news
Report shows 80% of businesses already use IoT
platforms despite security risks
measure production performance,
introduce automation and increase
efficiencies. All this makes IoT
systems critical, therefore it is
important to not let a failure in such
systems ruin the positive impact on
businesses and people.
Kaspersky report — With
A
superpower comes super
responsibility: Benefits and
challenges of IoT in business — has
revealed that the use of Internet of
Things (IoT) business platforms is
growing year-on-year in almost all
industries. In 2019, 80% of companies
in the META region implemented
IoT applications. The technology is
benefitting businesses with savings,
new income streams and increased
production efficiency, but the fact that
51% of META organisations experience
cybersecurity incidents targeting
connected devices also reveals the need
to carefully protect IoT.
The Internet of Things is actively
developing technology, with Gartner
predicting there will be approximately
25 billion IoT connections by 2025.
IoT increases the level of comfort
we experience at home and in our
cities, helps to solve resourcing
issues and allows organisations to
Kaspersky’s report shows that the
use of IoT platforms has increased
in almost all industries globally,
with the most significant growth in
hospitality (from 53% in 2018 to 63%
in 2019), healthcare (from 56% to
66%) and finance (from 60% to 68%).
As of 2019, the IT and telecom (71%)
and finance (68%) industries have
embraced IoT more than all other
verticals. IoT platforms are used in
many different use cases including
Smart Cities, grids, metering,
transportation and logistics, as well
as automated manufacturing and
connected heating, venting and air
conditioning (HVAC).
OCULEUS WINS CYBERSECURITY EXCELLENCE AWARD FOR
COMMUNICATIONS FRAUD PROTECTION
culeus, a leading
O
provider of innovative
telecommunications
solutions based in Germany,
has won the Cybersecurity
Excellence Award in the
category for Communications
Fraud Protection for the third
consecutive year.
The company won the award
for its AI-driven Oculeus-
Protect service for protecting
enterprise telephony systems
and communications networks
against telecoms fraud.
Oculeus-Protect provides
an intelligent and automated
framework to efficiently prevent
false charges resulting from
PBX hacking and toll fraud,
which are two of the most
damaging forms of telecoms
fraud. PBX hacking and toll fraud
involve cybercriminals injecting
expensive telecommunications
traffic, often to remote
destinations, into the telephony
systems of enterprises.
To execute a toll fraud attack,
a cybercriminal only needs the
communication credentials of a
PBX system, which are available
in every call. The analyst firm,
Technology Research Institute,
estimates this telecoms fraud
over enterprise PBX systems is
causing around US$8 billion in
financial damage each year to
business worldwide.
The company won the
award for its AI-driven
Oculeus-Protect service
www.intelligentciso.com | Issue 24
9