One of the key messages from Verizon’s latest “State of the Market: Internet of Things” report is that with the estimated 8.4 billion connected devices (which represents a 31 percent increase on 2016), there is a lack of industry-wide standards for Internet of Things devices and this should be giving businesses major security concerns. The operative word here is “should”, because many businesses are simply unaware of the vulnerabilities.

The Internet of Things is not only important for businesses in terms of the number of connected devices; it also represents a significant proportion of the economy, being valued by Verizon at $2 trillion in terms of technology purchases that are or can be connected.

Source: Internet of Things grows, as does cycbersecurity risks | Digitl Journal