SANTA FE, N.M.–(BUSINESS WIRE)–The Shared Assessments Program, authorities in risk management, today released results of the Fourth Annual Ponemon Institute’s Third Party Internet of Things (IoT) Risk Management study. This year’s report underscores the acute need for IoT risk management improvement, as most organizations do not know what tracking and safeguards their third parties have in place. New insights in this year’s study crystallize a set of leading practices for reducing IoT-related risks, which represent an important feature of this report.

“While the proliferation and consumerization of embedded technology, including IoT devices, continues to evolve at a rampant pace, new security vulnerabilities and exposures are introduced. This is especially true when the use of IoT devices is extended to third parties, fourth parties, or even more concerning, when it’s unknown where the use of IoT devices are being extended, or those extensions are unmanaged,” observes Rocco Grillo, Managing Director, Global Cyber Risk Services, Alvarez & Marsal.

In “A New Roadmap for Third Party IoT Risk Management – the Critical Need to Elevate Awareness,…

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