Sternum debuts IoT attack simulation platform

Sternum launched IoT attack simulation platform IoT cybersecurity specialist Sternum has released the first real-world attack simulation and evaluation platform. Last year, a Fortune Business Insights report found that 67 percent of companies experienced an IoT security incident. In addition, 84 percent of security professionals believe that IoT devices are more vulnerable than computers—a statistic considering that 69 percent of companies have more IoT devices than computers on their networks. In building its platform, Sternum identified the 20 most critical attacks over the past few years. The platform helps manufacturers of IoT devices evaluate their protection against current threats and understand the potential consequences that could cause them to fail to provide adequate security. From a business perspective, the platform also helps companies make the best decisions to protect their networks and employees by simulating these attacks and showing firmware vulnerabilities, exploits and protection options. Sternum last year raised $27 million in a Series B funding round led by Spark Capital, with participation from Square Peg Capital, the Hinrichs Foundation, Both and others. This round brings the company’s total raised to $37 million. According to Grand View Research, the global IoT security market is expected to reach $9.88 billion by 2025. Although it is a big pie, Sternum faces stiff competition from the likes of Vdoo, Alenius, Firewomen, Thistle and Aramis Security.