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Network Infrastructure Magazine | Wednesday, June 16, 2021
The majority of data IoT devices share in the network is a target for hackers to steal. Therefore, implementing security measures for IoT devices is critical to avoiding this data falling into a hacker's hands.
FREMONT, CA: While COVID-19 adversely affected many businesses, it proved a boon for Internet of Things (IoT) devices. Microsoft's 2020 IoT Signals Report reveals that COVID-19 accelerated IoT growth. The low cost of cloud storage and computing data, falling sensor and chipset prices, internet connectivity and 5G, and increased smartphone and app platforms adoption ensure people adopt embedded technology faster than ever. IoT-based devices are developing rapidly, and companies are seeking ways to benefit from IoT's advantages. Like any technology, however, IoT also brings a range of drawbacks too. IoT security is securing and safeguarding the Internet of Things to prevent hackers from accessing sensitive information or ultimately compromising the network. Some of the reasons IoT security matters are:
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To protect user data.
IoT devices generate a large amount of data that must be protected and kept out of the hands of cybercriminals.
To enhance device security.
Cybercriminals may manipulate IoT devices to inflict physical harm on consumers. This becomes even more dangerous as cybercriminals experiment with smart power grids and industrial machines to inflict bodily harm on businesses. Robust IoT security measures will prevent this from occurring.
To protect one's privacy.
The primary concern is privacy. IoT devices contain various sensitive user data that cybercriminals can exploit to cause harm to the consumer.
To strengthen network security.
A compromised IoT device connected to a company's network could use the vulnerability to compromise other networked systems. This type of exploitation is hazardous for a business. This could result in the disclosure of sensitive company information and disruption of business operations.
To foster trust.
IoT security fosters consumer confidence in new technology. The increased trust results in the consumer readily adopting the technology. This benefits businesses by increasing their ability to sell their products and profits.
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