The deployment of smart home IoT devices may pose risks of attacks by hackers, according to a new report which forecasts that the number of smart home devices is expected to increase globally at a compound annual growth rate of 16.9% until 2023.

Ransomware attacks continue to be the world’s main security threat and the most profitable form of malware, but a new global report claims that despite “copious” numbers of infections daily there’s emerging signs the threat is no longer growing.

Online banking threats are of a higher concern than malware and cryptojacking, but despite the concerns Australians are still storing financial records or financial information such as tax file numbers and bank details on their digital devices, according to a new security research report.