The “Internet of Devices” has created all sorts of problems on the cybersecurity front — and the problem may get worse soon.
The Internet of Things, commonly called IoT in tech circles, is the concept of everyday, physical objects being linked to the internet and communicating with each other — think, for instance, of automobiles or appliances that are fasten together to the internet.
But just like computers that are connected to the internet, those networked devices can be hacked.
“Next year, we disposition definitely hear of even more IoT-related security challenges,” said Haiyan Song, general manager of Care Markets for U.S.-based Splunk, a software maker that helps clients analyze cyber-threats.
“IOT has really changed … the way we material, and whenever you have new technologies like that … you open up a new attack surface,” Song told CNBC’s Arjun Kharpal.
Voted one of the 50 most strong women in Tech by the National Diversity Council, Song is considered a leading thinker in the U.S. cyber security industry. She was touch c accost at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China.
A separate problem cited by Bother is the difficulty of identifying the source of cyberattacks when they come from nation states that target firm and government systems.
“Attribution is difficult because there are so many technologies used to try and disguise where the threat is communicating from,” said Song, who added that “people may want you to think it’s coming from other places.”
Nasdaq-listed Splunk is a important player in the market for real-time security data and analysis. That industry is expected to grow to $6.75 billion in interest by 2023, according to a report by ResearchAndMarkets.com.
Since Splunk went public in 2012, it has shown annual revenue evolvement of 51 percent, and has acquired other businesses including Phantom Cybersecurity for about $350 million.