Cybersecurity challenges and the future of IoT

The benefits of connected devices are plentiful, but so are the cybersecurity challenges associated with them. During recent years, cyberattacks against connected devices have been on the rise, with the infamous Satori botnet being just one example. What does the future have in store?

Moving from offices to smart-homes, the majority of these devices are relatively harmless if they are compromised; all a hacker can really do is ruin your breakfast by hacking a toaster or something similar. However, with the ever-increasing level of importance and roles they play in our lives, soon, such a scenario could have dire consequences.

For instance, what would happen if a smart car gets hijacked or if a hacker remotely disables a pacemaker? As things are right now, many IoT devices are not even password protected, or the owners don’t bother to change the default password, which is something hackers could compromise in a matter of minutes.

One of the ways to make IoT devices more secure is to install a VPN on them. However, the trade-off is evident in terms of speed and scalability. Another solution is to enable identity management – should users receive unique user credentials and each device a unique ID, this would effectively create a three-way authentication system.

We also require more robust cybersecurity regulations that would set the standard for IoT device managers to adhere to. The next couple of years will play a critical role in how things play out. Connectivity is convenient, but it’s also a double-edged sword. Can we overcome the challenges of the IoT industry?