The Internet of Things (IoT) promises to drive innovation and deliver unprecedented efficiency as the global economy digitizes. At the same time, in the rush to extract value from this disruptive innovation trend, we are exposing ourselves to unparalleled cyber risks. The simple fact is, security is often an after-thought, if its a consideration at all, when designing and deploying IoT devices and technologies. With tens of billions of these devices being deployed globally on an annual basis, each connected to a network, and a lack of visibility into, and accountability from, the IoT supply chain, what could possible go wrong....
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IoT - The Security "Achille's Heal" of the Digital Global Economy
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Terry Dunlap, the co-founder of Maryland-based ReFirm Labs, which automates the process of finding security vulnerabilities in IoT devices, sums up the situation succinctly. “There is essentially no security in IoT devices,” he says. “It’s like the Wild West.”
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