Companies losing money from IoT security holes | Telecom Asia
The study found that among companies surveyed that are struggling the most with IoT security, 25% reported IoT security-related losses of at least $34 million in the last two years.
These findings come amid a ramping up of IoT focus within the typical organization. More than four in five (83%) respondents indicated that IoT is extremely important to them currently, while 92% they anticipate IoT to be extremely important to their respective organizations within two years.