Data Loss Considered to be Biggest Risk of IoT, Followed by Malware and Unauthorized Access
"The battle for the Internet of Things has just begun. According to industry research firm IDC, the IoT market is expected to hit
The Connected Home is a reality - A majority (61 percent) of all respondents believe that the connected home (a home in which household appliances and home electronics are seamlessly connected to the Internet) is "extremely likely" to become a reality in the next five years.
Homeowners are concerned about data breaches - A majority of all respondents voiced their concern that a connected appliance could result in a data breach or exposure of sensitive, personal information. Globally, 69 percent said that they were either "extremely concerned" or "somewhat concerned" about this issue.
Privacy and trust are concerns - When asked about the privacy of collected data, a majority of global respondents stated, "privacy is important to me, and I do not trust how this type of data may be used."
Data privacy is an extremely sensitive issue - Relating to privacy, respondents were also asked how they would feel if a connected home device was secretly or anonymously collecting information about them and sharing it with others. Most (62 percent) answered "completely violated and extremely angry to the point where I would take action." The strongest responses came from
Users demand control over who can access collected data - When asked who should have access to the data collected by a connected home appliance, 66 percent stated that only themselves or those to whom they give permission should have this information.
Consumers look to their government for data regulation - Many respondents (42 percent) around the world stated that their government should regulate collected data, whereas 11 percent said that regulation should be enforced by an independent, non-government organization.
Device manufacturers are mostly on the hook for security - If a vulnerability was discovered in a connected home device, 48 percent of all surveyed agreed that the device manufacturer is responsible for updating/patching their device. However, nearly 31 percent responded with "as a homeowner, it is my responsibility to make sure that the device is up to date."
The next looming battle: secure home routers versus clean pipes - A clear schism appears worldwide when homeowners were asked about how connected home devices should be secured. In nearly equal proportion were those who replied, "a home router should provide protection," versus those who said, "my Internet provider should provide protection."
Homeowners are willing to pay for a connected home - When asked, "would you be willing to pay for a new wireless router optimized for connected home devices," 40 percent responded with "definitely" and another 48 percent said "maybe." In a follow-on question, 50 percent said they would pay more for their Internet service in order to "enable connected devices to function" in their home.
Price is the primary factor - Although homeowners report a willingness to pay more to enable their connected home, when asked what factors impact their buying decisions of connected home devices, the number one answer that was consistent in all countries was price, followed by features/functionality and then manufacturer brand.
"The Internet of Things promises many benefits to end-users, but also presents grave security and data privacy challenges," concludes Maddison. "Crossing these hurdles will require clever application of various security technologies, including remote connection authentication, virtual private networks between end-users and their connected homes, malware and botnet protection, and application security - applied on premises, in the cloud and as an integrated solution by device manufacturers."
Research for the Internet of Things: Connected Home survey was conducted by GMI, a division of
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