According to a report by GBI research, as Information Communication Technology and Smart Cities develop, the need for cyber security becomes an essential requirement. Smart security represents a core product within the smart cities market, due to the growing complexity of data management, which now presides over much of our day to day life, and the resulting threat of viruses and malware.
As the world becomes data-centric, with IT communication affecting every aspect of life in developed countries, society’s dependence on ICT infrastructures increases and potential and existing threats increase along with it as a virus or malware could cripple the ICT infrastructures and disrupt even the basic everyday functions of a city. State governments fear that loopholes in smart city technologies may hamper the entire smart cities communication network by triggering unwanted events, such as the introduction of malware and viruses.
Smart security includes urban security components, which protect citizens in public places, and infrastructure security components, which protect the networks and systems vital for a city’ s economy, such as electricity grids, rail transport, hospital communications and water systems. Urban security acts to prevent crime and violence through intelligent security solutions such as surveillance sensors, access controls and security networks, but infrastructure security components are of vital importance to the working of all smart city infrastructures, causing chaos if they fail.
Therefore, according to the report by GBI Research:
The protection of information and activities in cyberspace is of significant importance. Various internal threats such as data loss or theft and external threats such as malware or hackers can be a cyber-risk. Cyber security is the integration of processes and practices and technologies developed to shield computers, networks, programs and data from such threats, and is extremely important for business and modern society.
This is confirmed by the fact that, according to predictions, the smart security market will account for a 29,2% share of the smart city market, reaching an estimated value of $298.3 billion by the year 2017.
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