Survey: Most consumers view IoT as the “wave of the future” - albeit with security fears

US-based Metova has announced the results of its second annual survey explaining latest consumer trends and the sentiment of more than 1,000 consumers on IoT and connected home technologies – with many viewing it as the ‘wave of the future’ but having concerns over privacy and connected devices.

Among the surveyed consumers, less than 25% of respondents thought that they have a better understanding of the...

By IoT News, 13 June 2019, 0 comments. Categories: Data & Analytics, IoT, Security.

IoT attacks could put a £1bn hole in the UK economy

Research from Irdeto suggests IoT attacks may cost the UK economy over £1 billion per year due to lax security measures.

UK organisations in critical industries such as healthcare, transport, and manufacturing were polled by the Dutch security vendor. Irdeto found attacks on IoT equipment caused £244,000 in losses on average.

Steeve Huin, VP at Irdeto, said:

“Insecure IoT devices and companion apps are essentially low-hanging fruit for cybercriminals, who are increasingly...

By Ryan Daws, 24 May 2019, 0 comments. Categories: Enterprise, Healthcare, IIoT, IoT, Manufacturing, Security, Smart Cities, Smart Homes.

Enterprises need to assess their IoT footprint, argues Zscaler

San Jose-based IT security firm Zscaler’s latest study has found that more than a thousand organisations around the world have more than one IoT device transferring data from the network to the internet through the company’s proprietary cloud platform.

The study, titled “IoT in the Enterprise: An Analysis of Traffic and Threats” and which analysed 56 million IoT device transactions to explore the...

By IoT News, 24 May 2019, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, Security.

How to secure our connected world: An open call to the industry

It’s 2019. The long-anticipated Internet of Things (IoT), despite gaining decent ground over the past few years, still doesn’t quite feel as mature as we were once promised. The technology is there, the appetite is there. What is holding it back?

Three things consistently arise when truly looking at scaling the IoT: 

  • Fear over poor security (exacerbated by destructive attacks and scare-mongering of recent years)
  • Closed ecosystems looking to become the next big thing at the centre of our universe 
  • Widespread access to suitable...

By Michael Moorfield, 17 May 2019, 0 comments. Categories: Development, IoT, Security, Standards.

UK gov announce laws to protect IoT devices from cyberattacks

The UK government has announced plans for new laws which aim to protect IoT devices from cyberattacks.

Digital Minister Margot James unveiled the measures today in a bid to slow the huge growth in attacks targeting connected devices.

In a press release, James wrote:

“Many consumer products that are connected to the internet are often found to be insecure, putting consumers privacy and security at risk. Our...

By Ryan Daws, 01 May 2019, 0 comments. Categories: Enterprise, IIoT, IoT, Security, Smart Cities, Smart Homes.

The IoT is being hindered by full-time cybersecurity talent shortage

A report from Experis claims that IoT development is being hindered by companies failing to hire full-time cybersecurity talent.

In the latest Industry Insiders report, Experis highlights the growth in cybersecurity vacancies posted in Q4 2018. 13,214 related jobs were advertised in the quarter – representing a 10 percent year-on-year increase, and 16.6 percent over the previous quarter.

Despite this increasing demand, the average salary has for...

By Ryan Daws, 25 April 2019, 0 comments. Categories: Development, Enterprise, IIoT, IoT, Security, Smart Cities, Smart Homes.

UK launches ‘centre of excellence’ for IoT cybersecurity

A dedicated ‘centre of excellence’ for developing and promoting IoT cybersecurity standards has been launched in the UK.

The so-called PETRAS (privacy, ethics, trust, reliability, acceptability, and security) National Centre of Excellence for IoT Systems Cybersecurity aims to establish the UK as a leader in the field.

Professor Jeremy Watson CBE FREng, PETRAS Director & Professor of Engineering Systems at UCL STEaPP, said:

“The centre’s ultimate aim is, by...

By Ryan Daws, 04 April 2019, 0 comments. Categories: AI, IIoT, IoT, Security, Smart Cities, Standards.

F-Secure: IoT attacks doubled in 2018, devices are ‘easy prey’

Cybersecurity experts F-Secure have released a report which claims history may remember 2018 as the ‘turning point’ in IoT threats.

In 2018, the firm witnessed double the number of IoT threats as the previous year. The rapid proliferation of connected devices is making the IoT an ever more appetising target for hackers.

Here's the rapid growth in attacks since 2002 detected by F-Secure’s network of ‘honeypot’ servers:

By Ryan Daws, 02 April 2019, 0 comments. Categories: Enterprise, Healthcare, IoT, Security, Smart Cities, Smart Homes.

Report: Blockchain IoT market set to exceed £2.31bn by 2024

A report from MarketsAndMarkets forecasts phenomenal growth in the blockchain IoT market to exceed well over two billion by 2024.

Blockchain and IoT are two of the hottest buzzwords around right now. As infamously proven by the Long Island Blockchain Company, if you use either term you'll have investors throwing money at your business.

This year, the report expects the market to reach...

By Ryan Daws, 01 April 2019, 0 comments. Categories: IoT, Security.