20.5 percent people think that it will be good to use IoT is used to manage traffic on the roads.
But unless the security loopholes are not plugged in, medical data could be hacked into by enterprising hackers. Hacking can entail anything from getting your vital medical data to actually hacking medical devices to administer fatal doses. Extrapolate this and you have entire hospital networks at risk.
The global spending on the Internet of Things (IoT) security will reach $348 million in 2016 -- a 23.7 percent increase from last year ($281.5 million), a Gartner report said