Organization’s lack of IoT Security Awareness can cost them dearly: Trend Micro Research

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Organizations’_lack_of_IoT_Security_Awareness_can_cost_them_dearly_Trend_Micro_Research Organization's lack of IoT Security Awareness can cost them dearly: Trend Micro ResearchTrend Micro Incorporated, a global leader in cybersecurity solutions, in a recent report, revealed that 86 percent of surveyed IT and security decision makers around the globe believe their organization needs to improve its awareness of IoT threats. This significant lack of knowledge accompanies rising security challenges and threat levels related to connected devices, which leaves organizations at great risk. Only 14% of surveyed respondents say they have a complete organizational awareness of IoT threats, 37% claimed they are not always able to define their security needs before implementing IoT solutions.

The poll of 1,150 IT and security leaders reveals a worrying lack of cybersecurity maturity in many organizations around the world as they deploy IoT projects to drive agility, innovation, and digital transformation.

According to Kevin Simzer, the chief operating officer for Trend Micro, a common theme in cyber attacks today is that many are driven by a lack of security awareness, and this is accentuated with IoT security. It’s a good first step to see that IT leaders recognize that awareness levels need to rise across the organization. The firm recommends business leaders clearly acknowledge the IoT security challenges affecting their company, understand where their security requirements are, and invest accordingly to make their security goals a reality.

A lack of IoT security awareness leaves companies increasingly exposed to potentially damaging cyber attacks. According to the survey, current attacks are targeting office devices most (59% of corporate IoT attacks target office devices), closely followed by manufacturing and the supply chain. When an attacker compromises these devices, they can also gain access to the larger corporate networks to conduct even more damaging attacks.

To protect against IoT security attacks, more than 50 percent of surveyed IT and security decision-makers reported they prioritize a few key capabilities in their security solutions. Monitoring for anomalous behaviors and vulnerability management were the most sought-after requirements to mitigate the risk of IoT devices being compromised.