Tag: trends

What trends are driving cyber risk for North American companies?



What trends are driving cyber risk for North American companies? | Insurance Business America















Allianz Commercial head weighs in on the threat landscape

What trends are driving cyber risk for North American companies?

Generative artificial intelligence (AI), the resurgence of ransomware, an evolving regulatory environment, and a heated election year in the US are driving shifts in the cyber risk landscape for North American businesses this year.

That’s as cyber incidents remained the most significant global risk for the third year in a row, according to the 2024 Allianz Risk Barometer.

Cyber events are the top peril in 17 countries, including the US, and the second-biggest risk in Canada. Business leaders polled by Allianz were most concerned about data breaches (59%), attacks on critical infrastructure and physical assets (53%), and ransomware (53%).

“Unfortunately, I’m not surprised to see that cyber is still the highest risk on the list,” said Tresa Stephens (pictured), Allianz Commercial North America head of cyber. “It’s [no surprise] given how quickly those cyber exposures keep shifting alongside emerging developments in technology, like AI, and the regulatory landscape that must evolve to keep pace with how much we utilize technology and the new ways we use it.

“On top of that, cyber events are driven by threat actors with financial and political motives. So, in a tough economy or a challenging geopolitical or socio-political environment, you’ll see more individuals incentivized to participate in criminal activity online.”

‘Cat-and-mouse games’ – will ransomware surge continue in 2024?

The resurgence of ransomware attacks in 2023 helped stoke worries for US and Canadian organizations. Insurance claims activity linked to ransomware was up more than 50% last year compared with 2022, according to Allianz.

“Broadly speaking, I don’t think it’s likely to go away anytime soon. But we did see peaks

Top 3 Cybersecurity Trends for SME Business Leaders

As Cynet’s COO (chief operating officer), my team and I get to work closely with risk management executives at small-to-medium enterprises (SMEs) around the world. In this piece, I’ll distill insights from our collaboration into three salient trends for 2024, supported by stats and studies from across the cybersecurity practice.

These emerging patterns pertain to organizations of all shapes and sizes — but, make no mistake, the greatest effects will be felt by SMEs where lean security teams with shoestring budgets are the norm. For companies with 1,000–5,000 employees, the average cost of a data breach reached $4.87 million in 2023 — a year-over-year increase of nearly 20%, according to IBM.

I highly encourage business leaders to leverage resources like the 2024 Cybersecurity Planning Checklist for a holistic understanding of the security technologies, services and initiatives needed to manage risk in the year ahead. You can also watch an on-demand webinar as we connect our findings to actionable advice you can implement to protect your organization’s most critical operations and valuable assets.

Trend 1: SMEs Will Face Recognizable Risks at Unprecedented Scale

Executives will be challenged to boost security awareness, expertise and capability — without adding costly headcount.

The potential to bolster or bypass cybersecurity measures with artificial intelligence is far from breaking news. But don’t worry: this forecast steers clear of the canned prognostications you’ve been reading since ChatGPT became a household name.

Initially, speculation was abundant that adversaries would weaponize GenAI to invent never-before-seen malware with the click of a button. That didn’t happen. Instead, my team has observed the use of GenAI to proliferate existing threats at unprecedented scale. This trend will continue to typify automated attacks.

A parallel effect of GenAI is that rookie hackers will wreak havoc in 2024.When mainstream platforms implement guardrails to deter

North America Business Jet Market Size & Share Analysis – Growth Trends & Forecasts (2023

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North America Business Jet Market North America Business Jet Market C A G R By Body Type 2022 2028

North America Business Jet Market North America Business Jet Market C A G R By Body Type 2022 2028

North America Business Jet Market North America Business Jet Market C A G R By Body Type 2022 2028

Dublin, Jan. 25, 2024 (GLOBE NEWSWIRE) — The “North America Business Jet Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering.

The North America Business Jet Market size is estimated at USD 12.71 billion in 2023, and is expected to reach USD 14.41 billion by 2028, growing at a CAGR of 2.54% during the forecast period (2023-2028).

Key Highlights

  • The overall aircraft deliveries in the business jet sector were affected during the COVID-19 pandemic, and the growth between 2019 and 2021 decreased by 14%. The reduction in economic activities and travel restrictions affected the utilization and procurement of business jets in the region. However, as the pandemic restrictions loosened and aircraft production resumed in 2021, the business jets market in North America started to get agile.

