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The Internet of Things has become one of the most exciting developments for network connectivity. The number of IoT devices is predicted to exceed 40 billion by 2020, and their potential benefit to industrial success is limitless. However, the possibility of unforeseen damage grows by connecting multiple devices especially for business. IoT device security is not generally addressed at the beginning of device development because manufacturers are anxious for their product’s market debut. Consequently, if an IoT device is breached, the company using that device could lose millions of dollars in revenue and private consumer data, in turn earning themselves a tainted brand image among a slew of other things.
SC Magazine recently released a white paper about securing the Internet of Things that outlines a few suggestions for better security within the IoT. Consider a few vulnerable areas that are too complex for current standard security practices:
Industries should be excited about the new and intriguing developments in the IoT. But any new idea has its paired precautions. IoT device manufacturers have not made security a priority, therefore, primary precautions in IoT lie with data security and maintaining enterprise privacy and integrity.