Internet of Threats – Securing the Internet of Things for industrial and utility companies
The rapid rise of the Internet of Things (IoT) demands a new look at security. With network vulnerabilities and the potential for industrial process interruption, companies need to develop new strategies to mitigate and manage cyber-risks.
The IBM Institute for Business Value Benchmarking Program worked with Oxford Economics to understand how organizations:
- Identify and protect themselves against the cybersecurity risks posed by deploying the Internet of Things (IoT) in their operations/factories
- Detect, respond to, and recover from IoT related cyber-security incidents; and
- Measure the effectiveness of their risk and incident management capabilities.
We surveyed 700 executives in 20 countries across 18 industries in the industrial and energy and utilities sectors, who:
- Have deployed or are in the process of deploying the IoT in their factories/ operations;
- Have a point of view on security; and
- Are using an Industrial Control System (ICS) and/or Supervisory Control and Data Acquisition (SCADA) system in their operations.
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