Facing the fear and securing the internet of things (iot) – gemalto blog electricity electricity goodness

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It’s official. There are officially more IoT devices than humans in the world. And by 2020, there will be twice as many of them than us. e gaskell north and south It can be a sobering thought, especially if you’ve ever seen the 1980s Stephen King movie Maximum Overdrive, where the machines came alive and turned homicidal. And according to a recent study by Gemalto, 90% of consumers said they don’t have confidence in IoT security. gas city indiana restaurants Furthermore, the study found that only 50% of companies have adopted a “security by design” approach, and more than half of consumers have concerns about their IoT devices being hacked or their data stolen. So maybe I’m not alone in my fears?

Even scarier is the fact enterprise security breaches are happening more often, with more brute force and at higher costs. There are an average of thirteen enterprise security breaches every day, resulting in roughly 10 million records lost a day—or 420,000 every hour. gas utility worker Security researchers are quick to point out the vulnerabilities of connected devices and the potential harm of connecting to a device that has not been properly secured.

But with a hint of apprehension comes big opportunities. Gartner predicts 20.4 billion IoT devices will come online by 2020. When taking into account the value created from technology, as well as the potential for new market opportunities, it is estimated that the IoT will generate $14.4 trillion in net profit for enterprises over the next decade.

One thing is clear; organizations across all industries need to begin consider how they will secure their IoT devices, but face challenges when they try to create solutions in house. IoT security threats are increasingly complex and constantly changing. Recent findings from 451 Group’s report 4Sight report: As Infrastructure Becomes Invisible, We are All Service Providers, show 57% of organizations face skills shortages and lack cloud expertise in areas such as architecture, operations, and security. electricity gif And when trying to recruit for the required cloud expertise, 30% of organizations find it “very difficult”.

A report by ABI Research, IoT Managed Security Services to See Significant Financial Impact from Industrial Applications, says by 2021, overall market revenues for IoT managed security services are poised to surpass $11 Billion, a fivefold increase. electricity fallout 4 The firm predicts the needs for IoT managed security services will initially be driven by the industrial internet (interconnected machines and devices and intelligent analytics).

Organizations are looking for more from an MSSP than just a security solution. They need a partner (or partners) who will offer expertise, guidance and support. And there is evidence that security providers are coming together to integrate solutions and employ security across the entire IoT ecosystem. u save gas station grants pass The industry is moving into a new era – securing the IoT, where encryption, cryptography, identity issuance and access management are a full-stack solution and not individual components. This way, security is built-in and is no longer an after-thought or a challenge. It becomes invisible and just happens, seamlessly, and securely.

As an MSSP you can take advantage of the immediate need to offer an IoT security solution that you can brand, bundle with your cloud or security services, and offer your customers a way to augment their security, effortlessly. By leveraging reliable, repeatable and profitable services, aligned to your business model, you can ensure the stickiness of satisfied customers, building in a range of security services, with single pane of glass management, across multiple clouds.