Big Data and IoT leave businesses more vulnerable to cyber attacks

In the next three years, there will be more cyberattacks than there were in the past five, a new report by the Economist Intelligence Unit (EIU) claims -- it points the finger at the growth of IoT. The report says that out of 200 operators of critical infrastructure worldwide, 80 percent say the proliferation of IoT and Big Data is making them more vulnerable to cyberattacks. Telecom and IT services are the most vulnerable types of companies, as an attack would create the most damage, followed by banking institutions. "The increasing connectedness of critical infrastructure is improving the quality and reach of services, but it… [Continue Reading]