Proving the Business Case for the Internet of Things

IoT growth compels companies to adopt cyber security, says Frost & Sullivan

Steve Rogerson
March 18, 2015
 
The increasing number of connected devices is multiplying the probability of cyber attacks on companies across sectors, according to a report from Frost & Sullivan. This is compelling organisations to adopt cyber security to secure computing resources, information, networks and applications.
 
As such, says the report, innovations will be directed towards fortifying sophisticated technologies such as cloud computing, big data, wireless communications and the IoT.
 
The report finds that in addition to comprehensive security, the trend towards developing various layers of cyber security for attacks aimed at specific network layers has gathered pace. Securing perimeter, network, endpoint, application and data is particularly crucial due to the emergence of threats on specific targets.
 
The study covers healthcare, information and communications technologies, aerospace and defence, banking and finance, energy, and manufacturing.
 
"The deployment of IoT, especially, will open up innumerable attack surfaces for cyber attackers to leverage," said research analyst Debarun Guha Thakurta. "As a result, endpoint and wireless network security for the IoT will leap to the forefront of technology development and wide-scale adoption."
 
Cyber security providers are focusing on vulnerability assessment in addition to traditional security features. With most cyber security only able to identify an attack after considerable damage has been done, it is essential to spot and nullify threats at the point of inception.  Maintaining a balance between protection and monitoring is essential to recognise emerging types of attacks. Ensuring cognitive security while modelling security measures in alignment with each layer of security will help fight against unknown zero day attacks.
 
"The integration of futuristic technologies and mechanisms such as predictive threat analytics, machine learning, and network and device behaviour analysis will quicken the march towards proactive cyber security," said Thakurta. "The convergence of neural networks, machine learning and predictive analytics will further lay the foundation for a plethora of next-generation cyber security."