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(via Business Insider)

IoTsecurityBI Intelligence

More than 20% of enterprises will have deployed security solutions for protecting their IoT devices and services by 2017, Gartner predicted at its security and risk management summit in Mumbai, India this week.

IoT devices and services will expand the surface area for cyber attacks on enterprises, by turning physical objects that used to be offline into online assets communicating with enterprise networks. Enterprises will have to respond by broadening the scope of their security strategy to include these new online devices.

Enterprises will need a combination of old and new security solutions and protocols to protect these IoT devices, as many of them will be connected both to online and offline networks, like industrial control systems. This will make securing IoT devices and services a complex task that requires assessing vulnerabilities in both legacy systems and online networks and databases. The number of different types of devices involved in the IoT – with widely varying computing power and memory space to run security software on the devices themselves – will make the task even more complex.

Enterprises will have to tailor security to each IoT deployment according to the unique capabilities of the devices… Continue reading

(via Business Insider)

department of homeland security hackers cyber attackREUTERS/Chris Morgan

In the past 12 months, the US government has not fared well against cyberattacks, and the budget may give an insight why.

Cyberattacks from China and Russia have infiltrated everything from President Obama’s schedule to the Pentagon’s Joint Chiefs of Staff’s email  to personal information of 7% of all government employees. There are reports that the two countries may have gained enough access to track the movements of intelligence members.

According to a report from Bank of American Merrill Lynch, one way to understand the weakness is the budget. Simply put, the government isn’t spending enough protecting its data.

"US departments are still not spending enough on cybersecurity, in our view," said the report from strategists Sarbjit Nahal, Beijia Ma, and Felix Tran. "Despite seemingly facing an increasing wave of attacks, spend on cybersecurity as a percentage of total department budget is still low."

While overall spending on cybersecurity has increased, now at approximately $12 billion a year, so have the attacks.

Data in the BAML from the Government Accountability Office showed that cyberattacks increased by 12-fold from 2006 to 2014, from 5,503 to 67,168.… Continue reading

(via Business Insider)

Connected Car Revenue From SystemsBI Intelligence

Automakers are in a rush to add internet connectivity to cars. They’re doing this for a number of reasons, including to collect data from the vehicle, push over-the-air updates, and improve car safety.

But one of the biggest ways automakers are leveraging connection in their vehicles is to sell connected car products and service. By 2020, revenues from connected services are expected to top $152 billion.

They’re offering a selection of connected features in cars, with a special focus on entertainment apps and safety-management features.

In a recent report from BI Intelligence, we look at revenue from the various connected-car internet services, as well as consumer attitudes to these services and how they want to pay. The report serves as a companion to our connected-car market forecast report.

Access The Full Report By Signing Up For A Full-Access Trial>>

Here are some of the key takeaways from the report:

(via Business Insider)

Max SchiresonYouTube

Max Schireson is the former CEO of MongoDB, the database software startup last reported to be worth $1.6 billion. 

Although MongoDB grew its revenue 30X and raised $220 million during his four years there, most people remember him as the man behind a resignation letter that went totally viral last year, when he stepped down from the CEO position to spend more time with his family. The impassioned letter got attention for its candor about the modern demands and realities of work-life balance. 

But roughly 11 months after freeing himself from a grueling work life, Schireson announced on Thursday that he’s back in a full-time position at VC firm Battery Ventures.

"I have been doing less work, but I am ready to ramp up that part of my life a bit. I’m starting a job as an Executive in Residence at Battery Ventures," Schireson wrote in a blog post.

In his new job, Schireson said he’ll be helping Battery Ventures find attractive startups, while working with entrepreneurs to build the companies. However, he stressed that he has no plans of using his new role to start another… Continue reading