The internet of things (IoT) is key to smart cities in order to make them more intelligent, efficient and sustainable. However, digital security investments in smart cities are struggling to keep pace, leaving the potential for future vulnerabilities to the IoT ecosystem, according to a new report from ABI Research.
Smart city security spending coming from financial, information and communication technologies (ICT) and defense industries will account for 56% of the projected $135 billion in total cybersecurity critical infrastructure in 2024, ABI Research forecasts. The remaining 44% of the spending will be split between energy, healthcare, public security, transport, and water and waste sectors. This spending will leave IoT woefully underfunded and vulnerable to cyberattacks.
Weiterlesen: Digital security for the internet of things in smart cities severely lagging
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We spoke with CEO Bob Glatz and Chief Engineering Officer Bret Beringer about the solutions provided by the company, how they deal with cybersecurity threats, and interesting ways the platform can be utilized.
Smart cities’ are harnessing the Internet of Things (IoT) to make more intelligent, efficient, and sustainable transport and other services. However, digital security investments in smart cities are severely lagging thus seeding the future vulnerabilities of the IoT ecosystem, it is claimed.
The Financial, Information and Communication Technologies (ICT), and defence industries will account for more than half, 56pc of the US$135 billion projected total cyber security spend in critical infrastructure in 2024, finds the market advisory firm ABI Research. The remaining 44pc of the 2024 spend will be split between the energy, healthcare, public security, transport and ‘water and waste’ sectors – leaving them woefully underfunded and incredibly vulnerable to cyberattacks, according to the research report.
As cities race to install internet-of-things networks to enable smart city development, they are making insufficient investment in digital security, according to global tech market advisory firm ABI Research.
Over half of the $135 billion projected to be spent protecting critical infrastructure from cyber attacks in 2024 will go to the financial, IT and defense sectors. The rest will be split among energy, health care, public security, transportation and water and waste sectors, "leaving them woefully underfunded and incredibly vulnerable to cyberattacks," ABI Research officials said.
Weiterlesen: Smart cities vulnerable to IoT-based cyber attacks
Urban transportation systems are undergoing an evolution by using mobility and IoT systems to optimize their processes.
Mobility is both the means to and measure of a smart city. Defined by moving people and goods across an urban environment, increasing mobility is a critical objective for cities as they become more populated, congested and further strained by demands on aging infrastructure. Location data is the heartbeat of mobility in smart cities as it connects everything physical to digital. Smart mobility enables people and objects to live, move and interact faster, safer and in a more efficient way than ever before. Forward-thinking cities and governments are looking for advanced location technology to fuel invention and solutions to optimize their cities.