The Security Of The Internet Of Things

In order to solve the issue, Amazon web service has brought Internet of things technology (IoT) to secure the connections of personal computers in the home and improve the crop development for the users. The technology can be useful for office security to prevent a loss that is caused by hacking as well as attacks in the network (Amazon Web Services, Inc. 2016).

While IoT devices holds much promise, there are still many security issues that need to be addressed. These security issues can have a significant impact on everyday life, such as causing damage, disruption to business operations, and in some cases even loss of life. Having all your devices interconnected using IoT such as lighting, thermostats, doors, and elevators, seems convenient but in fact this poses a great security risk. If these risks are exploited it could disrupt power or lighting which could lead to a loss of life if it were something like a hospital. Addressing these security risks will lead to more efficient and safer to use IoT devices but companies will have to identify them in their devices first (Tankard, 2015).

“In a few decades’ time, computers will be interwoven into almost every industrial product”, said computer scientist pioneer Karl Steinbuch in 1966. Steinbuch’s prediction couldn’t be closer to the truth. Today we see the “Internet of Things” (IoT), which is the concept that modern devices are provided with “unique identifiers and the ability to transfer data over a network without requiring any human-to-human or human-to-computer interaction” (Rouse, 2014). Wireless technologies, the internet, and various other types of computer networks have converged to form the IoTs as we know it. The Internet of Things is a complex technical and policy-related subject, and impacts everything from politics and the environment, to society and the economy.

The entire cyber security industry is in a period of growth. As both corporations and private consumers are becoming aware of vulnerabilities with their online presence cyber security firms, have learned how to offer in-demand solutions for a wide variety of customers. Within the field of cyber security, there are several different types. These different types of services range from protection on the Internet of Things to producing devices to protected connected cars or phones. Each of these areas are expected to grow by the year 2020 with some being more in demand than others. In the article, “Cybersecurity Market Reacher $75 Billion in 2015, Expected to Reach $170 Billion by 2020,” Steve Morgan notes that, “the hot areas for growth are security analytics / SIEM (10%); threat intelligence (10% +); mobile security (18%); and cloud security (50%)” (2015) . Additionally, the Internet of Things has seen new cybercrime which has driven spending up in this area. Morgan comments that the Internet of Things security market will expand to $29 billion by 2020 (2015). Firms that offer these demanded services are in the best possible position going forward. In addition to the existing services, firms must strategize around future security issues.

Privacy and the IoT: Navigating Policy Issues - Opening Remarks of FTC Chairwoman Edith Ramirez[10], “Today, I would like to focus on three key challenges that, in my view, the IoT poses to consumer privacy: (1) ubiquitous data collection; (2) the potential for unexpected uses of consumer data that could have adverse consequences; and (3) heightened security risks. These risks to privacy and security undermine consumer trust. And that trust is as important to the widespread consumer adoption of new IoT products and services as a network connection is to the functionality of an IoT device. I believe there are three key steps that companies should take to enhance consumer privacy and security and thereby build consumer trust in IoT devices: (1) adopting “security by design”; (2) engaging in data minimization; and (3) increasing transparency and providing consumers with notice and choice for unexpected data uses. I believe these steps will be key to successful IoT business models and to the protection of consumer information.” This project wants to achieve just the same goal as intended in both of the base papers combined

Protection and the IoT: Navigating Policy Issues - Opening Remarks of FTC Chairwoman Edith Ramirez[9], "Today, I might want to concentrate on three key difficulties that, in my perspective, the IoT stances to shopper security: (1) universal information gathering; (2) the potential for sudden employments of customer information that could have unfavorable results; and (3) elevated security dangers. These dangers to protection and security undermine buyer trust. Also, that trust is as critical to the boundless shopper appropriation of new IoT items and administrations as a system association is to the usefulness of an IoT gadget. I accept there are three key steps that organizations ought to take to upgrade shopper protection and security and subsequently construct customer trust in IoT gadgets: (1) embracing "security by configuration"; (2) taking part in information minimization; and (3) expanding straightforwardness and giving purchasers notification and decision for sudden information employments. I trust these strides will be vital to effective IoT plans of action and to the assurance of customer data." This venture needs to accomplish nevertheless objective as expected in both of the base papers consolidated.

