The cost of IoT hacks: Up to 13% of revenue for smaller firms

Nearly half of U.S. firms using an Internet of Things (IoT) network have been hit by a recent security breach, which can cost up to 13% of smaller companies’ annual revenue, according to a new survey by Altman Vilandrie & Company. IoT security breaches are more common than you may think The survey, which polled approximately 400 IT executives across 19 industries, showed that 48 percent of firms have experienced at least one IoT security … More

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