The Importance of Data Security for Maximising IoT Value

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The Importance of Data Security for Maximising IoT Value

Published: Thu 05 February 2015 | by Niall Strachan

There's no denying the fact that the Internet of Things (IoT) has the potential to provide an enormous amount of value to businesses in the form of data collection and revenue generation. According to Gartner, for instance, by 2020 the roughly 26 billion IP-enabled devices in existence will add about $1.9 trillion in value to the global economy.

There's one problem, though: Right now, the threat landscape is extremely risky-and the challenge of protecting digital endpoints is only getting harder for businesses. Each new digital endpoint will serve as a direct portal into the enterprise and if exploited, could lead hackers directly to sensitive customer information.

Kaspersky Labs recently touched on this issue in its 2014 Security Bulletin, which paints a troubling picture for this year.

"In 2015, there will surely be in-the-wild attacks against networked printers and other connected devices that can help an advanced attacker to maintain persistence and lateral movement within a corporate network," the report explained.

So, how can your business embrace IoT technology this year without risking a costly data breach? Invest in an IoT platform that can provide full monitoring services and control of your digital endpoints. The key is to gain a single view of your network so that you can leverage real-time updates and respond to threats before it's too late. Additionally, look for an IoT solutions provider that offers data encryption so that even if connected device is breached and hackers enter into your system, they will be unable to exploit your company's information for gain.

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