The Internet of Things, or IoT, is expected to grow to become a $1.7 trillion market by 2020, up from $655.8 billion it reached in 2014, according to research firm IDC. Many of these devices will be consumer devices, to be sure, but many more will be enterprise and business devices. Gartner estimates that there are more than 1.6 billion business-connected IoT devices. And the growth is just getting started, and will reach 8 billion by 2020.
With billions of newly connected devices coming online within the next four years, security managers are going to find themselves with a new and complex challenge on their hands, as they look for ways to manage and protect not only the availability and security of these devices, but all of the data that they generate that will be needed to store and analyze.
While CSO has been discussing what IoT means for security for a number of years now, the risks are much less hypothetical now, and we are starting to see real world incidents and research, including everything from security systems to automobiles having been shown to be vulnerable to attack. All of this could prove to be a real security headache as everything from corporate fleets to manufacturing floors to smart buildings become “end-points” CISOs must protect.
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