In-brief: With CES going on in Las Vegas, The Security Ledger sat down with three experts from the firm Senrio to talk about the new generation of connected consumer electronics. How vulnerable are they to attack? What is the best way to address security and privacy concerns in them?
Today, security is little more than a cost center for companies developing new, connected products. Building in security features, like a hardware security model or more robust application security and identity management features, adds to the complexity of the development process and the time needed to complete a product. On the other side of the ledger, however, there is little to compel smart device makers from expending that time and effort.
“(The FTC) is changing the cost benefit ratio of having security in products,” said Ridley. “Up to now, there has been no reason to have any security, so the stuff you’ve seen was more altruistic in nature.” The FTC’s suit against D-Link will give vendors pause, he said. “They have to ask: do we spend x on security now if we can avoid paying x-squared in the cost of litigation and class action suits,” Ridley said.
Listen to the Podcast here.