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Showing posts with label IBM. Show all posts

IBM announces 1000 STEM internship opportunities for students


Petrarch once said, "Sameness is the mother of disgust, variety the cure". And we as a society believe quite strongly in diversity, it is the core of our harmonious existence; even research proves that diverse companies produce 19% more revenue. Most companies today give considerable weightage to being diverse and inclusive, one of them being IBM.

IBM, a highly innovative and research-focused company has always been inclusive in its approach with its ingenious programs like "creating new pathways to science, technology, engineering and math careers with Pathways in Technology Early College High School also known as P-TECH".

 "The fight against racism and racial inequality is as urgent as ever. Despite much progress since the Civil Rights movement, Black people are still significantly affected by poverty, unemployment, segregated housing, and other injustices in the United States.", they wrote on their website.

And with the same thought, IBM has announced to provide 1000 internships for the United States P-TECH students instead of the 150 they used to earlier.

"At IBM, one way we are taking action in advocating for social justice and racial equality is by advancing education, skills, and jobs. Today, as part of our ongoing efforts, we are pleased to announce the creation of 1,000 paid internships for P-TECH students in the United States from now until December 31, 2021. This commitment is a 10x incremental increase from our most recent internship goals." announced the company.

P-TECH is a unique program by IBM, where students from grade 9-11 are prepared with STEM training, mentorship, and work experience. The students earn a high school diploma, a two-year associate degree and work experience, and ample opportunities to enter the tech field. STEM, a science, technology, engineering, and mathematics field has lead the global innovation bar but it is also a field where still minorities are much unrepresented and IBM steps to endeavor this issue with their 1000 free internships program.

 "We aspire to create more open and equitable pathways to employment for all regardless of background. It’s about generating the skills and training that lead to good jobs. We will continue the fight to bring new faces to the tech industry that truly reflect the demographics of our communities.", IBM writes on P-TECH programs announcing the new internship opportunities.

Researchers found Third-Party costs the Healthcare Industry $23.7 Billion a Year






The average cost of a data breach has increased to 12% over the past five years to US$3.92 million, according to a report sponsored by tech giant IBM.

The report released by Censinet and the Ponemon Institute which was funded by IBM, conducted research on more than 500 companies around the world that suffered a breach over the past year.

According to the report, 72 percent of respondents believe that the increasing dependence on third party medical devices to the network is most risky, while 68 percent say connecting medical devices to the internet increases the risk of cyberattack. 

“This research confirms that healthcare providers require a better, more cost-effective approach to third-party risk management,” said Ed Gaudet, CEO, and founder of Censinet. “The adoption of technology in healthcare is more rapid and complicated than ever before. As an industry, we must help providers safely enable cloud applications and medical devices optimized to deliver the quality of care hospitals and their patients expect.”

In India, on an average, 35,636 records were compromised in a data breach, and cost ₹12.8 crore to organizations from July 2018 and April 2019,


“It’s clear that healthcare providers are in a tough spot. The number of vendors they rely on is increasing at the same time the threats those vendors pose are escalating in frequency and severity, so it’s easy to see how managing these risks has become an overwhelming problem,” said Dr. Ponemon, chairman and founder of the Ponemon Institute. “But it’s not all bad news – we can very clearly see an opportunity with automation for healthcare providers to monitor, measure, and mitigate the scourge of third-party breaches that continues to plague their industry.”

Cybercriminal Gang behind $100million theft busted









An international cybercrime network that used Russian malware to steal $100 million from tens of thousands of victims have been busted by the joint operation of Unites States and European police.  

The gang used an extremely powerful GozNym banking malware to infect the computers which allowed them to steal the user’s bank login details, it involves "more than 41,000 victims, primarily businesses and their financial institutions," Europol said. 

The malware GozNym is a combination of two other malware — Gozi and Nymaim. According to the IBM X-Force Research team the malware took the most powerful elements of each one. “From the Nymaim malware, it leverages the dropper’s stealth and persistence; the Gozi parts add the banking Trojan’s capabilities to facilitate fraud via infected internet browsers,” the team said, adding: “The end result is a new banking Trojan in the wild.”

The prosecutions have been launched against the gang in Georgia, Moldova, Ukraine and the United States. While five Russians charged in the US remain on the run, the EU police agency Europol said.

Alexander Konovolov, 35, of Tbilisi, Georgia, is a prime accused and the leader of the network, and  is currently being prosecuted in Georgia.


Police in Germany and Bulgaria were also involved.

Hewlett Packard Enterprise and IBM Networks Breached by China; Clients Targeted




In order to gain access to the clients' computer, hackers of the China's Ministry of State Security breached the networks of Hewlett Packard Enterprise and IBM.

Being a part of the Chinese campaign Cloudhopper, the attacks tainted technology service providers in order to steal secrets from their clients. While the International Business Machines Corp said it had no proof regarding the sensitive corporate data being co promised, Hewlett Packard Enterprises (HPE) simply chose not to comment on the campaign.

Albeit multiple warnings were issued by numerous administration organizations in addition to many cybersecurity firms about the Cloudhopper danger since 2017, the identity of  the technology companies whose networks were imperilled has still not being revealed yet.

As indicated by a U.S. federal indictment of two Chinese nationals unsealed on the 20th of December, Cloudhopper was for the most part centered on targeting the MSPs in order to easily access the client networks and stealing corporate secrets from organizations around the world.

While both IBM and HPE refused to comment on the explicit claims made by the sources, however they did give a statement each,

"IBM has been aware of the reported attacks and already has taken extensive counter-measures worldwide as part of our continuous efforts to protect the company and our clients against constantly evolving threats. We take responsible stewardship of client data very seriously, and have no evidence that sensitive IBM or client data has been compromised by this threat."

HPE said,"The security of HPE customer data is our top priority. We are unable to comment on the specific details described in the indictment, but HPE's managed services provider business moved to DXC Technology in connection with HPE's divestiture of its Enterprise Services business in 2017." 

Reuters was neither able affirm the names of other breached technology firms nor recognize any affected users.

Cloudhopper, which has been focusing on technology services providers for quite a long while, is known to have been penetrated the systems of HPE and IBM on numerous occasions in breaches that have gone on for a considerable length of time.

While IBM examined an attack as of late as this mid-year, HPE was not far behind as it directed a huge breach investigation in mid-2017.