AT&T, IBM, Nokia, Palo Alto Networks, Symantec and Trustonic are joining forces to innovate in the security space. These companies will use their combined expertise to help tackle key Internet of Things (IoT) security challenges.
This IoT Cybersecurity Alliance combines security providers and IoT experts. The group will research and raise awareness of ways to better secure the IoT ecosystem. As the number and kinds of connected devices multiply, so have the security risks. In the last three years, AT&T has seen a 3,198 percent increase in attackers scanning for vulnerabilities in IoT devices.
The IoT Cybersecurity Alliance can collaborate and research security challenges of IoT across verticals and use cases such as connected car, industrial, smart cities and healthcare. The IoT Cybersecurity Alliance will take use cases or business challenges in IoT cybersecurity to dissect and advance security concerns and identify ways to implement security across the value chain. It also dissects and solves for IoT security problems at every critical layer of security. These include the endpoint, connectivity, cloud, and data/application layers. This Alliance includes experts at each of these layers to help educate businesses and consumers on how to protect their connections.
The alliance can make security easy to access across the ecosystem. Security needs to exist across the value chain. Users will benefit from innovative IoT services and infrastructures that can withstand the ever-evolving threat landscape. It can also influence security standards and policies. Using each group member’s leadership and expertise will raise awareness of cybersecurity. It will engage regularly with policymakers and other organizations. IoT offers tremendous benefits and efficiencies to businesses, but security concerns often prevent businesses from adopting these emerging technologies.
IoT Cybersecurity Alliance members will help the industry maximize the advantages of IoT while educating about how to keep companies and consumers more secure.
This IoT Cybersecurity Alliance brings together market leaders in device security, connectivity, data, cloud, and applications. This combined effort creates the opportunity for end-to-end IoT security to help businesses continue to grow and compete in the ever-changing market.
“Be it a connected car, pacemaker or coffee maker, every connected device is a potential new entry point for cyberattacks,” said AT&T Chief Security Officer Bill O’Hern. “Yet, each device requires very different security considerations. It’s become essential for industry leaders and innovators like those in the founding members of this Alliance, to work together to help the industry find more holistic security approaches for IoT.”
Business leaders recognize the potential threat IoT devices designed without security in mind might pose for their organization. AT&T surveyed companies in 2016, and 58 percent said they were not confident in the security of their IoT devices.
“The explosive growth in the number of IoT devices is only expected to continue; therefore, so must the associated cybersecurity protections,” said Mo Katibeh, AT&T senior vice president of Advanced Solutions. “Today’s businesses are connecting devices ranging from robots on factory floors to pacemakers and refrigerators. Helping these organizations stay protected requires innovation across the whole IoT ecosystem to enable sustainable growth.”
Alliance members believe the key to IoT security lies in protecting all devices at the endpoint, network, cloud and application layer, and using overarching threat analytics to study the overall ecosystem and designing products with a built-in, always-on security approach.
These IoT Cybersecurity Alliance members want to advise customers and educate the industry on the cybersecurity measures needed to create a safer IoT ecosystem, foster collaboration and advance innovation with cybersecurity and IoT thought leaders.