Private equity firms searching for the next big thing are looking with excitement to the Internet of Things (IoT) and the Gartner forecast that 20.4 billion connected devices will be in use by 2020. IoT growth rates are astounding, but the risks and rewards for investors will come from how industry players deal with new security threats.
The proliferation of IoT devices means more equipment is vulnerable to a security breach than ever before. That’s everything from virtual voice assistants and washing machines in your home, to manufacturing robots and physical access controls (keys, fobs and motion detectors) at your workplace.
Read more: Profit, Peril And The Internet Of Things