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New Report on IoT Security Underscores the Current Risk of Unsecured Devices and EquipmentSUNNYVALE, Calif., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Asimily, a leading Internet of Things (IoT) risk management platform, today announced the availability of a new report: IoT Device Security in 2024: The High Cost of Doing Nothing. The comprehensive report—available for free download here—highlights emerging IoT device security trends and challenges. Enterprises continue to embrace IoT strategies to streamline operations, boost efficiency, and improve customer experiences. From hospitals to manufacturers to public sector agencies, IoT device fleets are critical for meeting these modernization goals. However, the acceleration in connected device deployment opens new windows for cybercriminals and exposes networks to potential breaches. This report addresses the growing challenge of securing IoT devices and explores the consequences for businesses neglecting sufficient cyber resilience. It also provides valuable guidance for implementing a comprehensive approach to mitigating IoT-related cyberattack risks. Among the key findings and analysis included in the new report:
“Vulnerable IoT devices continue to be a glaring cybersecurity weak spot for many, many enterprises,” said Kenan Frager, VP of Marketing, Asimily. “In the rush to absorb all of the business benefits these devices deliver, sufficient security—and the impact that security has on the broader network—is too often left unchecked. Regardless of industry, an attack on IoT infrastructure can and will result in operational downtime, loss of IP, loss of revenue, and reputational harm. Regulatory compliance adds another layer of pressure, with steep fines and sanctions looming for breaches that affect HIPAA, PCI DSS, NIST, SOC 2, and other increasingly stringent mandates.” “There’s a clear and urgent need for more businesses to prioritize a more thorough risk management strategy capable of handling the unique challenges of the IoT,” said Shankar Somasundaram, CEO, Asimily. “While organizations often struggle with the sheer volume of vulnerabilities in their IoT device fleets, crafting effective risk KPIs and deploying tools to gain visibility into device behavior empowers them to prioritize and apply targeted fixes. This approach, coupled with a deeper understanding of attacker behavior, enables teams to distinguish between immediate threats, manageable risks, and non-existent dangers. The right strategy equips organizations to focus efforts where they matter most, maximizing their resources while ensuring the security of their IoT ecosystem at scale.” Download and read IoT Device Security in 2024: The High Cost of Doing Nothing here: https://asimily.com/iot-device-security-in-2024-the-high-cost-of-doing-nothing/ About Asimily Asimily has built an industry-leading risk management platform that secures IoT devices for organizations in healthcare, manufacturing, higher education, government, life sciences, retail, and finance. With the most extensive knowledge base of IoT and security protocols, Asimily inventories and classifies every device across organizations, both connected and standalone. Because risk assessment—and threats—are not a static target, Asimily monitors organizations’ devices, detects anomalous behavior, and alerts operators to remediate any identified anomalies. With secure IoT devices and equipment, Asimily customers know their business-critical devices and data are safe. For more information on Asimily, visit https://www.asimily.com Contact A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ddf218ec-a8a0-48b5-884b-ca35f842ac44 |