Cybersecurity Insiders – Nearly Half of Organizations Can’t Tell If Their IoT Devices Were Breached, Finds Study

cybersecurity_insiders_logoThe Internet of Things (IoT) is on the rise. According to Statista, the number of IoT devices are expected to increase from 23.14 billion to 30.73 billion in 2020. By 2025, that number is expected to more than double to 75.44 billion.

Such projected growth highlights the need for organizations to harden their IoT devices. But are companies adequately prepared to meet the challenges of IoT security?

To answer that question, Gemalto surveyed 950 IT and business decision makers globally for its report, The State of IoT Security.

To read the full article click here.

Global Banking & Finance Review – Almost half of companies still can’t detect IoT device breaches, reveals Gemalto study

gbaflogoGemalto, the world leader in digital security, can today reveal that only around half (48%) of businesses can detect if any of their IoT devices suffers a breach. This comes despite companies having an increased focus on IoT security:

  • Spending on protection has grown (from 11% of IoT budget in 2017 to 13% now);
  • Nearly all (90%) believing it is a big consideration for customers; and
  • Almost three times as many now see IoT security as an ethical responsibility (14%), compared to a year ago (4%)

“Given the increase in the number of IoT-enabled devices, it’s extremely worrying to see that businesses still can’t detect if they have been breached,” said Jason Hart, CTO, Data Protection at Gemalto. “With no consistent regulation guiding the industry, it’s no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.”

To read the full article click here.

UKTN – Companies still can’t detect IoT device breaches

uktnDigital security expert Gemalto has revealed its latest research shows that only around half (48%) of businesses can detect if any of their Internet of Things (IoT) devices suffers a breach.

This is despite the UK Government introducing the IoT security code of practice for manufacturers and developers last year.

Jason Hart, CTO of data protection at Gemalto, said: “The push for digital transformation by organisations has a lot to answer for when it comes to security and bad practices. At times it feels organisations are trying to run before they can walk, implementing technology without really understanding what impact it could have on their security.

“With IoT devices continuing to immerse themselves deep within organisations’ networks, it’s frightening to see that so many UK businesses don’t know if and when these devices have been breached.

“Although the UK’s new Code of Practice is a great first step toward securing the IoT, it won’t truly be effective until these are made mandatory and all organisations are forced to adhere to them. Only once every device, new and old, is given these same standards will the UK see a decrease in successful attacks.”

CloudPro – Less than half of businesses can detect IoT data breach

cloudproFirms are now calling for the government to provide better regulations around IoT security

Only 48% of businesses have the infrastructure set up to detect whether their IoT infrastructure is open to a data breach, a report by security firm Gemalto has revealed.

“Given the increase in the number of IoT-enabled devices, it’s extremely worrying to see that businesses still can’t detect if they have been breached,” said Jason Hart, CTO of data protection at Gemalto.

“With no consistent regulation guiding the industry, it’s no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.”

“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store,” Hart continued.

“But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach.”

To read the full article click here.

HelpNet Security – Companies still struggle to detect IoT device breaches

helpnethelpOnly 48% of businesses can detect if any of their IoT devices suffers a breach, according to Gemalto.

This comes despite companies having an increased focus on IoT security:

  • Spending on protection has grown (from 11% of IoT budget in 2017 to 13% now)
  • Nearly all (90%) believing it is a big consideration for customers
  • Almost three times as many now see IoT security as an ethical responsibility (14%), compared to a year ago (4%)

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.

“Given the increase in the number of IoT-enabled devices, it’s extremely worrying to see that businesses still can’t detect if they have been breached,” said Jason Hart, CTO, Data Protection at Gemalto. “With no consistent regulation guiding the industry, it’s no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.”

To read the full article click here.

Information Age – More regulation, more solutions needed: IoT device breaches continue to put user data at risk

informationagenewAlmost half of companies still can’t detect IoT device breaches, according to a Gemalto study. But, use of blockchain technology might provide a solution IoT device breaches continue to frustrate companies and put user data at risk image
‘With IoT devices continuing to immerse themselves deep within organisations’ networks, it’s frightening to see that so many UK businesses don’t know if and when these devices have been breached.’
The Internet of Things (IoT) is beginning to creep into most aspects of consumer and business life; whether you’re talking about a smart home or smart office.

Jason Hart, CTO of data protection at Gemalto, commented: “The push for digital transformation by organisations has a lot to answer for when it comes to security and bad practices. At times it feels organisations are trying to run before they can walk, implementing technology without really understanding what impact it could have on their security.

“With IoT devices continuing to immerse themselves deep within organisations’ networks, it’s frightening to see that so many UK businesses don’t know if and when these devices have been breached. Although the UK’s new Code of Practice is a great first step toward securing the IoT, it’s won’t truly be effective until these are made mandatory and all organisations are forced to adhere to them. Only once every device, new and old, is given these same standards will the UK see a decrease in successful attacks.”

To read the full article click here.

Financial IT – Almost half of companies still can’t detect IoT device breaches, reveals Gemalto study

financial-itGemalto, the world leader in digital security, can today reveal that only around half (48%) of businesses can detect if any of their IoT devices suffers a breach. This comes despite companies having an increased focus on IoT security:

  • Spending on protection has grown (from 11% of IoT budget in 2017 to 13% now);
  • Nearly all (90%) believing it is a big consideration for customers; and
  • Almost three times as many now see IoT security as an ethical responsibility (14%), compared to a year ago (4%)

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.

“Given the increase in the number of IoT-enabled devices, it’s extremely worrying to see that businesses still can’t detect if they have been breached,” said Jason Hart, CTO, Data Protection at Gemalto. “With no consistent regulation guiding the industry, it’s no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.”

To read the full article click here.

Coindesk – Adoption of Blockchain to Secure IoT Doubled in 2018, Says Gemalto

coindeskThe use of blockchain technology to help secure internet of things data, services and devices doubled last year, according to a recent survey by digital security firm Gemalto.

In a report published Tuesday, the firm said blockchain adoption in the IoT sector grew from 9 percent to 19 percent in 2018, even though the industry is still awaiting regulation around the tech.

Jason Hart, CTO of data protection at Gemalto, stressed the need for regulatory clarity in a statement, saying:

“Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store. But while it’s positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they’re not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach.”

To read the full article click here.

Digitalisation World – Almost half of companies still can’t detect IoT device breaches

digitalisation-world2Gemalto reveals that only around half (48%) of businesses can detect if any of their IoT devices suffers a breach. This comes despite companies having an increased focus on IoT security:

  • Spending on protection has grown (from 11% of IoT budget in 2017 to 13% now);
  • Nearly all (90%) believing it is a big consideration for customers; and
  • Almost three times as many now see IoT security as an ethical responsibility (14%), compared to a year ago (4%)

“Given the increase in the number of IoT-enabled devices, it’s extremely worrying to see that businesses still can’t detect if they have been breached,” said Jason Hart, CTO, Data Protection at Gemalto. “With no consistent regulation guiding the industry, it’s no surprise the threats – and, in turn, vulnerability of businesses – are increasing. This will only continue unless governments step in now to help industry avoid losing control.”

To read the full article click here.