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Living Secure in the Connected Home

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News provided by

Frost & Sullivan

16 Jun, 2015, 12:00 GMT

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- CABA and Frost & Sullivan to examine the critical need for adopting cybersecurity measures in an era of "connectedness"

MOUNTAIN VIEW, California, June 16, 2015 /PRNewswire/ -- Over the last decade, digitally advanced home environments have progressed into communication-rich living spaces. This progression has enabled a host of smart experiences for consumer – energy management, interactive home devices, connected appliances and real time security solutions among other experiences. However, this step forward has also allowed unprecedented access to a variety of service providers, thus, opening the home to potential vulnerabilities of cyberspace and increasing skepticism surrounding the advantages of "connectedness".

Photo - http://photos.prnewswire.com/prnh/20150616/223316LOGO

Despite reservations surrounding connectedness, there is no doubting the emerging and fast growing market of connected homes as it expands to include connected living, combining connected home, workspace and city. Ongoing discussions on industry issues among the members of the Continental Automated Buildings Association (CABA), through its Connected Home Council (CHC) emphasize the need for security against potential connected home threats.

CABA and Frost & Sullivan are partnering on a connected home research project, specifically looking at the issue of cybersecurity in the context of connected homes, and the risks and susceptibilities associated with it. The analysis promises to create an understanding of the magnitude of cyber threats and how they can be managed and eliminated in addition to the challenges of adopting and implementing cybersecurity measures.

For more information on the research click here: http://bit.ly/1C9bMJf

"Connected homes are prime examples of innovative applications of technology that usher in new convenience for consumers," stated CABA President & CEO, Ronald J. Zimmer. "Industry however has acknowledged that associated with such convenience is risk. CABA is therefore pleased to commission a research project that will provide industry with insightful intelligence concerning the nature and acuity of these 'cybersecurity' risks."

In lieu of the benefits that connected homes may bring, risks acquired via cyber threats have the potential to compromise the industry as a whole. The current and potential magnitude of threats for connected homes could expose important data not only for home owners, but technology vendors and service providers as well. These are potential damages that consumers should be aware of, and create credible perceptions of cybersecurity through.

"Although meant to enable connected experiences, allowing third parties open access to home networks exposes both the consumer as well as the service providers to the potential vulnerabilities of cyberspace. It is critical to understand that cyber threats require collective responsibility and accountability sharing from all stakeholders involved," noted Frost & Sullivan Principal Consultant for Energy & Environment Konkana Khaund. "Collaborative research projects like these, supported by industry participants, establishes the fact that cyber threats to the connected home are indeed being taken seriously by such participants."

Click here for more information on CABA's related intelligent buildings and connected home research.

About the Continental Automated Buildings Association (CABA)

CABA is an industry association dedicated to the advancement of intelligent homes and intelligent buildings technologies. CABA is an international association, with over 300 major private and public technology organizations committed to research and development within the intelligent buildings and connected home sector. Association members are involved in the design, manufacture, installation and retailing of products for home and building automation. CABA is a leader in initiating and developing cross-industry collaborative research, under the CABA Research Program.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Contact: 
Jaylon Brinkley 
Corporate Communications – North America 
P: 210.247.2481 
F: 210.348.1003 
E: jaylon.brinkley@frost.com

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