Vulnerabilities / Threats

7/18/2017
10:00 AM
Dawn Kawamoto
Dawn Kawamoto
Slideshows

IoT Security Incidents Rampant and Costly

New research offers details about the hidden - and not so hidden - costs of defending the Internet of Things.
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IoT v. Traditional Breach and Incident Costs

Nearly half of survey respondents in the IDC report report a security attack on their IoT devices.

'I would have expected it to be much lower,' says Robert Westervelt, an information security analyst with IDC. 'IoT is still in the early days and I would have expected the results to be around 10% to 20%, not 46%.'

Meanwhile, nearly two-thirds (63.5%) of survey respondents in the financial services industry and almost half (47.2%) in the healthcare industry say their organizations experienced an IoT security breach or incident.


Because the vast majority (93.2%) of survey respondents call in third-party services or vendors such as IoT forensic specialists to help them fix or assess an IoT breach or incident, the report finds that 70.1% of respondents say IoT attacks are more costly to deal with compared with traditional breaches or incidents.

Image Source: Rapid Maturity of IoT Projects Highlights Risks, IDC

IoT v. Traditional Breach and Incident Costs

Nearly half of survey respondents in the IDC report report a security attack on their IoT devices.

"I would have expected it to be much lower," says Robert Westervelt, an information security analyst with IDC. "IoT is still in the early days and I would have expected the results to be around 10% to 20%, not 46%."

Meanwhile, nearly two-thirds (63.5%) of survey respondents in the financial services industry and almost half (47.2%) in the healthcare industry say their organizations experienced an IoT security breach or incident.

Because the vast majority (93.2%) of survey respondents call in third-party services or vendors such as IoT forensic specialists to help them fix or assess an IoT breach or incident, the report finds that 70.1% of respondents say IoT attacks are more costly to deal with compared with traditional breaches or incidents.

Image Source: Rapid Maturity of IoT Projects Highlights Risks, IDC

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LindsayW718
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LindsayW718,
User Rank: Apprentice
7/26/2017 | 5:25:42 AM
Great emphasis
IoT is really just THE internet - information has become more powerful than intangible knowledge, but is proactively leading change. As work will inevitably transcend office-commute-home cycles, security by design cannot be limited to the company, but the person too. Organisations like CybSafe have integrated this thinking into their training.
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