Internet of Things security concerns prompt boost in IoT services

Internet of Things security concerns are quickly becoming an enterprise reality, and one vendor has been quick to offer the IoT services to combat the risks.

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News roundup:As Internet of Things concerns become an enterprise reality, one vendor is quick to offer IoT services to combat the risks. Plus: 1% of users create 75% of the risk; Target pays up; Apple devices improperly secured in the enterprise.  – Symantec now says that it covers 1B devices with its toolbox, Even after this Symantec announcement coming a week after the release of a report highlighting the potential risks of Internet of Things devices.  Sponsored by NexusGuard Ltd. and conducted by Cybersecurity Ventures,the report exposing Internet of Things security concerns noted that by the end of 2017, more than 20% of businesses will adopt IoT services to secure Internet-connected devices and networks, which will in turn advance the multi-trillion dollar IoT marketplace and boost security research and spending through 2025.  Target Corp., which experienced one of the largest retail breaches in history in 2013, has agreed to pay as much as $67 million to settle claims over the breach. In an agreement with Visa Inc. on behalf of banks and other financial institutions, the money will cover costs incurred by both Visa and its issuers during the time of the breach.  Apple’s Conundrum: 45% of U.S. workers use Apple devices at work for work, the devices lack the proper security and can cause a major data security problem, according to a report commissioned by Centrify Corp. released Monday. The results of a poll of 2,249 employees found 63% of the Apple devices — including Macs, iPads and iPhones — are owned by the employee, yet only 51% are only secured by a password, 58% do not have software installed to enforce strong passwords, and only 17% have a company-supplied password manager installed. 56% of respondents even admitted to sharing passwords with others. The survey, conducted by Dimensional Research, also concluded that only 28% of Apple devices have a corporate mobile device management installed, and only 35% of companies enforce the use of stored data encryption. “Centrify’s Apple survey spotlights the massive exposures that occur when devices do not comply with standard corporate security policies,” said Bill Man, chief product officer of Centrify. “In particular, customer data represents a huge liability. It’s time for IT to take action.”

See on Scoop.itInternet of Things – Technology focus


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