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Innovation and Technology

Ransomware Shock

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Ransomware Shock

New Report Reveals True Extent Of Ongoing Ransomware Threat To Organizations

Globally, Ransomware Gangs Had Confirmed Success Against 1,204 Organizations in 2024

Globally, across 2024, ransomware gangs had confirmed success against 1,204 organizations, with another 4,257 attacks claimed by the cybercriminals responsible as published on their data leak sites but without acknowledgment from the alleged victims. That’s just the tip of the ransomware threat iceberg, according to a detailed analysis published on Jan. 9.

Comparitech End-of-Year Ransomware Report Reveals Shocking Statistics

The Comparitech end-of-year ransomware report makes for truly shocking reading when the raw numbers are absorbed:

* Just taking into account the confirmed attacks, some 195,414,994 records were compromised, and ransoms totalling $133.5 million were paid, with the average being an astonishing $9,532,263.
* The 195.4 million records breached, although this number is still rising apparently, is lower than that for 2023 when 261.5 million records were known to have been exfiltrated.

Ransomware Gangs Responsible for Attacks

When it comes to the gangs responsible, by far the most prolific was RansomHub with 89 confirmed attacks, then LockBit on 83, Medusa on 62 and Play with 57 confirmed.

Biggest Attacks of 2024

According to the report, the biggest attacks were:

* Change Healthcare–100 million people are estimated to have been affected by the ALPHV/BlackCat attack.
* LoanDepot—16.9 million said to be affected, also in an ALPHV/BlackCat attack.
* MediSecure—with 12.9 million affected, although the ransomware group remains unattributed.
* Izumi Co., Ltd—7.8 million affected by another unattributed group.
* Evolve Bank & Trust—7.6million people affected by this LockBit attack.

Ransomware Attacks by Sector

Comparitech categorized ransomware attacks into four sectors: business, education, government, and healthcare. “The only sector that looks set to see a decrease in attacks from 2023 to 2024 is education,” Rebecca Moody, Comparitech’s head of data research and author of the report, said, “in 2023, we logged 188 attacks on educational institutions, such as schools and universities. This dropped to 116 in 2024. All of the other sectors will be on a steady year-on-year trend once all breaches have been reported.”

The Ransomware Landscape in 2025

Although Moody conceded that predicting the ransomware landscape is notoriously tricky, that doesn’t prevent some intelligence-inspired deductions about the threat landscape from being drawn.

“At the start of last year, it seemed as though ransomware figures were declining,” Moody said, “but figures started to skyrocket again toward the end of the year.” Based on these figures, Moody said that it’s “highly likely we’ll continue to see large-scale attacks” across 2025. These attacks will, Moody warned, “either cause widespread disruption to companies and/or see troves of data being stolen.”

Conclusion

The ransomware threat is far from over, and organizations must remain vigilant to protect themselves against these attacks. The report highlights the need for robust cybersecurity measures, including regular backups, employee education, and incident response planning.

FAQs

Q: How many organizations were affected by ransomware attacks in 2024?
A: 1,204 organizations had confirmed success against them, with another 4,257 attacks claimed by the cybercriminals responsible.

Q: How many records were compromised in 2024?
A: Some 195,414,994 records were compromised, with the average ransom being $9,532,263.

Q: Which ransomware gangs were most prolific in 2024?
A: RansomHub was the most prolific, with 89 confirmed attacks, followed by LockBit on 83, Medusa on 62 and Play with 57 confirmed.

Innovation and Technology

Accelerating AI with Co-Processors

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Accelerating AI with Co-Processors

Introduction to AI Co-Processors

Most chips today are built from a combination of customized logic blocks that deliver some special sauce, and off-the-shelf blocks for commonplace technologies such as I/O, memory controllers, etc. But there is one needed function that has been missing; an AI co-processor.

In AI, the special sauce has been the circuits that do the heavy-lifting of parallel matrix operations. However, other types of operations used in AI do not lend themselves well to such matrix and tensor operators and silicon. These scalar and vector operators for computing activations and averages are typically calculated on a CPU or a digital signal processor (DSP) to speed vector operations.

Designers of custom AI chips often use a network processor unit coupled with a DSP block from companies like Cadence or Synopsys to accelerate scalar and vector calculations. However, these DSPs also include many features that are irrelevant to AI. Consequently, designers are spending money and power on unneeded features.

