. https://www.iotcentral.io/blog/iot-security-compliance-checklist
blog article
Recurrent cases of Cyber attacks such as the Dyn Cyberattack in 2016 and the Jeep Cherokee Hack in 2014 are all proof that any IoT device needs a robust IoT Security Framework in place to avoid a security problem. Any hack into an IoT Network can make bring a business to a complete standstill, and this can lead to a loss in brand loyalty, loss in revenue, and more depending on the nature and severity of the attack. In fact, Cyber attacks cost U.S. enterprises $1.3 million on average in 2017.This is a huge figure considering the fact that the average cost of a cyber attack for enterprises grew from $1.2 million in 2016 to $1.3 million in 2017. That’s 10 times higher than the $117K cost of a breach for SMBs. To understand more read the Importance of IoT Security Compliance. READ MORE