Woburn, MA — March 17, 2022 – A recent Kaspersky report, “Pushing the limits: How to address specific cybersecurity demands and protect IoT,” revealed that in two-in-five businesses (43%), some parts of their IoT infrastructure still do not have cyber threat protection. The report also found the main barrier for implementation of many businesses’ IoT projects is the risk of cybersecurity breaches and data compromises.
According to IoT Analytics, the global number of connected IoT devices is expected to grow 9%, reaching 27 billion IoT connections by 2025. With that dramatic rise in connected devices also comes an increased need for security.
While two thirds of organizations (64%) globally use IoT solutions, 43% don’t protect them completely meaning some IoT projects don’t use protection tools. The reasoning behind this may be due to the great diversity of IoT devices and systems that are not always compatible with security solutions. Almost half of businesses fear that cybersecurity products can affect the performance of IoT (46%) or that it can be too hard to find a suitable solution (40%). Other common issues businesses face when implementing cybersecurity tools are high costs (40%), being unable to justify investment to the board (36%) and lack of staff or specific IoT security expertise (35%).
Furthermore, cybersecurity risks are seen by more than half of organizations (57%) as the main barrier to implementing IoT. This can occur when companies struggle to address cyber risks at the design stage and then have to carefully weigh up all pros and cons before implementation.
“Cybersecurity must be front and center for IoT. Managing risk is a major concern as life, limb and the environment are at stake. An IT error can be embarrassing and expensive; an IoT error can be fatal. But cybersecurity is only one part of making a system trustworthy. We also need physical security, privacy, resilience, reliability and safety. And these need to be reconciled: what can make a building secure, (locked doors for example), could make it unsafe if you cannot get out quickly,” comments Stephen Mellor, Chief Technology Officer at Industry IoT Consortium.
“IoT projects are very fragmented, loosely-coupled, domain-specific and integration-heavy in nature. In comparison, IT projects such as messaging/communication, analytics, CRM, etc., have around 80% of common requirements. In the case of IoT implementation, however, we have to deal with all kinds of legacy systems, physical constraints, domain protocols, multiple vendor solutions, etc., and maintain a reasonable balance in availability, scalability and security. In pursuit of higher availability and scalability, certain cloud infrastructure has to be leveraged, the system has to be open to some extent, then security becomes an enormous challenge,” comments Eric Kao, Director, WISE-Edge+ of Advantech, a global vendor of industrial IoT solutions.
“Despite all these challenges, IoT brings fantastic opportunities not just to businesses but to all of us, enabling comfortable living, transport, faster delivery and communications,” adds Andrey Suvorov, CEO at Adaptive Production Technology, Aprotech, Kaspersky’s subsidiary IIoT company. “IoT is widely used in smart cities (62%), retail (62%) and industry (60%). These include projects such as energy and water management, smart lighting, alarm systems, video surveillance and many more. Experts around the world are working on the task of effective protection for such projects but efforts should be made at every level – from equipment manufacturers and software developers to service providers and companies that implement and use these solutions.”
To help organizations fill the gaps in their IoT security, Kaspersky suggests the following approaches:
To read the full report, please click here to download.
Kaspersky is a global cybersecurity company founded in 1997. Kaspersky’s deep threat intelligence and security expertise is constantly transforming into innovative security solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company’s comprehensive security portfolio includes leading endpoint protection and a number of specialized security solutions and services to fight sophisticated and evolving digital threats. Over 400 million users are protected by Kaspersky technologies and we help 240,000 corporate clients protect what matters most to them. Learn more at usa.kaspersky.com.