What Does the Rise of IoT Devices Mean for Cybersecurity? (2024)

If you’ve noticed IoT devices being mentioned more and more in the news, it’s because this fantastic new technology has greatly evolved in the past few years. It is estimated that there will be more than 75 billion IoT-connected devices in use by 2025, a nearly threefold increase from 2019 figures.

While the rise of IoT devices promises to make our lives more convenient, our infrastructure more efficient, and our businesses far easier to monitor, it also brings about novel security risks. All smart devices are, by design, connected to each other through the internet, and that means that the data they use and create is stored in servers, and servers can be hacked.

To gain a better understanding of the world of IoT and its cybersecurity implications, read on.

What Are IoT Devices?

If it connects to the internet, chances are it’s an IoT device. The “Internet of Things” has been around, as a concept, since the 1970s, but connected devices have become popular in the past 10 years or so. The main idea is that if a device or appliance has a sensor embedded in its physical hardware which sends data over a wireless network, well, that is an IoT device.

Your phone, smartwatch, GPS, connected thermostat, and home security cameras: these are all IoT devices, and are just a few examples of how this technology has pervaded so many aspects of our daily lives in a relatively short period of time.

In truth, IoT-powered technology has the potential to automate so many daily tasks that tend to absorb a lot of human time and energy. If you are not a fan of housework, for example, you can now have a robotic vacuum that can keep your floors sparkling without you ever needing to touch a broom again. Or, if you hate planning your trips to the supermarket, voice-enabled devices can organize your grocery list or even automatically reorder essential items based on a set schedule.

Smart Devices Can Still Be Hacked

Like every new technology that uses the internet, smart devices are vulnerable to cyberattacks. As they become a bigger piece of our digital world, we have to make sure we are developing the proper cybersecurity measures that will allow us to use them without the worry of getting hacked.

While hacking your smart lightbulbs, for example, would not result in malicious actors accessing much personal information, think if they could use that foothold to gain entry to your home wifi network. They could infiltrate your personal computers, tablets, and phones and steal all kinds of private information including your bank details, health records, credit card data, confidential emails, and much more.

During the COVID-19 pandemic, there were over 4,000 cyberattacks every day, with experts estimating the average household is hit with 104 threats each month.

Personal IoT devices are particularly vulnerable, because of their portable nature and their ability to connect to public wifi networks. As you go about your day, driving around or stopping at your favorite coffee shop, your smartphone and wearable devices can connect to public networks and expose your sensitive information.

Protect Our Digital World, Learn Cybersecurity

The more IoT devices we welcome into our lives, the more our digital world grows, causing a surge in demand for skilled cybersecurity professionals.

People working in cybersecurity help protect our networks, secure devices, and are the first line of defense against hackers. Whether you come from a tech background or not, the SDSU Global Campus Cybersecurity Bootcamp will help you build the foundational skills you need to succeed in the skyrocketing field of cybersecurity.

Here is how the bootcamp works: all classes are live, online, and led by cybersecurity experts, two sessions on weeknights and one on Saturdays. The whole program is a total of 400 hours of in-depth cybersecurity instruction and takes about 10 months to finish.

You will practice new skills through hands-on simulations and cyber labs that mimic real-world cybersecurity scenarios. Plus, the SDSU Global Campus Cybersecurity Bootcamp includes a dedicated career services department that can guide you along your cybersecurity journey.

There Is No IoT without the Internet

As the name “Internet of Things” implies, all IoT devices are dependent on an internet connection.

In case of a power outage, server issues, or other connectivity problems, IoT devices might be able to store data locally, but will not be able to properly function until the connection resumes. Clearly, if that means your vacuum skips a scheduled cleaning, the consequences will simply be a dusty floor.

However, loss of connectivity could also mean that life-saving health-tracking monitors could fail to report crucial information on time. It could also mean that your home security system is rendered useless until the internet connection is restored.

IoT Technology for Businesses

Sensors embedded in hardware can serve a variety of purposes depending on what industry your business is in. If you are growing crops, you might rely on drones to survey large areas of land. If you have a fleet of trucks, IoT devices can help you not only locate each shipment but also forecast how quickly it will get to its destination. If you operate a manufacturing facility, connected sensors can tell you how efficient your assembly line is, or whether a particular machine might need maintenance.

Every sector can benefit from using interconnected devices, and the data they create can be used to uncover any parts of the business that could run more efficiently. And while more and more companies have started to use IoT devices in the past few years, the COVID-19 pandemic has accelerated that rate of adoption even more, with analysts forecasting a compound annual growth rate (CAGR) for IoT spending of 26.7% between 2022 and 2025.

IoT Devices & Cybersecurity

Every new device that is connected to the internet needs to have standard cybersecurity defenses in place, but most IoT devices have less storage and processing power than laptops and smartphones, making it difficult to use anti-virus, firewalls, and other widespread security applications that could help protect them.

