The Week in Internet News: Good Time to Be in IoT Security
Good time to be in IoT security: Spending on Internet of Things security products and services will rise to $1.5 billion in 2018, up 28 percent from 2017, estimates Gartner. IoT security spending will skyrocket to $3 billion a year in 2021, according to a story in DarkReading.
Facebook breached? It was hard to avoid the recent news involving Cambridge Analytica, the data analytics firm used by Donald Trump’s presidential campaign. The company acquired data on about 50 million Facebook users – getting the data from a researcher – in an effort to build voting profiles for those people. Facebook has called the unauthorized use of its user data a “breach of trust,” while some critics have suggested it’s a plain old data breach, according to a story on Time.com. Meanwhile, Facebook founder Mark Zuckerberg told CNN he’s happy to comply with congressional requests to testify “if it’s the right thing to do.”
Blockchain takes over the world: Google is planning to roll out a Blockchain feature for its cloud-computing service, The Verge reports. The company could potentially license its Blockchain service for other firms to run on their servers. Meanwhile, Chinese telecom and networking vendor Huawei Continue reading




