In 2016, cybercrime losses rose 24% to more than $1.33 billion, according to the FBI’s Internet Crime Complaint Center. Headlines about hacking incidents continue and the more connected our devices, the more vulnerable they can be to attack. And as we connect more devices within, say, a home or a business, an entry into just one device can put the entire network at risk. Consider this spring’s WannaCry ransomeware episode, which impacted 300,000 computers in more than 150 countries. Spread through file-sharing technology used by PCs, the attack impacted banks, hospitals, telecommunications companies, and warehouses.
In a recent blog post, ARM cited some studies revealing that 70% of companies aren't willing to pay more than a 10% premium for security. As the blogger noted, this is surprising, given the risks and repercussions that come with inadequate system security. Fortunately, there are ways to design in security upfront that are robust and won’t break the bank.
Maxim is hosting a free webinar that will show you how you can safeguard your connected, embedded devices, protecting your customers and your company from the devastating effects of security breaches. In "3 Key Requirements to Lock In Security for Your Design," you'll learn about:
- The three pillars of security
- Cryptography, digital signatures, and root of trust
- Turnkey embedded security for connected objects
The session will also present a cost analysis that shows you how much you can increase profit with a small security investment that prevents counterfeiting. And our tech expert makes the case for why hardware-based security is always a better choice than its software counterpart.
Sign up for the webinar today to learn how you can better protect your next IoT design.