IoT security can build trust and protect profits

In this detailed whitepaper from Beecham Research, in collaboration with Aeris, Digi, Finite State and Vodafone; learn how IoT security can be a value add, not a cost centre. In a revolutionary report that never veers into the hyper-technical, see how IoT security should be evaluated like any other business case and not just seen as a cost that should be minimised as much as possible.

This paper explores:

• The IoT security landscape - With a timeline of significant events and incidents, get an overview of where we’ve come from and what the impacts of the threats are in terms of costs, data, downtime, trust and sanctions.
• The global market - With growth expected at a CAGR of 22.9% to $100 billion in 2032 from $19 billion in 2024, there’s a willingness to invest. Companies are finding that the common solution to threats like paying ransoms, for example, is no longer viable.
• What about AI? - 95% of Flexential’s 2024 State of AI Infrastructure Report felt AI opened them to more cyberthreats. This, plus ML and the edge, are increasing the threat surface. But Beecham Research found 23% of respondents lack an IoT security framework altogether.
• Is legislation a concern? - UK firms failing PSTI face fines of up to £10 million or 4% of their global turnover, and non-compliance with Europe’s CRA leads to fines of 15 million Euros or 2.5% of a company’s global turnover. With the cost of compliance under $6m and the cost of non-compliance at nearly $15m, it’s a no-brainer.
• How to keep abreast of threats -  Keeping up to date with tech, solution providers, new adversaries, changing conditions, new imperatives and regulatory changes helps operators stay in the know.

Dive into several pages of new market research, thoughts and quotes from leaders in the security space, plus security best practices, regulatory and certification insights, and additional recommendations to help businesses protect against future threats. Learn why Security by Design, market-leading certifications, the NIST Cybersecurity Framework and IoTSF IoT Security Assurance Framework (Release 3.0) are the gold standard.