Ending Soon! Save 33% on All Access

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

Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

News and Trends

Portl, Freshleaf, and Fix My Curls Raise Growth Stage Funding

Here are the Indian startups that announced growth-stage funding rounds.

News and Trends

Soleos Solar Energy Secures INR 48.5 Cr Funding

This funding infusion will help the company in generating its working capital, global renewable energy portfolio development and establishing manufacturing facilities across the globe.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Science & Technology

Bad Data: The $3 Trillion-Per-Year Problem That's Actually Solvable

How the right tech can help entrepreneurs make data more accessible and accurate, avoiding massive losses in the process.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.