Technology security specialists DigiCert have released a study revealing that many organisations are sustaining significant financial losses as a result of insecure IoT environments. Digicert estimates that 25 percent of IoT companies have sustained financial losses of approximately £34 million in the last two years.
Why are these companies losing so much money?
IoT organisations are primarily losing money because of weak security. This makes them more susceptible to attacks by hackers and data thieves, and DDoS attacks are on the increase.