As the number of IoT devices grows, predicted “to reach 27 billion or more by 2025 (IDC, IoT Analytics)”, so does the need for IoT device management companies and security solutions. While there are many benefits to the IoT, there are also security risks that come along with it. Gartner estimates that “75% of security failures will result from inadequate management of identities, access, and privileges” by 2023.

IoT device lifecycle management is the process of managing the entire life cycle of an IoT device, from conception and design to manufacturing and distribution, to installation and eventual decommissioning. The goal of IoT device lifecycle management is to ensure that devices are properly managed throughout their lifespan to maximise their operational efficiency and longevity.

Imagine this… you walk into work; you are the supervisor of an automated automotive production line for one of the largest global car manufacturers. Everyone from the last shift is still there, they are not packing up to go home, in fact, they are panicking. The production line has shut down, nothing is working, and computer screens along the production line display a ransom demand.

The impact of ransomware attacks on healthcare is as alarming as it is under-addressed. The United States healthcare system alone faces an annual burden of nearly $21 billion due to these attacks. It pays well over $100 million in ransoms, and is beginning to acknowledge the tragic realities of impacted patient care, including higher patient mortality rates. For every headline related to cyberattacks, there are likely hundreds more that go unreported.

Have you noticed it’s never “Hey, someone got by a firewall” or “WOW, they bypassed the network security”? No. It’s always about the Device. It’s the same for hackers because everything else is just a means to an end, and that end is your Device! Imagine, late at night, driving around the Amusement Park security gate, then busting open the locked gated fence. These actions are necessary to get to the big score, the Rides! Yaaahoo!

It’s with great pleasure that we announce that Forescout has been awarded with “Overall IoT Security Solution of the Year” for our Forescout Continuum Platform in the 6th annual CyberSecurity Breakthrough Awards. This is the second consecutive year Forescout has been an award recipient in the CyberSecurity Breakthrough Awards in recognition of the support we offer to our customers and the larger cybersecurity industry.

Government agencies rely on IoT and OT devices to carry out their missions and manage everything from security cameras and personal identity verification (PIV) card readers that monitor and control access to facilities and data, to environmental controls that improve comfort, safety and efficiency. Data centers couldn’t operate around the clock without tightly controlled air conditioning, electricity and other physical infrastructure, much of which relies on IoT.

From the 19th – 22nd September, Amit Rao, Vice President – Sales & Business Development Asia, was asked to be part of the UK’s DEA Mission delegation to Singapore, on behalf of Device Authority. The delegation comprised of high growth legal, cyber and safety tech companies.

Internet-connected devices (also known as “the internet of things”) are a key business enabler for modern enterprises focused on transforming their businesses and gaining competitive advantage through automation and intelligent decision-making. According to IDC, there will be over 55.7 billion connected IoT devices (or “things”) by 2025, generating almost 80B zettabytes (ZB) of data.