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How Much Do Organizations Understand the Risk Exposure of IoT Devices?

How Much Do Organizations Understand the Risk Exposure of IoT Devices?
  • In the digital age, cyber is everywhere. Cyber risk now permeates nearly every aspect of how we live and work. Organizations should better understand how to manage the risks created by known and unknown Internet of Things (IoT) and Industrial IoT (IIoT) devices.
  • Security-by-design saves time: it takes longer to retroactively fix issues than it does to do it correctly the first time when building the product.
  • Security-by-design reduces cost: it costs more to mitigate the risk of vulnerability exploitation than to implement security in the beginning.
  • According to a recent Deloitte poll, nearly half of respondents (48%) realized it is imperative, when developing or deploying secure-by-design connected products and/or devices, that both of these conditions exist:

Why it matters?
The number of cyberattacks, data breaches and overall business disruption caused by unsecured IoT/IIoT devices are increasing because many companies don’t know the depth and breadth of the risk exposures they face when leveraging IoT devices and other emerging technologies.

IoT and IIoT are a set of business and technology innovations that offers many compelling benefits, but they also present significant cybersecurity risks and a greatly expanded attack surface. Mitigating these risks by understanding IoT/IIoT platform security can help organizations realize greater potential and benefits of these innovations.

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