Covata’s key as a service aims to sort out IoT security

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Security firm Covata has announced its ‘key as a service’ (KaaS) offering is to be initially deployed with Cisco as its partner.

The product aims to remove the inconvenience of encryption key and access policy management via patent pending techniques such as key fragmentation and GeoLoc. The solution will also provide protection against impending legal and regulatory challenges.

Cisco is set to deploy Covata’s new ‘Key-as-a-Service’ (KaaS) offering in a number...

By IoT News, 04 February 2016, 0 comments. Categories: IoT, Security.

Nokia beefs-up IoT security with network-wide tool

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Nokia has launched a network-wide tool called NetGuard this morning, providing operators with an easy-to-use platform to monitor and control all the multi-vendor security systems deployed across its telecommunications network.

Since moving away from their handset business – after selling the division to Microsoft in 2013 – Nokia has focused on its network...

By Ryan Daws, 02 February 2016, 0 comments. Categories: IoT, Security.

ForeScout secures $76m funding to accelerate development in IoT security

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ForeScout Technologies, a company which aims to provide ‘agentless’ cybersecurity, has announced it has raised $76 million (£53.2m) in funding to accelerate leadership in the “underserved” Internet of Things (IoT) security space.

The round of funding for the California-based company, which currently possesses a valuation of $1 billion, was led by Wellington Management. ForeScout has seen its valuation triple in the past year and a half even as its...

By IoT News, 25 January 2016, 0 comments. Categories: IoT, Security.

Vectra Networks reveals worrying vulnerability in IoT devices

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Threat management provider Vectra Networks has revealed a potentially alarming security hack in a Wi-Fi-enabled camera – which could have repercussions for other IoT devices.

The experiment, carried out by Vectra Threat Labs, found the researchers were able to reprogram a D-Link Wi-Fi camera, priced at $30, to function as a network backdoor without halting the camera’s option. In theory, hackers could have full access to an organisation’s network bypassing traditional...

By IoT News, 18 January 2016, 0 comments. Categories: IoT, Security.

Accenture survey raises questions over IoT device uptake

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Security and privacy concerns are among the key barriers to buying an IoT device and service, according to a poll of almost 30,000 consumers released by Accenture.

“Until the promise of IoT meets consumers’ expectations, the IoT market will remain more promise than profit and do little to reinvigorate the overall digital consumer market,” said Sami Luukonen, global managing director for Accenture’s electronics and high tech group.

The survey findings put...

By IoT News, 06 January 2016, 0 comments. Categories: IoT, Security.

Smart cities to use 1.6 billion connected things by 2016

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A new Gartner study has estimated that smart commercial buildings will be the highest IoT user until 2017, after which smart homes will take over with just over one billion connected things in 2018.

The Gartner study estimates that 1.6 billion connected things will be in use by smart cities in 2016, marking an increase of 39% from 2015.

IoT implementation can greatly benefit commercial real estate, offering a unified view for...

By IoT News, 08 December 2015, 0 comments. Categories: Security, Smart Cities, Smart Homes.

The IoT, security and privacy: Why user data must belong to the user

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Talk to anyone about the Internet of Things (IoT) and you can almost guarantee the topics of security and privacy will crop up at some point.

The market, as one would expect, is a huge one – Zion Research argues it has the potential to hit $464 million by 2020. But opinion is divided on how secure connected devices currently are. One interesting finding from a recent ISACA survey shows that while 64% of consumers are confident they can control IoT data, 78% of IT professionals...

By James Bourne, 04 November 2015, 0 comments. Categories: IoT, Security.

Confidence of IoT device security varies among consumers and security professionals

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A major discrepancy exists in the amount of trust Mexican consumers and cybersecurity professionals have in the security of connected devices, according to a new survey from global cybersecurity association ISACA.

The survey found 82% of Mexican consumers were assured about their ability to secure IoT devices while only 60% of IT and cybersecurity professionals were of the same opinion. More than nine in 10 Mexican consumers believe they possess requisite knowledge concerning the IoT.

On...

By IoT News, 19 October 2015, 0 comments. Categories: IoT, Security.

Value of IoT security market to total $28.9 billion by 2020

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Demand for products and services from the Internet of Things (IoT) security market is expected to see strong growth due to the proliferation of connected devices and threats to these networks, according to research from Reportbuyer.

The adoption of automation across varying verticals has diversified these threats and hence organisations are seeking improved security solutions, the report notes. The IoT security market is anticipated to grow at a compound annual growth rate (CAGR) of...

By IoT News, 23 September 2015, 0 comments. Categories: IoT, Security.

How IoT empowers the dialogue on cybersecurity, privacy, and IAM

By Joni Brennan and Oleg Logvinov

It is a counterintuitive challenge to begin with. The whole point of the Internet is to make informationmore accessible, but the prevailing question in cybersecurity, privacy and identity and access management (IAM) is how to build an effective framework of complementary technologies and policies for restricting who can access what information when and in what ways.

In the digital transformation that is well underway with Internet of Things (IoT) and cloud proliferation, and...

By IEEE, 23 September 2015, 0 comments. Categories: IoT, Security.