Episode 357: Too many companies are paying ransomware

This week we kick off the show with an explainer on Sigfox’s receivership before delving into grim news from Claroty, a cybersecurity firm.  Claroty surveyed 1,100 IT and OT (operational technology) pros and discovered that three out of five of them worked at companies that paid up after a ransomware attack. I can’t believe it, but the research offers compelling reasons why. We then move over to some Matter news, starting with an update from Assa Abloy on backward compatibility for its Yale locks, and concluding with an update from Nanoleaf, which is delaying some of its products thanks to Matter being delayed. We then cover Walmart teaming up with Angi to install some smart home products for consumers as part of the rush to invest in smart devices that we discussed last week with Angi’s CEO. In quick news, we talk about a new IoT satellite service, an acquisition by connected health company Withings, and Peloton’s new $90 smart heart rate monitor. We conclude the show with a good idea from one of our listeners who set up a sort of call system using Wyze outlets and smart bulbs.

Withings purchased a subscription workout app to add to its wellness hardware. Image courtesy of Withings.

Our guest this week is Simon van der Jagt, CEO of Nowi. Nowi makes an energy harvesting chip that is easier to use in a variety of sensors. We talk about why, before moving to a discussion of plug and forget devices, and what those will entail. The idea is that companies can build energy-harvesting sensors that could last for the life of a road or container or other product, and thus we can forget about them. We also talk about trends in designing chips for the IoT such as sales challenges and the growing demand for highly specific chips that can consume the least amount of power while getting the work done. Enjoy the show.

Hosts: Stacey Higginbotham and Kevin Tofel
Guest: Simon van der Jagt, CEO of Nowi
SponsorsRightpoint and Hologram

  • What led to Sigfox’s “bankruptcy”
  • You’ll never believe the size of these ransoms
  • Is Matter causing product delays?
  • What kind of chips does the IoT need?
  • Let’s design plug and forget devices