Honeywell International Inc. (NYSE: HON) has agreed to purchase cybsecurity technology company Nextnine. The deal comes as ransomware attacks have plagued companies.

"Each day, the number of attempted cyberattacks on industrial facilities and critical infrastructure around the world increases," says Vimal Kapur, the president of Honeywell process solutions. In 2016, Honeywell sold its cybersecurity division that serves government agencies.

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