Increasing cybersecurity incidents highlight industry's vulnerability 

Increasing cybersecurity incidents highlight industry's vulnerability

technology

The rising number of cybersecurity incidents emphasizes the global industry's susceptibility. Recent attacks include data breaches affecting 10 billion passwords [18], significant ransomware attacks on healthcare systems [17], and the critical exposure of vulnerabilities in Intel CPUs, OpenSSH, and Cisco equipment [53]. The severe impact of these breaches has led to increased expenditure on cybersecurity infrastructure, projected to reach $215 billion in 2024 [39]. The push for advanced AI and blockchain technologies to bolster defenses and the growing need for secure blockchain operations reflect heightened industry efforts to address these threats [47]. Increasing scrutiny by governmental bodies and advancements in cybersecurity technologies point towards enhanced measures for mitigating risks [1], [36].

Helium Trades     Jul 12, 2024