IoT Security
Article | June 27, 2023
5G trends are shaping the future of various technologies, from the Internet of Things to virtual reality. Learn more about the top trends in 5G to stay ahead of the competition in this sector.
Contents
1 The Current State of IoT Data Security
2 Top Trends in IoT Data Security in 2023
2.1 Emergence of AI-powered Security Solutions
2.2 Potential of Blockchain Technology
2.3 Growing Use of Zero-trust Security Frameworks
2.4 Greater Emphasis on End-to-end Encryption
2.5 Industry and Government Collaboration
3 Conclusion
As the Internet of Things (IoT) continues to rapidly expand, data security has become a critical concern for businesses and consumers alike. With recent high-profile breaches and cyberattacks, the latest trends in IoT data security focus on implementing stronger encryption and authentication protocols, as well as enhancing device-level security measures to protect sensitive data from potential threats.
1 The Current State of IoT Data Security
The growing adoption of IoT has led to a digital transformation in the way businesses operate. IoT technology has enabled organizations to collect and analyze vast amounts of data in real-time, allowing for improved decision-making, increased operational efficiency, and enhanced customer experiences. Despite these benefits, organizations are currently facing significant IoT data security challenges that must be addressed to fully realize the potential of this technology.
Companies recognize unauthorized access (43%), data privacy (38%), and data integrity (31%) as top IoT security challenges.
(Source: Statista)
Businesses are actively addressing these security challenges by investing in IoT and data security solutions. The global market for IoT data security continues to grow, and companies are increasingly investing in strategies for data security in the IoT. To secure access to mission-critical connected devices and sensitive data, it is imperative for businesses to keep track of IoT trends in data security.
2 Top Trends in IoT Data Security in 2023
2.1 Emergence of AI-powered Security Solutions
AI-powered security systems can rapidly detect and respond to attacks, reducing the likelihood of significant damage to IoT devices or networks. In particular, its ability to analyze vast amounts of data in real-time and identify anomalies or potential security threats makes AI a vital component of an IoT data security strategy.
Detecting an IoT security breach in progress is possible with AI security systems, which identifies unusual behavior by analyzing data patterns from IoT devices. AI can also be used to diagnose potential vulnerabilities in IoT devices and networks, allowing organizations to take proactive measures to address them before they are exploited.
The pattern recognition capabilities of AI also help secure IoT technology through predictive analytics. By analyzing past data breaches and attacks, AI systems detect potential cyberattacks and develop predictive models to detect and respond to them proactively.
AI-driven security systems have the potential to streamline incident response by lessening the load on cybersecurity teams and reducing response time. The ability to adapt and learn from a previous cyberattack allows machine learning (ML) algorithms to create novel strategies that prevent similar attacks in the future.
AI represents a significant development in addressing IoT security concerns since it provides sophisticated capabilities to protect IoT networks and devices that conventional security measures cannot provide. AI-enabled security systems deliver immediate identification, reaction, and deterrence of possible threats, which is why they will be critical in ensuring data security in the IoT.
2.2 Potential of Blockchain Technology
Blockchain's unique features, such as decentralization, immutability, and cryptographic security, provide a robust framework for secure communication and data sharing among IoT devices. By leveraging blockchain technology, businesses can ensure their IoT data's integrity, confidentiality, and authenticity.
One of the key advantages of using blockchain for IoT data security is its decentralized nature. Blockchain networks are distributed and run on a peer-to-peer basis, making it difficult for attackers to compromise the network. This also makes it an ideal solution for recording and securing data from multiple access points, such as IIoT systems.
Additionally, blockchain networks are designed to be immutable, making them an ideal solution for IoT data security and providing a tamper-proof and transparent ledger for recording data flow. This can help enterprises identify and mitigate security threats more quickly and efficiently, reducing the risk of cybersecurity incidents. A research paper published in Wireless Networks highlights the advantage of using a Blowfish Blockchain Model to enable IoT data sharing security, particularly for multimedia content.
Blockchain technology is a promising solution for securing IoT data. Its unique features, including decentralization, immutability, and cryptographic security, make it an ideal candidate for many IoT use cases. This technology can potentially transform data security for IoT devices by offering the IoT sector the solution it requires.
2.3 Growing Use of Zero-trust Security Frameworks
Zero-trust frameworks ensure that only authorized devices and users can access sensitive data and systems, protecting against insider threats and external attacks. This is especially important in IoT environments, where devices may lack traditional security measures like firewalls and antivirus software.
Device identity management is a critical component of zero-trust security for IoT data. Only recognized devices are allowed access to a network or data by leveraging processes and technologies that authenticate device identity. With Zero Trust, any connected device must be authorized before accessing any resources, including data.
By closely monitoring and managing access, businesses can maintain the security of the IoT. This protects against threats that exploit weak device identity management. Overall, zero-trust security frameworks are essential for safeguarding IoT data from malicious actors and protecting the integrity of IoT ecosystems.
