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The Smart Home is Getting Smarter and Safer, Thanks to McAfee
The smart home market is getting bigger all the time, and with every consumer that makes their home a bit smarter, that pace accelerates. In fact, recent market size projections from Statista predict smart home revenue to grow from about $12 Billion in 2016 to $53.45 Billion by 2022. Statista also expects more than 43 percent of homes to have some kind of connected device by 2022 However, along with all of this growth comes risk for the consumer. The June 2017 McAfee Labs Threats Report showed that 244 new malware are identified every minute, including mobile malware and ransomware. Meanwhile, botnet and DDoS attacks are becoming ever more common and serious, with WannaCry, Reaper, Mirai and the Github DDoS attack making major headlines. In fact, according to a 2018 White House report, malicious cyber activity cost the US economy as much as $109 billion in 2016. To address that risk, cyber security providers like McAfee are offering solutions right now. The McAfee® Secure Home Platform was recently named an IoT Security Excellence award winner by IoT Evolution for its exemplary and forward-looking strategies to protect consumers from all kinds of potential breaches and bad actors, both in the current security space, and addressing future risks. The company’s real-time threat intelligence system is constantly updated to provide the latest protection to all connected devices.
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