Gemalto survey confirms that Consumers lack confidence in IoT device security
(Thomson Reuters ONE) -
Businesses and consumers support government-mandated IoT security regulations
* Most organizations (96%) and consumers (90%) believe there is a need for IoT
security regulations - and want government involvement
* A hacker controlling IoT devices is the most common concern for consumers
(65%), while six in ten (60%) worry about their data being stolen
* More than two-thirds (67%) of businesses encrypt all data captured or stored
via IoT devices
Amsterdam, October 31, 2017 - Gemalto, the world leader in digital security,
today reveal that 90% of consumers lack confidence in the security of Internet
of Things (IoT) devices. This comes as more than two-thirds of consumers and
almost 80% of organizations support governments getting involved in setting IoT
security.
"It's clear that both consumers and businesses have serious concerns around IoT
security and little confidence that IoT service providers and device
manufacturers will be able to protect IoT devices and more importantly the
integrity of the data created, stored and transmitted by these devices," said
Jason Hart, CTO, Data Protection at Gemalto. "With legislation like GDPR showing
that governments are beginning to recognize the threats and long-lasting damage
cyber-attacks can have on everyday lives, they now need to step up when it comes
to IoT security. Until there is confidence in IoT amongst businesses and
consumers, it won't see mainstream adoption."
The current state of play in IoT security
Consumers' main fear (cited by two thirds of respondents) is hackers taking
control of their device. In fact, this was more of a concern than their data
being leaked (60%) and hackers accessing their personal information (54%).
Despite more than half (54%) of consumers owning an IoT device (on average two),
just 14% believe that they are extremely knowledgeable when it comes to the
security of these devices, showing education is needed among both consumers and
businesses.
In terms of the level of investment in security, the survey found that IoT
device manufacturers and service providers spend just 11% of their total IoT
budget on securing their IoT devices. The study found that these companies do
recognize the importance of protecting devices and the data they generate or
transfer with 50% of companies adopting a security by design approach. Two-
thirds (67%) of organizations report encryption as their main method of securing
IoT assets with 62% encrypting the data as soon as it reaches their IoT device,
while 59% as it leaves the device. Ninety two percent of companies also see an
increase in sales or product usage after implementing IoT security measures.
Support for IoT security regulations gains traction
According to the survey, businesses are in favor of regulations to make it clear
who is responsible for securing IoT devices and data at each stage of its
journey (61%) and the implications of non- compliance (55%). In fact, almost
every organization (96%) and consumer (90%) is looking for government-enforced
IoT security regulation.
Lack of end-to-end capabilities leading to partnerships
Encouragingly, businesses are realizing that they need support in understanding
IoT technology and are turning to partners to help, with cloud service providers
(52%) and IoT service providers (50%) the favored options. When asked why, the
top reason was a lack of expertise and skills (47%), followed by help in
facilitating and speeding up their IoT deployment (46%).
While these partnerships may be benefiting businesses in adopting IoT,
organizations admitted they don't have complete control over the data that IoT
products or services collect as it moves from partner to partner, potentially
leaving it unprotected.
"The lack of knowledge among both the business and consumer worlds is quite
worrying and it's leading to gaps in the IoT ecosystem that hackers will
exploit," Hart continues. "Within this ecosystem, there are four groups involved
- consumers, manufacturers, cloud service providers and third parties - all of
which have a responsibility to protect the data. 'Security by design' is the
most effective approach to mitigate against a breach. Furthermore, IoT devices
are a portal to the wider network and failing to protect them is like leaving
your door wide open for hackers to walk in. Until both sides increase their
knowledge of how to protect themselves and adopt industry standard approaches,
IoT will continue to be a treasure trove of opportunity for hackers."
Related Resources:
* Report: - http://www6.gemalto.com/state-of-iot-security-2017-press-release
* Website: http://www2.gemalto.com/iot/
* Infographic: https://safenet.gemalto.com/resources/data-protection/state-of-
iot-security-infographic
* Gemalto IoT solutions: http://www.gemalto.com/iot
About Gemalto
Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2016 annual revenues of ?3.1 billion and customers in over 180 countries.
We bring trust to an increasingly connected world.
From secure software to biometrics and encryption, our technologies and services
enable businesses and governments to authenticate identities and protect data so
they stay safe and enable services in personal devices, connected objects, the
cloud and in between.
Gemalto's solutions are at the heart of modern life, from payment to enterprise
security and the internet of things. We authenticate people, transactions and
objects, encrypt data and create value for software - enabling our clients to
deliver secure digital services for billions of individuals and things.
Our 15,000+ employees operate out of 112 offices, 43 personalization and data
centers, and 30 research and software development centers located in 48
countries.
For more information visit www.gemalto.com, or follow (at)gemalto on Twitter.
Gemalto media contacts:
Philippe Benitez Kristel Teyras Shintaro Suzuki
Americas Europe Middle East & Asia Pacific
+1 512 257 3869 Africa +65 6317 8266
philippe.benitez(at)gemalto.com +33 1 55 01 57 89 shintaro.suzuki(at)gemalto.com
kristel.teyras(at)gemalto.com
Press release (PDF):
http://hugin.info/159293/R/2145267/822352.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 565887
Anzahl Zeichen: 7458
contact information:
Town:
Meudon
Kategorie:
Business News
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