Orgs Slow to Advance IoT Security

Despite the burgeoning IoT market, organizations made limited progress on IoT security in 2018, according to a new report from Gemalto. Though there is evidence of incremental improvements, security measures are being outpaced by the rapid growth of IoT, which is on track to hit 20 billion devices by 2023. The survey queried 950 IT and business decision-makers with awareness of IoT in their organization in 2018. Of those, only 48% of companies said that they have the ability to detect whether their IoT devices have suffered a breach; however, 90% of respondents believe that security is a major concern for their customers. According to the report, more than half (54%) of consumers fear that their privacy may be compromised with IoT devices, yet only 14% of the survey participants see protecting customer privacy by security IoT devices as an ethical responsibility.