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USD 24.90 billion by 2028, exhibiting a CAGR of 13.7% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “ Identity Theft Protection Services Market, 2021-2028”. As per the report, the value of the market stood at USD 8.94 billion in 2020. Market Segmentation We have categorized the market on the basis of type, application, and geography. In terms of type, the market is divided into credit card fraud, bank fraud, phone or utility fraud, and employment or tax-related fraud. Based on application, it is fragmented into consumer and enter...

IBM names services business spin-off Kyndryl Name claimed to be a portmanteau of kinship and tendril. Credit: IBM IBM has revealed the name of its US$19 billion managed services business to be Kyndryl ahead of its separation from Big Blue at the end of 2021.  The vendor claimed the name was a portmanteau of ‘kin’ in kinship and ‘dril’ from tendril, which it says represents growth and “advancing human progress”. Moving away from the provisional name of NewCo, CEO Martin Schroeter claimed the new branding “evokes the spirit of true partnership and growth".  "Custo...

But the new name choice for the standalone unit has raised some eyebrows in the IT industry. IBM says that the "kyn" part of the name comes from the word "kinship", whereas "dryl" stems from "tendril", which the Cambridge Dictionary defines as "a thin, stem-like part of a climbing plant that holds on to walls or plants for support". Big Blue says the name represents its belief that relationships with people are the centre of its strategy and that the "dryl" part of the name should conjure images of new growth and working with partners and customers to "advance human progress".

Lumen Technologies (NYSE:LUMN) are high-yield stocks worth a look right now. Here's why. The new IBM is all about the cloud (IBM): Storied tech-giant IBM has languished for years. Over the last decade, shares are down 18% -- massively underperforming the S&P 500's over 200% return in that span of time. Even a big dividend payment, currently yielding 4.9% a year, was little more than a consolation prize. But I think now's the time to pay IBM some attention again. The company purchased cloud-computing company Red Hat back in 2019 to supercharge its efforts in this fast-growing arena, laying t...

To embed, copy and paste the code into your website or blog: Major mergers and spin-offs by IT service providers are rare, but when they occur (e.g., Xerox’s acquisition of ACS in 2010 and Atos’ subsequent acquisition in 2014, HPE’s 2017 spin-off of its Enterprise Services business and merger with CSC in the form of DXC), pause and consider your options. These are major corporate events that generally redirect a supplier’s focus and internal attention on change management, creating a new business model and developing a corporate culture—not easy stuff and in some cases can have a di...