IoT Security Compliance Checklist

Recurrent cases of Cyber attacks such as the Dyn Cyberattack in 2016 and the Jeep Cherokee Hack in 2014 are all proof that any IoT device needs a robust IoT Security Framework in place to avoid a security problem. Any hack into an IoT Network can make bring a business to a complete standstill, and this can lead to a loss in brand loyalty, loss in revenue, and more depending on the nature and severity of the attack. In fact, Cyber attacks cost U.S. enterprises $1.3 million on average in 2017.This is a huge figure considering the fact that the average cost of a cyber attack for enterprises grew from $1.2 million in 2016 to $1.3 million in 2017. That’s 10 times higher than the $117K cost of a breach for SMBs.

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