Businesses and organizations often fail to enforce the same cybersecurity measures they employ across their computer networks and servers throughout the IoT devices on their networks. While roughly 84% of organizations have IoT devices on their corporate networks, more than 50% of them don’t maintain necessary security measures beyond default passwords.

What’s more, sometimes new IoT devices are created so quickly that their software often lacks basic cybersecurity requirements. No reason to despair, though, because there are many things you can do, on a personal level, to protect your privacy and your personal data.

Here is our best advice on how to protect your personal smart devices:

What Does the Rise of IoT Devices Mean for Cybersecurity? (2)
What Does the Rise of IoT Devices Mean for Cybersecurity? (2024)

FAQs

What is the impact of IoT on cyber security? ›

IoT device attacks often originate in the communication channels that connect IoT components. The protocols used in IoT systems tend to have security flaws which can have a knock-on effect on the entire system. IoT systems are also vulnerable to network attacks such as spoofing and DoS.

What is the rise of IoT devices? ›

In 2022, the market for the Internet of Things is expected to grow 18% to 14.4 billion active connections. It is expected that by 2025, as supply constraints ease and growth further accelerates, there will be approximately 27 billion connected IoT devices.

What does IoT cyber security mean? ›

Internet of things (IoT)security is the practice of securing IoT devices and the network these devices use. Its primary goals are to maintain the privacy of users and confidentiality of data, ensure the security of devices and other related infrastructures, and allow the IoT ecosystem to function smoothly.

What are the 3 major factors affecting IoT security? ›

What are the 3 major factors affecting IoT security? IoT security is affected by the cost, changes throughout its evolution and scope of the safety measures taken. All three are major considerations.

How does IoT improve security? ›

Regularly Update Firmware: Keep IoT devices up to date with the latest firmware and security patches to address known vulnerabilities and improve overall security. Monitor and Respond to Threats: Deploy monitoring systems to detect and respond to potential security threats in real-time.

What is the biggest cyber threat from IoT devices? ›

Botnets and DDoS Attacks: One of the most prevalent threats to IoT devices is the use of botnets, which are networks of compromised devices controlled by cybercriminals.

What is the impact of IoT technology? ›

One of the most notable examples of IoT's impact can be seen in the field of smart homes. With the integration of IoT technology, home appliances, such as refrigerators, washing machines, and lighting systems, can be remotely controlled and monitored through a single interface, such as a smartphone app.

Why are IoT devices increasing? ›

Cost-Effective Hardware

Sensors, microcontrollers, and other essential components have become more affordable, enabling the development of a wider range of IoT devices. This cost-effectiveness has led to increased adoption across various industries, from agriculture to healthcare.

What is the impact of IoT going to be in the future? ›

In the future, IoT will revolutionize work. Picture a factory where machines notify us before they fail, saving time and money. Sensors streamline workflows by tracking movements. Plus, IoT ensures safety by monitoring conditions.

Why is IoT security important? ›

IoT security is important due to the susceptibility of IoT devices and the growing use of IoT hardware. Many IoT devices remain unencrypted and can act as a gateway for hackers, where one compromised device could grant someone access to its entire connected network.

Which is best IoT or cyber security? ›

IoT security is not traditional cybersecurity, but a fusion of cybersecurity with other engineering disciplines. It addresses much more than mere data, servers, network infrastructure, and information security.

What are the two main issues with IoT security? ›

Firmware vulnerability exploits that take advantage of weaknesses in an IoT device's operating system, commonly known vulnerabilities, some of which cannot be patched. Credential-based attacks that use IoT devices' default administrator usernames and passwords to gain unauthorized access.

What security issues and challenges does IoT raise? ›

One major concern is the potential for cyberattacks. Hackers can exploit your vulnerable IoT devices. It can gain them unauthorized access to your network or data. Leading to data breaches, financial losses, and damage to your reputation.

What are the three 3 main components of IoT? ›

(a) Basic three elements of IoT: power-constrained hardware sensors or devices to sense and acquire the data, a middleware to process, analyze, and transmit the desired data, and application which visualizes the processed data and results.

When did IoT devices become popular? ›

2010s: IoT becomes a major force in the consumer market, with products like Nest thermostats and Amazon Echo becoming popular household items.

What is the growth rate of the IoT industry? ›

Global Internet of Things (IoT) market was valued at USD 318.8 billion in 2019 and is poised to grow from USD 380.6 billion in 2023 to USD 1572.37 billion by 2031, growing at a CAGR of 19.4% during the forecast period (2024-2031).

Why is IoT trending? ›

The increased intervention of technology in the lives of people has highlighted the continued threat to unsecured connected devices/things. As a consequence, security is an evolving IoT trend and several businesses around the world are developing IoT security solutions using diverse technologies.

When did IoT gain popularity? ›

Although the IoT was slowly gaining attention in the 2000s, it wasn ́t until 2010 that it really started to gain popularity. By 2013, IoT had evolved into an incredible system using multiple technologies.

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