The Internet of Things (IoT) is connecting more devices every day, and we’re heading for a world that will have 24 Billion IoT devices by 2020. This growth carries several benefits, as it will change the way people carry out everyday tasks and potentially transform the world.
New developments would allow connected cars to link up with smart city infrastructure, to create an entirely different ecosystem for the driver, who is simply used to the traditional way of getting from A to B. Developments such as connected healthcare devices give people a deeper and fuller look at their own health, or lack thereof, than ever before.
But with all of these benefits comes risk, as the increase in connected devices gives hackers and cyber criminals more entry points. Aside from these security issues, the average consumer is concerned about his or her privacy. After all, if so much of the consumer’s life is connected, then what is off limits?
IoT Security Issues
Vulnerability to Hacking: Researchers have been able to hack into real, on-the-market devices such as televisions.
Are Companies Ready?: Many companies are in the process of deploying IoT devices yet many of those are not adequately armed to secure those devices against hackers.
True Security: Securing IoT devices means more than simply securing the actual devices themselves. Companies also need to build security into software applications and network connections that link to those devices.
IoT Privacy Issues
Too Much Data: The sheer amount of data that IoT devices can generate is staggering. 10,000 households or small companies can generate 150 million discrete data points every day. This creates more entry points for hackers and leaves sensitive information vulnerable.
Unwanted Public Profile: For example, an insurance company might gather information from you about your driving habits through a connected car when calculating your insurance rate. The same could occur for health or life insurance thanks to fitness trackers.
Eavesdropping: Manufacturers or hackers could actually use a connected device to virtually invade a company’s office.
These are just a handful of the issues the IoT must solve to reach mass adoption. The Internet of Things is going to have a dramatic effect on the way we live and do business, leading to a vast new industry worth billions.
This will result in an extremely connected world that will make life and business support a dramatically faster and more convenient process for everyone.
However, the IoT will also pose great challenges for companies adopting them as well as users. It will be essential for companies to address these issues before they adopt IoT technologies.
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