ARM CEO calls for new intitiaves on security in IoT
Internet of Things (IoT) security was a driving force at the ARM TechCon show this week in Santa Clara, California. CEO Simon Segars, in his Nov.11 keynote address, talking about security, privacy and the need to develop trust among end users and governments in the use of a myriad of connected devices in use. Otherwise, they risk stalling what he and ARM partners on the TechCon stage said is a significant opportunity for technology innovations, business advancements and improving the lives of the world’s population.
During a recent webcast, Frank Gens, senior vice president and chief analyst at IDC, reportedly said that by 2018, two-thirds of enterprises will experience IoT security breaches.”Trust is all about risk mitigation,” said Coby Sella, vice president of products and technology at ARM said during a panel discussion. “You need to address that risk factor.”
Simon Segars, ARM CEO
Segars said untrustworthy connected devices will be unused devices as users security concerns rise and governments will impose regulations. He said it is imperative for the industry to get ahead of the problem.”Let’s take that opportunity to get the IoT right.
IoT is growing quickly. Cisco Systems forecasts that the number of connected devices worldwide will jump to more than 50 billion by 2020, double the number in play now. IoT spending will hit $1.7 trillion by that year, according to IDC, and as the number of devices grows, so will the number of cyber-attacks.
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