Web-enabled devices raise cyber risk fears

OpRisk North America: banks wary of growth in ‘internet of things’

Internet of things
IoT devices pose a challenge for cyber security specialists

The internet of things (IoT) is forcing banks to confront the threat that all manner of web-connected devices pose to information security. 

IoT consists of physical devices – anything from wireless printers to Fitbits – that connect to the internet and have the ability to collect and report data. The prevalence of such devices has risen sharply in recent years – there will be 20.4 billion IoT devices by 2020, according to research and advisory firm Gartner, up from 6.4 billion in 2016 – to the

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