  • The increasing number of high-net worth-individuals (HNWIs) and ultra-HNIs (UHNWIs) is driving the demand for large business jets. Regional air travel and the capability to access remote airports/locations are making light jets more attractive to customers, therefore driving their demand in the market. A strong economy and the procurement and usage of business jets by various sectors/individuals are leading to the growth of the business jet market in North America.

North America Business Jet Market Trends

  • The North American region accounted for around 66% of the global business jet deliveries in 2021, making it the biggest general aviation market globally.

  • Among all the jets, the light jet category accounted for the largest share of over 52% of the deliveries in 2021 in the

Trends and Facts on Newspapers | State of the News Media

Newspapers are a critical part of the American news landscape, but they have been hit hard as more and more Americans consume news digitally. The industry’s financial fortunes and subscriber base have been in decline since the mid-2000s, and their website audience traffic has begun to decline as well. Explore the patterns and longitudinal data of U.S. newspapers below.

Audience

In 2022, estimated total U.S. daily newspaper circulation (print and digital combined) was 20.9 million for both weekday and Sunday, down 8% and 10% respectively from 2021.


Total estimated circulation of U.S. daily newspapers

Total circulation of U.S. daily newspapers

Year Weekday Sunday Weekday (estimated) Sunday (estimated)
1940 41,132,000 32,371,000    
1945 48,384,000 39,860,000    
1946 50,928,000 43,665,000    
1947 51,673,000 45,151,000    
1948 52,285,000 46,308,000    
1949 52,846,000 46,399,000    
1950 53,829,000 46,582,000    
1951 54,018,000 46,279,000    
1952 53,951,000 46,210,000    
1953 54,472,000 45,949,000    
1954 55,072,000 46,176,000    
1955 56,147,000 46,448,000    
1956 57,102,000 47,162,000    
1957 57,805,000 47,044,000    
1958 57,418,000 46,955,000    
1959 58,300,000 47,848,000    
1960 58,882,000 47,699,000    
1961 59,261,000 48,216,000    
1962 59,849,000 48,888,000    
1963 58,905,000 46,830,000    
1964 60,412,000 48,383,000    
1965 60,358,000 48,600,000    
1966 61,397,000 49,282,000    
1967 61,561,000 49,224,000    
1968 62,535,000 49,693,000    
1969 62,060,000 49,675,000    
1970 62,108,000 49,217,000    
1971 62,231,000 49,665,000    
1972 62,510,000 50,001,000    
1973 63,147,000 51,717,000    
1974 61,877,000 51,679,000    
1975 60,655,000 51,096,000    
1976 60,977,000 51,565,000    
1977 61,495,000 52,429,000    
1978 61,990,000 53,990,000    
1979 62,223,000 54,380,000    
1980 62,202,000 54,676,000    
1981 61,431,000 55,180,000    
1982 62,487,000 56,261,000    
1983 62,645,000 56,747,000    
1984 63,340,000 57,574,000    
1985 62,766,000 58,826,000    
1986 62,502,000 58,925,000    
1987 62,826,000 60,112,000    
1988 62,695,000 61,474,000    
1989 62,649,000 62,008,000    
1990 62,328,000 62,635,000    
1991 60,687,000 62,068,000    
1992 60,164,000 62,160,000    
1993 59,812,000 62,566,000    
1994 59,305,000 62,295,000    
1995 58,193,000 61,229,000    
1996 56,983,000 60,798,000    
1997 56,728,000 60,486,000    
1998 56,182,000 60,066,000    
1999 55,979,000 59,894,000    
2000 55,773,000 59,421,000    
2001 55,578,000 59,090,000    
2002 55,186,000 58,780,000    
2003 55,185,000 58,495,000    
2004 54,626,000 57,754,000    
2005 53,345,000 55,270,000    
2006 52,329,000 53,179,000    
2007 50,742,000 51,246,000    
2008

Charlie Munger trashes 2 popular investment trends — here’s what Warren Buffett’s business partner prefers instead

'The stupidest investment I ever saw': Charlie Munger trashes 2 popular investment trends — here's what Warren Buffett's business partner prefers instead

‘The stupidest investment I ever saw’: Charlie Munger trashes 2 popular investment trends — here’s what Warren Buffett’s business partner prefers instead

Billionaire investor Charlie Munger trashed two popular investing trends in a keynote address at Zoom’s Zoomtopia 2023 conference.

