IoT security spending to reach $1.5 billion in 2018

Internet of Things (IoT)-based attacks are already a reality. A recent CEB, now Gartner, survey found that nearly 20 per cent of organisations observed at least one IoT-based attack in the past three years. To protect against those threats Gartner, Inc. forecasts that worldwide spending on IoT security will reach $1.5 billion in 2018, a 28 per cent increase from 2017 spending of $1.2 billion.

Tackling the compromised IoT threat

Exabeam has introduced a new product that uses machine learning to spot compromised IoT and other devices. Exabeam Entity Analytics discovers the normal behaviour of medical, industrial, networking, home and mobile devices, and uses that baseline to alert security teams when unusual events occur.

Ruckus introduces IoT Suite

Ruckus Networks has introduced the Ruckus IoT Suite, which enables organisations to readily construct a secure IoT access network that consolidates multiple physical-layer IoT networks into a single network.

Tieto strengthens its Artificial Intelligence capabilities

Artificial intelligence is rapidly moving into businesses, and the technology is fundamentally reshaping society. To strengthen and expand its AI capabilities, Tieto has recruited Christian Guttmann, a renowned and world-leading expert in the field of AI. In his new role, Christian drives fast-growing and innovative business opportunities for Tieto’s customers.

Connected successfully