none

REPORT REVEALS CONTINUING GLOBAL IOT SECURITY CONCERNS

17-01-2019
by 
in 

Despite an increased global focus on IoT security, the latest report from security specialist Gemalto reveals that only around half (48%) of businesses can detect if any of their IoT devices suffers a breach. “The state of IoT security” also finds that the proportion of companies’ IoT budgets spent on security is increasing, while companies increasingly see IoT security as an ethical responsibility.

The report follows a global survey of 950 IT and business decision makers, including 100 from Australia. The manufacturing sector was strongly represented, with 107 individuals surveyed worldwide.

“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,” says Jason Hart, CTO, Data Protection at Gemalto.

One strong global trend identified in the survey is that companies want governments to intervene, with 79% asking for more robust guidelines on IoT security, and 59% seeking clarification on who is responsible for protecting IoT.

Despite the fact that many governments have already enacted or announced regulations specific to IoT security, almost all (95%) businesses believe there should be uniform regulations in place.

Hart adds: “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.”

The increased focus on security is still based on traditional methods. The majority (71%) encrypt their data, while password protection (66%) and two-factor authentication (38%) remain prominent.

There is, however, growing support for the use of Blockchain technology, with a quarter (23%) of respondents believe that it would be an ideal solution to use for securing IoT devices, and 91% of organisations that don’t currently use the technology are likely to consider it in the future.

Hart continues: “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.”

“The state of IoT security” is available now from the Gemalto website.

Related news & editorials

  1. National Secretary Mark Diamond said while progress on an effective vaccine was encouraging, the current outbreak in Greater Sydney and emergence of a new highly infectious variant demonstrated the pandemic was far from over.
    19.01.2021
    19.01.2021
    by      In , In
    Australia’s public transport union has launched a national campaign to better protect workers who are at significant risk of death or serious illness from COVID-19.
    The Rail, Tram and Bus Union is calling for a new COVID-Vulnerable Worker Payment scheme to protect essential workers who are... Read More
  2. A world-first advanced manufacturing accelerator known as ‘Line Zero – Factory of the Future’ has begun construction at the Tonsley Innovation District near Adelaide, thanks to a major funding boost.
    19.01.2021
    19.01.2021
    by      In , In
    A world-first advanced manufacturing accelerator known as ‘Line Zero – Factory of the Future’ has begun construction at the Tonsley Innovation District near Adelaide, thanks to a major funding boost.
    The South Australian government has matched a $5 million commitment from Flinders University into... Read More
  3. Mitch Avins will head the new location which will serve the South West Region’s major industries including mining, logging, agriculture, construction, marine and manufacturing.
    19.01.2021
    19.01.2021
    by      In , In , In
    A new Hydraulink franchise to service transport and heavy machinery is set to open in Bunbury, Western Australia, as part of the company’s plans to expand to major mining and agricultural centres.
    Mitch Avins will head the new location which will serve the South West Region’s major industries... Read More
  4. Within five years CEP Energy aims to build capacity to generate 1500 megawatts of power, with 1000 megawatts of battery storage – enough to power around 600,000 homes
    14.01.2021
    14.01.2021
    by      In
    A joint venture between Australia’s largest commercial and industrial real estate owner and a renewable energy company is hoped to spur a network of rooftop solar farms and grid-scale batteries, which will offset power usage by manufacturers.
    Former Ford and General Motors Holden sites in NSW,... Read More