Recent surveys reveal that many IT leaders lack confidence in their IoT security efforts, with concerns over cyber incidents and preventable attacks.

Description

Less than half of IT leaders feel confident in their IoT security efforts [2] [4], with regrets over not addressing vulnerabilities more effectively from the start. Cyber incidents [1] [2] [3] [4], such as data breaches, ransomware attacks [3], supply chain attacks [3], and DDoS attacks [3], are a major concern, with 55% of incidents being preventable with better security measures [4]. IT leaders emphasize the importance of agentless security solutions for successful IoT security [1], but only a third feel successful in their efforts [2] [3]. Prioritizing vulnerabilities based on impact and exploitability [1], conducting regular risk assessments [1], and implementing a zero-trust approach are key strategies for building confidence in IoT security plans [1]. Automating vulnerability scanning and patching [1], standardizing configurations [1], and integrating security into device development are also crucial for addressing vulnerabilities early [1]. Companies are increasing spending on IoT security [3], but boards lack sufficient information to make informed decisions [3]. Partnering with trusted vendors for ongoing security updates is recommended to mitigate risks and safeguard organizational assets [1].

Conclusion

To improve IoT security, IT leaders must prioritize vulnerabilities, conduct regular risk assessments [1], and implement a zero-trust approach [1]. Automating vulnerability scanning and patching [1], standardizing configurations [1], and integrating security into device development are crucial for addressing vulnerabilities early [1]. Partnering with trusted vendors for ongoing security updates can help mitigate risks and safeguard organizational assets [1]. Boards must be provided with sufficient information to make informed decisions regarding IoT security spending.

References

[1] https://www.infosecurity-magazine.com/news/half-leaders-identify-iot-security/
[2] https://www.investorsobserver.com/news/qm-pr/4784948406083075
[3] https://vmblog.com/archive/2024/02/27/new-viakoo-survey-finds-less-than-half-of-it-leaders-are-confident-in-their-iot-security-plans.aspx
[4] https://betanews.com/2024/02/27/fewer-than-half-of-it-leaders-confident-in-their-iot-security/