Ramped-Up Investments In IoT Security Mean Solution Providers Better Be Ready


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As Internet of Things security threats continue to rise, solution providers and vendors say they are starting to see the tide turn when it comes to real investments in IoT security technologies.

The comments come as the Black Hat 2017 conference in Las Vegas highlighted some of the latest threats against IoT devices, including attacks on smart locks, critical infrastructure, cars, smart buildings, industrial robots, radiation monitoring devices and more.

They also come after multiple high-profile IoT attacks in recent months, most notably with the Mirai botnet DDoS attacks launched through IoT devices including webcams, routers and video recorders.

[Related: Black Hat 2017: 9 IoT Security Threats To Watch]

Kelly Bissell, global managing director for Accenture Security, said he is seeing a lot of interest in IoT, especially after the recent attacks.

"If you look at any big company in that space, they are worried about IoT," Bissell said. That interest will only accelerate as attacks escalate from seeking financial gain to physical harm, property destruction and data manipulation, he said.

It is up to companies like Accenture to help businesses understand the risks and, more importantly, to "think differently" about IoT when it comes to security -- including bringing together operation technology and information technology teams together.

Maninder Singh, corporate vice president and global head of cybersecurity and GRC business at HCL Technologies, said he too is seeing growing awareness around the risks posed by IoT. Solution providers such as HCL are key to helping helping customers adopt those technologies securely with a holistic, integration IoT system.

Fortinet Global Security Strategist for FortiGuard Labs Derek Manky said the company's security researchers also are seeing IoT threats escalate, starting with the Mirai botnet and escalating to the Hajime IoT worm that the company is starting to see.

"IoT is here," Manky said. "We're seeing more attacks with IoT."  

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