite executives and 26 percent of policy makers plan to invest in AI and ML to improve security in the next 24 months.
“We are at a critical juncture in our cybersecurity journey, as more decision makers in the public and private sector recognize the benefits of investing in next-generation technology designed for security to make progress on addressing previously intractable threats, instead of relying solely on people or legacy technology,” said Edward Screven, Chief Corporate Architect at Oracle. “That said, there is a delta between what C-Suite executives and policy makers think is best for America’s cyber future and the actions they are taking for their own organizations, indicating a greater need for business and government to understand how and why next generation technologies are so critical for their own cyber defenses.”
Queried about what their organization has done over the past five years to improve security, both C-Suite executives and policy makers said they had upgraded existing software (60 percent and 52 percent respectively) and trained existing staff (57 percent and 50 percent respectively). Just over half (54 percent) of C-Suite executives and 41 percent of policy makers have purchased new software with enhanced security features, with 40 percent of C-Suite executives and 27 percent of policy makers having invested in new infrastructure solutions.
Technology Industry Faces Great Threats and Responsibilities
As for what they perceived to be the greatest security threat to the technology industry, attacks by foreign governments was ranked highest by respondents (C-Suite 30 percent; policy makers 37 percent). Seventy-eight percent of C-Suite executives, 75 percent of policy makers and 64 percent of the general public believe the technology industry is well equipped to protect data. Additionally, 79 percent of C-Suite executives and policy makers, and 64 percent of the general public trust the technology industry to behave responsibly and in the best interests of the American public, as it relates to data security. Interestingly, only one in three C-Suite executives (34 percent) and policy makers (32 percent) think it is the government’s responsibility to protect consumer data, highlighting the critical role that the technology sector has to play in keeping U.S. data protected.
“While the government has an important role to play in keeping America’s data safe, today’s increasingly dangerous cybersecurity landscape means it can’t be expected to out-innovate attackers on its own. That’s our job,” said Screven. “The U.S. government and businesses will need to rely on the technology sector more to advance the nation’s cyber defense. We can build data centers, hire talent and secure data at scale more efficiently than any one individual customer can.”
Artificial Intelligence and Its Impact on Security
Only 33 percent of C-Suite executives and 20 percent of policy makers adopt and implement AI and ML to its fullest potential, yet they strongly believe autonomous technologies powered by AI and ML will improve the way they protect and defend against security threats.
“For the past several years, our R&D efforts have been focused on ways to out-innovate the most sophisticated security threats we could imagine. That’s why Oracle Cloud Infrastructure was rebuilt with separation between application and security processing and designed to run the Oracle Autonomous Database. The Oracle Autonomous Database uses AI to deliver the world’s first and only self-driving, self-securing and self-repairing database that repairs, patches and updates itself,” Screven added. “These and other Oracle cloud security technologies based on machine learning can become the cornerstone of an organization’s cybersecurity defense strategy.”
In addition to benefiting the state of data security in the U.S., the majority of C-Suite executives (88 percent), policy makers (89 percent) and the general public (77 percent) believe autonomous technologies will also positively impact the U.S. economy, with “increased productivity” cited as the top benefit.
Download and learn more about Oracle’s Security in the Age of AI report.
SOURCE Oracle
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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