The Week That Was: IT and Media news week 29
Losses from cybercrime are expected to surge in the next five years, rising from USD 8.44 trillion in 2022 to approximately USD 11 trillion in 2023 and potentially reaching approximately USD 24 trillion by 2027, market research firm Statista estimates. There is an increasing demand for cybersecurity professionals. Cyberattacks on healthcare are increasing. New research shows healthcare is the third most targeted industry in 2023, ahead of finance, insurance and communications.
The focus on artificial intelligence will have an impact both on search advertising and rationality in the advertising business, forecasts and surveys show. Ad revenue growth should return to some kind of normality during the second half of the year but is still dealing with high inflation and adjustment to consumer behaviour after the pandemic, advertising giant M forecasts. WARC Media says search advertising is set for unprecedented disruption from artificial intelligence, retail media and social media. AI’s impact on the advertising business
Leading tech companies have agreed to actions meant to limit risks with artificial intelligence including making security tests and making the results public, the White House said in a statement. The statement by President Joe Biden shows seven tech companies have agreed: Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI.
Women in the European Union still earn less than men for equal jobs. The average gender pay gap in the EU is 13%. The World Economic Forum (WEF) estimates that it will take 131 years to globally reach full gender parity if improvements continue at the present modest speed. I
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