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Corporate-Owned IoT Devices Are High Risk & ‘Under Siege’, Experts Warn

· 3 min read
Robbe Heynderickx
Bronnen

Bron: artikel gedeeltelijk overgenomen van Techopedia
Origineel auteur: Franklin Okeke

The first quarter of 2024 has been about artificial intelligence (AI) and what it can and cannot do, so it’s no surprise that organizations have focused on it.

However, the Internet of Things (IoT) is close to AI on the priority list—according to IoT Analytics, it was reported as one of the three corporate priorities in 2024.

Despite its potential to streamline operations and boost efficiency, the IoT firm Asimily warned that as businesses push on with their IoT strategies there is also a parallel growth in IoT security vulnerabilities.

Last year, a Zscaler report indicated a 400% growth in IoT malware attacks, a testament to how poorly secured IoT devices can present a tempting target for cybercriminals.

Factoring in the above numbers reveals one thing: corporate reliance on IoT devices could leave organizations more vulnerable to security incidents than we think.

All these beg the question: how are organizations prepping themselves for corporate IoT security challenges in 2024?

To answer this and more, we explore key trends in IoT security and seek expert opinions.

Key Takeaways

Corporate IoT devices are increasingly becoming targets for cyberattacks, with a reported 400% growth in IoT malware attacks last year.

There is a disconnect between networking and security teams when it comes to prioritizing IoT device risks. This lack of cohesion creates dangerous blind spots.

IoT-related security breaches tend to be costlier for organizations compared to conventional cyberattacks.

DDoS botnets are making a comeback and may increasingly target hybrid workers’ IoT devices as entry points into corporate networks.

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Security Teams At Odds Over Prioritizing IoT Device Risks

One of the key issues raised in a recent IoT security trends report by Forrester is that there is a disconnect between networking and security leadership teams around IoT security. This lack of synergy in direction is a huge concern and poses several implications.

The report found that while corporate IoT devices have been the most common target in cyberattacks against businesses, security leaders seem to be prioritizing other emerging technologies like cloud computing, AI integration, and even quantum computing over IoT device security.

This clash in priorities leaves a glaring gap in cybersecurity defenses at a time when IoT device proliferation within enterprises shows no signs of slowing down.

Reacting to this seeming lack of synergy between networking and security teams, Tony Lauro, Director of Security, Technology & Strategy at Akamai, told Techopedia that addressing both current security needs and preparing for emerging threats is a delicate balancing act.