We recently commissioned a global study of over 700 businesses across a wide variety of industries to see how organizations are approaching IoT security. There was a wide range of variation regarding how well enterprises are faring in terms of IoT security. To better understand what is fueling success for those who are doing well, DigiCert divided out survey results into tiers to compare those doing well to those that are struggling with security.

The results should be a wake-up call for any company looking to minimize risk and maximize the value of connected technology.

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At-a-glance:

  • Security (82%) and privacy (78%) are the top concerns for companies implementing IoT.
  • Among companies struggling the most with IoT security, 25 percent reported IoT security-related losses of at least $34 million in the last two years.
  • 100% of the least-prepared companies experienced at least one security incident.
  • Basic measures like data encryption and device authentication aren’t as widespread as you’d think.
  • All of the top-tier companies that are faring better with IoT security had five key behaviors in common.
  • Learn more and get tips about what your organization can do to align with the top-tier companies.
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