The global Internet of Things (IoT) security market is projected to reach $92.4 billion by 2030, growing at an annual rate of over 24.8%, according to a report by RationalStat. The value of the market was estimated at $19.6 billion in 2023. Factors driving growth include the increasing interconnectedness of devices and the complexity of cyber threats.
A division of United Healthcare, Change Healthcare, is dealing with the fallout of a cyber attack. This has heavily impacted the healthcare industry, affecting transactions