Smart Cities

“The Internet of Things Requires An Entirely Different Approach To Security”

There seems little doubt about it anymore; the Internet of Things (IoT) age is upon us. Predictions for IoT growth and adoption, from the world’s biggest economic analysis agencies, range from huge to incredibly huge. Yet we are still to agree on a suitable formula to make the IoT secure from cyber attack, and if this issue is not resolved soon, it could be too late to avoid catastrophe. Bain calculates that by 2020 annual revenues could exceed $470B for the IoT vendors selling the hardware, software and comprehensive solutions. General Electric estimates investment in the Industrial Internet of Things (IIoT) will top $60 trillion during the next 15 years. IHS forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025. “As vendors scramble for their share of the market, they cut corners or completely ignore cyber […]

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Security

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