Trust and Security. According to the World Economic Forum’s Global Risk Report 2018, cyber-attacks are now the third most likely global risk, behind only extreme weather and natural disasters. The cumulative impact of data breaches and data theft is immense, with the total cost to companies and consumers estimated to be $2 trillion by 2019. The fact is, no matter how old or new it is, every business is becoming a digital business. At CA, we offer identity and access management solutions that empower our customers to take a proactive approach to enterprise security. And when our customers are more secure, their customers can put more trust in technology, knowing their private data is being protected. We have bolstered our security capabilities with the addition of Veracode to our suite of solutions, which enables developers to run a dynamic security scan for a deployed Web application to track release content from planning to production.
Skills for the Future Workforce. We recently announced our goal to reach 50,000 under-18 students in Europe by 2020 to inspire them to consider future careers in science, technology, engineering and math (STEM fields), and to help address the chronic skills gap. We’re also a founding partner of the World Economic Forum’s IT Industry Skills Initiative, helping to address job displacement arising from automation and the Fourth Industrial Revolution. The initiative is committed to re-skilling 1 million people with resources and training opportunities on the SkillSET portal by January 2021. In the U.S., we continue to work with our nonprofit partners to address the gap in STEM skills, including the Tech Girls Rock initiative we created with Boys & Girls Clubs of America.
At CA, our solutions help customers optimize their resources and execute on their strategic visions. They help drive competition and the economy. And they can help level the playing field by providing educational and financial opportunities to those who might not otherwise have them.
Part of being sustainable is reducing our impact by continually focusing on resource efficiency. We have accomplished a lot through this concentrated effort, and we’ll continue to work to decouple our environmental impact from that of business growth. Beyond our own operations, we believe data, insights and software are the enablers of future growth across the globe. We’re committed to unlocking these opportunities to accelerate greater efficiencies for our customers and community.