For the summit, the company demonstrated how easy it is to hack into an infusion pump, a medical device that can deliver morphine or other medications to an ailing patient.
On stage, BlackBerry researcher Graham Murphy walked through the process of gaining entry to the pump, which had an Ethernet port and an onboard computer. Using the device's default password, easily discoverable on the Internet, he was able to break into the machine and upload a program that could override the existing software.
The market for machine-to-machine technologies and services will top $4.3 trillion by 2024, the company estimated.
"As connectivity increases, the needs for security and privacy exponentially increase," Beard said. "As we get into the Internet of things, the real value will come from the data connectivity and the application connectivity."
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