Regardless of the business you are in, digital transformation is one of the biggest stories of the last decade. With the explosive growth of the Internet has come new ways of connecting consumers to producers, companies to suppliers, citizens to governments, and everyone to information. This trend has accelerated with the introduction of smartphones, geo-localization, and integrated applications creating frictionless interactions. The brutal disappearance of major companies who didnít adapt to this new world has created a compelling board-level incentive for every organization to move rapidly into true digital mode.
The success of the online world has resulted in the parallel creation of a new industrial sector dependent on the digital economy: cyber criminality. As digital assets have become more valuable, they have also become more tempting targets. A database containing millions of credit card numbers can be worth a lot in the wrong hands. So can industrial plans, product specifications, and sales figures. And a new twist has reared its ugly head with the advent of untraceable payment systems like bitcoin: blackmail using ransomware.