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editor ’ s question per the Federal Trade Commission global analysis , 10,000 IoT devices can generate 150 million discrete data points every day . This creates more entry points for hackers and leaves sensitive information vulnerable .
VISHAL BHAWNANI ,
The proliferation of IoT has enabled the
PRACTICE HEAD – collection of big data . Smart sensors are gathering information for use in machine
CYBER SECURITY learning algorithms to add value to
ASSURANCE AT businesses and promote informed
PROVISE decision making .
SECURE LAB
Even if precautions are taken to secure data , the level of sophistication ntroducing IoT exhibited by cyberattackers is
I technologies remarkable . Attacks can be crafted within not just from public networks but organisations from private sources such as cars , is a benefit to smartphones and even smart homes . the information technology Complex IoT architecture domain . This growth carries several magnifies cyber-risks advantages as it will change the way technologists carry out everyday tasks By connecting a greater diversity of IoT and potentially transform the technology devices to networks , this brings with and cybersecurity landscape . it the associated risks . To put this into perspective , there are more than three But these advantages are weighted with billion smartphones currently in use some cybersecurity risks , as the increase globally and eight billion IoT devices . in IoT technologies motivates hackers The scale is substantial and it is only and cybercriminals to aim for entry points growing . As per Gartner , over 20 billion so that they can craft an attack for their IoT devices [ are likely ] to be connected lucrative gains . Potential cybersecurity through networks by 2020 which can be risks to get introduced within any hacked or compromised . organisation due to IoT technologies can be classified as follows :
Eavesdropping
Data theft and data privacy
The sheer amount of data that IoT devices can generate is staggering . As
Hackers could use a connected device to virtually invade a person ’ s home or any smart devices . Researchers accomplished this by intercepting unencrypted data from a smart meter device to determine what television show someone was watching at that moment . Unauthorised physical access to smart devices ; deliberate manipulation of an IoT operation . Other cybersecurity risks are :
• Theft of personally identifiable information from manufacturer or third-party storage systems
• Extortion enabled by ransomware that renders inoperable of IoT smart device until a ransom is paid . The risk of ransomware has so far affected ordinary individuals , hospitals and other institutions
• Hijacking IoT systems to enable malicious cyberactivity : if the systems are / would be used as command and control infrastructure for illicit cyberactivity
To conclude , the above-mentioned cybersecurity risks within organisations are due to introducing IoT technologies . However , these IoT technologies support modern organisations in balancing the cybersecurity risks by :
• Secret Handshake which will balance data theft and privacy cybersecurity risk
• Usability of pattern recognition that will balance or mitigate the risk of ransomware affecting the organisations
• Increase of cloud computing will lead as a frontier from technology aspects which balances the risk of hijacking and data security between systems / applications
• Complex IoT architecture will resolve the culture of remote connectivity to networks which should balance the risk of eavesdropping
28 Issue 03 | www . intelligentciso . com