The FBI recently issued a Public Service Announcement saying as more businesses and homeowners use web-connected devices, their connection to the Internet also increases the target space for malicious cyber actors. The FBI says deficient security capabilities and difficulties for patching vulnerabilities in these devices, as well as a lack of consumer security awareness, provide cyber actors with opportunities to exploit these devices. The Internet of Things (IoT) Security Market is expected to grow from $6.89 billion in 2015 to $28.90 billion by 2020, according to a new market research report.”]
Source: https://www.csoonline.com/article/2984193/new-cybercrime-wave-drives-iot-security-spending.html