i3 - September/October 2016 - 52

Business
STATS A N D FACTS

Cybersecurity and
the Connected Home
Smart home technologies have great advantages but can also present
consumers with great risks. CTA and CABA's (Continental Automated
Building Association) recent Cybersecurity and the Connected Home study
(May 2016) examined the adoption of smart home technology and security
issues, as well as consumer concerns with connected home technology.

Connected Home:
Cybersecurity Response Plan

Benefits and Concerns of
Adopters of Connected Homes

Recognizing risk
exposure and
addressing areas of
accountability
Risk Ownership and
Accountability

Training in
cybersecurity
procedures:
certification for
partners; audits;
documentations

Enterprise
Initiatives, Training.
Documentations
of Processes

Scrutinizing
third parties;
managing joint
accountability
process

Independent
Evaluation of
Partner Processes

Industry
Collaboration
and Contingency
Planning

Cyber threat
intelligence
sharing and
gathering with
industry partners;
instituting standards
and compliance

Adopters: Benefits of Connected Homes

Reduction of energy consumption

79%

Increased security of home

81

Cost savings / greater efficiency

78

Improved safety for household members

77

Better protection from emergencies

74

Ability to monitor activities at home while away

77

Affordable and scalable system that you can expand and upgrade

73

Use of greener technologies

71

Improvement in the quality of life

73

Source: CTA, CABA, Cybersecurity and the Connected Home
Source: CTA, CABA, Cybersecurity and the Connected Home

Adopters: Concerns of Connected Homes

What do Consumers see as the most
vulnerable Connected Home System
Energy Consumption
Management, 8
Home Lighting
Management, 6

None (all home systems
are secure) 26%

Heating and Cooling
Management, 8
Integrated Home
Management 4
Water Consumption
Management, 3
Retail / Inventory Management, 3
Appliance Management, 4

Secure and Monitor
your Home, 13

Health
Monitoring, 5

Media Entertainment
Management, 18

Source: CTA, CABA, Cybersecurity and the Connected Home

52

SEPTEMBER/OCTOBER 2016

High initial setup costs

66%

The costs (time, money, effort, risks) outweigh the benefits

58

Potential access to personal information from the home network

65

Security breaches on the smart home network

63

High management / maintenance costs

61

Risk of loss of privacy and personal integrity

65

Security breaches of smart home cloud services

63

Effect of electrical or power systems failure on the system

62

Effect of system failure on the ability to manage the home

59

Insecure smart home apps

61

More likely to fail than manual systems (due to greater complexity)

56

Source: CTA, CABA, Cybersecurity and the Connected Home

I T I S I N N O VAT I O N


https://www.cta.tech/Research-Standards.aspx

i3 - September/October 2016

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