A multitude of new devices have been connected to the Internet already this year, and many more will connect in the coming weeks and months. That said, the Internet of Things (IoT) gateway has become an important link in the IoT security and device authentication value chain.
Enterprise spending on IT security products and services has experienced new growth in 2020, as many organizations invest in solutions to meet the needs of a much larger remote workforce, and a wide range of online security threats that create additional requirements.
“The sudden shift to remote work has massively amplified the problem of protecting proprietary information. As companies had to implement remote access technologies fast (or upgrade existing infrastructures) to ensure business continuity, they often fell back on improvisation.”
Secure device authentication currently stands among the top-tier investment priorities for key IoT markets. According to ABI Research, hardware-focused IoT authentication services will reach $8.4 billion in revenues by 2026.
“Many companies are lagging behind current data privacy requirements. By prioritizing best-in-class privacy practices, companies can reduce the risk of security incidents and demonstrate their trustworthiness to customers.”
FinTechs have the potential to be the engines of innovation we need during the Great Reset. The findings of the World Economic Forum’s FinTech Cybersecurity Consortium provide a starting point on the path to a security management system to get them there.
“Growing nationalistic sentiments sweeping various nations such as the U.S., Europe, and India, will add fuel to the sovereign cloud discussion. The Huawei ban in the U.S., the ban on Chinese apps in India, and reducing dependencies on China across sectors are indicators of emerging nationalistic sentiments.”
via Everest Group
“Software code now lies behind virtually every business. It is the lubricant of the tech growth engine. And what an engine! Every single day 2.5 quintillion bytes of data is generated globally. Ninety percent of the data in the world has been created in the last two years. There is more and it is coming quicker than ever before.”
“The quantum computing age is growing ever closer – and it could render current encryption systems obsolete. These risks could also prevent this technology’s true value from being realized. Addressing this issue requires action at the national and global levels – now.”