IoT Cybersecurity

Internet of Things and CybersecurityThe Internet of Things (IoT) is quickly becoming essential to how small and medium-sized businesses (SMBs) do business. From sensors that detect and report temperature, motion, humidity, light, or air quality to inventory reporters, video feeds, and vehicle GPS reporters; businesses of all sizes increasingly rely on internet-connected devices. Small businesses’ use of IoT devices has grown 10% yearly since 2018, and the growth is expected to continue. The IoT suppliers market is expected to reach $500 billion by 2030, introducing increased cybersecurity risk and opportunity for SMBs.

In many cases, IoT represents the connection between the physical parts of a business and the digital ecosystem. Unfortunately, many connected devices were developed or implemented without quality cybersecurity in mind. As the use of IoT devices increases, the business world is reaching a tipping point between security and convenience. The usage of IoT devices has shifted in recent years from clusters of interconnected devices to fully connected IoT environments.

Above all, there are no universally accepted standards for IoT devices. Enterprise-level manufacturing sensors can exist on the same network as office smart devices, along with inventory workstations and customer database backup servers. These are the environments we read about in many after-action reports from ransomware attacks in the news. The increased use of IoT devices increases the attack vector criminals can exploit to gain entry to your business network.

The role of cybersecurity will continue to increase as IoT devices increase in the coming years. Security is needed to inventory network devices, manage updates, and help protect against attacks. Security experts will be needed to detect, respond, and recover from incidents. Security should start with the implementation of the new devices. Embedding cybersecurity into the early stages of IoT design and development is crucial. Understanding the balance between trust, security, and functionality is the key to building a safe and efficient modern work environment.

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Posted by Charles Wright