Internet of things Security

IoT security fears drop by more than 30% in the last five…

IoT security fears drop by more than 30% in the last five…
Written by ga_dahmani
IoT security fears drop by more than 30% in the last five…

August 9, 2022 – Fears about security have become less of a concern for organizations adopting IoT solutions than they were five years ago, according to a recent study by the Wi-SUN Alliance, a global membership association of leading industry companies. driving the adoption of interoperable wireless solutions for use in smart cities, smart utilities, IoT applications, and industrial IoT (IIoT).

The Journey to IoT Maturity, a follow-up to Wi-SUN’s 2017 “state of the nation” IoT study, is based on interviews with UK IT decision-makers and US IoT adopters within from key vertical industries, including energy and utilities, state and local government, construction, technology and telecommunications. The clear signal is that IoT is now a bigger IT priority than ever for organizations across all industries.

Respondents who ranked security as one of their top three challenges when implementing IoT fell from 58% in 2017 to 24% in 2022, while the proportion of respondents who saw it as a technical challenge also fell from 65% to 42%, indicating fewer concerns. but still highlighting it as a problem. Businesses may be less concerned about security, but it’s still on their list of risks.

Data privacy concerns are growing

While security is becoming less of a challenge than it used to be, there are growing fears about data privacy issues. Data privacy regulation is the second biggest challenge (political, economic, or social) for IoT adopters, with 36% placing it in the top three, just behind the need to reprioritize spending due to COVID -19 (37%) and above budget cuts resulting from lower revenues during the pandemic (35%).

Fears about big data have also increased over the past five years, with 19% of respondents (up from 11% in 2017) placing it among their top three IoT implementation challenges, and one in four citing regulatory concerns. The introduction of the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and other privacy regulations since the 2017 Wi-SUN report may be a factor in this growth.

Phil Beecher, President and CEO of the Wi-SUN Alliance, comments: “Data privacy concerns have understandably increased with more legislation focusing on data protection. Since our last study, stricter privacy laws have increased the pressure on organizations to protect sensitive data. This includes GDPR in Europe and various state laws in the US.

“Among those surveyed, we saw that concerns were greatest in the UK, where more than half (53%) of organizations include secure data collection in their IoT strategies compared to just a third (34%) in the UK. the US. IoT initiatives such as smart metering, street lighting, and those using environmental, acoustic, and air quality sensors are generating ever-increasing volumes of data, and while this information may be completely ‘safe by design’, the risks remain”.

Industry reports suggest an increasing number of attacks on IoT devices in the last two years, leading to the theft of sensitive data and the launch of DDoS attacks. Mirai is one of the most recognized IoT threats dating back to 2016 when it was used to compromise connected devices like routers to launch attacks on websites and networks. Malware developers still use it to attack vulnerable systems, from manufacturing systems to critical infrastructure.

Wi-SUN’s Phil Beecher adds, “While obstacles remain, organizations will need to continue to overcome technical and non-technical challenges with the support of industry, including IoT solutions and device companies. With more than 90% of our respondents acknowledging that they must invest in IoT in the next 12 months to remain competitive, not addressing these important issues is not an option.”

To read about the full range of barriers to IoT adoption, including security and data privacy, see the Wi-SUN Alliance Report.

Font: Wi-SUN Alliance

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