Cybersecurity & Data Privacy
Forbes estimated that cybercrime will cost approximately $6 trillion per year on average through 2021.
A 2017 Accenture report shows that the average annualised cost of cybersecurity is around USD 11.6 Million, or a 22.7% percentage increase in the cost of cybersecurity in a year.
As IoT solutions proliferate in different industries, so are the increased risks of cybersecurity breaches. The costs of cybersecurity breaches are not just monetary, it’s your company’s reputation, and in some cases, as history has shown us, it could be the end of your company.
How then is your company prepared to protect your assets from security breaches? A holistic approach to securing your IoT solution, protecting your data, and prepare your business to be ready to detect and deal with breaches is critical.
A good place to start is to use industry guidelines, such as security frameworks from NIST, GSMA, the IIC, to name a few.
Infyra can assist your organisation in your journey to establish a holistic IoT cybersecurity strategy, from business readiness to technical approach. We are not vendor, and therefore we won’t be pushing you to buy a security solution, rather we’d help you clearly see the security vulnerabilities, and plan your approach.
Call us to discuss your IoT Security Strategy