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New DigiCert poll shows companies taking monetary hits due to IoT-related security missteps

The Last Watchdog

Even as enterprises across the globe hustle to get their Internet of Things business models up and running, there is a sense of foreboding about a rising wave of IoT-related security exposures. And, in fact, IoT-related security incidents have already begun taking a toll at ill-prepared companies. Tiered performances.

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The Growing Presence (and Security Risks) of IoT

Thales Cloud Protection & Licensing

As most of us know, IoT devices are on the rise in enterprise networks. According to McKinsey & Company , the proportion of organizations that use IoT products has grown from 13 percent in 2014 to 25 percent today. The issue is that these tens of billions of new devices will likely amplify the inherent security risks of IoT.

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SHARED INTEL: Poll shows companies pursuing ‘Digital Trust’ reap benefits as laggards fall behind

The Last Watchdog

Related: How decentralized IoT boosts decarbonization Yet, more so than ever, infusing trustworthiness into modern-day digital services has become mission critical for most businesses. If you factor in where we are in the world today with things like IoT, quantum computing and generative AI, we could be heading for a huge trust crisis.”

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SHARED INTEL: What can be done — today — to keep quantum computing from killing encryption

The Last Watchdog

The study, sponsored by DigiCert, Inc., Their trepidation is focused on the potential undermining of a core security component of classical computing systems: encryption. The monumental challenge is that replacing classical encryption with PQC will be complicated and time consuming. But that’s not the crucial issue.

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IoT Inspector Tool from Princeton

Schneier on Security

Researchers at Princeton University have released IoT Inspector , a tool that analyzes the security and privacy of IoT devices by examining the data they send across the Internet. They've already used the tool to study a bunch of different IoT devices. Related: IoT Hall of Shame. No surprises there.

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Data Security Trends: 2024 Report Analysis

Thales Cloud Protection & Licensing

Compliance and Residency Are Key The study revealed that although risk is volatile and cyber regulations constantly change, nearly half (43%) of businesses did not pass a compliance audit in the past year. More than half (57%) cited Artificial Intelligence (AI) as a major worry, with IoT hot on its heels with 55%.

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John Grimm, Senior Director of IoT Security Strategy, speaks to the CyberWire Podcast

Thales Cloud Protection & Licensing

John Grimm, Thales eSecurity’s Senior Director of IoT Security Strategy, recently spoke with CyberWire’s Dave Bittner about key findings and trends from Thales eSecurity’s 2018 Global Encryption Trends Study. A sampling of John’s comments: The lynchpin of any good encryption system is how well you protect the key.

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