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Facing the Fear and Securing the Internet of Things (IoT)
It’s official. There are officially more IoT devices than humans in the world. And by 2020, there will be twice as many of them than us. It can be a sobering thought, especially if you’ve ever seen the 1980s Stephen King movie Maximum Overdrive, where the machines came alive and turned homicidal. And according to a recent study by Gemalto, 90% of consumers said they don’t have confidence in IoT security. Furthermore, the study found that only 50% of companies have adopted a “security by design” approach, and more than half of consumers have concerns about their IoT devices being hacked or their data stolen. So maybe I’m not alone in my fears? Even scarier is the fact enterprise security breaches are happening more often, with more brute force and at higher costs. There are an average of thirteen enterprise security breaches every day, resulting in roughly 10 million records lost a day—or 420,000 every hour. Security researchers are quick to point out the vulnerabilities of connected devices and the potential harm of connecting to a device that has not been properly secured.
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