The internet of things (IoT) has become one of the biggest areas of concern for cyber security experts. It was among the most discussed subjects at an annual conference in Singapore in May arranged by Fortinet, a software company that provides enterprise-level next generation firewalls and arrays of network security products.
At the conference, Tyson Macaulay and Darren Turnbull, experts on network security at Fortinet, said the market was both a threat and an opportunity.
Here’s why: The size of the IoT market is estimated to become more than double the size of the smartphone, PC, tablet, connected car and wearable market put together by 2019, according to Businessinsider.com, a news and research website. At the same time, IoT’s sercurity loopholes can wreak havoc in our lives, from enabling terrorism to simple hacking.
Here’s the opportunity and the threat in numbers.
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(This story appears in the 22 July, 2016 issue of Forbes India. To visit our Archives, click here.)