The Mirai botnet in 2016 served as a rallying cry that many Internet of Things had practically no security features built in. But between then and now, there have been relatively few comparable headline-grabbing, IoT-related security stories. Are there a flood of attacks that have simply been unreported? Or was the initial assessment about the scope of the IoT security problem exaggerated? Coming to a firm understanding of IoT security can be elusive, making it difficult for organizations to assess how many resources to allot to address the problem. Here, we take a look at the current state of IoT security and offer recommendations for organizations to understand and address the cyber risk their IoT projects can pose.

This report also assesses:

• Blockchain’s potential for IoT security and why its cybersecurity potential is unlikely to live up to its hype in the short term.

• The looming threat of quantum computing to render many common encryption algorithms obsolete in coming years and what that mean for IoT deployments.