Internet of Things (IoT)

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IOT: Security Service Providers Cautiously Rejoice

By Christina Richmond

IDC predicts that by 2020 there will be a projected 30 billion connected "things" and a revenue opportunity of $1.7T for the ecosystem (IDC #248451, May 2015). For security service providers this is a terrifying yet exhilarating prospect. Terrifying because providers such as consultancies, systems integrators, security vendors, and managed security service providers (MSSPs) know that the communication stream for many of these things is not like legacy internet protocol communication between IT devices. Exhilarating because there is a lot of money to be made* in this "wild west frontier" of securing these newly connected endpoints.

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