The April 2017 study comes from strategy consulting firm Altman Vilandrie & Company, and compiles responses on IoT security from 397 IT decision-makers. Here’s what they found.

The Facts

According to the report itself:  

The news comes at a time when many firms are more focused on different breaches, and listening to experts in different areas of research.

The Response

Being prepared can help firms who wish to keep their network secure: Those who avoided a breach were found in the survey to have invested 65 percent more on IoT security than those who were breached. Additional findings include these facts:

68 percent of respondents think about IoT security as a distinct category; yet only 43 percent have a standalone budget.Despite the fact that separate business units may have different needs, 74 percent of firms centralize IoT security decisions for the entire organization.After “preventing loss of control over IoT devices”, traditional cybersecurity concerns such as “preventing breaches of customer information” and“preventing breaches of company data” are ranked as the next most important reasons to adopt IoT security.

As the survey sums up: In the past few weeks alone, we’ve seen security concerns arise around enterprise companies’ databases, ad fraud in the Google Play store, and the potential fraud to be found in the future of voice interfaces. Now, it looks like firms across the nation can add IoT security to that list. Read more about protecting your company from hackers at Tech.Co

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