Notwithstanding being a magic wand, technology has made privacy vulnerable, as it has begotten the threats of financial data theft, health records, intellectual property, and personally identifiable information (PII). IoT devices are an integral part of the technological revolution. From healthcare to agriculture, almost every important sector leverages IoT devices to ensure improved productivity and work process. But, the security aspect of these connected devices has long been a major concern for researchers.
Connected car has revolutionized the transport system which aims at ensuring better management of traffic and improved transport system. But, these connected cars often become the target of cyber criminals who attempt to control the vehicle from a remote place to destroy human life and the whole transport system. Statista has predicted that there will be 64 million connected cars in 2019. Addressing this demand of security for connected cars researchers have started to think out-of-the-box. For example, SafeRide has launched vXRay which tries to ensure safety creating a behavioral baseline of connected vehicles and leveraging cutting-edge technology it can quickly detect anomalies.
Lawmakers have started to involve in the game of securing IoT devices. Previously, California transformed IoT security legislation into law to protect the IoT users, and this law includes some important features like the prevention of unwanted modification, different password for the device, and creation of wall before unauthorized access.
IoT companies have started to leverage blockchain technology to secure the edge devices. Digital security firm Gemalto has stated, only 48 percent of companies can detect the proper information of data breach. The IoTeX platform which leverages blockchain technology and TEE design to provide security from the remote threats is an essential weapon to ensure safety.
Most importantly, cyber attacks have grown smarter with advancements in technology. The Mirai botnet attack in 2016 initiated the trend, and in 2019, it is expected that the hackers will target the networks to devastate network segmentation.
The healthcare sector is a big spender in the field of cutting-edge IoT devices as Statista shows almost 161 million healthcare IoT devices will be installed by 2020. Needless to say, the healthcare sector has to be more focused to build zero trust security for these devices because, by manipulating these devices, hackers can disrupt and annihilate the customer-centric service.