“Rising Adoption of IoT Devices Across Industries”
- The increasing prevalence of ransomware attacks, including triple extortion and RaaS models, is significantly contributing to the demand for protection solutions.
- Industries like healthcare and BFSI face heightened risks due to sensitive data, with ransomware attacks costing an average of USD 4.45 million per breach globally in 2023.
- For instance, In 2024, Verizon reported that ransomware accounted for 32% of reported cyberattacks, highlighting the growing threat landscape.
- As organizations digitize operations, the need for robust protection solutions rises, ensuring data security and operational continuity.
