The Internet of Things (IoT) is here. Manufacturers across industries are reinventing consumer products—from refrigerators to thermostats—by incorporating smart, connected capabilities to capitalize on what could be a $7.3 trillion market by 2017, according to research firm IDC. Experts forecast upwards of 30 billion connected IoT devices by 2020, and this year alone, over 40% of product companies are actively investing in the development of connected products. These organizations hope to ride the IoT wave to achieve competitive differentiation, cultivate additional revenue streams, deliver new monitoring capabilities that will transform maintenance services, and/or enhance and personalize the customer experience.
Too often, organizations fail to account for security considerations during initial product development and test cycles. Alternatively, they opt to release IoT-enabled products quickly, only to address security issues after the fact. Both scenarios set the stage for possible breaches that can impact a company’s brand reputation and bottom line.
Read this whitepaper to learn about common security pitfalls and how to avoid them.
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