Half of Companies Can't Detect IoT Breaches, Says Gemalto Study

In a recent announcement, Gemalto, digital security company, reveals that only around half (48 percent) of businesses can detect if any of their IoT devices suffers a breach, according to a recent study the company has released. This comes despite companies having an increased focus on IoT security: Spending on protection has grown (from 11 percent of IoT budget in 2017 to 13 percent now); Nearly all (90 percent) believing it is a big consideration for customers; and Almost three times as many now see IoT security as an ethical responsibility (14 percent), compared to a year ago (4 percent) With the number of connected devices set to top 20 billion by 2023, businesses must act quickly to ensure their IoT breach detection is as effective as possible.