Monaco's rapidly growing IoT ecosystem has reached approximately 45,000 devices in 2026, increasing exposure to cyber threats. The number of security breaches has risen to 120 incidents this year, reflecting the need for stronger cybersecurity measures. Despite high investment in security, about 18% of devices still contain vulnerabilities, emphasizing the importance of ongoing audits and updates.
Cybersecurity spending in Monaco has increased to around €10 million, indicating a proactive approach to threat mitigation. The high-value breaches, averaging $150,000 each, pose significant risks to the country's digital infrastructure. Enhanced policies and citizen awareness can further reduce vulnerabilities and improve overall IoT security resilience.