Seven in 10 security professionals believe less than a quarter of smart devices have adequate security. Consumers would trust IoT devices more if manufacturers introduced minimum security standards and mandatory product recalls, updates or injunctions. 83% believe public disclosure of vulnerabilities is not enough and some form of regulatory action would be more effective. Security is also the main concern for almost half of the developers of IoT solutions, with interoperability and connectivity coming second and third. The IoT security budget will rise 23.7 percent to $348 million in 2016 and reach $547 million by 2018.”]