K
Kathleen Martin
Guest
As the IoT ecosystem continues to grow, so does the importance of securing those IoT networks. According to Gartner, spending on IoT security solutions will reach $631 million by 2021. This is a significant leap from $91 million, which was spent in 2016, and this annual global spending statistic shows that IoT solutions are headed for a massive boom within the next decade.
According to Gemalto, another worrying stat, 48% of businesses admit that they cannot detect IoT security breaches on their network. Nearly half of the companies that use IoT can’t identify when their network is compromised. As more businesses invest in IoT technology, we can only hope that this number decreases.
According to Pieter Danhieux, the co-founder and CEO of Secure Code Warrior, an average building will have air conditioning, automated doors, surveillance cameras – many running on IoT systems. In the agriculture business, tractors, measuring devices and rainwater stations also run IoT.
“In homes today, you will find IoT in Christmas lights, door locks, etc. IoT has infiltrated both enterprise and our personal lives, which is a good thing because it allows us to do many, many great things. But it could also be a very scary thing,” he commented.
State of security in IoT devices
Danhieux opined that when manufacturers build IoT devices they don’t think that these things would be exploited. He argued that manufacturers are under pressure to build these devices at the lowest possible cost and deployed them quickly.
“People don’t think about the potential threats we could face with some of these IoT devices, whether it is hardware or IoT software development kits (SDKs). The vulnerability could be in how the IoT communicates from within the network,” he added.
His point was that it's a very complex environment. “I think, and not many people, when they are building those devices are thinking about all the different problems that can go wrong, around IoT security,” he continued.
Continue reading: https://futureiot.tech/podchats-for-futureiot-state-of-iot-security/
According to Gemalto, another worrying stat, 48% of businesses admit that they cannot detect IoT security breaches on their network. Nearly half of the companies that use IoT can’t identify when their network is compromised. As more businesses invest in IoT technology, we can only hope that this number decreases.
According to Pieter Danhieux, the co-founder and CEO of Secure Code Warrior, an average building will have air conditioning, automated doors, surveillance cameras – many running on IoT systems. In the agriculture business, tractors, measuring devices and rainwater stations also run IoT.
“In homes today, you will find IoT in Christmas lights, door locks, etc. IoT has infiltrated both enterprise and our personal lives, which is a good thing because it allows us to do many, many great things. But it could also be a very scary thing,” he commented.
State of security in IoT devices
Danhieux opined that when manufacturers build IoT devices they don’t think that these things would be exploited. He argued that manufacturers are under pressure to build these devices at the lowest possible cost and deployed them quickly.
“People don’t think about the potential threats we could face with some of these IoT devices, whether it is hardware or IoT software development kits (SDKs). The vulnerability could be in how the IoT communicates from within the network,” he added.
His point was that it's a very complex environment. “I think, and not many people, when they are building those devices are thinking about all the different problems that can go wrong, around IoT security,” he continued.
Continue reading: https://futureiot.tech/podchats-for-futureiot-state-of-iot-security/
