Security and Cost Need to be Resolved Before the Internet of Things Takes Off

Bayshore Blog Post: Financial Times Report

February 2, 2015

Maija Palmer of Financial Times writes about a topic that is consuming our time here at Bayshore Networks. He reports that the hype surrounding the Internet of Things reached a peak at this year's International Consumer Electronics Show in Las Vegas, where more than 900 companies exhibited connected products. Samsung, makers of products from fridges to phones, said that within five years all of its appliances would be able to connect to the internet.

The predictions for the number of objects that will be connected are big — from technology research company Gartner’s forecast of 25 billion connected physical objects by 2020 to tech company Cisco’s more bullish 50 billion forecast.

Palmer writes that Security will need to be improved to ensure that Internet-connected objects cannot be hacked and hijacked. Physical attacks over the Internet are happening. At the end of last year the German federal office of information security revealed that machinery at a German steelworks was severely damaged when hackers gained access to control systems via the Internet.

“There are big security holes and quite a lot of work needs to be done to fix them,” says Jim Tully, analyst at Gartner.

For the full report, click here.

Kirby Wadsworth

As Chief Marketing Officer at Bayshore Networks, Kirby is on a mission to educate and inspire leaders to act now to protect our industrial infrastructure - and our way of life - from cyber threats. Bringing more than two decades of executive leadership in both public enterprises and emerging startups, Kirby is a published author, keynote speaker, teacher, and frequent contributor to over 20,000 online followers.