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The importance of security in IoT | DAC 2017 blog

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June 22, 2017

Recently studies* have shown that 70% of companies are unwilling to pay more than a 10% premium for security. Which is pretty surprising when you consider some of the risks involved in creating products. In order to have an effective security solution you need several key parts. Firstly, it requires a high-level of expertise and that comes at a high cost. Secondly, you need a great deal of scrutiny to ensure your security solution is effective. For example, you need to ensure that the security is spread throughout the system and it’s really hard to achieve this without having a proper plan in place.

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