The rapid rise of the Internet of Things (IoT) demands a new look at security. With network vulnerabilities and the potential for industrial process interruption, companies need to develop new strategies to mitigate and manage cyber-risks.
The IBM Institute for Business Value Benchmarking Program worked with Oxford Economics to understand how organizations:
- Identify and protect themselves against the cybersecurity risks posed by deploying the Internet of Things (IoT) in their operations/ factories
- Detect, respond to, and recover from IoT related cyber-security incidents, and
- Measure the effectiveness of their risk and incident management capabilities.
We surveyed 700 executives in 20 countries across 18 industries in the industrial and energy and utilities sectors, who:
- Have deployed or are in the process of deploying the IoT in their factories/ operations;
- Have a point of view on security; and
- Are using an Industrial Control System (ICS) and/or Supervisory Control and Data Acquisition (SCADA) system in their operations.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
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