Welcome to our dedicated page for Verizon Comms news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Comms stock.
Verizon Communications Inc. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
Verizon Frontline and NOAA have partnered to enhance disaster response research by utilizing uncrewed aircraft systems to gather imagery of storm damage. This collaboration aims to improve severe weather warnings and post-storm damage assessments. Verizon will provide UAS assets and network capabilities to support NOAA's research efforts.
Cummins and Verizon Business have announced a groundbreaking deal for a Neutral Host Network and Private 5G network at Cummins' Jamestown Engine Plant. This partnership aims to enhance operations and connectivity for employees and visitors at the plant, providing both public and private network solutions. Verizon acts as the technical lead for network implementation, with Ericsson as the platform provider. The network will cover 1 million square feet of industrial and outdoor space, serving 1,500 employees producing 500 heavy-duty truck engines daily. The network will support various industrial use cases, such as autonomous mobile robots, computer vision, AR/VR, and machine health monitoring.
Verizon Business will be showcasing cybersecurity strategies and solutions at RSA 2024, emphasizing the importance of data protection. The 2024 Data Breach Investigations Report reveals a significant increase in vulnerability exploitation and stolen credentials. The report aims to educate businesses on current cyber threats and the need for robust cybersecurity measures.
Verizon is ready for the 2024 hurricane season with robust planning and network upgrades. The company ensures connectivity for communities and first responders during extreme weather events. With a focus on network resilience and preparedness, Verizon's Response Team, Frontline Crisis Response Team, and Verizon Business offer solutions to maintain operations during emergencies. The company also supports its employees through initiatives like the VtoV Employee Relief Fund.
The 2024 Data Breach Investigations Report by Verizon Business reveals a surge in vulnerability exploitation, with incidents doubling from 2022 to 2023. Ransomware and extortion techniques accounted for a third of breaches, while breaches involving human error remained high. The report highlights the increasing threat of zero-day vulnerabilities and the slow patching of critical vulnerabilities. It also emphasizes the importance of employee education in cybersecurity and the rise of third-party breaches. Overall, the findings stress the need for proactive cybersecurity measures and a shift in cybersecurity culture.
Verizon Business released its 17th annual Data Breach Investigations Report (DBIR) analyzing 8,302 security incidents in EMEA, with 6,005 confirmed breaches. 49% of breaches in EMEA are internal. Most breaches globally involve non-malicious human actions. Zero-day vulnerabilities are a persistent threat. Organizations take an average of 55 days to patch 50% of critical vulnerabilities. AI adoption is less concerning than failure to patch basic vulnerabilities. 32% of breaches involve extortion techniques, and stolen credentials appear in 31% of breaches over the past decade.
Verizon donates $20,000 to the American Red Cross for disaster relief efforts in Oklahoma. The donation aims to support communities affected by severe storms and tornadoes in Southern and Central Oklahoma. Verizon's commitment to aiding in relief efforts showcases its dedication to keeping communities connected during emergencies.
Verizon Business, in partnership with Nokia, is hosting the first Innovation Session of 2024 in Chicago to showcase cutting-edge technologies like 5G. The event aims to demonstrate the transformative impact of these technologies on business growth.
Verizon partners with Latina-owned small business Hija de tu Madre for exclusive Mother’s Day merch. Starting May 7, customers can get a -edition Mother’s Day mercado bag designed by Hija de tu Madre at select Verizon stores. The collaboration celebrates Mother’s Day and the importance of small businesses in vibrant communities. Gift with purchase available at participating stores for a time.
Houston Dynamo Football Club and Verizon have extended their partnership agreement through the 2024 season. Verizon will continue as the official 5G partner for both the Houston Dash and Houston Dynamo FC. The partnership includes unique fan experiences and activations, Fan Appreciation Weekend, a pre-game festival for Hispanic Heritage Night, and featuring Verizon on the training tops for both teams. Verizon aims to enhance fan experiences and strengthen community connections through this collaboration.