IoT Adds Complicated Layer to Risk Management

| April 18, 2018

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The Internet of Things (IoT) is changing everything, in both good and bad ways, and we just aren’t prepared for the problems that will arise from this idea that everything has to be connected. That’s not just my cynical opinion. Ponemon Institute and Shared Assessments Program put out a report, The Internet of Things (IoT): A New Era of Third Party Risk, and found that almost everyone (97 percent) believes they’ll have to deal with a catastrophic IoT-related event within the next two years. There are plenty of reasons why: the increase of IoT devices in the average workplace (nearly 25,000, up about 10,000 devices from last year); unsecure applications on IoT devices; and concerns over third-party contracts and control over the devices.

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