IoT security spending to hit $6 billion by 2023, says Juniper Research

Global spending on IoT security will hit more than $6 billion by 2023, according to the latest study from Juniper Research.

The study, titled “The Internet of Things for Security Providers: Opportunities, Strategies & Forecasts 2018-2023”, claims that increasing business risks and regulatory minimum standards would help drive spending on IoT security.

Steffen Sorrell, principal analyst at Juniper and research author, said: “The interconnected nature of the IoT means that even innocuous...

By IoT News, 12 July 2018, 0 comments. Categories: Data & Analytics, IoT, Security.

Fairhair Alliance aims to address IoT infrastructure security risks in new whitepaper

A new whitepaper titled ‘Security Architecture for the Internet of Things (IoT) in Commercial Buildings’ released by Fairhair Alliance states that organisations must deal with online security risks in a common IP-based infrastructure.

Sharing a common IP-based infrastructure proves to be beneficial for building automation and control systems in commercial buildings. Thease includes centralised monitoring and control, real-time insights and status updates across the entire building, remote access...

By IoT News, 26 June 2018, 0 comments. Categories: Data & Analytics, IoT, Security.

Syniverse aims to offer secured connectivity to worldwide mobile operators

A new private, secure, global network solution, called Syniverse Secure Global Access, has been introduced by US-based telecommunications firm, Syniverse to offer foundation for businesses to reliably safeguard mission-critical data.

The Syniverse Secure Global Access aims to provide privacy and security not available through the public internet, additionally providing businesses with secure connectivity to mobile operators across nearly 200 countries and territories.

Many organisations have lost...

By IoT News, 22 June 2018, 0 comments. Categories: IoT, Security.

Enterprises preparing for IoT enablement – but are vulnerable to older wireless network security threats

802 Secure has outlined the present state of the IoT network security in its new infographic detailing how ‘shadow IoT/IIoT’ devices are exposing enterprise networks and information to security risks.

The key statistics presented in the "IoT Cloud Security Report 2017" infographic explicitly spotlights the greatest IoT risks and threats having a negative impact on enterprises. The report highlighted that all enterprise environments had rogue consumer IoT wireless devices on their...

By IoT News, 29 May 2018, 0 comments. Categories: Data & Analytics, Enterprise, IIoT, IoT, Security.

Hide and Seek: The first IoT botnet to survive device resets is caught

A botnet has been discovered by security researchers which is the first to survive resets of compromised devices.

Researchers from Bitdefender published their findings today. The malware strain, which they’ve dubbed 'Hide and Seek' (HNS) for self-explanatory reasons, copies itself to the /etc/init.d/ folder.

This folder contains the daemon scripts for Linux-based systems which are often used for...

By Ryan Daws, 09 May 2018, 0 comments. Categories: IoT, Security, Smart Homes.

Maciej Kranz: On helping enable the IoT generation, improved security and getting ROI right

At the end of 2016, when Maciej Kranz, vice president at Cisco, released Building the Internet of Things, a personal ambition had been achieved. Not so much to become a bestselling author – although the book made it onto the New York Times list – but to impart more than a decade’s worth of experience and help organisations get going on their IoT journey.

Speaking to Kranz at the time – when he was interviewed as the cover star of the...

By James Bourne, 06 April 2018, 1 comment. Categories: Enterprise, IIoT, IoT, Security.

Organisations fear IoT security attacks – but are not actively monitoring risks

Almost every organisation polled by the Ponemon Institute and Shared Assessments say they fear a ‘catastrophic’ security event related to an unsecured IoT device – yet only a third actively monitor for IoT-related third-party risks.

The study, which surveyed 605 individuals in corporate governance, found the average number of IoT devices in the workplace is set to increase by 55% over the coming year. 81% of those polled said a data breach caused by unsecured IoT devices was...

By James Bourne, 27 March 2018, 0 comments. Categories: IoT, Security.

Gartner: Global expenditure on IoT security to hit $1.5 billion in 2018

A new report from Gartner has projected that expenditure on IoT security across the globe will hit $1.5 billion in 2018 from $1.2 billion in 2017 due to the growing efforts from enterprises to shield themselves from IoT-based threats.

The analyst firm found that over the last three years, nearly 20% of enterprises were hit by at least one IoT-based attack.

Ruggero Contu, research director at Gartner, said: "We expect to see demand for tools and services aimed at improving discovery and asset management,...

By IoT News, 23 March 2018, 0 comments. Categories: IoT, Manufacturing, Oil & Gas, Security.

Assessing three pressing cyber threats for IoT in 2018

Every year we see new pressing cyber threats, from new targets for hackers to new issues cropping up in the cybersecurity space. 2018 will be no different. One area that has recently got a lot of attention is IoT devices, as the use of such devices has increased in both the public and private sectors. Here at Silobreaker we are keen to highlight three pressing cyber threats to IoT devices that we believe enterprises need to be aware of:

Industrial take-downs

By 2020 it is expected that 25% of cyber-attacks will target IoT...

By Kristofer Mansson, 12 March 2018, 0 comments. Categories: IoT, Security.

Security risk against enterprises continues undimmed as IoT popularity grows

The increased popularity of the IoT leading to growing adoption is one of the main reasons for more cybersecurity attacks against enterprises and utilities, according to a new Navigant Research report.

The report, titled “Managing IoT Cybersecurity Threats in the Energy Cloud Ecosystem”, evaluates cybersecurity threats in relation to IoT affecting enterprises and utilities alike. With IoT popularity, new threats are coming in and the need for a stronger IoT security lingers.

