Biggest Threat to Tech is Failing to Protect Internet of Things Data

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protby Angela Guess

Jeff Stone reports for IBTimes, “Forget Chinese hackers. American technology companies already realize that the biggest threat to their corporate image is the perception that they can’t be trusted to protect customer data. And it’s the Internet of Things, not state-sponsored cyberspies, that presents the biggest threat to that information. That’s according to top information officers from companies like Symantec, Cisco, RSA Security and others who gathered at the NASDAQ Monday for an event hosted by the National Cybersecurity Alliance.”

Stone goes on, “The so-called Internet of Things is a broad definition for physical objects connected to the Internet or able to exchange data. Smartphones are the most obvious example, or an app that can open garage doors, but that will soon include more high-value devices like traffic lights and nuclear power plants. Approximately 10 billion electronics around the world make up the Internet of Things now, and various estimates predict that total will exceed 50 billion objects by 2020. ‘If you don’t have confidence in the company you’re doing business with, you probably won’t do business with them,’ said Tim Fitzgerald, chief security officer at Symantec. ‘That’s going to help raise the bar when it comes to customers’ expectations about what companies need to do’.”

Read more here.

photo credit: Flickr/ mikecogh

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