Why is Security Solutions for IoT important to reduce threats? Internet of Things (IoT) is often defined as a network of physical objects that can interact with other Internet-enabled systems and devices to share information and perform actions. This means Internet of Things encompasses everything from cars to cooking devices, from MRI scanners to personal fitness trackers. For businesses across a range of industries, Internet of Things provides opportunities for cost reductions and increased revenues. It is estimated that IoT will consist of about 30 billion devices with the global market value reaching $7.1 trillion. So where do security solutions for IoT fit in? There is no question that the impact of IoT is transforming industries, businesses and ultimately, our lives. But as the physical objects around us become connected, they also become susceptible to a variety of cyber security threats. With IoT solutions maturing and taking on a key responsibility in the new revenue streams, workflows and value propositions of progressive businesses, IoT security becomes a central issue – and a complex one at that.