Technology

GAO Warns On Cost, Danger of Prehistoric Tech

In-brief: The U.S. Government spends the lion’s share of its IT budget maintaining legacy technology, some of it 30 and 40 years old. That trend is getting worse and depressing investment in newer technology, a report by the Government Accountability Office warns. 

Cisco Study: Disruptive Tech Could Drive Retail Bank Die Off

In-brief: A study by Cisco Systems found that innovation will drive a major shakeup in the retail banking sector, with concerns about cyber security a major roadblock to innovation.

EFF Warns of Security Culture Gap at Hardware Engineering Firms | TechCrunch

In-brief: A senior attorney at the Electronic Frontier Foundation warned about the security knowledge gap facing traditional engineering firms as they pivot to making connected devices. 

Verizon: No ‘Real World’ Internet of Things Risk. Really?

In-brief: Verizon said in its 2016 Data Breach Investigations Report that it found no “real world” data on cyber incidents tied to Internet of Things technologies. Really?

There will be a Half a Billion Dollar IoT Security Market by 2018

In-brief: technology analyst firm Gartner Inc. predcits worldwide spending on IoT security will exceed half a billion dollars in just two years.