Security Shortcomings Could Slow IoT Adoption 

There are various elements that throttle the speed of Internet of Things adoptions and advancements but one of the most significant revolves around security.Most companies involved in creating IoT devices, platforms and strategies at least acknowledge security is paramount for consumer adoption over the long haul.Each time there’s a security breach of any magnitude, whether learning that a child’s Internet-connected toy has been breached or a smart home appliance was tapped by outsiders, consumer confidence can be rocked just enough for them to hold off for now.Despite the obvious need for IoT security, there are several market indicators that there’s still some work to be done.For example, most (90%) organizations don’t have a cybersecurity strategy for the Internet of Things, according to the new Cybersecurity Preparedness Benchmarking Study by the Berkeley Research Group (BRG). Most (86%) also don’t have a strategy to deal with big data.As another benchmark, many shortcomings were found in a host of connected devices.A total of 47 new vulnerabilities were discovered across 23 different devices from 21 brand manufacturers, according to a report from the second annual IoT Village held at DEF CON 24.Manufacturers involved include Samsung, Subaru, Trane, QuickLock and Elecycle.One researcher found that three quarters (75%) of smart locks he checked could be compromised, meaning someone potentially could gain access to someone’s house.

Source: Security Shortcomings Could Slow IoT Adoption 09/19/2016

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