Security News > 2022 > March > IoT security is foundational, not optional

The annual barometer of industry perceptions and intentions around IoT security surveyed 1,038 technology decision makers across Europe, USA, and APAC, and signals a positive turning point for security with organizations placing it at the center of IoT strategy and organizational culture.

Despite almost universal acceptance that IoT security commands a premium, nearly a third of those asked identified cost as inhibiting them from implementing stronger security, while perceived expense and a lack of ROI were the biggest barriers to conducting external lab testing.

Only 31% of technology decision makers feel "Very satisfied" with their level of security expertise in-house and 'a lack of security specialists' ranked in the top three barriers to IoT security.

"IoT security has moved well beyond the stage of early adopters and the direction of travel is clear: security is foundational, not optional," said David Maidment, senior director, Secure Devices Ecosystem at Arm.

With 59% of respondents admitting that internal validation is relied upon to certify security implementations, third-party certification will provide a clear marker of security across the value chain and 95% agree that it can be somewhat valuable to securing the IoT. More importantly, nearly a third of respondents claim customers and end users are demanding it, 34% find it benefits reputation, and 39% think it improves product security.

Maidment continues: "Security concerns represent the biggest perceived risk to successful digital transformation according to our research. Yet, the cost of IoT insecurity remains higher than it's ever been. As we reach a positive turning point for IoT security, best practice guidelines, a common language around security and the use of trusted components will help streamline costs and further level the security playing field in 2022.".

News URL

https://www.helpnetsecurity.com/2022/03/01/securing-internet-of-things/