Growing Popularity of IoT Devices
The usage of Internet-of-Things devices is trending nowadays because of their robust reaction-time and the lesser cost they invite in processing the merits of the cloud technology. Furthermore, the solutions those devices push through their communication channels are incredible and considered by organizations comprising a varying number of workforces. However, with such growing popularity, cybercrimes are increasing continuously.
This is because cybercriminals can expose the profitable assets whose data is accessed from some industrial cloud network. In 2021, the IoT market has reached the potential of 418 billion US dollars, and we may expect it to grow to around 1.567 trillion USD by 2025.
All this is known to professional attackers primarily involved with selling the stolen data or acquiring control over the expanding operations of the businesses. With no hesitations, hackers are outwardly weaponizing the growing IoT popularity by destroying the channel nodes inviting prosperity plus the legitimate sales traffic for the organizations.
In this process, the protocols of cybersecurity maintaining and protecting the valuable data of customers have now become prominent to vulnerability.
Top 10 Cybersecurity Challenges in 2024
Cybersecurity is crucial for businesses to thrive in today’s competitive landscape. Small and medium-sized businesses (SMBs) particularly stand to benefit by safeguarding their reputation and protecting against cyber threats. With the global cybersecurity market projected to reach $170.4 billion by 2025 (according to Gartner), it’s imperative for organizations, regardless of size, to address cybersecurity challenges proactively.
Failure to tackle these challenges not only jeopardizes businesses but also impacts customers connected to their services. With 95% of cybersecurity breaches attributed to human error (Cybint), real-time solutions are essential to mitigate risks. As organizations navigate the complexities of cybersecurity, they must confront various challenges to ensure the integrity of their systems and data. By addressing these challenges head-on, businesses can mitigate the risk of data breaches and maintain trust in an increasingly digital world.