Three items β two surveys and a government study β that were released in recent weeks show just how serious the Internet of Things (IoT) security situation is.
Altman Vilandrie & Company found that 48 percent of responding organizationsβ IoT networks have been breached, some more than once.
The survey, which included results from almost 400 firms, also touched on budgetary issues. IoT security breaches are equal to 13.4 percent of annual total revenue of firms that take in less than $5 million. Almost half of larger companies with annual revenues of more than $2 billion estimated just one breach could cost more than $20 Β million, according to the press release.
http://www.itbusinessedge.com/blogs/data-and-telecom/iot-security-even-worse-than-you-think.html
Carl Weinschenk –Β senior editor of Broadband Technology Report.
