AS CITIES GET SMARTER, HACKERS BECOME SMARTER: THIS COULD STOP THEM
As governments create smarter cities, they need cybersecurity measures built from the ground up — or they risk costly data breaches which could compromise the privacy of their citizens.
In 2016 alone, cyber-crime cost the global economy more than $450 billion and over two billion personal records were stolen, according to the chief executive of specialist insurer Hiscox.
Cities around the world are using various technologies — smart devices, apps, sensors, big data analytics and Internet of Things applications — to improve the lives of their citizens. This results in massive amounts of valuable data that interest cyber-criminals.