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Venafi CEO Jeff Hudson talks with Greg Otto about the need for enterprises to protect against stolen machine identities and attacks that are becoming more automated in nature.

A new bill introduced in the Senate by Democrat Mark Warner and Republican Cory Gardner would establish a new set of cybersecurity standards for companies that hope to sell so-called "Internet of Things," or IoT, devices — like internet connected sensors or wearables — to federal agencies.

Companies are doing everything from building their own secure devices to creating new encryption protocols.

Coding flaws evident in a popular open source software library known as gSOAP could allow a hacker to remotely control and infect internet-connected hardware like security cameras with malware, according to research published Tuesday by IoT-focused cybersecurity firm Senrio.

Op-Ed: Wannacry has shown us that we have a very short time to develop strategies and policies to address the potentially catastrophic damage we can expect from attacks on vulnerable IoT devices.