Cyber attacks, security incidents and breaches initiated through insecure Internet of Things (IoT) devices are on the uptick and most enterprises aren't yet on track to do anything about it, according to several high-profile studies over the last month.
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While modern technology makes possible new business models to drive growth and profitability, digital transformation opens your business to more cybersecurity risks, according to a survey by Thales and 451 Research.
As of 2017, a single cyber incident can put a small company out of business, according to new research by Ponemon Institute. The findings confirm Bitdefender’s predictions for 2017 that targeted attacks would increase due to poor security of corporate networks.
While most eyes interested in cybersecurity for the past two weeks have been focused upon (and for good reason) the Equifax breach, the U.S. Food and Drug Administration (FDA) continued its pressure on medical device manufacturers to build security into product design — just as the U.S. Department of Homeland Security warned the medical community of eight vulnerabilities in Smiths medical wireless infusion pumps.
It’s safe to say that the concept of the Internet of Things (IoT) has progressed to the point where a growing number of organizations are exploring the opportunities. What might not be so safe is the IoT itself; security remains one of the biggest concerns and challenges of implementations.
A bill introduced earlier this week in the United States Senate aims to bolster the security of Internet-connected devices by using the vast-purchasing power of the United States Government to enforce a baseline security standard.