PodChats for FutureIoT: Reducing IoT risks

CXOInsights by CXOCIETY

The Internet of Things remains a top priority. Market research firm IoT Analytics says IoT remains a top-three corporate technology priority even AI has taken over as the top technology priority. In surveys from PWC, KPMG, and BCG, respondents ranked IoT second or third after AI in terms of investment prioritization for emerging technologies, with AI coming in first across the board.

In the Asimily report, IoT Device Security in 2024: The High Cost of Doing Nothing, it was concluded that breach tactics continue to evolve, that routers have become the favourite attack vector accounting for 70% of IoT infections, and manufacturing continues to be the top target among industries.

In this PodChats for FutureIoT, we revisit the topic of how to reduce IoT risks. Joining to discuss the matter is Barry Mainz, CEO at Forescout.

1. Can you give the key points of The Enterprise of Things Security Report by Fourscout Research Labs?

a. What do we don’t know already about the insecurity of IoT devices and technologies?

2. There are those that claim that breaches can occur by way of unsecured IoT devices. Can you confirm or elaborate on this?

3. Given the rising level of awareness of the risks associated with enterprise IoT, what is being done? And if none, why?

4. Where are the areas of IoT that present the greatest risks?

5. Name 3 questions CIOs/heads of OT and security, need to ask as part of an IoT deployment.

6. Recapping: Our topic is reducing IoT risks. Given what we know about IoT adoption trends, evolving cyber threat landscape specific to IoT, and innovations in areas like machine learning and artificial intelligence, do we have any hope of reducing IoT risks, and can you name three action items for whoever should be responsible for securing enterprise IoT?

7. You mentioned about Fourscout coming in to look at an organisation’s asset to check for possible vulnerabilities. How receptive are businesses to this approach?