Get All Access for $5/mo

Making IoT The Secured Gateway To Success Data predict that there will be around four devices per person in 2020 and by 2025, the per capita device would increase to nine.

By Vikram Kumar

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock.com

The world population will reach 7.76 billion by 2020 according to IHS Markit's latest study and there will be more than 30.7 billion IoT devices in the same year. These data predict that there will be around four devices per person in 2020 and by 2025, the per capita device would increase to nine. From a distant view, it seems clear that digital transformation is going to make life simpler, easier, and smarter. But, when one takes the microscopic perspective, it is fairly concluded that security threats are directly proportional to the population of IoT devices.

Security Is Always At A Big Risk In The IoT Ecosystem

Today, the world is populated with millions of software, and a good number of them are either infected with viruses or are hardly strong to protect the IoT devices. Similarly, a great percentage of hardware is making the individuals and institutions a soft target for the hackers. These wide ranges of internet-connected devices create access points that have not only brought the people around the world closer but have also made it easier for the hackers who not only sneak into people's computers or mobile phone but every big or small device, if it is connected to the internet. Thus, security is always at a big risk in the IoT ecosystem.

Problems Are Contagious

Problems are contagious that spread within unprotected Device2Device (D2D) contacts in the cloud-based IoT sphere. That's why the White House didn't show any hesitancy when it issued an Executive Order in April 2015. At that occasion, Former President Barak Obama declared a national emergency to deal with IoT security threat. Following Barak Obama's bold step to curb the threats, Malcolm Turnbull, Prime Minister of Australia, also announced cyber security as "the new frontier of warfare and espionage". Security is not only a challenge to Australia or America but to the entire world which is adversely affected by the diabolical attempts of virtual criminals. In 2016 alone, more than 3 million debit cards were breached, and Twitter accounts of many public figures were hacked with much ease.

Start With Basic Security Practices

Technology triggers the social and economic growth of the countries though problems persist in developing better solutions. It is the common belief of a majority of security experts that 90 per cent of the hacking incidences/attempts can be dodged very easily with basic security practices such as stronger passwords of e-mail accounts and net-banking, Multi-Factor Authentication (MFA) with protocol level decoding, regular up-gradation of software and router firmware, Advanced Persistent Threat Protection (APTP), and IPS/ Firewall.

Technology Treats Technology

In addition, using tried and tested security solutions, and taking adequate precautions while sharing important information of social media channels is another smart way to protect confidential data and information from the trespassers. But, keeping oneself updated about the latest security trends in the IoT world should be the habit of every IT security personnel in business enterprises and government institutions. Fortunately, revolutions in Artificial Intelligence and Big Data Analytics have blessed the IT Security industry with some incredible security tools in the last few years. Hence, the future of IoT is more secure than ever.

Vikram Kumar

Founder and CEO, Letstrack

Science & Technology

AI Marketing vs. Human Expertise: Who Wins the Battle and Who Wins the War?

Uncover the truth about AI in marketing and why it's a ticking time bomb for unprepared businesses! As AI revolutionizes the marketing landscape, understanding its long-term impact is crucial.

Lifestyle

4 Ways To Use ChatGPT To Increase Your Productivity

While AI and ChatGPT are still developing technologies, there is still much to learn and explore. However, companies are already starting to see significant benefits from judicious use of these tools across departments and functions.

Science & Technology

Cyber Attacks Are Inevitable — So Stop Preparing For If One Happens and Start Preparing For When One Will

Cyber resilience is not just about building walls of protection but also having the resilience to bounce back stronger. This article explains why embracing resilience should be a top priority for businesses to ensure continuity in the ever-expanding cybersecurity landscape.

Growing a Business

He Left the Corporate World to Pursue His Passion for the Outdoors. 25 Years Later, His Business Is Thriving Thanks to These 4 Principles.

Cliff Bressler shares how he started Nature's Friends Landscaping — and continues to thrive today — on a recent episode of 'Behind the Review.'