There is now a new breed of highly sophisticated cyber criminals who are attracted by the huge financial gains made possible by highly targeted ransomware attacks. Today, with IoT being adopted across a wide variety of industries, it seems that it’s only a matter of time before cyber criminals take Internet of Things (IoT) devices hostage using ransomware, potentially placing hundreds of thousands of people at risk. In this article, we examine the rising threat of ransomware, the potential impact on the IoT environment and how we can avoid a global ransomware pandemic.
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