article thumbnail

The Growing Presence (and Security Risks) of IoT

Thales Cloud Protection & Licensing

That pace is unlikely to slow down over the coming years; Pagely noted that organizations are still turning to IoT devices as a way to automate and optimize their business processes as well as save on energy costs. Cyber attacks against the company aren’t the only relevant threat, however. billion in number and generate 79.4

IoT 122
article thumbnail

4 ways ransomware can cost your business (in addition to extortion)

Webroot

Our latest threat report found the average ransomware payment peaked in September 2020 at more than $230 thousand. Were a cybercriminal to compromise a trusted supplier to distribute ransomware, rather than for surveillance as in that attack, the costs could be enormous. But the ransom alone doesn’t tell the whole story.