During the last few years, malicious IoT hacks have grown exponentially with no immediate signs of slowing, while hackers relentlessly pursue new and creative ways to attack and exploit organizations. According to the FBI, within the past six years, attackers have amassed $144 million in ransomware payments alone – and each new attack costs more than the last.
While previous hacking efforts tended to come from one random entity, there are actually now large, highly-organized criminal enterprises dedicated to extorting major businesses as opposed to individual people. Known as the “cyber mafia” and made up of hundreds of “employees,” its strategic and organized approach has allowed them to extort millions of dollars from corporations.
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