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Why IoT Security is a must for digital economy

Kigen in the news
Published on Business Reporter’s Digital Economy special edition in May 2021.

See journalist Rachel Hicks interview Kigen’s CEO, Vincent Korstanje on his insights into why robust IoT security for any type of connected device is a must have for the future and the opportunity security of our devices and data opens up for the digital economy.

https://vimeo.com/555323294

Overview:

Industry estimates that there will be trillions of IoT devices in the next decade that will connect virtually everything in our homes and businesses. Secure and trusted IoT identities and data assured at source and at the point of exchange will be a catalyst to digital growth.

Here are the three critical capabilities needed for success:

  • Change in perception of security
  • Unlocking the data opportunity with trust
  • An ecosystem-based approach to growth

Why does IoT security matter?

With the ever-increasing number of connected devices, all the stakeholders, including IoT device manufacturers, service providers and businesses designing services, must change their perception of IoT security from a “nice to have” to a “must-have”. Security will be an essential part of the user experience and will allow businesses to gain the longer-term engagement of their customers

Businesses that place the onus on building trust as a vital part of their social contract with their users will win in the connected future.

Vincent Korstanje

Interviewer:

Rachel Hicks, Business Reporter

Interviewee:

Vincent Korstanje, CEO at Kigen

Read the full article here