Episode 12 focuses on the very immune system as the heart of any mechanism. Jack Wolosewicz explains that such a system is critical to the survival of any software. The future of the IoT seems to be extremely promising.
Therefore it’s of the paramount importance to develop state-of-the-art immune systems. Without such solutions the IoT will not monetize as customers will not invest their money in systems prone to hacks. Customers will not buy cars vulnerable to hijacks, live in smart homes turning against their inhabitants or use smart grids which can be hacked.
Trust is then essential to realize the full potential of the IoT
The biggest challenge most IoT manufacturers are facing today, from connected cars to smart home solutions, is not the technology itself but consumer distrust. However, the IoT brings unique challenges with respect to cyber security. This is in part due to the fact that many are low powered devices with limited processing capacity that are deployed in uncontrolled environments. Moreover, securing the IoT is a non-trivial task, given the heterogeneity of devices.
However, it is also fair to say that the security of IoT devices has been a low priority for manufacturers, with the lack of even basic in-built security features (such as software updates and the use of unique passwords) being well-documented. For example, research has shown that – by taking advantage of hardware or protocol flaws – attackers can exploit man-in-the-middle attacks to intercept communications from and to wearable devices to steal personal information, invading user’s privacy and exposing them to the risk of identity theft. Attackers can also take advantage of the weak authentication and encryption protocols used in many cameras enabling them to eavesdrop on camera streams, again raising privacy concerns and creating opportunities for crime. Such concerns may impede consumer confidence in, and the uptake of, the benefits the IoT promises to deliver. Consequently, addressing these concerns is of paramount importance.
A 2019 survey done in Australia, Canada, France, Japan, the U.K. and the U.S. revealed that 63% of consumers even find connected devices “creepy”. Another global survey found that as many as 60% of consumers worldwide are worried about security of the connected devices. The global study, “The Impact of Trust on IoT”, found that privacy (over 60%) and security (over 50%) were the top IoT trust concerns. Restoring public confidence in the connected paradigm is the biggest challenge the IoT faces today.
Why ELIoT Pro?
Summarising, cybersecurity is a gateway to all those industries since without a proper immune system, they will not survive.
IoT devices and networks currently suffer from a lack of security leaving them vulnerable to a wide range of cyber- attacks. Whether it’s rogue nations, thieves or terrorists attacking vulnerable networks, cybercrime is a multi-trillion dollar global threat. When IoT devices are hacked by cybercriminals, it can create devastating financial and reputational damage, and may even endanger human lives.
ELIoT Pro is an universal system. With ELIoT Pro, the world’s first end-to-end cyber security solution for IoT networks developed by Cyberus Labs, you will no longer have to worry about cybercrime, knowing that your IoT users, devices and data are ultra-secure.