Report: 90% of technology decision-makers deem security a 'business priority'

According to the PSA Certified 2022 Security Report, 90% of its technology decision-maker respondents have increased the importance placed on security in the past 12 months, making it one of their top three business priorities.

The annual report, now in its second year, surveyed 1,038 technology decision-makers across Europe, USA, and APAC. They found that a third of companies believe that the risk of IoT hacks has risen during the pandemic due to widespread distributed working. A further 31% of respondents identified cost as the major inhibitor from implementing more stringent security measures.

The desire for guidance is also higher than ever, with 96% of respondents saying they would be interested in an industry-led set of guidelines on IoT best practices – considerably higher than the 84% in 2021.

Security frameworks and step-by-step guides were ranked as the most useful tools for deploying secure products to market, underlining the critical nature of education and support in shaping a more secure IoT.

Read the full report here.

EU requirements for IoT cyber security adopted

The EC has today (October 29th) adopted the delegated act for RED (Radio Equipment Directive) which relates to cyber security.

This means that by the end of this year, the European standards bodies like ETSI will begin work on creating consumer IoT cyber security standards that can be used to demonstrate conformity to these acts.

The delegated act will come into force following a two-month scrutiny period, should the Council and Parliament not raise any objections.

There will then be a 30-month transition period, including standards development and review, before it is mandatory to conform as part of market access in the EU, likely mid-2024.

New standards will be derived from the existing IoT Cyber Security Standard EN 303 645 and its test specification TS 103 701, which are comprehensively covered on all devices by SafeShark’s BSI-backed certification scheme.

More information is available here.