Ethical Hackers Earned $44.7 Million in 12 Months
According to data acquired by Atlas VPN, ethical hackers earned $44,754,742 million collectively from bug bounties in the last 12 months.
In total, hackers reported 60,000 valid vulnerabilities. Hackers received $979 on average per single vulnerability.
The United States remains the top payer of bounties, rewarding hackers $39,125,265 in the past year. Rewards paid by the US organizations alone account for 87% of the total amount of bounties paid.
Up next is Russia, which granted $887,236 in bounty rewards to hackers. Bonuses awarded by Russian companies make up 2% of the total bounty prizes awarded to hackers.
Organizations from the UK round out the top 3, with $559,215 paid to hackers as bounty rewards. Bounty rewards distributed by UK companies amount to a little over 1% of the total amount of bounties paid in the past 12 months.
Rachel Welch, COO of Atlas VPN, shares her thoughts on the topic: “While bug bounty programs will not solve the cybersecurity talent shortage, organizations can still benefit significantly by outsourcing ethical hackers to identify weak spots in their security measures.”
When it comes to the hackers themselves, US hackers are leading the way. Together the US hackers earned $7,204,299, which accounts for 16% of the total amount of bounty winnings distributed over the last 12 months.
Chinese hackers come in second, commanding $5,355,683. Bounty rewards received by Chinese hackers make up nearly 12% of all bounties paid in the past year.
Chinese hackers are closely followed by Indian hackers, who netted $4,401,251 in bounty winnings. Rewards collected by Indian hackers constitute close to one-tenth of the total amount of bug bounty rewards paid from May 2019 to April 2020.
Technology Companies Paid the Biggest Share of Bug Bounty Rewards
Companies in the computer software industry distributed the biggest share of bounty awards to hackers in the past 12 months. In total, such companies paid out $16,263,982 in bounty awards, which make up more than 36% of the total awards paid.
Next up is companies in the internet and online service industry, which distributed $16,079,195 in bounty rewards to hackers over the past 12 months. Bounty rewards paid by the organizations in the internet and online service sector also account for nearly 36% of the total bounties awarded in the past year.
Companies in the telecommunication industry occupy the third spot. Together, they distributed $2,497,042 in bounty rewards accounting for close to 6% of the total winnings from May 2019 to April 2020.
UK Imposed €132.7 Million of GDPR Fines, more than Germany and Italy Combined
UK Imposed €132.7 Million of GDPR Fines, more than Germany and Italy Combined
The General Data Protection Regulation (GDPR) continues causing hefty fines and penalties for businesses and organizations across European countries even two years after coming into force.
According to data presented by Buy Shares, the United Kingdom tops the list of the most expensive data breach penalties with €132.7 million in total value of GDPR fines, more than German and Italy combined.
Cumulative Value of GDPR Fines Hit €344 Million, a €119 Million Increase in 2020
The primary reason for such a high cumulative value of GDPR fines in the United Kingdom is the data breach penalty imposed by the UK’s data protection authority, ICO, to Marriott International. In November 2018, the American multinational company was fined with €110.4 million after reporting a cyber incident that exposed nearly 340 million guest records.
Last week, the ICO fined British Airways €22 million for failing to protect the personal and financial details of more than 400,000 of its customers, the second-largest GDPR fine in the United Kingdom. The penalty is considerably smaller than the €204.6 million that the ICO initially said it intended to issue back in 2019 after the Magecart group used card skimming to collect the personal and payment information of British Airways` customers.
Far below the United Kingdom, Germany ranked as the second-leading country in Europe with €61.6 million in the cumulative value of GDPR fines, revealed the GDPR Enforcement Tracker data. On October 1st, 2020, H&M Hennes & Mauritz Online Shop was fined with €35.2 million for the insufficient legal basis for data processing, the severest GDPR penalty in the country.
Italian data protection authority (Garante) imposed €57.3 million worth of GDPR fines so far, ranking in third place among European countries. On January 15th, 2020, telecommunications operator TIM was fined €27.8 million for unlawful data processing, non-compliant aggressive marketing strategy, and invalid collection of consents, the steepest penalty in Italy.