2.4 Greater Emphasis on End-to-end Encryption
IoT poses a threat to data security when users do not take proper measures to protect the data generated. End-to-end encryption provides a strong layer of protection against unauthorized access, interception, and other cyber threats by encrypting data at the source, during transmission, and at rest.
IoT devices collect and process a wide range of sensitive data, from personal information and financial data to critical infrastructure and medical records. This data is often transmitted over networks and shared with cloud services, and the risk of cyberattacks during transmission cannot be ignored.
End-to-end encryption can provide a strong layer of protection by encrypting data at the source, working to improve the limited data security of the IoT. As the use of IoT devices continues to grow, implementing end-to-end encryption will become increasingly important for ensuring the security and privacy of sensitive IoT data.
2.5 Industry and Government Collaboration
In late 2021, the UK and Singapore governments became the first to announce obligatory security requirements for specific categories of IoT devices. Due to IoT data security risks, other countries have also defined guidelines, best practices, certifications, or labeling efforts for IoT devices. However, adoption among IoT device makers and vendors has been slow.
The National Institute of Standards and Technology (NIST) has been working on establishing cybersecurity guidelines for IoT devices. In June 2022, NIST incorporated consumer IoT cybersecurity criteria into its family of IoT cybersecurity guidance. NIST is also working with the IoT industry to design, standardize, and test solutions for IoT security controls.
By discussing IoT device security concepts and establishing guidelines in collaboration, the industry and the government can foster adoption of general methods to protect IoT devices from cybersecurity breaches. Such cooperation can be crucial in ensuring that IoT devices are secure from cyber threats and that IoT device makers and vendors adopt best practices for IoT device security.
3 Conclusion
The trends in IoT data security showcase several proactive measures that can be taken to protect sensitive data in a rapidly evolving technological landscape. In addition, organizations are moving towards a more comprehensive approach to IoT data security with the emergence of AI-powered security solutions, blockchain technology, and the shift to zero-trust security frameworks.
As IoT devices continue to proliferate, organizations must prioritize security and data protection to prevent data breaches and cyberattacks. This emphasizes the need for collaboration between industry and government to strengthen security measures and improve IoT device security by building with a ‘secure by design’ approach.
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Security, IoT Security
Article | July 13, 2023
Every major industry, including retail, transportation, banking, healthcare, and energy, has significantly benefited from the Internet of Things. Processes like supply chains are where the Internet of Things best demonstrates its promise. Applications for management, forecasting, and oversight aid fleet managers in increasing distribution's operational effectiveness and decision-making openness.
Some of the primary goals for IoT deployment in supply chain management include tracking and monitoring. For example, warehouse and fleet managers can use technology to keep an eye on their stock and freight.
Reasons to Use IoT in Supply Chain Management
Real-time Location-tracking
Thanks to the Internet of Things, managers have access to a consistent stream of real-time data on the product's location and the environment surrounding transportation. You may keep track of the delivery of both finished items and raw materials, and you will be informed if the product is transported in the wrong direction.
Monitoring of Storage Conditions
Environmental sensors allow management to monitor cargo conditions and take immediate action when something changes. One of the most popular IoT supply chain systems, for example, collects data on pressure, humidity, the temperature inside vehicles, and other factors that could harm the goods and then automatically adjusts the environment.
Enhance Your Emergency Planning
Supply chain managers can design routes with the use of IoT and data analytics, taking into account traffic, weather, potential accidents, and other delay-causing events that may occur along the way. The Internet of Things collects all the data required to create adaptable backup plans and identify the source of any current delays. Also, supply chain managers can get alerts from the system in real time, which speeds up reducing risks.
Forecast Goods Arrival and Movement
IoT devices and data analytics systems are used by managers to enhance the decision-making process and boost the accuracy of delivery estimates. Real-time tracking lets businesses keep track of products as they are shipped, predict when they will arrive, and plan for and reduce the risk of delays.
Conclusion
There are many different IoT applications for supply chain management. For example, it improves communication between parties, makes it easier to track and monitor commodities, and makes planning more precise.
As long as you have a clear goal for what you need the technology to achieve for you, an IoT-based platform is an excellent investment for both small and large organizations. It's also essential to bring on a talented team for the design and development phase.
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Enterprise Iot
Article | May 11, 2023
5 years ago, when we forecasted that the IoT platforms market would have a 5-year compound annual growth rate (CAGR) of 35%, we wondered if our growth projection was unrealistically high.
5 years later, it has become apparent that the forecast was actually too low. The IoT Platforms market between 2015 and 2020 grew to be $800 million larger than we forecasted back in early 2016, resulting in a staggering 48% CAGR.
Comparing what we “knew” back in 2016 to what we know today provides some clues as to why the market exceeded expectations so much. 5 years ago, no one really knew what an IoT platform was, let alone how big the market would be, which business models would work, how architectures would evolve, and which companies/industries would adopt them. The only thing that was “known” was that the IoT platforms market was a billion dollar “blue ocean” opportunity ready to be captured by innovative companies.
