IoT Security
Article | June 28, 2023
The COVID-19 pandemic turned the tides towards remote work and virtual connectivity. And even though growth seemed to have slowed down in 2020, experts see double-digit growth in the next few years. The tides may be turning but virtual connectivity and the tools required for remote growth are not slowing down in demand. As the tech world adapts to new shifts, IoT is among one of the most anticipated technologies to prosper in 2021.
Digital transformation has rapidly accelerated in the past year and if the experts are to be believed, 2021 shows promise for an even better year for technological advancement. According to IDC’s 2020-2024 forecast, spending will reach an annual growth rate of 11.3 percent. And with this, the number of connected devices is likely to grow up. Take a look at what will be the focus of IoT industry trends in 2021.
Privacy & Security
As smart homes are becoming the norm and you cannot throw a stone without hitting a smart device, one thing is clear—IoT devices are everywhere. People almost always forget smartphones when talking about IoT devices, but the fact is that smartphones are very much a part of the IoT ecosystem. And with the infusion of IoT in our everyday lives, questions about privacy and security are cropping up.
Just recently, as WhatsApp announced its new privacy policy, millions of users planned to migrate to other alternatives. This led to WhatsApp pushing back its privacy update and tech businesses taking note of changing winds.
In 2021, privacy and security will be at the forefront of IoT industry trends, as devices infuse further into the everyday lives of people. According to recent research, 90 percent of consumers lack confidence in IoT device security. And the onus of bolstering consumer confidence will be up to IoT businesses.
Workforce Management
According to Gartner’s “Top Strategic Technology Trends For 2021” report, IoT will be a large part of the office experience in 2021. As businesses are trying to avoid the losses that occurred in early 2020, workplaces are being geared up with RFID tags, sensors, and monitors to ensure social distancing measures, whether employees are wearing masks and overall health monitoring.
Additionally, many organizations have decided to move permanently to a remote mode and will rely more on IoT devices for connectivity. So we can expect better automated scheduling and calendar tools, more interactive video conferencing, and virtual meeting technology. In the case of fieldwork, IoT will offer an added factor of monitoring behavior.
Greener IoT
Experts predict that energy will be a crucial factor in the IoT industry trends in 2021. With smart grids, metering, and restoration resilience being powered by IoT, 2021 will move towards optimized energy consumption and devices that are designed to encourage energy-friendly practices.
What’s more? Smart engines and automobiles can be optimized to reduce their carbon footprint and become energy-friendly. As evidenced by the Paris summit and the wildfires in 2020, the world is becoming ecologically conscious. IoT devices in 2021 will focus heavily on reduced emissions, lowering air and ocean pollution, and minimizing power expenditure.
Location Data
As COVID-19 limited human interaction, location-based services soared during the pandemic. Businesses started leveraging location data to offer curbside pickup, virtual queues, and check-ins for reservations to enhance the customer experience during the pandemic.
According to experts, the use of location data will continue to be crucial for customer service and convenience in 2021. As people prefer being safe even as the vaccines are being delivered, location data will allow businesses to cater to their customers without compromising on customer or employee safety.
Digital twins
IoT is being helmed as the perfect technology partner for creating digital twins in many industries. As IoT collects a large amount of data through physical devices, this data can be reinterpreted to create the perfect digital twins. Also, IoT can offer visibility into the full product life cycle and unfold deeper operational intelligence. Companies like Siemens are already leveraging technologies like AIoT to design and create digital twins for product design and production. Coupled with AI, IoT will be used more commonly for creating digital twins in 2021.
A technology as dynamic as IoT can be leveraged for almost any application. Therefore, it may surprise us all in the way it progresses in 2021. However, experts believe that the above 5 IoT industry trends will rule 2021 for sure.
Frequently Asked Questions
What are the latest IoT industry trends?
The use of IoT in Healthcare, Artificial Intelligence, workforce management, and ecological conservation can be deemed as some of the latest trends in IoT.
What is the future scope of IoT?
As experts believe there will be over 85 billion connected devices by the end of 2021, and the numbers are promising for upcoming years, we can safely say that the future of IoT is indeed bright.
What industries are most likely to use the Internet of things technology?
IoT is a dynamic technology with applications in almost every industry. However, industries like healthcare, construction, manufacturing, tech, and resource management are most like to use IoT right now.
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IoT Security
Article | July 17, 2023
Building resilient IoT networks: Exploring the top technologies for enhancing IoT security and protecting as well as safeguarding against evolving cyber threats in the interconnected era of Industry 4.0.
