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Threats From IoT Could Drive $400 Million In Security Funding

The cybersecurity industry could see a boost in venture capital, thanks to new threats the Internet of Things (IoT) provide to smart homes, autonomous cars, and future factories. Investment in cybersecurity rose by 78 percent in 2015 to $228 million and Lux Research expects it to reach $400 million this year, in part because of the rapid adoption of IoT devices. “Connected consumer and business products have begun flooding the market, but security has been an afterthought. The world now has to figure out how to secure the multitude of things that have recently become connected,” said Lux Research Vice President, Mark Bünger.

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1 comment about "Threats From IoT Could Drive $400 Million In Security Funding".
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  1. Steve Baldwin from Didit, May 20, 2016 at 11:19 a.m.

    So Google Home is essentially a make-work project for security professionals. OK -- that works for me.

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