HOD HASHARON, Israel,
Oct. 10, 2018 /PRNewswire/
-- Allot Communications Ltd. (NASDAQ: ALLT) (TASE: ALLT), a
leading global provider of innovative network intelligence and
security solutions for service providers and enterprises worldwide,
released findings from its latest Telco Security Trends Report that
examines the confidence of Internet of Things (IoT) device security
by consumers living in connected homes. The report reveals that
consumers have low confidence in the security of their IoT devices
and are willing to pay extra for security to safeguard the
connected home. The report also highlights a strong opportunity for
ISPs to deliver on-target cybersecurity services to their
subscribers at the network/router level.
Based on anonymous data gathered from 1,261 consumers in 10
countries, the Telco Security Trends Report examines which IoT
devices are being used and how often; what level of awareness
consumers have of security threats to these devices; and the level
of confidence consumers have in their device security. The report
also uncovers if consumers are willing to pay for IoT device
security services, and how much they're willing to spend.
Telco Security Trends Report findings include:
- There is an average of 8.4 connected devices per home, with
smartphones and tablets making up the majority of that number,
expanding the attack surface for hackers
- Half (50%) of the respondents are aware of threats to their IoT
devices and only 20% of respondents are unequivocally satisfied
with the built-in security of connected devices
- The top three consumer concerns around IoT device security
issues are loss of privacy (28%), over-reliance on technology
(26%), and cyberattack (22%)
- Seventy-four percent (74%) of consumers report awareness of and
concern about connected devices
- Seventy-two percent (72%) of households are willing to pay a
monthly fee, averaging $5.26, for
security services
"The Allot research points to a marked improvement in consumer
awareness of security risks with IoT," says Patrick Donegan, Principal Analyst with
cyber-security analyst firm, HardenStance. "The question now is who
can build the most viable business models for addressing this
opportunity?"
Continued IoT market growth is forecast for the remainder of
2018, with Gartner analysts estimating the market value to reach
one trillion US dollars. The Telco
Security Trends Report reveals that ISPs are positioned to benefit
from this growth by leveraging their direct relationship with
subscribers to deliver their own branded security services from
within their own networks.
"This report provides a closer look at the true concerns of
consumers using IoT devices and reveals some stunning facts. For
example, when asked from whom consumers would buy security
services, 73% of respondents expressed a preference. Of these, only
22% preferred their ISP, the second brand of choice when compared
with three leading security brands and a fourth "other" brand,"
said Ronen Priel, vice president product and strategy at
Allot. "ISPs have the unique opportunity to educate their
subscribers directly about the benefits of network-delivered
security and the limitation of end-point devices on which AV
software cannot be uploaded, giving residential IoT products and
services an additional boost and positioning service providers to
become the consumer's security supplier of choice."
Additional resources:
- Download the Allot Telco Security Trends Report:
http://info.allot.com/rs/639-LNU-402/images/Telco_Security_Trends_Q3_Press.pdf
- View the Webinar "Connect Home Cyber-Security: The Consumer's
Perspective" https://youtu.be/9KM9vh8H0UM
- Stay up to date with the latest trends in enterprise and ISP
security by checking out our blog: http://blog.allot.com/
- Read about IoTSecure or download a the IoTSecure datasheet
- Follow us on Twitter: @allotcomms
- Follow us on
LinkedIn: https://www.linkedin.com/company/allot-communications/
About Allot
Allot Communications Ltd. (NASDAQ: ALLT) (TASE: ALLT), is a
provider of leading innovative network intelligence and security
solutions for service providers worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot's multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 20 million
subscribers in Europe. Allot. See.
Control. Secure. For more information,
visit www.allot.com.
Forward Looking Statement
This release may contain forward-looking statements, which
express the current beliefs and expectations of Company management.
Such statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to
such differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
lower demand for key value-added services; our ability to keep pace
with advances in technology and to add new features and value-added
services; managing lengthy sales cycles; operational risks
associated with large projects; our dependence on third party
channel partners for a material portion of our revenues; and other
factors discussed under the heading "Risk Factors" in the Company's
annual report on Form 20-F filed with the Securities and Exchange
Commission. Forward-looking statements in this release are made
pursuant to the safe harbor provisions contained in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made only as of the date hereof, and the company
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contacts
Allot
Jodi Joseph Asiag | Director, Corporate Communications
jasiag@allot.com
Red Lorry Yellow Lorry for Allot
US – Justin Ordman
+1-857-217-2886
allot@rlyl.com
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SOURCE Allot Communications Ltd.