botnets

A new study from Juniper Research has found that spending on online FDP (fraud detection and prevention) solutions is set to rise to $9.3 billion by 2022, an increase of 22% over this year’s anticipated spend.

At its heart, the trouble with IoT is the rush to market exhibited by many manufacturers who see the business need to fill a gap or provide a useful service, but overlook the essential need to bake security in from the get-go.

According to Gartner, a total of 8.4 billion people and devices will be connected to the Internet of Things (IoT) this year. Despite the increasing popularity of IoT solutions in companies, 63% of applications are actually linked to the consumer sector.

New data from Juniper Research has found that the consumer IoT (Internet of Things) installed base will reach over 15 billion units by 2021, an increase of 120% over 2016.

In today’s market, segments of the broader IoT ecosystem have been under-served, especially small-to-medium businesses (SMBs) and mid-sized cities. However, this oversight will change over the next several years as these entities seek to embrace the efficiencies and cost reductions that enterprises and government agencies are achieving through IoT implementations.

In today’s increasingly connected society, it is easier than ever before for fraudsters to wreak havoc. According to Juniper Research, by 2020 there will be close to 40 billion connected devices on the planet, and with this increasing number of connected devices we are also seeing a rise in fraud risks, such as through IoT