The vice chairman of Berkshire Hathaway — and Warren Buffett’s right-hand man — tossed a wet blanket on the excitement around artificial intelligence (AI).

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“I think it’s getting a huge amount of hype,” Munger said during his keynote address Oct. 4, according to Fortune. “I think it’s probably getting more than it deserves.”

He didn’t stop there. The no-nonsense 99-year-old also slammed Bitcoin — and to a wider extent, cryptocurrency — as “the stupidest investment I ever saw.”

With decades of investing experience under his belt, Munger is wary of hot commodities and stocks that could boom one year and tank the next. Here’s what he likes instead.

AI stocks

First, let’s unpack Munger’s negative comments on AI and crypto.

If you look at the so-called “Magnificent Seven” — the seven largest U.S. companies by market capitalization: Apple, Microsoft, Amazon, Google, Nvidia , Tesla and Meta — they’ve all initiated immense AI projects and there’s been a huge injection of private equity into AI-focused businesses.

Many inventors see AI as the next big thing — but Munger is not on the bandwagon, noting at the conference that it has existed since the 1950s.

“We’ve always had artificial intelligence, where software creates more software,” he said. “And, of course, that’s very useful, [but] we’ve had it for a long time.”

This bold take from Munger was hardly shocking. The investor announced he was “personally skeptical” about AI at Berkshire Hathaway’s 2023 annual shareholder meeting — adding: “I think old-fashioned intelligence works pretty well.”

At the

North America Business Jet Market Size & Share Analysis – Growth Trends & Forecasts (2023

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ReportLinker

The North America Business Jet Market size is estimated at USD 12.71 billion in 2023, and is expected to reach USD 14.41 billion by 2028, growing at a CAGR of 2.54% during the forecast period (2023-2028).

New York, Aug. 09, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Business Jet Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06484519/?utm_source=GNW

Key Highlights
The overall aircraft deliveries in the business jet sector were affected during the COVID-19 pandemic, and the growth between 2019 and 2021 decreased by 14%. The reduction in economic activities and travel restrictions affected the utilization and procurement of business jets in the region. However, as the pandemic restrictions loosened and aircraft production resumed in 2021, the business jets market in North America started to get agile.
The increasing number of high-net worth-individuals (HNWIs) and ultra-HNIs (UHNWIs) is driving the demand for large business jets. Regional air travel and the capability to access remote airports/locations are making light jets more attractive to customers, therefore driving their demand in the market. A strong economy and the procurement and usage of business jets by various sectors/individuals are leading to the growth of the business jet market in North America.

North America Business Jet Market Trends

Large Jet is the largest Body Type

The North American region accounted for around 66% of the global business jet deliveries in 2021, making it the biggest general aviation market globally.
Among all the jets, the light jet category accounted for the largest share of over 52% of the deliveries in 2021 in the North American region. An increase in business travel flight hours after the pandemic generated a high demand for business jets in the region.
During the COVID-19 pandemic, the light jet

Small Business Trends and Predictions

  • Alternative funding sources are becoming more common for small businesses and may be an important option as interest rates rise.
  • Look out for more paid media placements in traditional outlets, as well as increased investment in digital marketing.
  • Human resources departments are increasingly offering more child care and mental health benefits to employees.
  • This article is for entrepreneurs who want to understand the major trends affecting small businesses in 2023.

Small businesses need to adapt to a constantly changing market. To meet the needs of your customers and stay one step ahead of the competition, it’s critical to monitor the trends that affect your business’s operations, and there’s no better time to reflect than the start of a new year. To help you do so, we connected with experts in finance, marketing, tech and human resources to find out what you should expect in the coming year and how to position your small business for success.

Experts predict that these trends will affect financing for small businesses this year.

Alternative sources of capital will fill unmet funding needs.

For many business owners, loans might not be an option, especially for businesses that incurred significant financial loss in the tumult of the past few years. In those cases, alternative sources of funding, such as alternative lenders and investors, might be vital to attaining much-needed funding.

“Alternative sources of capital will likely also play a pivotal role in keeping businesses solvent,” said Courtney Lawless, venture capitalist and co-host of the Amazon Prime series Wolf PAC. “Alternative sources would include … grants, fintech, venture capital, angel investors, peer-to-peer lending and crowdfunding, to name a few. These are important because many businesses that actually need the capital will not be able to meet the requirements of traditional funding sources.”

Small Business Trends

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Small Business Trends

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Small Business Trends

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