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IoT security: What we can learn from recent threats

iot-now.com, Jan. 07, 2020 – 

The Internet of Things (IoT) promises more flexibility and functionality for enterprises than ever before. More connected devices hold the promise of helping enterprises streamline supply chain operations, increase efficiencies and reduce costs within existing processes, enhance product and service quality, and even create new products and services for customers.

With a myriad of benefits available to the enterprise, says Avinash Prasad, head of Managed Security Services at Tata Communications, IoT is set to enhance or even overhaul business models for the better.

While the mass generation, collection and analytics of IoT data will certainly provide the enterprise with immense opportunity, potentially easy access through unsecure networks and other vulnerable entry points – including IoT devices – are enticing cybercriminals.

According to Gartner, nearly 20% of organisations have observed at least one IoT-based attack in the past three years. With a staggering 75 billion connected devices expected worldwide by 2025, exposure to cybersecurity vulnerabilities and data breaches will have increased five-fold from today.

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