Contents
1. What is Network Resilience and Why is it Needed?
1.1 Continuous Operation
1.2 Mitigating Security Threats
1.3 Data Protection
1.4 System Availability
1.5 Risk Management
1.6 Regulatory Compliance
2. Factors to Consider for Network Resilience
3. Top Trends in IoT Security
3.1 Zero Trust and AI
3.2 Supply Chain Security
3.3 Network Segmentation and Segregation
3.4 Over-the-Air (OTA) Updates
3.5 Device Authentication and Authorization
3.6 Software-defined Networking (SDN) Security
3.7 Identity and Access Management (IAM)
4. Conclusion
1. What is Network Resilience and Why is it Needed?
Network resilience refers to the ability of an IoT network to withstand and recover from disruptions, attacks, or failures while maintaining its essential functions. It involves implementing measures to ensure the network remains available, reliable, and secure, even during security threats or unexpected events.
Ensuring network resilience is a critical aspect of IoT network security. Network resilience refers to the ability of an IoT network to withstand and recover from disruptions, attacks, or failures while maintaining its essential functions. Ensuring network resilience in IoT network security is crucial for the following reasons:
1.1 Continuous Operation
IoT networks often support critical applications and services that require uninterrupted operation. Network resilience ensures that these applications can continue functioning even during disruptions, such as network failures or security incidents. It minimizes downtime and ensures business continuity.
1.2 Mitigating Security Threats
IoT networks are susceptible to various cybersecurity threats, including malware, unauthorized access, or Distributed Denial of Service (DDoS) attacks. Network resilience measures help mitigate these threats by implementing security controls, monitoring network traffic, and enabling prompt detection and response to security incidents.
1.3 Data Protection
IoT devices generate and transmit vast amounts of sensitive data. Network resilience safeguards data integrity, confidentiality, and availability by implementing secure communication protocols, encryption mechanisms, and access controls. It ensures that data remains protected even during network disruptions or security breaches.
1.4 System Availability
IoT systems often rely on real-time data processing and communication. Network resilience ensures that data flows seamlessly, allowing IoT devices to exchange information and execute tasks without interruptions. It supports critical functions such as monitoring, control, and decision-making processes.
1.5 Risk Management
Building network resilience helps organizations effectively manage risks associated with IoT deployments. By identifying vulnerabilities, implementing protective measures, and having response plans in place, organizations can minimize the impact of security incidents, reduce financial losses, and maintain the trust of stakeholders.
1.6 Regulatory Compliance
Many industries have specific regulations and standards governing the security and resilience of IoT networks. By ensuring network resilience, organizations can demonstrate compliance with these requirements, avoiding penalties, legal issues, and reputational damage.
2. Factors to Consider for Network Resilience
Implementing redundancy and failover mechanisms within the network infrastructure helps mitigate the impact of single points of failure. This involves deploying backup systems, redundant network paths, and failover mechanisms to ensure continuous operation despite a failure or attack. Traffic Monitoring and Anomaly Detection for Continuous network traffic monitoring helps identify abnormal patterns or behaviours that may indicate security threats or attacks. By leveraging intrusion detection and prevention systems (IDPS) and traffic analysis tools, organizations can promptly detect and respond to network anomalies, safeguarding network resilience. Moreover, segmentation and Isolation: Dividing the IoT network into segments or zones and isolating critical devices or systems from less secure ones enhances network resilience. Implementing proper network segmentation, VLANs (Virtual Local Area Networks), or software-defined networking (SDN) enables effective control, containment, and mitigation of security incidents.
DDoS attacks significantly threaten network resilience by overwhelming the network's resources and causing service disruption. Deploying robust DDoS protection measures, such as traffic filtering, rate limiting, and traffic diversion, helps mitigate the impact of such attacks and ensures network availability. Incident Response and Establishing comprehensive incident response and recovery plans specific to IoT network security incidents is crucial. These plans should outline clear procedures, roles, and responsibilities to efficiently respond to and recover from security breaches or disruptions, minimizing downtime and maintaining network resilience. In addition, regular penetration testing, vulnerability assessments, and network audits help identify weaknesses and vulnerabilities in the IoT network infrastructure. Promptly addressing these issues through patches, updates, and security configuration adjustments strengthens network resilience by proactively addressing potential security risks.
By implementing these measures, organizations can enhance the resilience of their IoT networks, ensuring continuous operation, prompt threat detection, and effective response to security incidents. Network resilience plays a vital role in maintaining IoT systems' integrity, availability, and reliability in the face of evolving security challenges.
3. Top Trends in IoT Security
3.1 Zero Trust and AI
Zero Trust is an emerging security concept that assumes no implicit trust towards devices or users, even if they are already inside the network perimeter. Implementing Zero Trust principles in IoT networks can help mitigate the risks associated with compromised devices and unauthorized access for IoT security. In order to bolster cybersecurity measures, adopting a zero trust approach. Effectively addressing cybersecurity challenges entails not merely technological solutions but a comprehensive organizational strategy rooted in cultural and policy frameworks. Emphasizing the zero trust concept underscores the importance of policy implementation throughout the entire organization, complementing technological measures.
