Common IoT Security Challenges

Common IoT Security Challenges Understanding the Threats Associated with Connected Devices

Introducing IoT • IoT or Internet of Things includes the interconnection of large number of devices connected to the Internet and are collecting & exchanging data • IoT Cloud solutions allows connection of different objects & integration of sensors to deliver digital intelligence through the means of a Cloud platform • Digital Intelligence allows interaction between objects without any human involvement • IoT is getting crucial as it makes the modern world smarter by the amalgamation of digital & physical ecosystems

Why IoT Is Gaining Importance • After Cloud Computing, IoT has been a significant Emerging Technology for this century • Every day, various IP-connected devices are being developed & getting connected to the Internet • Increased number of connected devices does offer numerous benefits to enterprises, but also can attract several risks

Growth of Connected Devices

Learnings for CIOs on IoT Security • A CIO or CISO of an enterprise must understand what IoT Security means • IoT Security includes the security of physical devices as well as networks • IoT device security protects systems, networks and data from multiple online attacks • The attacks are focused on the following vulnerability types1.

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Communication attacks taking place on data transmitted between IoT devices Lifecycle attacks taking place on IoT while getting from user to maintenance Attacks occurring on device software Physical attacks targeting the device

Why IoT Security • IoT devices in an ecosystem are vulnerable to various forms of cyberattacks • IoT Security plan allows users to protect their devices against vulnerabilities when deploying security levels • Techniques like cryptography play an important role against communication attacks • Security services from trusted providers like ESDS protect IoT devices & platforms against lifecycle attacks • Cyber attackers continuously look for malicious techniques to exploit critical information across various points in an IoT ecosystem, right from servers to Cloud platforms

IoT Security Spending

In the past 3 years, spending on IoT Security has doubled, rising from $1.5 billion in 2018 to $3.1 billion in 2021 Source

Common IoT Security Challenges Some common IoT Security challenges includes the following1. Lack of Testing & Updating 2. Brute-Forcing & Default Passwords 3. IoT Malware & Ransomware 4. Data Security & Privacy Concerns

Common IoT Security Challenges Some common IoT Security challenges includes the following1. Lack of Testing & Updating 2. Brute-Forcing & Default Passwords 3. IoT Malware & Ransomware 4. Data Security & Privacy Concerns

Common IoT Security Challenges Some common IoT Security challenges includes the following1. Lack of Testing & Updating 2. Brute-Forcing & Default Passwords 3. IoT Malware & Ransomware 4. Data Security & Privacy Concerns

Common IoT Security Challenges Some common IoT Security challenges includes the following1. Lack of Testing & Updating 2. Brute-Forcing & Default Passwords 3. IoT Malware & Ransomware 4. Data Security & Privacy Concerns

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