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The Internet of Things (IoT) transforms all fields, from the business to organizational and military spheres. IoT connected devices are hitting the market at a staggering rate – it is expected that there will be over 20 billion connected devices by 2020, as Gartner forecasts.
The rise of this transformative technology and new ways to interact with the world brings a host of new risks of attack. The rapid release of more and more new connected devices to market with little regard for the security of those devices once they’re in the wild has left organizations and consumers alike open to a host of new threats.
Research by Bain & Company finds that enterprise customers would buy more IoT devices if their concerns about cybersecurity risks were addressed—on average, at least 70% more than what they might otherwise buy. What’s more, 93% of the executives surveyed said they would pay an average of 22% more for devices with better security.
As IoT devices become more integrated to critical aspects of our daily lives, the security of those devices becomes non-negotiable.
According to securityboulevard.com, the next wave of innovation in IoT will be around security. Device manufacturers will be faced with the choice to integrate better security into their products or lose business.
Learn more about IoT in the security and smart city fields: To IoT 2018 Conference and Exhibition
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