Enter AI Co-Processors

Large companies that design custom chips address this by building in their own AI Co-Processor. Nvidia Orin Jetson uses a vector engine called PVA, Intel Gaudi uses its own vector processor within its TPCs, Qualcomm Snapdragon has its vector engine within the Hexagon accelerator, as does the Google TPU.

AI co-processors work alongside AI matrix engines in many accelerators today. But what if you are an automotive, TV, or edge infrastructure company designing your own AI ASIC for a specific application? Until now, you had to either design your own co-processor, or license a DSP block and only use part of it for your AI needs.

The New AI Co-Processor Building Block

Cadence Design has now introduced an AI co-processor, called the Tensilica NeuroEdge, which can deliver roughly the same performance of a DSP but consumes 30% less die area (cost) on an SoC. Since NeuroEdge was derived from the Cadence Vision DSP platform, it is fully supported by an existing robust software stack and development environment.

An AI SoC can have CPUs, AI block like GPUs, Vision processors, NPUs, and now AI co-processors to accelerate the entire AI workload. The new co-processor can be used with any NPU, is scalable, and helps circuit design teams get to market faster with a fully tested and configurable block. Designers will combine CPUs from Arm or RISC-V, NPUs from EDA firms like Synopsys and Cadence, and now the “AICP” from Cadence, all off-the-shelf designs and chiplets.

The AICP was born from the Vision DSP, and is configurable to meet a wide-range of compute needs. The NeuroEdge supports up to 512 8×8 MACs with FP16, 32, and BD16 support. It connects with the rest of the SoC using AXI, or using Cadence’s HBDO (High-Bandwidth Interface). Cadence has high hopes for NeuroEdge in the Automotive market, and is ready for ISO 26262 Fusa certification.

NeuroEdge fully supports the NeuroWeave AI compiler toolchain for fast development with a TVM-based front-end.

My Takeaway

With the rapid proliferation of AI processing in physical AI applications such as autonomous vehicles, robotics, drones, industrial automation and healthcare, NPUs are assuming a more critical role. Today, NPUs handle the bulk of the computationally intensive AI/ML workloads, but a large number of non-MAC layers include pre- and post-processing tasks that are better offloaded. Current CPU, GPU and DSP solutions required tradeoffs, and the industry needs a low-power, high-performance solution that is optimized for co-processing and allows future proofing for rapidly evolving AI processing needs. Cadence is the first to take that step.

Conclusion

In conclusion, the introduction of the Tensilica NeuroEdge AI co-processor by Cadence Design is a significant development in the field of AI processing. It addresses the need for a low-power, high-performance solution that is optimized for co-processing and allows future proofing for rapidly evolving AI processing needs. With its configurable design and support for a wide range of compute needs, NeuroEdge is poised to play a critical role in the development of AI applications in various industries.

FAQs

Q: What is an AI co-processor?
A: An AI co-processor is a specialized processor designed to work alongside AI matrix engines to accelerate scalar and vector calculations in AI applications.
Q: What is the Tensilica NeuroEdge AI co-processor?
A: The Tensilica NeuroEdge AI co-processor is a new AI co-processor introduced by Cadence Design, which delivers roughly the same performance as a DSP but consumes 30% less die area (cost) on an SoC.
Q: What are the benefits of using the NeuroEdge AI co-processor?
A: The benefits of using the NeuroEdge AI co-processor include low power consumption, high performance, and configurability to meet a wide range of compute needs.
Q: What industries can benefit from the NeuroEdge AI co-processor?
A: Various industries such as automotive, TV, edge infrastructure, autonomous vehicles, robotics, drones, industrial automation, and healthcare can benefit from the NeuroEdge AI co-processor.
Q: Is the NeuroEdge AI co-processor supported by a software stack and development environment?
A: Yes, the NeuroEdge AI co-processor is fully supported by an existing robust software stack and development environment, including the NeuroWeave AI compiler toolchain.

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Innovation and Technology

Industry-Specific Solutions

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Industry-Specific Solutions

With the rise of hybrid and remote work, tools for hybrid and remote work have become essential for businesses to thrive. In today’s fast-paced world, companies need tailored solutions to stay ahead of the competition. Industry-specific solutions cater to the unique needs of each sector, providing a competitive edge.

Main Benefits of Industry-Specific Solutions

Industry-specific solutions offer numerous benefits, including increased efficiency, improved customer satisfaction, and enhanced data security. By leveraging these solutions, businesses can streamline their operations, reduce costs, and improve their bottom line.

