It started with “every company is a technology company,” moved to “every business is a digital business” and now I think we’re at “every industry is an internet of things (IoT) industry.”

The technology that powers an organization has become just as essential to success as the product or service a venture provides. Every sector — from finance to agriculture to transportation to healthcare to government to media — is subject to this truth. Business technology must now interconnect people with the proliferating devices, data and systems that populate our digitalized world via the internet. The type of infrastructure that enables a business to address this evolution is dubbed the industrial internet of things (IIoT), but it really isn’t a separate concern. It’s all part of the same movement pushing modern commerce into its future state.

Source: The Industrial Internet Of Things, Digitalization And The Future Of Business | Forbes

The Internet of Things continues to grow rapidly, but concerns about security remain a significant barrier and are hindering the adoption of IoT devices.

Research by Bain & Company finds that enterprise customers would be willing to buy more IoT devices if their concerns about cybersecurity risks were addressed—on average, at least 70% more than what they might buy if their concerns remain unresolved. In addition, 93% of the executives we surveyed say they would pay an average of 22% more for devices with better security. Bain estimates that improving security solutions for these devices could grow the IoT cybersecurity market by $9 billion to $11 billion in 2020.

Source: To Grow The Internet Of Things, Improve Security | Forbes

The Internet of Things, or IoT, is one of the more recent technological terms to have crept into the mainstream media in recent years.
It’s safe to assume that the majority of consumers and businesses will have now heard the phrase many times, and yet there remains a lack of understanding about exactly what IoT means Ritam Gandhi, director and founder, Studio Graphene explains more.

As an agency that works with budding entrepreneurs at the very start of their business journey, as well as innovation teams within larger companies, at Studio Graphene we have witnessed this knowledge gap first hand. Simply put, education is required so that, first and foremost, more people understand what is meant by IoT; secondly, and more importantly, professionals across both the public and private sectors must have a firmer grasp on exactly how IoT can deliver positive change within their organisations.

Source: The scope for innovation through IoT is simply too great to ignore | Business Matters

For years, technologists have talked about the coming age of IoT, or the Internet of Things. And it’s finally here. For every person on the internet doing work or being entertained, a multitude of machines are automatically reporting device location, temperature, speed and other status data online. About 4 billion people use the internet. But that number is dwarfed by the roughly 12 billion devices sending data over the internet, often with little or no human intervention.

Source: IOT Devices Take Hold, And Internet Of Things Eclipses The Internet Of People | Investor’s

Cyber criminals shut down parts of the Web in October 2016 by attacking the computers that serve as the internet’s switchboard. Their weaponof choice? Poorly secured Web cameras and other internet-connected gadgets that have collectively come to be known as the Internet of Things (IoT). The attack created a minor panic among people trying to visit Sony PlayStation Network, Twitter, GitHub and Spotify’s Web sites, but it had little long-term effect on internet use or the hijacked devices. Less than two years later, however, security experts are sounding the alarm over a new and possibly more nefarious type of IoT attack that “cryptojacks” smart devices, surreptitiously stealing their computing power to help cyber criminals make digital money.

Source: How Cryptojacking Can Corrupt the Internet of Things | Scientific American

A few weeks ago, major retailers stopped selling toys from the company CloudPets after more than 2 million recorded messages were leaked in a major security breach. Internet of things (IoT) security breaches are as prevalent as they’re varied. From medical devices and traffic lights to automobiles and toys, each hitherto unconnected device that now joins the big bad world wide web brings additional security mysteries to the fore. And with over 20 billion connected devices projected to be in use by 2020, these are mysteries we must unravel.

There are plenty of reasons for the current gaps in IoT security including a lack of regulation, market failures and stakeholder indifference, although none of these are insurmountable. Even considering these challenges, there are concrete steps that we can take to avoid future IoT mishaps and eventual attacks by an animatronic locust swarm.

Source: Your IoT Is Probably Not A-OK | Forbes

Internet of Things (otherwise known as IoT) devices have seen a huge rise in popularity in recent years.

In a bid to satisfy the consumer craving for convenience and connectivity, manufacturers have been aggressively adding wireless connectivity to their entire product line.

We’re living in a world where fridges come with WiFi, cars with Twitter and toothbrushes with Bluetooth are widely available.

Whenever a big name manufacturer releases a new “smart” or “connected” product, researchers like myself are drawn to investigating the potential security and privacy issues that device may have.

For the most part, these manufacturers are pretty good at responding to any concerns and fixing issues fairly quickly.

Source: Internet of things: security concerns over cheap IoT toys and gadgets | Lovemoney

 

 

 

 

 

Nearly a half-billion Internet of Things devices are vulnerable to cyberattacks at businesses worldwide because of a 10-year-old security flaw, according to a new report from a security software vendor.

The report was published Friday by Armis, a provider of Internet of Things security software for enterprises that focuses on detecting threats in IoT devices at workplaces. The Palo Alto, Calif.-based company has previously made security disclosures, including the BlueBorne malware attack that impacted 5 billion IoT devices.

The web exploit in question is called DNS rebinding, an attack first disclosed at the RSA Conference in 2008 that allows an attacker to bypass a network firewall and use a victim’s web browser to access other devices on the network. The attacker can gain access to the web browser through a malicious link enclosed within an email, banner ad or another source. This can leave devices susceptible to data exfiltration, compromise and hijacking, the latter of which could lead to a botnet attack similar to the Mirai malware that took down major websites in 2016.

Source: IoT Security Flaw Leaves 496 Million Devices Vulnerable At Businesses: Report | CRN

Since the advent of computers, the languages have been designed to facilitate communications between people and computers. But the landscape has changed and in the age of the Industrial Internet of Things (IIoT) that approach simply doesn’t cut it. What is now required is a software language that allows both machine to machine and machine to computer communications.

That is exactly what Atomiton has achieved with its Thing Query Language (TQL). Its software is currently used in oil and gas, smart cities, agriculture and industrial automation. The San Jose, California-based industrial software company was founded five years ago by Jane Ren, who in her previous role had been one of the original founders of GE’s digital arm. The plan is to create an operating system, or stack as Ren prefers to call it, that allows machines, equipment or devices to talk to each other and that is programmable.

Source: Bringing Collective Intelligence to The Industrial Internet of Things Makes Devices Compute | Forbes

The Internet of Things is going to solve climate change, fix our political system, and ensure that you can always find a parking spot. Some see a future of 15 billion connected devices.

Now, just the tiny matter of deploying them. There’s a long way between all IoT’s utopian promises and the reality. We’ve never attempted anything like this before.

The challenges are immense. How do those devices work autonomously? How do they work together? How do you balance the energy overhead of sending data from a low-powered sensor against processing it locally? What’s the best format for your data and how can you use it when it arrives back at base?

Source: So you’re doing an IoT project. Cute. Let’s start with the basics: Security |The Register