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Companies embracing IoT despite security risks

March 06, 2020 / Anthony Spadafora

New research from Kaspersky has revealed that 61 percent of businesses are already using IoT platforms despite the significant security risks that come with their adoption. The firm's new report, titled “With superpower comes super responsibility: benefits and challenges of IoT in business”, shows that the use of IoT business platforms is growing year-on-year in almost all industries. According to Kaspersky, the most significant growth was seen in hospitality (from 53% in 2018 to 63% in 2019), healthcare (from 56% to 66%) and finance (from 60% to 68%). As of last year though, The IT and telecom (71%) and finance (68%) industries have embraced IoT more than all other verticals. IoT platforms currently have many use cases including smart cities, grids, metering, transportation and logistics as well as automated manufacturing and connected heating, venting and air conditioning (HVAC).