Global IoT security spending to reach $1.5bn in 2018: Report
The worldwide spending on Internet of Things (IoT) security will reach $1.5 billion in 2018, according to a report by research firm Gartner. This represents a 28% increase from the $1.2 billion spent on IoT security last year, the report said. Nearly 20% of organisations observed at least one IoT-based attack in the past three years, the report further added.