K
Kathleen Martin
Guest
With significant growth projected in the global IoT market over the next 6 years, the need to subsequently secure devices at the edge from attacks, safe and secure through the manufacturing process, and managed securely throughout the life of the product will follow a similar trajectory, predict experts at Sequitur Labs.
Recent reports indicate that the global IoT market is expected to reach nearly $1.5 trillion by 2027 as driving factors of increased demand of Smart Sensors, the development of Smart Cities and industry developments in the field of AI continue to proliferate, with a Compound Annual Growth Rate of 24.9 percent during the forecast period.
This market growth will propel a rise in the IoT security market by a similar percentage as organizations remain increasingly vulnerable to cyberattacks as devices come online. By integrating security solutions with IoT devices, device manufacturers will be able to provide customers with real-time protection from threats.
The importance of secure IoT devices
While connected devices deliver a plethora of benefits to businesses, the necessity of being connected to public networks and the internet leave them particularly vulnerable to attack. Look for increased attacks on IoT-enabled environments and infrastructure as the ability of cybercriminals to infiltrate connected systems continues to be a profitable endeavor.
IoT devices built on legacy technology without proper security protocols in place remain soft targets ripe for exploitation. Until device manufacturers implement security suites to handle threats to connected devices, expect to see even more high-profile cases of hacking and attacks to both private businesses and public institutions in 2022.
Continue reading: https://www.helpnetsecurity.com/2021/12/27/secure-iot-devices/
Recent reports indicate that the global IoT market is expected to reach nearly $1.5 trillion by 2027 as driving factors of increased demand of Smart Sensors, the development of Smart Cities and industry developments in the field of AI continue to proliferate, with a Compound Annual Growth Rate of 24.9 percent during the forecast period.
This market growth will propel a rise in the IoT security market by a similar percentage as organizations remain increasingly vulnerable to cyberattacks as devices come online. By integrating security solutions with IoT devices, device manufacturers will be able to provide customers with real-time protection from threats.
The importance of secure IoT devices
While connected devices deliver a plethora of benefits to businesses, the necessity of being connected to public networks and the internet leave them particularly vulnerable to attack. Look for increased attacks on IoT-enabled environments and infrastructure as the ability of cybercriminals to infiltrate connected systems continues to be a profitable endeavor.
IoT devices built on legacy technology without proper security protocols in place remain soft targets ripe for exploitation. Until device manufacturers implement security suites to handle threats to connected devices, expect to see even more high-profile cases of hacking and attacks to both private businesses and public institutions in 2022.
Continue reading: https://www.helpnetsecurity.com/2021/12/27/secure-iot-devices/
