Home GDPR #Privacy: Enterprises are leaving IoT devices vulnerable to cybersecurity threats
GDPR - October 15, 2019

#Privacy: Enterprises are leaving IoT devices vulnerable to cybersecurity threats

A new report has revealed that IoT is the fastest-growing trend driving public key infrastructure (PKI) application deployment. 

The survey of 1,800 IT security practitioners in 14 countries per region found that 68% of the respondents cited concerns about IoT security threats, including altering the function of IoT devices through attacks such as malware.

Other respondents stated concerns about the remote control of a device by an unauthorised user (54%). However, in the list of the five most important IoT security capabilities, respondents rated updates to IoT devices and delivery patches last. 

It was also revealed that 42% of IoT devices will rely primarily on digital certificates for identification and authentication in the next two years. 

“The scale of IoT vulnerability is staggering – IDC recently forecasted that there will be 41.6B connected IoT devices by 2025, generating 79.4 zettabytes of data,” said John Grimm, senior director of strategy and business development at nCipher Security. 

“There is no point in collecting and analyzing IoT-generated data, and making business decisions based upon it, if we cannot trust the security of devices or their data. Building trust starts with prioritizing security practices that counter the top IoT threats, and ensuring authenticity and integrity throughout the IoT ecosystem.”

In regards to the subject of PKI playing a strategic role, 79% of organisations use PKI extensively in their organisations for SSL/TLS certificates, whilst 69% utilise private networks and VPNs, and 55% citing using public cloud-based applications and services. 

However, over half (56%) of respondents believe that PKI is incapable of supporting new applications. Additionally, many respondents believe that PKI usage will case significant technical and organisational barriers. 

Other key findings from the report include; 44% of respondents citing that PKI deployments for IoT devices will consist of a combination of cloud-based and enterprise-based implementations.

“PKI use is evolving as organizations address digital transformation across their enterprises. In addition to IoT, more than 40% of our respondents also cited cloud and mobile initiatives as driving PKI use,” said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. 

“Clearly, the rapid growth of the IoT is having a huge impact on the use of PKI, as organizations realize that PKI provides core authentication technology for connected devices. For organizations to gain full advantage of their digital initiatives, they must continue to improve the security maturity of their PKIs.”

The post #Privacy: Enterprises are leaving IoT devices vulnerable to cybersecurity threats appeared first on PrivSec Report.

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