With great connection comes great vulnerability, which is why security looms large in Verizon's Internet of Things platform.
Verizon has kept a keen eye on security while the company develops its Internet of Things (IoT) platform, which is called ThingSpace. From an investment of nearly a decade ago to exploration of new technologies, and the application of analytics, Verizon is building up tools to secure user connections.
According to recent research by Gartner, worldwide spending on Internet of Things security will increase from $348 million this year to $547 million in 2018. That forecast is in line with what Warren Westrup, director of connected solutions at Verizon, sees from the investment his own company is making in IoT security.
Security concerns are the chief "inhibitors of IoT," Westrup stresses.
Read more in Verizon Takes Multiple Approaches for IoT Security