Canonical argues IoT monetisation bigger challenge than security for professionals

You can try and clue up on the Internet of Things (IoT), read all the articles and go to all the meetings. But the question remains: can we make money on this?

According to a new study from Canonical, the company behind Linux operating system Ubuntu, more than half (53%) of industry professionals say quantifying return on investment (ROI) was their biggest immediate challenge. This was followed by device security and privacy, cited by 45% of those polled, and lack of IoT infrastructure, cited by 40%.

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By James Bourne, 24 July 2017, 0 comments. Categories: IoT, Security.

FBI posts a warning to parents about IoT gadgets

The FBI has posted a ‘consumer notice’ to consumers with children about the dangers of IoT gadgets.

Anyone who follows the computing industry will be aware of the dangers of insecure IoT devices. Some of the potential threats are external of the home, such as devices being hijacked to carry out attacks. Others can be internal and pose a danger to your family’s privacy, such as a hacked webcam.

The FBI makes the following recommendations:

  • Research for any known reported security issues online to include, but not limited to:

  • Only connect and use toys in environments with trusted and secured Wi-Fi Internet...

By Ryan Daws, 19 July 2017, 0 comments. Categories: IoT, Security, Smart Homes.

Darktrace raises $75 million in Series D financing round

Darktrace has announced it has raises $75 million (£58.2m) in a series D financing round, adding that its total contract value has hit $200m.

The machine learning cyber security provider had its funding round conducted by Insight Venture Partners, with the company’s existing investors, Summit Partners, KKR and TenEleven Ventures, also part of the seed funding.

Known as the frontrunner in disruptive AI technology for cyber-security, Darktrace can easily confront the most sophisticated...

By IoT News, 12 July 2017, 0 comments. Categories: IoT, Security.

WISeKey reports continued growth with $20m revenue for first half of 2017

WISeKey International, the Switzerland-based cybersecurity and IoT firm, has announced ‘significantly increased’ revenue up to $20 million (£15.4m), unaudited, for the first half of this year as the company’s progress continues to improve.

The company’s previous revenues stood at $1.3m reported for the first half of 2016, and $11.6m consolidated revenues for the full year.

In order to evolve as a major player in IoT, cybersecurity, AI and blockchain, WISeKey has aggregated over...

By IoT News, 04 July 2017, 0 comments. Categories: IoT, Security.

Building the right defences before the IoT botnets catch you

PayPal, Spotify, Twitter, Airbnb, the Sony PlayStation Network – what is the connection? These were some of the sites and services that were disrupted as a result of the DDoS attack on Dyn, the cloud DNS provider, last October.

The attack is believed to have been caused by the Mirai botnet, which takes advantage of unprotected IoT devices such as CCTV cameras, routers, DVRs and even baby monitors. It can rapidly overwhelm DNS servers with requests, cutting off users from connecting to services they want...

By David Williamson, 04 July 2017, 0 comments. Categories: IoT, Security.

Kaspersky: IoT malware attacks have more than doubled over the past year

Security experts at Kaspersky report the number of IoT malware attacks have more than doubled over the past year.

Kaspersky monitor attacks with a ‘honeypot’ of insecure devices which imitate IoT devices. In 2016, the company detected 3,219 samples of different malware. As of May this year, Kaspersky’s honeypot caught 7,242 samples.

The rapidly increasing number of IoT devices around the globe has always been expected to be a prime target for cybercriminals. As...

By Ryan Daws, 20 June 2017, 0 comments. Categories: IoT, Security.

BT, Intercede and Imagination offer ‘trust continuum’ for IoT security

Imagination, a global technology company, and Intercede, a digital identity and credentials expert, have partnered to demonstrate a “trust continuum” focusing on enhanced Internet of Things (IoT) security at BT’s bi-annual Innovation 2017 event.

The parties demonstrated how an end-to-end chain of trust is established via the home gateway by architecting systems-on-chips (SoCs) for home gateway routers to enable them to become secure, intelligent hubs for all IoT devices and services within...

By IoT News, 16 June 2017, 0 comments. Categories: IoT, Security.

Half of US firms on IoT network say they have experienced a security breach

Nearly half of US firms using an Internet of Things (IoT) network have been hit by a recent security breach, according to a study from strategy consulting provider Altman Vilandrie & Company.

The research, conducted in April 2017, evaluated about 400 IT executives across 19 industries that have purchased some form of IoT security solution and found that 48% of the firms have experienced at least one security breach.

The cost of the breaches amounted to 13.4% of the total revenues for companies having...

By IoT News, 08 June 2017, 0 comments. Categories: Enterprise, IoT, Security.

Mocana raises $11 million with aim to ‘revolutionise’ IoT security

Mocana announced it has raised $11 million from Sway Ventures, Shasta Ventures, Trident Capital Fund and GE Ventures making the total amount it rose to $93.6 million adding the capital. It aims to further accelerate the development of its IoT Security Platform to protect the industrial IoT market, which will be valued at $933.62 billion by 2025, as per Grand View Research.

The IoT Security Platform employs military-grade cryptographic software installed on a chip or flash memory embedded within a device. It...

By IoT News, 22 May 2017, 0 comments. Categories: Enterprise, IoT, Security.

IoTium aims to solve the problem of brownfield development for the IIoT

Meet IoTium. The Industrial Internet of Things (IIoT) company, based in San Francisco, has announced the launch of its network as a service (NaaS) product to help organisations better connect their brownfield developments, as well as $8.4 million (£6.5m) in series A funding.

Here’s how the product works: IoTium’s NaaS is a cloud-deployed zero touch managed service which aims to securely collect data from legacy mission-critical brownfield machines and sends it to greenfield applications...

By James Bourne, 11 May 2017, 0 comments. Categories: Data & Analytics, Enterprise, IoT, Security.