IoT cybersecurity specialists Sternum have released the first real-world attack simulation and evaluation platform.
Last year, a report by Fortune Business Insights found that 67 percent of enterprises have experienced an IoT security incident.
Furthermore, 84 percent of security professionals believe IoT devices are more vulnerable than computers—a concerning statistic given that 69 percent of enterprises have more IoT devices on their networks than computers.
When building its platform, Sternum identified the 20 most critical attacks over the last few years.
The platform helps IoT device manufacturers evaluate their protections against the current threats and understand the potential fallout of failing to secure them adequately.
From an enterprise perspective, the platform also helps businesses to make the best decisions to protect their networks and employees by simulating these attacks and demonstrating firmware weaknesses, exploitation methods, and protection options.
Sternum raised $27 million in a Series B financing round led by Spark Capital last year, with participation from Square Peg Capital, the Hinrich Foundation, Btov, and others. The round brought the company’s total raised to $37 million.
According to Grand View Research, the global IoT security market is expected to reach $9.88 billion by 2025.
While that’s a large pie, Sternum faces stiff competition from the likes of Vdoo, Axonius, Firedome, Thistle, and Armis Security.
(Photo by Possessed Photography on Unsplash)
Want to learn about the IoT from industry leaders? Check out IoT Tech Expo taking place in Amsterdam, California, and London. The event is also co-located with the Cyber Security & Cloud Expo.
Explore other upcoming enterprise technology events and webinars powered by TechForge here.