OnDemand: Avoiding a Potential Security Breach: Best Practices in Retail IoT Security

The average retailer spends 13% of their IT budget on security, but anywhere from 15-40% of that budget is taken up with just being PCI compliant…and let’s face it, that’s not real security. COVID has brought exponential increases to the number of IoT devices in stores, greatly expanding the attack surface opportunity for hackers.  During the COVID initial surge, 1 in 3 retailers admitted that they deployed mobile devices on their networks that were not as secure as they would normally. And 41% abandoned their traditional rugged RFP requirements, taking shortcuts when selecting new IoT devices for their stores.

Recently IHL President Greg Buzek, Qualcomm Technology Inc.’s Global Head of Retail IoT Arthur Miller, and SES-imagotag’s CEO of North America Philippe Bottine had a frank discussion on the exponential growth of IoT, key trends driving the installations and future opportunities, and the best practices for securing these systems within budget.

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