infographic
A
DigiCert’s 2018 State of IoT
survey reveals security as the
top concern as IoT takes centre
stage with 91% of companies
saying it will be extremely
important in the next two years.
22
A study from DigiCert, Inc, a leading
provider of TLS/SSL, PKI and IoT
security solutions, has revealed that
enterprises have begun sustaining
significant monetary losses stemming
from the lack of good practices as
they move forward with incorporating
the Internet of Things (IoT) into their
business models. Among companies
surveyed that are struggling the
most with IoT security, 25% reported
IoT security-related losses of nearly
£257,333 in the last two years.
These findings come amid a ramping
up of IoT focus within the typical
organisation. A total of 71% of
respondents indicated that IoT is
extremely important to them currently,
while 91% said they anticipated IoT
to be extremely important to their
respective organisations within two
years. The survey was conducted by
ReRez Research in September 2018,
with 700 enterprise organisations
in the US, UK, Germany, France
and Japan from across critical
infrastructure industries.
Top concerns
Security and privacy topped the
list of concerns for IoT projects,
with 82% of respondents stating
they were somewhat to extremely
concerned about security challenges.
“Enterprises today fully grasp the
reality that the Internet of Things is
Enterprises today
fully grasp the
reality that the
Internet of Things
is upon us and will
continue
to revolutionise
the way we live,
work and recreate.
Due diligence
when it comes to
authentication,
encryption and
integrity of IoT
devices and systems
can help enterprises
reliably and safely
embrace IoT.
upon us and will continue to revolutionise
the way we live, work and recreate,”
said Mike Nelson, Vice President of IoT
Security at DigiCert. “Securing IoT devices
is still a top priority that many enterprises
are struggling to manage; however,
integrating security at the beginning and
all the way through IoT implementations,
is vital to mitigating rising attacks, which
can be expected to continue. Due
diligence when it comes to authentication,
encryption and integrity of IoT devices and
systems can help enterprises reliably and
safely embrace IoT.”
Top vs bottom performers
To give visibility to the specific
challenges enterprises are encountering
with IoT implementations, respondents
were asked a series of questions using a
wide variance of terminology.
Using standard survey methodology,
respondents’ answers were then scored
and divided into three tiers:
• Top-tier: Enterprises experiencing
fewer problems and demonstrating a
degree of mastery mitigating specific
aspects of IoT security.
• Middle-tier: Enterprises scoring in
the middle range in terms of their IoT
security results.
• Bottom-tier: Enterprises
experiencing more problems that
were much more likely to report
difficulties mastering IoT security. u
Issue 10
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