The Internet of Things (IoT) is now at a stage where it includes internet-connected devices from smartphones and laptops to smartwatches, games, cars, and even clothing. It is therefore not surprising that the market is growing extremely fast with General Electric predicting investment in IoT will reach $60 trillion over the next 15 years.
With this monumental growth, it is clear that the priority is innovation rather than security. Although IoT technologies have been adopted into businesses and our every-day lives much quicker than expected, it has certainly come at a cost. In the past 12 months alone, we have already seen not only corporate security risks to corporate HVAC systems, for example, but also significant security flaws in children’s toys, cars, to name just a few.
As a result, the IoT industry is starting to realise that security needs to prioritised with Gartner predicting that spending in IoT security will reach $348 million in 2016, and then continue to grow year on year.
We recently spoke to Patrick Hubbard, Head Geek at SolarWinds, to get his thoughts on IoT security including; why there is a such a disconnect with the importance of security in IoT, how the IT professional might implement protective measures to their network and what corporate standards he thinks might be driven by IoT over the next few years.