Cisco Systems, Inc. - CSCO STOCK NEWS

Cisco has announced new risk-based capabilities in its security portfolio, enhancing protection for hybrid work and multi-cloud environments. The Risk-Based Authentication feature allows for user-friendly security, while the Business Risk Observability application offers a comprehensive view of application security. Initial insights from the Cybersecurity Readiness Index reveal a need for improved identity, network, and application security. The index showed that only 20% of organizations are in a mature state for identity protection, highlighting significant gaps in cybersecurity readiness.

Cisco has announced a significant initiative aiming to train 10 million individuals in digital and cybersecurity skills over the next 10 years in the EMEA region. This effort is part of Cisco's broader goal to empower 25 million people globally through its Networking Academy, which has already educated 17.5 million students in 190 countries. A key partnership with Randstad targets the upskilling of 300,000 people, focusing on essential tech skills. The program highlights the urgent need for digital skills in the workforce as millions of jobs evolve alongside technological advancements.

Cisco has announced a conference call scheduled for February 15, 2023, at 1:30 PM PT to discuss its Q2 FY2023 financial results for the period ending January 28, 2023. Financial results will be released via PR Newswire after the market closes on the same day. Investors can access the earnings release on Cisco's newsroom webpage. The conference call will be available via telephone and online, with a playback option starting at 4:00 PM PT on February 15, 2023. Cisco is recognized as a leader in technology that powers the Internet, focusing on innovation and security.

Cisco emphasizes its commitment to responsible technology development in its 2022 Purpose Report. The report highlights the importance of trust, privacy, and inclusion in product design. Cisco's initiative includes enhancing the Webex platform by using diverse training data to improve virtual backgrounds, ensuring a better user experience. The company has launched a Responsible AI Framework centered on six principles: Transparency, Fairness, Accountability, Privacy, Security, and Reliability. This framework aims to evaluate new technologies while maintaining adherence to these principles, focusing on human rights and ethical standards.

Cisco (NASDAQ: CSCO) announced significant advancements in hybrid work solutions at Integrated Systems Europe (ISE) 2023, including a partnership with Microsoft to run Microsoft Teams natively on Cisco devices. The Cisco Table Microphone Pro, featuring spatial audio and robust noise cancellation, enhances audio quality for remote meetings. Enhanced interoperability with third-party audio systems allows seamless integration with existing devices. Cisco's solutions aim to improve hybrid work experiences, offering flexibility and security for IT management. Certification for Microsoft Teams support is expected in March 2023.

Cisco Systems emphasizes its commitment to community volunteering in Australia through various initiatives led by employees. The company has been actively involved in supporting local domestic violence shelters, food repurposing for the homeless, and educational outreach regarding robotics in schools. Cisco's CX Centre received recognition for its efforts in rural education, while team members participated in numerous volunteering activities, including cooking meals for the homeless and assisting community charities. The collaboration with organizations like Our Big Kitchen and Gift of Bread highlights Cisco’s role in addressing social issues and fostering teamwork among employees.

Cisco's 2023 Data Privacy Benchmark Study reveals a growing gap between consumer expectations and organizational practices regarding data privacy, particularly in AI applications. Conducted among 3,100 security professionals across 26 regions, the study shows that organizations' investment in privacy has surged, from $1.2 million three years ago to $2.7 million this year, yielding a 1.8x return on investment. Yet, 92% of respondents feel that more needs to be done to reassure customers about their data. Compliance remains a priority for organizations, while transparency is key for consumers, highlighting the need for improved trust-building strategies in a challenging economic environment.

Cisco Systems emphasizes its commitment to human rights and ethical sourcing within its supply chain, aligning with the United Nations guidelines. This initiative is highlighted through efforts by employees like Gordon Buckle, who successfully addressed a human rights violation with a supplier. Cisco's Champions of Sustainability program recognizes employees advancing sustainable practices. The company aims to create better outcomes for workers while addressing climate change and social justice. This focus aligns with Cisco's larger goal of powering an inclusive future for all.