Latest statistics show that more than 28 billion people will be connected to the Internet of Things in 2017, rising to 34 billion-plus next year. Such astronomical numbers give cyber-criminals an almost infinite number of devices – often poorly protected –to target during attacks.
Globally, authorities are beginning to urge companies to boost their cyber security initiatives, and to adopt cyber insurance. The market for cyber insurance is expected to reach US$7.5 billion in premiums by 2020, fuelled by demand from the finance industry, along with a forecast of new investments from the healthcare industry.
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