White Paper Finds Security Concerns & Vulnerabilities on the Rise as IoT Devices Proliferate
A new white paper found that security concerns and vulnerabilities are on the rise as IoT devices proliferate. The research is covered in the SecurityInfoWatch.com article, “By 2026, the 23 Billion IoT connections will present new threat vectors and generate $16 Billion in IoT security revenues.”
Global firm ABI Research released findings in the report, “Connected & Protected: The Vulnerabilities and Opportunities of IoT Security.” It covers the correlation between IoT device growth, a new era of connectivity, rising vulnerabilities, and related security opportunities.
From the article:
“The sheer number of new IoT connections over the next 5 years, the increased digitization capabilities of certain IoT markets (e.g., utilities, industrial, infrastructure, and smart cities), the increase in connected users and assets along with the increased connectivity needs to be brought forth by the COVID-19 pandemic are all fair predictors for digital security overall.”
The research uncovered security gaps as the market finds ways to address Internet-connected devices and related cybersecurity issues. Limitations have been created by a lack of resources and processing capabilities, and by the market as it struggles to properly secure and address “the fragmented nature of the IoT itself.”
Want to learn more about IoT devices and tips to address security concerns? Hikvision’s senior director of cybersecurity, Chuck Davis, guest authored a recent article for Security Sales & Integration magazine. In it, Davis talked about the need for the security industry to establish cybersecurity standards to ensure devices, especially IoT devices, are fully secure and vulnerabilities are minimized.
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