3.2 Supply Chain Security
The complex and interconnected nature of IoT supply chains introduces security risks. The supply chain for IoT devices involves multiple stages, including device manufacturing, software development, distribution, and deployment. Each stage presents potential security risks that can compromise the integrity and security of the IoT network. This includes adopting secure supply chain management practices, such as verifying the security practices of suppliers and manufacturers, and establishing clear security requirements and standards for the entire supply chain. Conducting third-party risk assessments helps evaluate the security posture of suppliers and vendors to identify any potential vulnerabilities or weaknesses.
3.3 Network Segmentation and Segregation
In IoT security, minimizing the potential impact of a compromised IoT device is crucial, and network segmentation and segregation play a vital role in achieving this goal. Network segmentation involves dividing the network into separate zones or segments, based on factors such as device type, functionality, or security requirements. The containment strategy helps minimize the impact of a security breach by isolating compromised devices and preventing lateral movement within the network.
3.4 Over-the-Air (OTA) Updates
Software updates play a critical role in maintaining the integrity and security of IoT devices. IoT devices frequently require updates to address software bugs, patch vulnerabilities, or introduce new features. Over-the-Air (OTA) update mechanisms are being enhanced with robust security measures to ensure the secure delivery and installation of updates. Code signing is a prevalent practice where updates are digitally signed with cryptographic keys to verify the authenticity and integrity of the software. Secure boot is another important mechanism that establishes a chain of trust during the device boot-up process, ensuring that only authorized and tamper-free software is loaded onto the device.
3.5 Device Authentication and Authorization
The increasing number of IoT devices poses a significant challenge in ensuring secure and trusted authentication and authorization. Two-factor authentication (2FA), for example, adds an extra layer of protection by requiring users or devices to provide two separate forms of authentication, such as a password and a unique code sent to a mobile device. Digital certificates, on the other hand, enable secure and trusted device authentication by leveraging public key infrastructure (PKI) technology. Each IoT device is issued a unique digital certificate, which serves as a digital identity, allowing for secure communication and verification of device authenticity.
3.6 Software-defined Networking (SDN) Security
Securing Software-defined Networking (SDN) environments is paramount to protect IoT deployments. SDN offers centralized control and management of network resources, providing flexibility and scalability. This ensures that only authorized entities can access and make changes to the SDN infrastructure, preventing unauthorized access and configuration changes. Additionally, continuous traffic monitoring and analysis enable the detection of suspicious activities and potential security breaches. Encryption IoT standards and protocols should be employed to secure communication between the SDN controller, switches, and IoT devices, safeguarding data privacy and integrity. Network segmentation within the SDN environment helps limit the impact of security breaches, reducing the attack surface.
3.7 Identity and Access Management (IAM)
Implementing IAM solutions, such as role-based access control (RBAC) and multi-factor authentication (MFA), within IoT networks significantly enhances network security. IAM ensures that only authorized individuals can access and interact with IoT devices and systems. RBAC enables administrators to assign specific access privileges based on user roles and responsibilities, reducing the risk of unauthorized access. Additionally, incorporating MFA adds an extra layer of security by requiring users to provide multiple forms of authentication, such as a password and a unique token or biometric verification. This significantly reduces the risk of unauthorized access even if a user's credentials are compromised.
4. Conclusion
The technologies discussed in this article play a crucial role in enhancing IoT network security and resilience. By leveraging these technologies, organizations can mitigate the risks associated with IoT deployments, protect against cyber threats, and ensure the reliability and continuity of their IoT networks. As the IoT landscape evolves, staying up-to-date with these top technologies will be essential for organizations to maintain a robust and secure IoT infrastructure.
The transformative landscape of Industry 4.0 demands strong network security in IoT environments. The top technologies discussed in this article empower organizations to enhance network resilience, protect against cyber threats, and ensure the uninterrupted functioning of IoT networks. Embracing these technologies and staying ahead of emerging threats, helps organizations build a secure foundation for their IoT deployments and capitalize on the vast opportunities offered by the IoT ecosystem.
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Enterprise Iot
Article | July 20, 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 10, 2020
As development teams race to build out AI tools, it is becoming increasingly common to train algorithms on edge devices. Federated learning, a subset of distributed machine learning, is a relatively new approach that allows companies to improve their AI tools without explicitly accessing raw user data. Conceived by Google in 2017, federated learning is a decentralized learning model through which algorithms are trained on edge devices. In regard to Google’s “on-device machine learning” approach, the search giant pushed their predictive text algorithm to Android devices, aggregated the data and sent a summary of the new knowledge back to a central server. To protect the integrity of the user data, this data was either delivered via homomorphic encryption or differential privacy, which is the practice of adding noise to the data in order to obfuscate the results.
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