cybersecurity

Cybercrime is up 600% during the COVID-19 pandemic. That staggering statistic from a 2021 PurpleSec report includes all forms of cybercrime, from theft or embezzlement to data hacking and destruction. The rise of cybercrime is expected to cost companies around the world $10.5 trillion annually by 2025, growing from just $3 trillion in 2015. This rapid increase […]

On May 7th 2021, the Colonial Pipeline Company announced it was the victim of ransomware cyberattacks that forced it to disable the largest petroleum pipeline in the US. The Colonial Pipeline carries 2.5 million barrels a day of gasoline, diesel, heating oil, and jet fuel on an almost  9,000 km route from Houston, Texas, to […]

We know by now that connected devices create a cybersecurity risk, yet we continue to connect devices. Big IoT hacks are widely reported, but we still demand smart buildings. Survey after survey shows that executives see cyberattacks as the biggest issue for the IoT, yet the same surveys show that the vast majority of companies […]

“The most important and urgent problems of the technology of today are no longer the satisfactions of the primary needs or of archetypal wishes, but the reparation of the evils and damages by the technology of yesterday,” said the late Hungarian-British electrical engineer and Nobel prize-winning physicist, Dennis Gabor, CBE, FRS. In our modern world, […]