2 NOV 2018 · Cybersecurity affects all verticals and sizes of organizations. One space that is overlooked is the security of IoT, though as Chris Rouland, co-founder and CEO of Phosphorus Security Inc. will tell you, IoT devices are really just computers in a different-looking package, and so too require a necessary level of security. "Twenty-five years ago we were largely concerned with theoretical vulnerabilities. Someone could get in; someone might embarrass you by changing your website," Rouland said. "Today, cybersecurity isn't an existential threat. A company could go out of business." With the addition of connected lighting, smart building management capabilities, IP cameras and mobile phones, the security of these devices is imperative. Rouland talks about the trends he is seeing in this space, including data hostaging, as well as who is at risk and the mindset a company needs to tackle this important issue. "The only businesses that haven't been compromised are the ones that don't know it. Everyone has been compromised," Rouland said.