There is no doubt that IoT technology has tremendous potential to improve outcomes for customers and also deliver significant business outcomes. As businesses are increasing investment on IoT, security professionals are going through a nightmare implementing secure deployments.
While there are numerous benefits, the highly interconnected nature of IoT setups and deployments coupled with their open nature and diverse hardware is creating a new set of security problems to deal with. According to a report by Gartner, the spending in IoT security is expected to be over half a billion dollars. Additionally, the growth rate is expected to be higher after 2020 as deployments and execution start getting more comfortable.
Read which five things CIOs can do to create a balance between the promise that IoT technology delivers in terms of business benefits with potential security challenges which could be a nightmare for you and your business on Help Net Security.