AI market could outstrip IaaS and PaaS combined within a few years

By 2025, businesses worldwide will be spending more money on artificial intelligence (AI) than on Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) combined. This is according to a new semi-annual AI report from analyst firm IDC, which claims that the AI market will exceed $500 billion in 2025.  At the same time, IDC expects businesses to spend approximately $400 billion on IaaS …

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Business email compromise more costly than most other fraud attacks combined

Business Email Compromise (BEC), a type of cyber-fraud in which attackers use compromised email accounts to launch attacks on businesses, is growing both more popular among cybercriminals and more devastating. This is according to a new report from TradingPlatforms.com, which claims that BEC was more costly than most other frauds combined in the US last year. In 2020, the FBI’s …

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