Two recently published surveys about the telecom industry revealed that privacy as it relates to security and the internet of things (IoT) has become a top concern for both businesses and consumers.
Allot Telco’s security trends report for 2018’s third quarter found that 50% of consumers polled were concerned about loss of privacy or a cyber-attack. Additionally, 72% of the consumers surveyed stated that they were willing to pay a monthly fee, averaging at $5.26, for an IoT security service, and 16% of those who would buy security services would make that investment in their internet service providers (ISPs).
More than 1,200 consumers across 10 different countries participated in the survey, which found that “to improve the security posture of homes and connected devices, the following must occur: Security at the device level must improve and security must be delivered at the network level.”
Similar sentiments were mirrored in the recent 2018 Annual Industry Survey, published by Telecoms.com, which showed that 75% of the 1,500 executives from global telecom industries who participated in the survey said that privacy was the key concern of consumers living in a highly connected smart home, followed by identity theft, fraud and vandalism through hacking into connected devices.