Life around us has been altered. We are now in a digital space where everything around us, including the watches we wear, is intelligent. The introduction of smart devices has enhanced everyday lives and company activities. In this digital revolution, the IoT plays a key role by linking and managing devices over the internet. To gain productivity and agility, many characteristics of the modern world depend on the IoT for processing and monitoring real-time data. According to IoT Analytics, more than 30 billion IoT connections are expected to exist by 2025, with an average of almost 4 IoT devices per person powered by new technology standards like 5G.
IoT has a wide variety of support, but there are some security issues regarding the technology. Considering the heterogeneity of connected devices, securing IoT devices can be difficult. The remote work scenario created by the pandemic has increased the possibility of IoT device cybersecurity breaches.
The Nokia Threat Intelligence Study 2020 finds that 37.72 percent of compromised devices are made up of IoT devices, and the share of IoT devices in the total breakdown has risen by 100 percent.
Over the internet, IoT devices are linked and thus vulnerable to attacks. IoT devices’ large networking and usability pose a challenge as they can compromise privacy and sensitive information. For ransomware and malware attacks such as DDoS, hackers also target vulnerable IoT systems. IoT systems’ web-based interfaces offer away data so they can be quickly accessed.
Non-secure In a smart home, IoT devices can help bad actors gain access to your homes and private information. As they can experience unauthorized access and data breaches, organizations should build awareness about IoT devices and their security. IoT systems have also been the target of advanced cyber threats, such as Zero-day attacks, which can have a dangerous effect on organizations. In an IoT environment, large interconnected networks build vulnerable endpoints, and hackers launch cyberattacks to jam websites and retrieve the required information. As AI can process massive data sets in less time, attackers have recently begun using advanced AI techniques to drain sensitive information and even execute cyber breaches.
The use of deep-fakes in attacking IoT systems is also widespread through brute-force attacks, biometrics spoofing, etc. As OT systems are less mature in terms of updates and security patchworks, the growing convergence of IT and OT departments has aggravated the vulnerabilities.
The nature and use of IoT devices that are the blood and bone of many organizational processes and real-life situations is threatened by these advanced IoT attacks. It should be considered necessary to resolve these security concerns to ensure a safer environment for data protection and digital transformation.
To guarantee better protection from hackers, IoT security should evolve to accommodate technologies such as blockchain. It might not be easy to beat the obstacles, but with the right safety steps, they are certainly achievable.
It is difficult to take a back seat to safe IoT devices, and manufacturers, organizations, and network providers should therefore work together to ensure better protection.