The Internet of Things (IoT) is generating a great deal of excitement across all verticals, especially as operators ramp up plans for 5G networks. IoT increasingly is being used across a broad spectrum of industries, as well as in the consumer segment. Globally, IoT connections will grow to 3.9 billion by 2022, representing a 32 percent compound annual growth rate (CAGR) from 2017.
However, as more “things” are connected, IoT becomes increasingly vulnerable to cyberattacks and hacks. Currently, fewer than half of businesses can detect if any of their IoT devices suffer a breach. This comes despite increases on spending for protection and the widely held belief that security is a major consideration on IoT networks