California CPA November 2024 | Page 6

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news & trends
When you ask adults what they wish they learned in school but didn ’ t , it usually involves topics like understanding how money works . Most teens today would like access to this kind of information , but many may not be getting it .

Breaches Cost Bucks

As data breaches seem to be increasing , a recent IBM survey found :
80 % of organizations surveyed have been hit by ransomware .
47 % of U . S . businesses have suffered significant revenue loss due to a data security incident .
30 % of survey respondents ’ data could not be recovered after a ransomware attack .
– IBM
– Tim Greinert , President , Junior Achievement USA the numbers

73 %

The number of HR professionals who trust AI to make candidate recommendations .
– HireVue

5 in 10

The number of employees who said they were managed in the style they preferred .
– American Management Association

79 %

The number of Americans who believe the Social Security system needs to change .
– Nationwide Retirement Institute

62,318

The number of accounting degree completions in 2021-22 , down 17 % from 2017-18 .
– Integrated Postsecondary Education Data System

$ 2.7T

The amount Americans owe on their auto loans .
– Wallet Hub

$ 4.9M

The global average cost of a data breach , a 10 % increase from 2023 .
– IBM
4 CALIFORNIA CPA NOVEMBER 2024 www . calcpa . org