Cybersecurity and the IoT Today: The Importance of Being PSA Certified

This episode of the Futurum Tech Webcast – Interview Series is part of our newly launched Women in Tech Series. Shelly Kramer, founding partner and senior analyst at Futurum Research welcomes Jasmina Omic, with Riscure, a global security lab offering security services and tools.   Today’s conversation revolved around cybersecurity and the IoT, highlighting industry-wide security concerns related to the IoT and a discussion on the importance of being PSA Certified. PSA Certified offers a framework for security connected devices, from analysis, to security assessment, and certification. The framework provides standardized resources to help resolve the growing fragmentation of IoT requirements and ensure that security is no longer a barrier to product development.   Our conversation covered:   Digital Transformation and the impact of DX for the IoT industry, which is predicted to reach a global market size of $150 Billion by 2025.   The pervasiveness of the IoT and the growth that’s ahead.   The security weaknesses that are often an inherent part of the IoT.   Why security is fundamental and the current drivers of IoT security, including government-driven initiatives across the globe.   The impact of the growth in IoT on the industry is significant. There’s a LOT happening, and it can be confusing. Consumers, OEMs, the software ecosystem, SIPs, etc., all must be constantly aware of what they need to do to keep up with the governmental changes.   What PSA Certified offers and why an overarching certification and recognition scheme helps the whole ecosystem to develop secure solutions easier.   PSA Certification is important because it can increase confidence in your product, demonstrate compliance to standards, and demonstrate that industry best practices have been followed and applied in every step of the development process.   The mission of PSA Certified is to provide a framework for security devices which was architecture agnostic. The organization also co-found a certification scheme with seven security expert companies (Jasmina’s company, Riscure is one of those companies).   The goal of PSA Certified is to help align the industry as a whole, set a level of security, and enable a transparent conversation on security that results in everyone talking the same language about the same structures of security.   With over 40 products from over 25 companies now certified, there is much excitement about what’s ahead for PSA Certified and the good the organization can do in the IoT ecosystem.   Visit Futurum Research for more tech insights: https://futurumresearch.com   For more on PSA Certified, visit them here: https://www.psacertified.org/   For more on Jasmina Omic and Riscure, visit them here: https://www.riscure.com/   Disclaimer: This show is for information and entertainment purposes only. While we will discuss publicly traded companies on this show, the contents of this show should not be taken as investment advice.