France ranked fourth among the European countries with €51.3 million worth of GDPR fines. Austria, Sweden, and Spain follow, with, €18 million, €7million, and €3.9 million, respectively.
Statistics indicate the cumulative value of GDPR fines and penalties hit over €344 million in October, with almost €119 million worth of new fines imposed in 2020.
Top Five GDPR Penalties Account for 70% of Cumulative Fine Value
Behind Marriott’s €110.4 million worth GDPR fine, Google holds second place on the list of the highest data breach penalties. The US tech giant was fined €50 million by France’s data protection regulator, CNIL, for not providing enough information to users about its data consent policies and control in using their data.
H&M Hennes & Mauritz Online Shop ranked third on this list with €35.2 million worth GDPR fine. Italian telecommunications operator TIM and British Airways round the top five list with €27.8 million and €22 million, respectively.
Statistics show the five biggest data breach penalties cost more than €245 million, or 70% of cumulative GDPR fine value.
Japan Accounts for 22% Mobile Game Revenue Share Globally from Q1 to Q3 2020
Japan Mobile Game Revenue Accounts for 22% of Global Revenue in the First Three Quarters
According to the research data analyzed and published by Safe Betting, Japan accounted for 22% of worldwide mobile game revenue during the first nine months of 2020. Between 2014 and 2018, it was the top country globally in terms of mobile game revenue. However, in 2019, the US took over and is still in the lead in 2020.
Based on a report from Statista, revenue from mobile games in Japan is projected to reach $6.85 billion in 2020. While revenue is expected to grow at 4.9% year-over-year (YoY), the number of gamers is set to rise by 5.9% to 34.4 million.
Japanese Publishers Make Up 25% of the Top 20 Revenue Generating Game Publishers Worldwide
During the first nine months of 2020, two of the top 10 publishers worldwide in terms of revenue generation came from Japan. These were Bandai Namco, generating $1.5 billion, and Square Enix with 1.2 billion.
Other Japanese giants were featured among the top 20 grossing mobile game publishers included Sony, Konami and Mixi. They accounted for 25% of the top 20 grossers globally. Japanese publishers were particularly popular at home. In fact, eight of the top 10 revenue generating games from January 1, 2016 to September 30, 2020 came from these publishers.
From Q1 to Q3 2020, the US was the leading country globally in terms of mobile game revenue. It accounted for a 28% share. China was third behind Japan with an 18% market share while South Korea was fourth with 6%.
In terms of international performance, China is taking the limelight with titles like PUBG Mobile. According to Sensor Tower, PUBG Mobile was the top grossing title globally raking in $1.3 billion in H1 2020. The US is, however, expected to maintain its lead up to the end of the year. According to Statista, mobile game revenue in the US is projected to reach $10.73 billion in 2020.
Again, IBM Revenue Plunges for Third Consecutive Quarter
IBM Revenue Declined for a Third Straight Quarter in the Third Second Quarter
IBM revenue plunged for a third-straight quarter in the period ended September 30, 2020, according to the latest financial results of the company.
The company’s revenue declined by 2.6 percent year-on-year to $17.6 billion in the quarter, while revenue from IBM Global Business Service declined by 5 percent to $4 billion with Global Technology Services unit recording a 4 percent decline in revenue to $6.5 billion.
Again, the Systems segment that includes mainframe hardware and software experienced a 15 percent decline in revenue to $1.3 billion. The company’s global financing revenue plunged by 20 percent to $273 million.
However, revenue from Cloud and Cognitive Software segment that includes Red Hat rose by 7 percent to $5.6 billion.
“The strong performance of our cloud business, led by Red Hat, underscores the growing client adoption of our open hybrid cloud platform,” IBM CEO Arvind Krishna said in a statement. “Separating the managed infrastructure services business creates a market-leading standalone company and further sharpens our focus on IBM’s open hybrid cloud platform and AI capabilities. This will accelerate our growth strategy and better position IBM to seize the $1 trillion hybrid cloud opportunity.”
The decline in earnings was in line with the company’s pre-announcement that COVID-19 would impact its overall performance this year.
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