IoT attacks, hacker motivations and recommended countermeasures
11.12.2020 –
Knowledge Hub
Businesses worldwide spent $1.5 billion on IoT security in 2019. An incredible number, especially given we are just beginning the IoT journey. When it comes to connecting devices via cellular IoT, the selling-point is typically the data and derived insights – this is where the customer sees real value, more so than in any security benefits. That said, IoT solution providers not taking security measures into consideration are risking significant revenue and reputation loss in the event of a security breach – both for their own business as well as their customer’s business. In the worst cases, the harm done from one security breach will far outweigh any previously created customer value. Businesses that can explain and demonstrate their security concepts will gain a competitive advantage.
Read more
