Despite broad concerns about cyberattacks, outages and privacy violations, most experts believe the Internet of Things will continue to expand successfully the next few years,tying machines to machines and linking people to valuable resources, services and opportunities.
Source: Implications of The Internet of Things Connectivity Binge | Pew Research Center
‘A Regulation of security around the internet of things (IoT) is becoming more critical as the things being connected become more critical, according to security techologist Bruce Schneier.
“Regulation is coming and is coming in a big way,” he told Infosecurity Europe 2017 in London, urging the security industry to embrace the fact and get involved.
Schneier said while there is always concern that regulation will stifle innovation, this has not been historically true. In reality, industry always ends up adapting, he said.
“We will adapt too. We are going to have to because governments will get involved regardless because the risks are too great and the stakes are too high.’
Source: Infosec17: IoT security regulation coming, warns Bruce Schneier | Computer Weekly
Researchers from the University of Michigan and Stony Brook University published a paper explaining a novel approach to IoT security challenges (pdf). The researchers pose the question:
“What are the new intellectual challenges in the science of security when we talk about the Internet of Things, and what problems can we solve using currently known security techniques?”
Source: Researchers find gaps in IoT security | Network World
“Not only is the Internet of Things (IoT) market rife with opportunity but also risks.A recent survey of 397 IT executives conducted by consulting firm Altman Vilandrie & Company found that nearly half of U.S. companies (48 percent) have been hit by an IoT security breach. And the effects of those breaches can be costly.
For businesses with annual sales of under $5 million, the cost of a breach can account for 13.4 percent of revenues. Meanwhile, larger firms can suffer losses in the tens of millions of dollars. Among companies that generate more than $2 billion in revenue each year, nearly half said the potential cost of a single IoT security breach can surpass $20 million.”
“While Internet of Things (IoT) ecosystem is gaining momentum globally, a new survey has found that enterprises did not consider nearly a third of all the completed projects a success and plenty of things can be done to get more projects out of pilot.
The study, conducted by Global networking giant Cisco, shows that 60 per cent of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26 per cent of companies have had an IoT initiative that they considered a complete success.
Source: Cisco: Nearly 3/4th of Internet of Things projects are failing: Cisco | The Economic Times
“The Internet of Things (IoT) refers to the technologies and devices that sense information and communicate it to the Internet or other networks and, in some cases, act on that information. These “smart” devices are increasingly being used to communicate and process quantities and types of information that have never been captured before and respond automatically to improve industrial processes, public services, and the well-being of individual consumers. For example, a “connected” fitness tracker can monitor a user’s vital statistics, and store the information on a smartphone. A “smart” tractor can use GPS-based driving guidance to maximize crop planting or harvesting.”
Source: Internet of Things: Status and implications of an increasingly connected world | ScienceBlog.com
“By amalgamating both the digital and the physical realms within the technological ecosystem, we’re now standing at the cusp of expanding the dimensions and possibilities of the Internet of Things within the information technology space. As a nation we are swiftly moving towards a future which will work on the fundamental communication of convergence, the ability to correspond with different personnels via a single connected device. Due to its complicated demography and size of the population, the concept of IoT and its merger with the governments ‘Digital India’ campaign makes it an extremely attractive proposition which has the ability to solve the nations dependence on multiple devices. “
Source: The Abyss That Is Internet of Things -Manish Sharma | BW Disrupt
Internet of Things: Complexity breeds risk
Source: Internet of Things: Complexity breeds risk | BusinessWorld
“For several years, the IT industry has enthusiastically extolled the virtues of the Internet of Things (IoT), eager to enlighten us to the difference that living in a connected world will make to all our lives.
Now the IoT is here – in our homes and in the workplace. Its uses range widely, from domestic time-savers like switching on the heating, to surveillance systems, to “intelligent” light bulbs, to the smart office dream.
This proliferation of devices and objects collect and share huge amounts of data. However proliferation also has the potential to create greater opportunities for vulnerabilities. Moreover, because these devices are connected to one another, if one device is compromised, a hacker has the potential opportunity to connect to multiple other devices on the network.”
Source: Internet of Things Security – are you failing to prepare? | Real Wire
The Internet of Things (or IoT) is a tech buzzword that many people have heard of but still don’t quite understand. The first thing you should know about the IoT is that its definition can be simplified down to the connection of formerly unconnected things to the Internet.
If you’ve ever seen a smartwatch then you’ve seen the IoT firsthand. But the IoT goes far beyond consumer devices and includes things like internet-connected manufacturing equipment and healthcare devices, all of which allow companies to create new automation processes and track data like never before.
To understand the IoT’s full impact and how it’s changing our world, check out these amazing Internet of Things facts:”
Source: These Jaw-Dropping Facts Will Change Your Mind About the Internet of Things | The Motley Fool
