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Understanding Security Risks in an Automated World: Advancing IoT Brings Risk and Requires Preparation

Understanding Security Risks in an Automated World: Advancing IoT Brings Risk and Requires Preparation

As the entire enterprise and government sectors begin and continue implementation of IoT-based technologies, including automation, monitoring, and tracking of assets, equipment, and systems, the risks levels are expected to advance and introduce threats that could take down companies if not prepared. With cyber-attacks increasing across the globe, companies and entire industries are at risk. Currently, information technology (IT) managers are witnessing an increase in the severity of attacks. The intensity of cyber-attacks on basic back-end applications and equipment, including client-facing services, is becoming a critical and high priority of investment to minimize threat costs and future attacks. This report dives into key risks, implications, security pillars, key findings, and recommendations, as well as includes the North America Cybersecurity market forecast.


Compass Intelligence conducts ongoing research by utilizing some of the following research methodologies to complete market forecasting, uncovering the top trends, sharing the latest market drivers and challenges, and performing competitive analysis:

Ongoing top-down

The Compass Intelligence database of forecasts, metrics tracking, and financial modeling is upwards of 100s of individual and detailed segmentation analysis of the top industries influencing the mobile industry today.

Forecasting may be validated using existing market data that falls in a relevant market or has relatable metrics to further refine trending and benchmarking

Compass Intelligence may also share informal forecasts and metrics with industry participants to gather feedback and confirmation, which support in validation or refinement of the model or key forecasts.

Compass Intelligence often makes assumptions given our market experience around segmentation and modeling to further segment forecasts by key demographic or other industry characteristic

Continuing vendor analysis through 3 rd party sources including earnings report, financial reports, website review, social media, and secondary sites that analyze key vendor or competitive analysis

Use of existing, internal, and recent survey research collected using the Thought Leaders research and panel owned and managed by Compass Intelligence. These surveys may be conducted with end-users or decision-makers in the consumer or B2B market.

Conducting briefings, interviews and meetings live, by phone, over chat, via email, web conference, and other tools with managers, owners, and executives of key industry participants, companies, financial investors, and other industry thought leaders.

Industry trade shows, conferences, events, and organizations. Compass Intelligence is a member, board advisor, and participant in many of the top trade shows and conferences. Leveraging the meetings, sessions, presentations, and relationships at these events, supports in additional market intelligence gathering that is often used in our reporting and final write-ups.

Additional resources may be used or unique for key reports depending on the topic and experience of our senior staff.

About Compass Intelligence
Methodology
Introduction
Top Five Report Key Findings
Key Recommendations & Analyst Insights
Understanding Cyber Risks in an Automated World: Advancing IoT Brings Risk and Requires Preparation
Vertical or Industry Impact
Global IT Security Market Size
Analysis on the Threats and IT security Risks
Insurance Implications
IoT and Resource Implications
Taking the First Steps to Prepare, Policy and Standards
Profile of the Type of Attackers
Stake-holder Analysis
Future Direction and Recommendations
Lack of Standards and Regulations is Limiting Growth Potential
Lack of Industry Collaboration
Companies Believe Outdated Tools are Sufficient
Openness of End-users Regarding Security Breaches
Risk Benefit Analysis for Various IT security Solutions
Role of Corporate Culture
Roadmap the Business IT security Market
Short Term
Medium-Term
Long-Term
Final Findings & Recommendations

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