Three Cyber-Security Challenges of the Internet of Things (IoT)

Three Cyber-Security Challenges of the Internet of Things (IoT)

The Internet of Things (IoT) is in every facet of our everyday existence, and they’re not going away anytime soon. It has become a revolutionary concept but also a security minefield. It is estimated that by 2020 there will be more than 50 billion web-connected devices all of which represent a portal to the network which can be hacked or compromised giving access to our most intimate moments and information. Many connected devices in any one system grants access to many points of entry for nefarious purposes. IoT comes with many benefits offering one integrated information system aimed at improving the quality of life and driving new business models. However, along with those benefits are also security challenges that IoT faces.

Here are three cybersecurity challenges of IoT.

Updates & Patches

Devices need to be updated regularly to remain up to date with cyber-threats. When the device is left unpatched the risk of a cyber-attack increase. Only 49% of companies offer remote updates for their smart “things.” Many of the people who develop low-end devices do not have the funds to give continuous device support. Leaving the consumer vulnerable to an unsupported device that is only as secure as the day purchased, containing security defects, and left fending for themselves against cyber threats. At the same time, the IoT vendors may not be technically savvy enough to develop such security updates.

Lack of Experience

Devices are more than often created by consumer goods manufacturers not PC hardware or software businesses. Many lack the experience of knowing how to properly secure devices and keep them safe from prying hackers. The main hindrance to designing secure IoT products is the fact that there is a shortage of experienced security experts who specialize in IoT.

Device Awareness

Being aware of all the IoT devices on the network especially a corporate network is the first step in applying the necessary cyber security measures. Many of these devices remain unmonitored within enterprise environments not seen as a threat to the network but the reality is that this opens a gateway for cyber-attacks. This leaves a hole in the network that needs to be secured becoming a vulnerability that can easily be exploited because these devices are the weakest link and are not secured.