The criticality of IoT security for enterprises

The COVID Pandemic fueled a 700 per cent surge in IoT-specific malware infections

As the world becomes increasingly interconnected through the Internet of Things (IoT), a concerning trend has emerged during the pandemic. According to a report from global technology intelligence firm ABI Research, there has been a staggering 700 per cent increase in IoT-specific malware infections, affecting more than 500 different types of IoT devices. These findings underscore the urgent need for enhanced security measures to safeguard corporate network integrity, protect sensitive data, and ensure physical safety.

In response to this growing threat, leading IoT solutions provider Aeris and ABI Research have joined forces to offer enterprises valuable insights and never-before-seen research through an upcoming webinar titled “Getting IoT Security Right: How Successful Enterprises Achieve Better ROI.” The webinar aims to provide practical guidance and recommendations for enterprises to optimize their IoT security budgets and effectively combat the constantly evolving cyber threatscape.

Many organizations have mistakenly downplayed the significance of IoT attacks compared to traditional network breaches. However, these attacks have become increasingly sophisticated and pose severe risks to businesses. IoT attacks not only compromise network integrity but also jeopardize data security, potentially leading to financial losses and reputational damage. In some cases, they can even threaten physical safety.

Syed “Z” Hosain, Co-Founder & Chief Evangelist at Aeris, emphasizes the critical importance of implementing practical business strategies that extract maximum value from security investments. By doing so, enterprises can strengthen their security posture, reduce risks, and achieve a greater return on investment in the long term.

Michela Menting, Senior Research Director at ABI Research, highlights the need for comprehensive planning and management in deploying security technologies effectively. Simply allocating resources without careful consideration and oversight can result in wasted investments and subpar protection. The webinar aims to address this issue by providing enterprises with real-world best practices and insights to help them optimize their IoT security budgets.

The webinar will shed light on how enterprises can develop a strategic approach to IoT security, considering risk reduction and business optimization perspectives. It will provide valuable information on the deployment of security measures and demonstrate how organizations can maximize their ROI by making informed decisions and effectively managing their security investments.

The alarming rise in IoT malware infections serves as a wake-up call for organizations to prioritize IoT security and allocate resources accordingly. With the invaluable expertise and research provided by Aeris and ABI Research, enterprises can gain a deeper understanding of the evolving cybersecurity landscape and develop robust strategies to safeguard their IoT infrastructure effectively.

As the world continues to embrace the benefits of IoT technology, it is imperative that businesses remain vigilant and proactive in protecting their networks, data, and operations from the ever-present threat of IoT attacks. Through collaborative efforts and a commitment to staying ahead of cyber threats, enterprises can harness the full potential of the IoT while maintaining a secure and resilient digital ecosystem.



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