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Article | April 27, 2020
Manufacturing industry or the Industrial Internet of Things has been one of the driving verticals for development of 5G technologies. Wide 5G deployement for Industrial IoT has long been in the pipeline but we might expect it to be a reality very soon.
The true success of 5G depends on the verticals as trends suggest that that Industrial IoT alone will triple the number of needed base stations globally. And many verticals will need efficient wireless connectivity to become successful. 5G has features that are specifically designed to address the needs of vertical sectors, such as network slicing and URLLC. The ultra-reliable low latency communications and massive machine type communications required by the IIoT will soon be realized.
Table of Contents:
How Will 5G Impact Industrial IoT?
5G Accelerations for IIoT
Industrial 5G
How Will 5G Benefit Industrial IoT?
IoT is a B2B application and users just want to get actionable data from their sensors and not worry about whether it’s old data or unreliable data. I think 5G changes this dynamic significantly over the long term by standardizing and simplifying the experience and interactions, and possibly engaging more of the industry to help solve IoT’s problems but also improve the total experience.
- Anshel Sag, analyst at Moor Insights & Strategy
• Data-Transfer Speeds
Any IoT is said to be commercially successful depending on how fast it can set up communications with other IoT devices, software based websites or applications, phones, and tablets. 5G promises exactly all of this with significant increase in transfer speeds.
5G is 10x faster than its LTE counterparts and allows IoT devices to communicate and share data faster than ever. All IoT devices will benefit from the faster speed of 5G with reduced lag and improved sending and receiving of data and notifications between connected devices.
• Greater Network Reliability
5G networks also offer more reliable and stable connection which is extremely important for any IoT including devices like locks, security cameras and monitoring systems that depend on real-time updates.
With reliable connectivity consumers will be the greater beneficiary.
It is however, imperative for manufactures to trust and invest in 5G compatible devices to reap the benefits of high-speed connectivity, very low latency, and a greater coverage that will arrive with the next generation network.
READ MORE:How Will the Emergence of 5G Affect Federated Learning?
5G Accelerations for IIoT
• Diversity in Industrial IoT
The opportunities that industrial IoT bring with is varied and its used cases span the spectrum from indoor to outdoor, less demanding to mission-critical, data rate from dozens of bps to gbps, device motion from fixed to mobility, and power source from button battery to high voltage.
Predictive maintenance, smart metering, asset tracking, and fleet management are some of the commonly known opportunities for IIoT, which be extended further by 5G through continued diversity and expansion.
• 5G Inspires Untapped Frontiers
Industrial IoT application areas such as mobile robot control in production automation and autonomous vehicles in open pit mining require wide mobility, low latency and mission-critical reliability. They rely on wireless access at 50ms to 1ms latency and service reliability from 5 nines to 6 nines.
Though 4G/LTE has attempted to address these areas of IIoT application it has failed due to unsatisfactory performance. With ultra-reliable and low latency connection, 5G will take industrial IoT to unconquered spaces.
• Managing the Enterprise 5G Network
Typically, enterprise IT is responding to the business demand from Operational Technology (OT) and mandates security, integration, visibility, control, and compatibility. In this scenario, 5G is not about “what,” but about “how”. IT needs to consider the right approach to bring 5G to the enterprise and decide whether to co-manage with the service provider (SP) or self-manage. The experience of IT in managing Industrial Ethernet and Wi-Fi may not hold when it comes to 5G. IT will likely require OT’s partnership to address complexity, security, integration, and other new challenges that 5G presents.
Industrial 5G
The potential for industrial 5G huge as it enables whole new business models.
Industrial IoT has a core requirement of the ability to connect sensors, devices, software applications, production process, workers and consumers. The connectivity requires to be seamless vertical and horizontal integrations of all layers of automation pyramids that increases operational efficiency of the plant floor and the supply chain by optimal use of data, information and analytics. This can be improved by five key elements:
• Improved Connectivity
• Availability
• Low Latency
• Flexibility
• Speed
Industrial 5G will impact these areas of the manufacturing industry to guide the success of Industrial IoT.
Industrial 5G will play a key role in helping industrial users achieve the goals of Industrial IoT. 5G offers wireless communications services with reduced latency, increased connection density, and improved flexibility compared to the current 4G generation. 5G technology has a theoretical downlink peak speed of 20 Gbps (gigabits per second), which is about 20 times faster than the current generation.
The key is to start building IoT devices with broadly adopted operating systems, built-in security all the way down to the silicon, verifiable and updatable firmware, and mainstream application development tooling.
- Anshel Sag, analyst at Moor Insights & Strategy
The push and pull in achieving 5G success in IoT will be there until technology providers and end users work together to set up a consensus on standardization. The success will also depend on best-of-breed approach allowing the introduction of new technology over the lifecycle. Software and system integration will also be important attributes to a successful 5G deployment.
READ MORE:How Will IoT Revolutionize Pharmaceutical Manufacturing?
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