Less than half of businesses can detect IoT data breach

Firms are now calling for the government to provide better regulations around IoT security

IoT

Only 48% of businesses have the infrastructure set up to detect whether their IoT infrastructure is open to a data breach, a report by security firm Gemalto has revealed.

Firms are now asking for the government to intervene and set better regulations around IoT security to prevent potentially damaging hacks into such devices.

In fact, 79% of the 950 decision makers the company spoke to said they think the government should play a more involved part in combating IoT-related cybercrime, whether this is creating a framework for firms to adhere to or making it clearer who is responsible for protecting IoT.

"Given the increase in the number of IoT-enabled devices, it's extremely worrying to see that businesses still can't detect if they have been breached," said Jason Hart, CTO of data protection at Gemalto.

"With no consistent regulation guiding the industry, it's no surprise the threats and, in turn, vulnerability of businesses are increasing. This will only continue unless governments step in now to help industry avoid losing control."

The leading challenges businesses refer to when discussing IoT security are data privacy (38%) and the collection of large volumes of data - a problem surfaced by 34% of respondents.

However, perhaps surprisingly, Gemalto's report revealed that only 59% of organisations are investing in IoT security, such as encrypting data sent over the network.

One of the leading technologies adopted by businesses to secure their data against criminals is the use of blockchain and adoption is up to 19% from just 9% in the last year and almost a quarter of firms are now saying they would consider using it to protect their assets.

"Businesses are clearly feeling the pressure of protecting the growing amount of data they collect and store," Hart continued.

"But while it's positive they are attempting to address that by investing in more security, such as blockchain, they need direct guidance to ensure they're not leaving themselves exposed. In order to get this, businesses need to be putting more pressure on the government to act, as it is them that will be hit if they suffer a breach."

Featured Resources

How to scale your organisation in the cloud

How to overcome common scaling challenges and choose the right scalable cloud service

Download now

The people factor: A critical ingredient for intelligent communications

How to improve communication within your business

Download now

Future of video conferencing

Optimising video conferencing features to achieve business goals

Download now

Improving cyber security for remote working

13 recommendations for security from any location

Download now

Recommended

IT security awareness and training firm KnowBe4 acquires MediaPRO
Acquisition

IT security awareness and training firm KnowBe4 acquires MediaPRO

3 Mar 2021
High-risk email security threats increased by 32% last year
phishing

High-risk email security threats increased by 32% last year

3 Mar 2021
The top 12 password-cracking techniques used by hackers
Security

The top 12 password-cracking techniques used by hackers

3 Mar 2021
Microsoft Exchange targeted by China-linked hackers
zero-day exploit

Microsoft Exchange targeted by China-linked hackers

3 Mar 2021

Most Popular

Star Alliance passenger data stolen in SITA data breach
data breaches

Star Alliance passenger data stolen in SITA data breach

5 Mar 2021
I went shopping at Amazon’s till-less supermarket so that you don’t have to
automation

I went shopping at Amazon’s till-less supermarket so that you don’t have to

5 Mar 2021
How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

26 Feb 2021