Low ratings for the risk of hacking for some of these devices may simply reflect lack of knowledge about how dangerous the information collected could be in the wrong hands. A smart thermostat or lightbulb, for instance, can tell when people are at home – thereby opening up the possibility of theft when absent. A hacked medical monitoring device could become life threatening. In addition, any inadequately secured IoT device has the potential to compromise home computer systems through a home network connection.
"Consumers don't seem to recognize the amount of sensitive data that these devices collect," said Tina Stewart, VP of marketing at Vormetric. "Consider fitness trackers. These generate a continuous stream of location and health data that can pinpoint where a person is at all times when wearing the device. There are already many cases in the courts where Fitbit data is being used to corroborate testimony and check on people's whereabouts. It's important that people take the time to investigate the data security of their IoT devices. After all, personal and financial health could be at stake."
Although still considered an emerging area, Americans are eagerly adopting IoT technologies. Almost half of the respondents polled are using internet-connected devices, with boomers (46%) lagging behind millennials (56%). The most popular devices already in use are:
- Autos (24%)
- Wearable fitness trackers (18%)
- Home security cameras or similar devices (9%)
- Thermostats (8%)
- Lightbulbs (7%)
- Smartwatches (7%)
"Given the exponential growth in the number and type of IoT devices, security should now be top of mind," said Peter Galvin, chief marketing officer of Thales e-Security. "From our experience, we've found that forward thinking companies are protecting themselves and their customers by ensuring that their IoT devices can be trusted, and access to the data generated controlled with encryption throughout its lifecycle – on the device, in transit as well as where stored and analyzed."
For more information on how Thales helps organizations deliver digital trust across connected devices, applications and platforms, read about how Samsung is using Thales solutions to solve IoT security problems here.
The Vormetric Survey was conducted by Wakefield Research among 1,000 nationally representative U.S. adults ages 18+ in July 2016, using an email invitation and an online survey. Quotas have been set to ensure reliable and accurate representation of the U.S. adult population. Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
About Vormetric, a Thales company
Vormetric's comprehensive high-performance data protection platform helps companies move confidently and quickly. Our seamless and scalable platform is an effective way to protect data wherever it resides—any file, database and application, in any server environment. Advanced transparent encryption, powerful access controls and centralized key management let organizations encrypt everything efficiently, with minimal disruption. Regardless of content, database or application—whether physical, virtual or in the cloud—Vormetric Data Security enables confidence, speed and trust by encrypting the data that builds business. Vormetric Data Security was recently acquired by Thales Group and is now a Thales company.
Please visit: www.vormetric.com and find us on Twitter @Vormetric.
Thales is a global technology leader for the Aerospace, Transport, Defence and Security markets. With 62,000 employees in 56 countries, Thales reported sales of €14 billion in 2015. With over 22,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its exceptional international footprint allows it to work closely with its customers all over the world.
Positioned as a value-added systems integrator, equipment supplier and service provider, Thales is one of Europe's leading players in the security market. The Group's security teams work with government agencies, local authorities and enterprise customers to develop and deploy integrated, resilient solutions to protect citizens, sensitive data and critical infrastructure.
Drawing on its strong cryptographic capabilities, Thales is a global leader in data protection and one of the world leaders in cybersecurity products and solutions for defence, critical infrastructure and telecommunication operators, industrial and financial companies. Covering the entire cybersecurity chain, Thales offers a comprehensive range of services and solutions that includes: cybersecurity consulting and testing, cyber-secured software centric system design / development / integration and certification, provision and through-life management of data protection products and services, secured IT outsourcing and cloud computing solutions, as well as managed security services based on our network of Security Operation Centers in France, the United Kingdom and the Netherlands.
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