The IoT threat landscape is expanding rapidly, yet few companies are addressing third party risk factors – Help Net Security
There is a dramatic increase in IoT-related data breaches specifically due to an unsecured IoT device or application since 2017 – from 15 percent to 26 percent – and the results might actually be greater because most organizations are not aware of every unsecure IoT device or application in their environment or from third party vendors, a Santa Fe Group study reveals.
More alarmingly, organizations surveyed have no centralized accountability to address or manage IoT risks. Less than half of company board members approve programs intended to reduce third party risk and only 21 percent of board members are highly engaged in security practices and understand third party and cybersecurity risks in general.