Cyber Risks : Cyber Risk Essay

Cyber Risks : Cyber Risk Essay

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CYBER RISK FOR IoT

IoT is connecting millions of devices with each other on the network. The connection is no doubt providing the real-time data and keeping the world on the move, but the constant connectivity at all times is increasing the risk of cyber threats as well. The vulnerability of the IoT devices to the threats cannot be undermined. From the kitchen to the automotive to healthcare data to any other personal data – everything is stored and is vulnerable. Not just personal IoT device data, but the industrial data is also at risk for cyber threats.
According to IOActive IoT Security Survey conducted in March 2016, about 47% of all the respondents felt that less than 10% of all IoT products on the market are designed with adequate security. About 85% believe that less than half of the IoT products are secure. Major survey population believes that a lot more is required to improve the security of IoT devices. The survey showed that 72% of respondents believe security is not adequately designed into products is the single biggest challenge facing IoT security. A majority of other professionals surveyed also felt that uneducated users and user error (63%) and data privacy (59%) were also challenges to IoT.

The IoT technology involves communication between sensor devices. The devices collect information and transmits it over the network. More and more sensitive data is being shared by devices, which can lead to a situation where data is compromised. For example, if one alarm system is connected to all the devices internally for the convenience of the person, then a hacker can gain access to other devices by gaining access to just one device, thereby compromising the security of all. Thus, a smart home can be hacked easily an...


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These are some of the ways to prevent cyber attacks. Though, with the technology advances, cyber criminals are also advancing and devising new ways to hack into the systems, it is always a good practice to be prepared for such attacks and take precautions into measure.


FORECAST

Internet of Things is changing the way of living, developing and thinking. It is not just changing industrial aspects, but its also changing the personal space. It is creating new opportunities in all the sectors and domains. With the integration of IoT, cloud infrastructure, mobile devices etc, security must be taken into account as the utmost priority. The devices must be self-sufficient and secure. The cost in security should be taken as investment since it’s minimizing the exposure to cyber attacks. Thus, security of the new technology holds the key to the emergence of technology.

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Cyber Risks : Cyber Risk Essay

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