According to the...

By IoT News, 08 March 2018, 0 comments. Categories: Enterprise, IoT, Security.

Live, die, repeat: The security shortcuts endangering IoT device adoption

IoT devices are repeatedly exhibiting the same flaws creating a massive vulnerable attack surface which will inevitably lead to more major attacks. We’ve already seen DDoS attacks increase 91 percent over the course of 2017 due to vulnerable deployed devices, yet estimates suggest only 9 percent of IoT vendor budgets are spent on security. This pitiful investment is leading to shortcuts and a ‘live, die, repeat’ attitude to development that...

By Andrew Tierney, 15 February 2018, 1 comment. Categories: IoT, Security, Standards.

Only one in four organisations can protect themselves against IoT threats, says survey

A survey from UK-based firm Databarracks has found that only 27% of organisations polled feel able to protect themselves against IoT threats.

Based on the findings, its managing director Peter Groucutt has said that organisations must now factor IoT into their continuity planning.

“The IoT device market is still relatively immature and somewhat of a Wild West,” said Groucutt. “According to industry experts, by 2020 there will be over 50 billion connected devices. Understandably,...

By IoT News, 06 February 2018, 0 comments. Categories: IoT, Security.

Editorial: Alibaba CEO believes AI could trigger WWIII

While many technology leaders are bullish about the positive aspects of AI, Alibaba CEO Jack Ma has warned it could trigger World War 3.

Ma points towards previous technological revolutions triggering some of the darkest periods in history.

“The first technology revolution caused the First World War, and the second technology revolution caused the Second World War,” said Ma, according to

By Ryan Daws, 25 January 2018, 0 comments. Categories: AI, Data & Analytics, Development, IoT, Security, Smart Cities.

US consumers concerned about lack of standardisation in driverless car legislation

Driverless cars are on their way, whatever speed they arrive, but according to a new study many US citizens are still concerned about various aspects of their safety.

The study from Advocates for Highway and Auto Safety, which polled 1,005 adults living in the US, found more than three quarters opposed disconnection of vehicle controls such as steering wheels and brake pedals, while the vast majority saw concern with more general cybersecurity and safety legislation.

73% of those polled said they support the...

By James Bourne, 15 January 2018, 0 comments. Categories: Connected Cars, Security.

Consumers willing to accept the value of IoT despite wafer-thin trust in companies’ data policies

New research from Cisco has explored the pay-off required between value and trust for the Internet of Things (IoT); consumers recognise the value they provide, but are less sure about how their data is being managed and used.

The survey, which polled 3000 consumers, argues that while users are willing to trade value for trust, it is being done increasingly reluctantly – and companies who can solve the transparency issue are set to be welcomed with open arms.

When it comes to value, more than half (53%)...

By James Bourne, 12 December 2017, 0 comments. Categories: IoT, Security.

BlackBerry release guidelines to accelerate connected car security

BlackBerry is aiming to address connected car security concerns with a framework intended to harden them against cyber attacks.

Connected cars herald an era where you no longer just have to protect them from being physically broken into, but also hacked into. Compromised vehicles could pose a threat to safety through remote control, or be used to access sensitive data such as location.

I’ve covered hacks of connected cars on...

By Ryan Daws, 07 December 2017, 0 comments. Categories: Connected Cars, Security.

Botnet Wars: Return of the Mirai

Chinese security firm Qihoo 360 Netlab have discovered a new variant of the Mirai botnet which caused havoc last year.

The original Mirai botnet was so destructive that it made national headlines last year in many countries around the world. Internet users found many of their favourite services were inaccessible after hackers used the botnet to DDoS companies such as Dyn, a company that controls much of the internet’s DNS infrastructure.

By Ryan Daws, 29 November 2017, 0 comments. Categories: IoT, Security.

Assessing a sustainable IoT future: Why security and connectivity barriers must be overcome

What will the connected world look like in 2030? According to a new report from Wipro Digital, a sustainable future will be achieved but only if certain barriers are conquered first.

The report, developed together by Wipro and non-profit organization Forum for the Future, found that although 98% of business leaders are sure that data and connectivity will contribute to a sustainable future, only 50% of them utilise them to support such efforts.

According to the study, the future vision for an IoT driven...

By IoT News, 23 November 2017, 0 comments. Categories: Data & Analytics, IoT, Security, Smart Cities.

BlueBorne put billions of IoT devices at risk – including Echo and Google Home

A serious vulnerability affecting billions of IoT devices also put Amazon Echo and Google Home users at risk.

The vulnerability, known as BlueBorne, was discovered by IoT security company Armis and found to put more than five billion devices at risk of attack. Researchers have now confirmed the attack surface included as many as 20 million Amazon Echo and Google Home devices.

If compromised by...

By Ryan Daws, 16 November 2017, 0 comments. Categories: Enterprise, IoT, Security.

Medigate aims to take a new approach to IoT healthcare security with $5.35m funding

The Internet of Things (IoT) is all set to revolutionise the end to end healthcare process; from wearables which collect patient data in real-time, to algorithms which can come up with new diagnoses. Yet securing all of these devices is the major risk.

Meet Medigate. The startup, based out of Israel, has just secured a $5.35 million (£4.08m) funding round for its platform, which secures networked devices alongside medical records, device servers, and other enterprise systems. The capital was raised by...

By James Bourne, 14 November 2017, 0 comments. Categories: Enterprise, Healthcare, IoT, Security.