Eskenzi PR Eskenzi PR
  • About Us
Thursday, 22 April, 2021
IT Security Guru
Eskenzi PR
  • Home
  • Features
  • Insight
  • Events
    • Women in Cyber 2020
    • Women in Cyber 2020 [SPONSORS]
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Women in Cyber 2020
    • Women in Cyber 2020 [SPONSORS]
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

IoT boom and GDPR raise the stakes of a cyber-security breach

by The Gurus
February 6, 2017
in Editor's News
Share on FacebookShare on Twitter

The burgeoning number of connected devices as part of the Internet of Things will see the global spend on cybersecurity technology surpass $1.8 billion by 2020, according to new research from IHS Markit. It is estimated that the number of IoT devices will rise 15 per cent to hit 20 billion in 2017.[1]
Global systems integrator World Wide Technology (WWT) emphasises that the costs associated with cybersecurity will continue to rise unless firms focus on working smarter rather than harder to defend themselves.
Fear prompted by prominent attacks has pushed up cyber insurance premiums and investment in cyber defence tools, but companies based in the UK and Europe will also have to contend with the impact of the upcoming GDPR on their security measures. Strict notification requirements to be introduced by the GDPR in 2018 come alongside the potential for fines of up to four percent of global turnover.
“Tools that can help to detect breaches and predict areas of weakness are more important than ever,” said Ben Boswell, UK & Ireland Director at WWT. “One of the side effects of the IoT boom is that companies simply won’t be able to achieve complete security if they’re not investing in smart technologies.”
Ben continues: “We know that having proper information management and data governance procedures in place can dramatically reduce the cost of cyber breaches even if they do happen. But with the increased transparency of the GDPR, avoiding a breach altogether will become even more valuable than simply minimising their impact once they happen.
“Businesses must turn their attention towards tools which predict areas of weakness, pinpoint risks and identify threats to their entire technology ecosystem. Rather than a network manager working harder and harder to create security at each point of connection, these tools can help enterprises to work smarter in the fight against cyber crime.”
[1] http://news.ihsmarkit.com/press-release/technology/new-report-ihs-markit-names-top-four-trends-driving-internet-things-iot-201

0 0 vote
Article Rating
FacebookTweetLinkedIn
ShareTweetShare
Previous Post

Google is winding up Gmail support for older Chrome versions

Next Post

New report focuses on the challenges, approaches and opportunities for smart home security

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

edgescan logo

PRODUCT REVIEW – Edgescan makes fullstack vulnerability management easy

April 21, 2021
The clubhouse app

Armis and UK’s Eseye partner to secure connected devices on any cellular network

April 20, 2021
Performanta acquires Identity Experts to bolster Microsoft IAM and security capabilities

Performanta acquires Identity Experts to bolster Microsoft IAM and security capabilities

April 20, 2021
AT&T Cybersecurity Launches New Managed Endpoint Security Solution with SentinelOne

AT&T Cybersecurity Launches New Managed Endpoint Security Solution with SentinelOne

April 19, 2021

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Women in Cyber 2020
    • Women in Cyber 2020 [SPONSORS]
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

This site uses functional cookies and external scripts to improve your experience.

More information
wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply
Privacy Settings / PENDINGGDPR Compliance

Privacy Settings / PENDING

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

GDPR Compliance

Accept