The sudden growth in IT investment is linked with the growth of IOT and therefore naturally an era of increased investment comes with increased business opportunities. The following section describes some of the applications of the internet of things and the opportunities in which they will bring.

Technology has been a milestone in the 21st century, new advancements are made as each year passes by. Technology is evolving and is of major significance in present times, whether in our daily lives or in workplace environments. In this regard, the majority of individuals in the 21st century rely on technology and the Internet on a daily basis. For instance, the majority of us utilize technology such as our smartphones and computers to retrieve personal information of ours from the Internet, such as our bank accounts. Whereas others, such as businesses, have customer data, employee and employer’s personal information, etc. Therefore, we must be precautious as to how we handle and guard our personal information over the Internet from being hacked or utilized as the ends to a means by terrorists, hackers, etc. In this regard, oneself must be enlightened about what exactly cybersecurity is, and what are the potential threats and risks associated to cybersecurity.

According to Ziegeldorf et al. [11], the new ways of interaction with the IoT leads to several specific privacy threats categorized under: Identification, tracking and profiling threats which are long known, and will be greatly aggravated in the IoT. Other threats such as privacy-violating interactions and presentations, lifecycle transitions, inventory attacks and information linkage arise later in the IoT evolution. Hence, all the aforementioned privacy-concerns, risks and threats represent real open issues that may hinder the adoption and development of the IoT.

The forecasts point that then number of Internet of Things devices by 2020 will be around 25 billion, which is an exponential growth compared to 5 billion devices connected at this moment, while these systems are still considered weak on security measures. The reasons why security is not strong enough rely on their poor management design and services offered and other known security flaws.

The human and technological aspects of cyber threats changed dramatically in the past year. Witnessing innovative techniques blended with the outmoded, resulting in highly evasive attacks. Recently we have seen sizeable business, corporations, governmental agencies, and banking institutions, which we perceive as extremely secure, broken into. Vulnerabilities, uncovered by hackers who in turn exploit them in out-of-date infrastructure standards and developments such as the Internet of Things (IoT) have emerged to present an entirely new set of infrastructure challenges.

The future of security for IoT needs to be proactive and not reactive, preventive and not remedial. It is important that we bake in the security into IoT platforms right from the ground up instead of doing it in piecemeal way as was the case with evolution of modern day operating systems or internet revolution. Future IoT initiative shall have security shall be holistically implemented at network, application and device/hardware level. We should definitely leverage wide knowledge base and research investments we have already made in the embedded systems, OS, web and mobile security space. Top security software providers, market leaders in the technical corporate space and federal institutions, and tight laws shall be built to

IoT encompasses different devices which connect to the internet and talk to each other. “By 2020, the Internet of Everything expected to connect 50 Billion”. IoT leads to a multitude of things(devices) sharing data over the internet, which would definitely contain a lot of private information. Thus, information security on the shared data is of utmost importance. Security and privacy related issues are bound to explode if not addressed succinctly.

Over the past couple decades, with the enjoyment of technological advancement, came the vulnerability of what we hold so dear; our privacy. Troubles ranging from identity theft to home invasions now litter our social landscape. While the importance of these dangers is constantly exploited, laziness and lack of knowledge continue to turn average people into victims. So the issue at hand becomes, how do we protect our assets without completely disrupting our lives? Our lives will be impacted no action is taken. The best way to combat intrusion is to spend time each day on protecting ourselves. There are many simple forms of protection like; keeping your logins and password safe, using antivirus software, monitoring your children’s activity, keeping your social media private, and paperless payments (debit/credit card usage).

With the click of a button or a tap on a screen, you can discover profound knowledge, it navigates you to where you need to go, or it even tells you miscellaneous things such as which place to go to get the best pumpkin spice latte. The Internet of things has significantly impacted everyday lives and continues to develop throughout generations. It refers to pertinent things such as the ever-growing networks of everyday physical objects, and other internet-enabled systems and devices which process and analyze large and fast-moving data set along each other. To sum it up, the internet of things is a fast growing network of materials where everything is synced and can collect as well as exchange data using sensors that are embedded in devices. Although individuals believe that the Internet of Things (IoT) consequently, will strip every one of privacy and security, the internet of things ought to be utilized in society as it positively transforms the way you live and relate to our environment to make it more productive and useful for us.