By Chris Bartlett, Partner, PwC and Mohammad Chowdhury, Partner, PwC
Not Surprisingly IOT Security is expected to become a Big Business
Not surprisingly IoT security is expected to become a big business. Companies must first understand the principles and criticality for IoT security, particularly at the communications network level, where mobile operators must play a role. Then they need to develop guidelines and implement IoT security controls in the enterprise environment.Source: PwC Global State of Information Security Survey, 2018 The effort to create a culture of awareness for IoT security risks is critical, but lacking in most businesses today. Countries such as Australia also have a challenge around the shortage of available IoT security skills in the market, since graduate output lags demand and professionals in this space often go to work abroad or else will get snapped up by a few high paying companies. Australia needs an IoT security action plan if we are to scale up our capability as well as build trust in the benefits of digitization.