The advances in IoT have led to an increase in wearable devices, with US households having 22 connected devices on average in 2021. The global market size for wearable devices is expected to increase to around USD 380.5 billion by 2028 from USD 115.8 billion in 2021. Although they come with many benefits, like convenient hands-free control and fitness tracking, the tradeoff in using these devices is their vulnerability to cyberattacks.
The trend of working from anywhere has accelerated due to the pandemic, resulting in employees using their mobile devices as the primary communication channel. Though mobile devices provide a flexible and more convenient form of communication, they also increase the risk to data security.
Globally, organisations constantly make strategies to use their resources judiciously and achieve overall sustainability. This careful resource management extends to their cybersecurity efforts too. After all, there are hundreds, if not thousands, of cyber-threats organisations can face on a yearly basis.
The pharma industry relies heavily on patents and intellectual property for creating and licensing new vaccines. Additionally, they possess patients’ real-time data and other sensitive information, making them a big target for cybercriminals. Patient records are some of the highest-selling items on the dark web as the beneficiaries are provided with a trove of data that is difficult to trace.
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