TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Summits
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Internet of Things

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Inmarsat Media Centre

Internet of Things

Energy companies struggle to counter IoT security risks

Via Inmarsat Media Centre

Nov 28, 2017

28 November 2017: The majority of energy companies are turning to the Internet of Things (IoT) to help them meet growing demands for power and operate with greater efficiency, however too many lack the security procedures to successfully deploy IoT solutions.

This is according to the latest Inmarsat research which found that more than half of global energy businesses do not have the skills and understanding required to combat the security risks associated with IoT.

In May 2017, market research specialist Vanson Bourne interviewed senior IT decision makers from 100 large energy companies across the globe for Inmarsat’s ‘The Future of IoT in Enterprise – 2017’ report.

Digital skills

The research found that 53 per cent of energy businesses identified a need to make heavy investments to meet both physical and digital IoT security requirements, and more than half (54 per cent) reported that they needed additional digital skills in security to deliver successful IoT projects.

In addition, just 30 per cent reported that they have given special consideration to network security as part of the development of their IoT solutions, while only 38 per cent have taken additional steps to protect against cyber-attacks.

These IoT security challenges may stem from a lack of understanding of IoT at board level within these organisations, potentially making it more difficult for project teams to secure the investment they need to effectively counter IoT security threats. In fact, according to the research, almost six in ten (59 per cent) energy respondents stated that their board had either a partial or no understanding of IoT at all.

Fundamental change

Chuck Moseley, Senior Director for Energy at Inmarsat Enterprise, said:

“IoT represents a fundamental change in the way that energy grid networks and organisations will operate. The core operations of energy companies have traditionally been insulated from the destructive cyber-attacks that have destabilised other industries, as they were not connected to the internet. But, with the advent of IoT, more and more parts of their infrastructure are being connected, creating new vulnerabilities and risks.

“Worryingly, our research shows that many energy businesses lack the security processes and skills to address these new vulnerabilities. This needs to be quickly addressed, and it must be driven by senior leadership within energy businesses, to ensure that they do not miss out on the huge potential value that IoT can bring to the energy sector.”

Moseley concluded: “For energy companies to thrive in this climate, IoT security needs to be at the top of the agenda and it is essential that boards raise their understanding of the risks they face. This involves ensuring that the fundamental network infrastructure underpinning device connectivity aligns with the highest security and reliability standards, and that the end points are configured correctly.”

Reliable method

Satellite communications networks can offer a more secure and reliable method of enabling energy companies to safely transport data from their connected things to and from anywhere on the planet. With up to 99.9% uptime, Inmarsat’s L-band services are enabling IoT solutions in the energy sector globally, even in the most remote and hostile environments.

To view the research microsite and download the full report, ‘The Future of IoT in Enterprise – 2017’ visit: research.inmarsat.com

Related Topics
  • Announcement,
  • Energy & Utilities,
  • Enterprise,
  • Europe,
  • Inmarsat,
  • Internet of Things,
  • News,
  • Security,
  • Tracker

More Like This

Digital Platforms & Services

What Covid did: accelerated digital healthcare

Apr 6, 2021

Access Evolution

Nokia expands Mobily partnership with enterprise IoT network in Saudi Arabia

Mar 30, 2021

Access Evolution

TIM builds bundles for business, backs tech startup fund

Mar 30, 2021

Access Evolution

Telenor gathers strength in IoT for the 5G era

Mar 25, 2021

Access Evolution

Telefónica Tech partners with Fibocom and aitos.io to bring IoT solutions integrated with Blockchain

Mar 24, 2021

This content extract was originally sourced from an external website (Inmarsat Media Centre) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

22:09

How BSS is evolving to support 5G

40:04

How can DSPs accelerate speed to market for new services?

24:04

Supporting the evolution of service provision at BT

41:32

Edge as a driver of new service revenues

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Summits
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices