The revolution of the Internet of Things (IoT) has officially commenced, all with Gartner predicting 20 billion connected devices in operation by 2020.
From being touted as the “Year of the Smart Device” in 2016 for its sensational rise in popularity for connected home systems to the massive magnitude of enterprise adoption, the Internet of Things has disrupted industries, in more ways than one. But, with rising IoT popularity, cybersecurity threats have caused an exorbitant havoc.
Cyber threat looming over IoT devices
The incredible connectivity that comes with the Internet of Things has made it the ideal target for hackers who are seeking to extract information from a vast number of sources, all by taking over one or a couple of these connected devices. In the first half of 2017, cyber attacks on IoT devices rose to an astounding 280 percent. In fact, according to a report by Gartner, a third of all cyber threats will be directed towards IT and IoT devices in 2020.
The major reason for this is that a vast majority of the connected devices released in the market is deployed with little consideration for threat protection. While IoT has been a game-changer for enterprises in terms of improving productivity, corporations are facing a monumental challenge in ensuring the confidentiality of their information. In fact, cyber attacks in organisations have accounted losses up to $4 billion in 2016.
With the popularity of the Internet of Things not slowing down anytime sooner, what is the panacea for the imposing security threat caused by it? Are we already equipped with the solution or is it the time for a new dawn of cybersecurity?
Inefficiency of current security standards
Earlier, cybersecurity technologies relied upon human interactions to shut down threats. However, with increased attacks on unmanned devices and the humongous number of connected devices available at the moment, there is very little security personnel can achieve.
This inability in mitigating modern-day cyber attacks on modern-day devices has paved the way for a revolutionary innovation in cybersecurity.
Intelligent Cybersecurity systems: The key to a safer tomorrow
To manage threats faced by IoT devices, cyber security systems must be capable of intelligently monitoring and taking action in shutting down malware. Cybersecurity systems must be programmed to identify threat patterns, allow or deny network access and stop risks, all without human intervention. With an intelligent platform such as this, cyber attacks can be prevented as a whole, or limit its effect to a restricted area.
The future will continue to progress towards a technologically-connected universe. Over the next few years, cybersecurity will have to reach a new level of innovation to battle complex, ominous threats.