Global Study Reveals IoT Adoption is at 69 Percent Despite Security Concerns

BOISE, Idaho, Nov. 14, 2017 -- Cradlepoint today announced the release of a new Cradlepoint Business Intelligence Report, “The State of IoT 2017-2018”, which reveals the current IT practices, perceptions and future plans surrounding global Internet of Things (IoT) deployments. The findings of the underlying study revealed that even though over 69 percent of organizations have adopted, or plan to adopt, IoT solutions within the next year, 40 percent of companies have serious concerns around cybersecurity.

Conducted by Spiceworks, the study surveyed 400 IT professionals in the U.S., Canada and the UK at companies with at least 500 employees across 22 industries. Respondents are all involved with IoT strategies and decisions at their organizations.

While cybersecurity remains the top concern (40 percent), it is a desire for increased physical security that is the top driver for IoT adoption (32 percent), followed by improved operational processes (23 percent), reduced operational costs (21 percent) and simplified management (20 percent). Approximately 71 percent of respondents who already use IoT technologies say they’re using it for building security, often through security cameras.

Recent botnet attacks have infected millions of IoT devices. However, despite the growing security threat associated with IoT, the research shows that about half of the organizations surveyed are deploying IoT solutions on their existing enterprise network and 57 percent prefer to manage their own IoT device security.

“Following the spread of IoT botnets like Reaper and Mirai, which infected millions of internet-connected security cameras, routers, and digital video recorders, it’s evident that insecure IoT devices, even connected security devices, are putting organizations more at risk,” said Peter Tsai, senior technology analyst at Spiceworks. “Before deploying network-connected devices that create more entry points for hackers to exploit, organizations should vet the security of all IoT devices they plan to introduce and ensure their company can adequately protect these devices from potential threats.”

“Our new ‘State of IoT’ report highlights a looming issue within commercial IoT deployments – cross-contamination. Companies that deploy IoT devices on their existing enterprise networks are significantly expanding their attack surface and creating new vulnerabilities to IoT-specific threats that traditional security tools are not equipped to handle,” said Ken Hosac, vice president of IoT business development at Cradlepoint. “The good news, however, is that companies can leverage software-defined perimeter technology to spin-up virtual overlay networks, without trained specialists, that isolate IoT devices from existing networks—and other IoT devices, control access and shield them from being Internet-addressable.”

Additional resources can be found at https://cradlepoint.com/IoT

About Cradlepoint

Cradlepoint is the global leader in cloud-based network solutions for connecting people, places, and things over wired and wireless broadband. Cradlepoint NetCloud is a software and services platform that extends the company’s 4G LTE-enabled multi-function routers and ruggedized M2M/IoT gateways with cloud-based management and software-defined network services. With Cradlepoint, customers can leverage the speed and economics of wired and wireless Internet broadband for branch, failover, mobile, and IoT networks while maintaining end-to-end visibility, security, and control. Over 15,000 enterprise and government organizations around the world — including 75 percent of the world’s top retailers, 50 percent of the Fortune 100, and 25 of the largest U.S. cities — rely on Cradlepoint to keep critical sites, workforces, vehicles, and devices always connected and protected. Major service providers use Cradlepoint network solutions as the foundation for innovative managed service offerings. Founded in 2006, Cradlepoint is a privately held company headquartered in Boise, Idaho, with development centers in Silicon Valley and Kelowna, Canada, and offices in the UK, Australia, and Japan. Learn more at cradlepoint.com or follow us on Twitter @cradlepoint.

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