Increased Efficiency

Industry-specific solutions automate tasks, freeing up staff to focus on high-value activities. This leads to increased productivity, reduced errors, and faster turnaround times. For instance, in the healthcare sector, electronic health records (EHRs) have improved patient care and reduced administrative burdens.

Improved Customer Satisfaction

Tailored solutions enable businesses to provide personalized experiences, leading to higher customer satisfaction rates. In the retail industry, for example, loyalty programs and personalized marketing campaigns have become essential for building strong customer relationships.

Enhanced Data Security

Industry-specific solutions often include robust security measures, protecting sensitive data from cyber threats. In the financial sector, for instance, secure online payment systems and encryption technologies have become crucial for safeguarding customer information.

Industry-Specific Solutions for Key Sectors

Different industries have unique requirements, and tailored solutions can address these needs.

Healthcare

In the healthcare sector, industry-specific solutions include EHRs, telemedicine platforms, and medical billing software. These solutions improve patient care, streamline clinical workflows, and reduce administrative costs.

Retail

In the retail industry, solutions like inventory management systems, point-of-sale software, and e-commerce platforms have become essential. These solutions help retailers manage their supply chains, optimize pricing, and provide seamless customer experiences.

Financial Services

In the financial sector, industry-specific solutions include online banking platforms, investment management software, and risk management tools. These solutions enable financial institutions to provide secure, efficient, and personalized services to their customers.

Implementing Industry-Specific Solutions

Implementing tailored solutions requires careful planning, execution, and ongoing support.

Assessing Business Needs

The first step in implementing industry-specific solutions is to assess business needs and identify areas for improvement. This involves analyzing current workflows, identifying pain points, and determining the required functionality.

Selecting the Right Solution

Once business needs have been assessed, the next step is to select the right solution. This involves evaluating different vendors, comparing features and pricing, and reading reviews from other customers.

Training and Support

After implementing a tailored solution, it is essential to provide training and support to staff. This ensures a smooth transition, minimizes disruption, and maximizes the benefits of the new solution.

Challenges and Limitations

While industry-specific solutions offer numerous benefits, there are also challenges and limitations to consider.

High Costs

One of the main challenges is the high cost of implementing and maintaining tailored solutions. This can be a barrier for small and medium-sized businesses with limited budgets.

Complexity

Another challenge is the complexity of implementing and integrating industry-specific solutions. This requires significant technical expertise and can be time-consuming.

Scalability

Finally, there is the challenge of scalability. As businesses grow, their solutions must also scale to meet increasing demands. This requires flexible and adaptable solutions that can evolve with the business.

Future of Industry-Specific Solutions

The future of industry-specific solutions is exciting, with emerging technologies like artificial intelligence, blockchain, and the Internet of Things (IoT) set to transform various sectors.

Artificial Intelligence

AI will play a significant role in enhancing industry-specific solutions, enabling businesses to automate tasks, predict customer behavior, and make data-driven decisions.

Blockchain

Blockchain technology will provide secure, transparent, and tamper-proof solutions for industries like finance, healthcare, and supply chain management.

Internet of Things (IoT)

The IoT will connect devices, sensors, and systems, enabling real-time monitoring, automation, and optimization of business processes.

Conclusion

In conclusion, industry-specific solutions are essential for businesses to thrive in today’s fast-paced world. By understanding the benefits, challenges, and limitations of tailored solutions, companies can make informed decisions and stay ahead of the competition. As emerging technologies continue to evolve, the future of industry-specific solutions looks bright, with endless opportunities for innovation and growth.

Frequently Asked Questions (FAQs)

Below are some frequently asked questions about industry-specific solutions:

What are industry-specific solutions?

Industry-specific solutions are tailored software applications designed to meet the unique needs of a particular industry or sector.

Why are industry-specific solutions important?

Industry-specific solutions are important because they provide businesses with a competitive edge, enabling them to streamline operations, improve customer satisfaction, and enhance data security.

How do I implement an industry-specific solution?

To implement an industry-specific solution, assess your business needs, select the right solution, and provide training and support to staff.

What are the challenges of implementing industry-specific solutions?

The challenges of implementing industry-specific solutions include high costs, complexity, and scalability issues.

What is the future of industry-specific solutions?

The future of industry-specific solutions is exciting, with emerging technologies like AI, blockchain, and IoT set to transform various sectors and provide endless opportunities for innovation and growth.

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Innovation and Technology

Protect Yourself Against AI Cybercrime

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Protect Yourself Against AI Cybercrime
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