Lack of Trust in IoT Security Shows More Regulation Is Coming

From: Government Technology

A new survey by Gemalto indicates that 96% of enterprises and 90% of consumers lack confidence in the security of Internet of Things (IoT) devices. The majority of 1,050 IT and business decision-makers and over 10,500 consumer respondents favor more government regulations to protect data across the IoT ecosystem.

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A new report by Gemalto revealed some startling survey results:

  • Most organizations (96%) and consumers (90%) believe there is a need for IoT security regulations — and want government involvement.
  • A hacker controlling IoT devices is the most common concern for consumers (65%), while six in 10 (60%) worry about their data being stolen.
  • More than two-thirds (67%) of businesses encrypt all data captured or stored via IoT devices.

“It’s clear that both consumers and businesses have serious concerns around IoT security and little confidence that IoT service providers and device manufacturers will be able to protect IoT devices and more importantly the integrity of the data created, stored and transmitted by these devices,” said Jason Hart, CTO of Data Protection at Gemalto. “With legislation like GDPR showing that governments are beginning to recognize the threats and long-lasting damage cyber-attacks can have on everyday lives, they now need to step up when it comes to IoT security. Until there is confidence in IoT amongst businesses and consumers, it won’t see mainstream adoption.”

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