Uncovering the Truth About Corporate IoT Security

This research looks at the kinds of IoT projects being driven by global organizations, their key challenges and perceived threats, along with hard data outlining the frequency and type of attacks they’ve already experienced.

Connected “things” are quickly pervasive our entire society. From connected cars to the sensible home, medical instrumentality to fitness trackers, the web of Things (IoT) is functioning to create us healthier, happier, safer and additional productive. From a company perspective, it’s empowering corporations as numerous as hospitals, makers and utilities suppliers to contour their operations, enhance business lightness, and drive innovation-led growth.

It’s no surprise that there are over eight billion connected things in use these days — a figure which will top 20 billion by 2020, as well as over seven billion within the company sphere

Yet cybersecurity remains a serious challenge and a barrier to progress. If left unsecured, IoT endpoints might be hijacked to conscript into botnets, sabotaged to disrupt key processes, or used as a stepping stone into company networks. IoT systems sit at an important intersection between IT and OT, usually dominant key operational technologies however conjointly connected into wider IT networks, and thus exposed to internet-facing threats. ancient silos between IT and OT groups compound these risks.

To shed more light on the issue, we commissioned our consultant to interview 1,150 IT and security decision-makers in the India, Singapore, Thiland, Germany, and Japan. We wanted to understand the level of investment in IoT projects today and where it’s being targeted, what the key IoT security challenges are, how widespread attacks are, and what organizations are doing to mitigate cyber risk.

We discovered that Industrial IoT, wearables, sensible utilities, and sensible works initiatives are already well current in several organizations. however securing knowledge, devices, and networks, obliging with laws and try security complexness are major challenges. The risks aren’t any longer theoretical: Responding organizations claimed on the average to own suffered a median of 3 attacks on IoT devices over the previous 12 months, with simply a quarter (27%) having not seasoned any.

In this context, it’s unsatisfactory that thus few organizations involve security groups in comes from the beginning, with several admitting that they read IoT protection as an afterthought. It’s hoped that by delivery to light-weight these problems, the report will facilitate IT and security bosses higher perceive wherever key risks lie and wherever they’ll do higher than their peers going forward. This is particularly important to the new regulatory landscape in India, To gain more insight into these issues, contact us at 9811779128