"We've reached an era in computing now where we are able to project a pervasive digital presence into the edges of business and into the edges of life -- on the human body, in the human body, in the house, in the car," Perkins says. Gartner estimates spending security technologies to protect the Internet of Things will top $840.5 million by 2020.
What does the future of IoT security look like? Schneier, who has closely watched the cybersecurity market evolve over the last three decades, says the federal government must provide regulatory oversight into cybersecurity by establishing a new federal agency - ideally a Department of Technology Policy - to regulate the industry, similar to how the FCC was created to regulate airwaves and the FAA guides airlines. For now, Schneier says the government remains woefully behind on IoT awareness.
Yet Schneier remains cautiously optimistic about the industry's chances to solve the complex challenges - like it always has - over time and through trial and error. The solutions "will be like everything we do in computer security to date -- a hodgepodge of things that work pretty well," Schneier says. "We'll muddle through, screw it up and get better."
Source: CIO U.S.
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