The Internet of Things is projected to add up to $11.1 trillion annually to the global economy by 2025. But the stampede has contributed to a free-for-all stemming from the absence of centralized security standards around IoT. There are still no de facto standards governing the development of the more than 6 billion devices in use today. By the end of the decade, more than 25 percent of enterprise attacks are expected to involve compromised IoT devices, says AT&T Cybersecurity Insights report.”]
Source: https://www.csoonline.com/article/3197360/why-iot-needs-a-security-alliance.html