IoT adoption to surge despite regulatory sluggishness
REGIONAL TRANSFORMATION OUTLOOK 2019
In 2018, organisations in the Middle East invested heavily in multiple solutions to build and strengthen their cyber defenses. This trend will continue in 2019 as well, as organisations steadily increase their cybersecurity investments. IoT will continue its rapid expansion with over 50% of businesses incorporating IoT into their operations in 2019 for economic advantages, market competitiveness, and differentiation.
IoT-enabled device innovation will continue to outpace the security built into those devices and federal government regulation will continue to fall short in defining the laws and fines required to affect change. State-level regulations will be enacted to improve the situation, but will likely fall short in impact, and in many cases, only result in a false sense of consumer confidence with respect to the security of these devices.
Cloud will become an increased target in 2019 as adoption grows and attackers exploit weaknesses in shared security models. Cloud providers will protect the infrastructure platform with an increased awareness of hardware-based attacks, however the lack of understanding about how best to secure data in and access to the cloud will leave room for errors and misconfigurations.
Key takeaways
- IoT will continue expansion with over 50% of businesses incorporating IoT for economic advantages, market competitiveness.
- IoT-enabled device innovation will continue to outpace the security built into those devices.
- Federal government regulation will continue to fall short in defining the laws and fines required to affect change.
- State-level regulations will be enacted to improve the situation and in many cases result in a false sense of consumer confidence.
- Cloud will become an increased target in 2019 as adoption grows and attackers exploit weaknesses in shared security models.
