Growing trend of Bring Your Own Device (BYOD), rising adoption of cloud computing, expanding market for Internet of Things (IoT) are expected to continue driving the cyber security market across the globe over the next five years. The global market for cyber security is projected to surpass US $137 billion by 2021. 

Recently, multiple hospitals have been in the news for being victims of ransomware attacks in which their computer systems and/or data were locked down and would only be returned if a ransom was paid. Patients and treatments were impacted and the hospitals practically came to a standstill, losing revenue and impacting their reputations. How can you be prepared for this kind of situation?

Ponemon Institute published the results of its 2016 Cost of Data Breach Study, which shows the cost of breach resolution continues to rise. The study was conducted on organizations around the world, including companies based in Australia, Brazil, Canada, France, Germany, India, Italy, Japan, Saudi Arabia, the United Arab Emirates, and the United Kingdom. 

The demand for smart city technologies shows little sign of slowing down. Cities are growing in size and population, and the need for digital tools and systems to help manage everything continues unabated. Technology spending for the global smart city market is expected to reach $27.5 billion by 2023. The technology relies largely on wireless IP networks, which have become increasingly vulnerable to hackers. No doubt smart city technologies needs to be handled smartly!