iot-and-security-challenges

Real State of IoT and the Security challenges

ManagementTeamMouli1

Chandramouli Srinivasan

In a recent article by our friend Nermin at Toptal says “The Internet of Things (IoT) has been an industry buzzword for years, but sluggish development and limited commercialization have led some industry watchers to start calling it the “Internet of NoThings”. Double puns aside, IoT development is in trouble. Aside from spawning geeky jokes unfit for most social occasions, the hype did not help; and, in fact, I believe it actually caused a lot more harm than good. There are a few problems with IoT, but all the positive coverage and baseless hype are one we could do without. The upside of generating more attention is clear: more investment, more VC funding, more consumer interest”

He also says the top two challenges that continues to haunt IoT as “1) Security – Just not the vulnerable devices that gets hacked but also the misuse of the data collected from devices. 2) Hardware pain points – Security needs to be built from hardware and that comes at a additional cost”

While the concerns are genuine on security, we have been talking to a few IoT device manufacturers on the need to increase their budget for hardware and software to secure the devices they use or sell. Most of these cases, we still a lot of reluctance to implement additional security at an additional cost on the consumer side while enterprises are willing to secure the devices at an additional cost. Also the new software paradigms of “IoT on ToR” and “IoT on BlockChain” are also starting to get traction and they also are going to come at additional cost. It appears like it will take many more massive security attacks like Anti-DDoS to shift the mindset to put security first in IoT product designs. The questions remains as “Are we willing to pay the price for what?”

Read full article from Nermin in this link : https://www.toptal.com/it/are-we-creating-an-insecure-internet-of-things

Also check out our article on “IoT on BlockChain” in this link : http://blogs.paasmer.co/a-marriage-made-in-heaven-iot-blockchain/

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