Enterprises Need Security 101 to Keep IoT Devices Safe
Almost half (46 percent) of U.S. firms that use an Internet of Things (IoT) network have been hit by at least one security breach.
This, according to a survey by consulting firm Altman Vilandrie & Company, which said the cost of the breaches represented 13.4 percent of the total revenues for companies with revenues under $5 million annually and tens of millions of dollars for the largest firms. Nearly half of firms with annual revenues above $2 billon estimated the potential cost of one IoT breach at more than $20 million.
The survey found that while 68 percent of respondents think about IoT security as a distinct category, only 43 percent have a standalone budget. Read more…
