The cost of a data breach can run as high as $4.54 million today, up from $3.86 million in 2020, according to an IBM study that says the fastest-growing — and costliest — type of cyberattack is ransomware. That’s why more companies are turning to cyber insurance to hedge their bets. Last year, the global market for such policies was estimated to be in the $13.33 billion range, and projected to reach $84.62 billion by 2030. Because the increased frequency of attacks has resulted in increased payouts, insurance providers now often require proof of adequate security measures. Continue reading Companies Turn to Cyber Insurance as Global Threats Surge

While smart home technologies have often made a strong showing at CES, adoption has been hampered by issues of interoperability. This year at CES saw the widespread reveal of Matter (originally known as Project CHIP), a new smart home standard designed to support interoperability. Matter was originally announced in 2019 as a partnership between Apple, Google and Amazon to create an open-source smart home standard. Today, if CES 2023 is any indication, the standard is becoming more prevalent across a wide variety of connected devices and different product sectors. Continue reading CES: Matter Smart Home Protocol Marks Major Trend in 2023

At a CES panel, CISA director Jen Easterly sounded the alarm on the current state of cybersecurity in the U.S. “We cannot accept that ten years from now it will be the same or worse than it is now,” she said. “All the critical infrastructure we rely on is underpinned by a technology base that was created in an insecure way.” As head of the Cybersecurity and Infrastructure Security Agency, Easterly is in a position to assess the coming damage, projected to be $8 trillion this year. Moderator Rajeev Chand, Wing Venture Capital partner led Easterly and CrowdStrike chief executive George Kurtz in a discussion on how to halt the increase of cyber-insecurity. Continue reading CES: As Risks Rise, Experts Reimagine Path to Cyber Safety

In a social media ecosystem roiling with change, Mastodon is a newcomer that’s picking up steam as change agents and disaffected Twitter users seek alternative outlets. With 4.5 million accounts and growing, the microblogging platform is the brainchild of 29-year-old German software engineer Eugen Rochko, whose “free, open-source decentralized platform” has become the elephant in the room for Elon Musk, who on Monday tweeted three derogatory comments about the service. Musk later deleted the posts, but not before generating waves of publicity for his upstart competitor. Continue reading Twitter Users Are Testing Decentralized Social Site Mastodon

Twitter has selected startup founder and cryptocurrency developer Jay Graber to head up its open-source project Bluesky. Although Twitter funds Bluesky, it will operate independently of the social giant. Twitter chief executive Jack Dorsey stated that Bluesky is his “biggest focus right now,” and Graber explained that she is “excited to take on this role and build the future of social media.” Dorsey established Bluesky to create protocol technology that would break down the boundaries between various social media services. Continue reading Twitter Chooses Crypto Developer to Lead Its Bluesky Project

The FAA’s mandatory drone registration does not seem to be impacting UAV sales, which have grown 224 percent from April 2015 to April 2016 for a total of nearly $200 million, according to The NPD Group. Robotics Trends reports the FAA’s database indicates there are now “461,433 registered hobbyist drone owners in 39,471 zip codes.” NPD notes that DJI is the clear U.S. market leader at 49 percent, followed by Parrot (19 percent), Protocol (6.3 percent), Yuneec (5.6 percent) and 3D Robotics (4 percent). Drones with 4K cameras represented more than one-third of sales for the 12 month period, and GPS-outfitted drones accounted for 64 percent of sales. Continue reading Drone Sales Grow 224 Percent Year-Over-Year to $200 Million

After three years of research and development, the Wi-Fi Alliance released Wi-Fi Aware, which instantly connects Wi-Fi-enabled products with devices, applications or information without an Internet connection or mobile data. Wi-Fi Aware software works continuously in the background, sending out short messages that dramatically lessen power consumption. With a Wi-Fi Aware smartphone, a user could find nearby services, videogame players or anyone from a high school friend to a business colleague. Continue reading Wi-Fi Alliance Debuts Wi-Fi Aware for Quick Device Connection

Google-owned Nest, maker of smart thermostats and smoke alarms, was one of seven companies that announced a new consortium yesterday called the Thread Group, which plans to promote the online connection of devices through a new IP-based, wireless networking protocol called Thread. Chris Boross, president of the consortium and head of technical marketing at Nest, said the group is looking at “250 products per home network” in order to “provide ample room for growth in the future.” Continue reading Thread Group Formed to Promote IP-Based Networking Protocol

Rather than copying Chromecast to webOS, LG released an open source Connect SDK late last week that integrates media casting, making it easier for developers to bring their apps to connected devices such as Roku streaming boxes, Google’s Chromecast, Amazon’s Fire TV and LG’s own TV sets. By combining existing multiscreen and home sharing protocols such as Google’s Cast SDK, DLNA and DIAL, developers’ mobile apps only need one set of code to work on a variety of big screen devices. Continue reading LG Launches Open Source Connect SDK for App Developers

Apple is in talks with Comcast about joining forces on a streaming-television service, according to people familiar with the matter. The Wall Street Journal reports the service “would use an Apple set-top box and get special treatment on Comcast’s cables to ensure it bypasses congestion on the Web.” While discussions are in the early stages and a number of hurdles remain, the deal “would mark a new level of cooperation and integration between a technology company and a cable provider to modernize TV viewing.” Continue reading Apple, Comcast Discuss Teaming Up for Streaming TV Service

IP video startup Layer3 TV announced that it has raised $21 million in Series A funding. The company, staffed by cable industry veterans, describes itself as “a next-generation cable provider” combining “the best of television, social media, and digital life.” Executives include CEO Jeff Binder (founder of VOD company Broadbus Technologies), CTO David Fellows (formerly of Comcast and AT&T Broadband), and Chuck Hasek as head of video technology (formerly principal architect of video systems at Time Warner Cable). Continue reading Notable Cable Industry Vets Raise $21 Million for Layer3 TV

BitTorrent Live was launched for the desktop in beta last year, offering a free peer-to-peer solution for broadcasting and streaming live video, as opposed to using a single company’s servers to record video and share with viewers. Now BitTorrent says users will be able to stream live video via smartphones with a mobile app it plans to launch later this year. However, the company has yet to reveal specific platforms or whether it will allow for broadcasting, merely viewing, or both. Continue reading BitTorrent Live Plans to Go Mobile with Video Streaming App

Roku CEO Anthony Wood announced at the Next TV Summit in San Francisco this week that his company’s devices will soon add support for the DIAL protocol. The update will allow Roku to offer functionality similar to that of Google’s Chromecast, which would include expanded second-screen support for Netflix. Devices from Sony, Vizio, LG, Panasonic and TiVo already support DIAL, a multiscreen protocol jointly developed by Netflix and YouTube. Continue reading Roku to Support DIAL, Offer Functionality Found on Chromecast