Ransomware Attacks Increase and Demand Bigger Payouts

An increasing number of cities, hospitals and businesses are being attacked by ransomware, by which bad actors shut down the victim’s computer network until a ransom is paid. Up until now, these attacks have been hard to measure since many of those impacted quietly paid the ransom without notifying any authorities. Security firm Emsisoft just reported a 41 percent increase in ransomware attacks between 2018 and 2019, with 205,280 businesses and other groups submitting evidence of such intrusions in 2019. Continue reading Ransomware Attacks Increase and Demand Bigger Payouts

Municipalities Increasingly Targeted for Ransomware Attacks

Cyber criminals recently hacked the municipal computers of Rockport, Maine, demanding $1,200 in Bitcoin to unlock them. That’s just one example of a surge of ransomware aimed at municipal computer systems, both large and small, including the city of Atlanta and a St. Louis library system. According to Ponemon Institute, an information systems research firm, these kinds of public sector hacks are increasing faster than those on private ones. City officials are often unprepared to deal with the consequences. Continue reading Municipalities Increasingly Targeted for Ransomware Attacks

Internet of Things Moves From Hype to Huge Potential Value

With over 10 billion interconnected smart devices, the Internet of Things is rapidly moving from hype to reality. Over the next ten years, the number of interconnected smart devices is expected to explode to tens of billions, and continue an upward trajectory for decades to come. What does this mean in terms of economic value of the IoT? With the seemingly limitless potential of monetizing interconnected devices, McKinsey & Co. tackled that topic, made more complex since the Internet of Things is still in its nascent stages. Continue reading Internet of Things Moves From Hype to Huge Potential Value