Working in a competitive industry demands that you become a data-driven organization. As a technology solution provider, effectively leveraging data can unlock significant advantages, such as driving market expansion and fostering innovation. Unfortunately, all too many companies lack an analytical approach to decision-making.
Cyberattacks on Internet of Things (IoT) devices are on the rise, with 8 in 10 organizations having experienced an IoT attack. Companies in the healthcare, utilities and industrial, retail and supply chain, wearables, smart home, and connected car markets are the most at risk of an IoT breach. Some of the biggest mistakes organizations make include:
By now, most people should understand the risks of being complacent with cyber protection. Cybersecurity Ventures reports that cybercrime will cost victims US$9.5 trillion worldwide in 2024.. As enterprises continue to invest in digitization, cyber threat actors see additional devices and systems as new opportunities to enter a network. Cyber threat actors use various tactics to carry out cyberattacks, particularly social engineering attacks, phishing attacks, ransomware, distributed denial of service (DDOS) attacks, malware, etc. A successful attack not only costs a company money, but it can damage brand reputation and result in trade secrets or Intellectual Property (IP) being compromised.
Critical infrastructure is considered “critical” for good reason. Without a continuous energy supply and unhindered railway transportation, you wouldn’t be able to drive your car, and your grocery store shelves would be empty. In other words, societies would crumble fast. This overwhelming sense of doom makes for great extortion for security threat actors, making Industrial Control Systems (ICSs) a prime target. Attacks on industrial sectors saw a 140% increase in 2022, signaling a new frontier in the cybersecurity fight. To help protect your organization from falling victim to an attack, here are nine companies at the leading edge of ICS cybersecurity services.
Market research goes hand-in-hand with maximizing profits at a business enterprise. Whether you’re a vendor or an enterprise implementer of a new technology, in-depth, data-backed intelligence can safely guide your organization toward sustained success. Technology research deliverables identify potential roadblocks and lucrative revenue opportunities for organizations, while giving you a reliable partner to consult with when questions about your respective market inevitably arise. Take, for example, the technology market research case studies we recently compiled, showcasing how our forward-looking methodologies help some of our biggest clients with their digitization journeys. In this blog post, let’s review four of these case studies to give you a better idea of what kind of results you can expect from ABI Research as a technology intelligence partner.
Virtually every industrial sector is digitally transforming. As more connected devices are introduced to work environments, this exposes the Industrial Control System (ICS) to more cyber risks. The challenge is that ICS components are not suited for communication over the Internet. Making matters worse, the operating technology and software that industrial operators use don’t receive enough patches for threat protection—out of fear of downtime.
Preventing Intellectual Property (IP) theft is a growing security concern for companies. From hacktivist groups to competing firms, malicious actors increasingly aim to steal sensitive information for self-gain. Besides the financial loss that could result from intellectual property being stolen, the attack could also have a devastating effect on a firm’s brand reputation.
In the technology space, it’s vital that your organization stay on top of prevailing trends in your respective industry. This extends to keeping tabs on the competition or, if you’re seeking a solution provider, weighing your options. That’s why ABI Research released its 40 Technology Companies To Watch In 2023 whitepaper to better understand which tech firms are winning in terms of innovation and implementation of their technology products/software.
In the age of Industry 4.0 and digital transformation, the need for effective security solutions in industrial environments is made more apparent. As a result, cybersecurity spending for critical infrastructure will reach roughly US$126 billion by the end of the year, with Information Technology (IT) being the leading use case. While critical infrastructure—defense, energy, health, transport, etc.—has been the main adopter of industrial cybersecurity solutions, more sectors will begin to invest in security in an ever-connected world. There are seven areas of focus when it comes to solutions: