The IoT landscape is continuously pacing forward and showing no signs of slowing down. It is expected that by 2020, about 50 billion devices will be connected to the internet.
A recent study shows that almost 48 percent of the organizations with an IoT network have experienced a security breach that has cost them millions of dollars and moving forward this situation is expected to only worsen. Attacks are coming in from all angles and channels, with IoT creating a much larger attack surface.
Solutions that organizations have relied upon in the past will not help mitigate the massive security challenges that companies are facing today.
The scope of IoT is far too complex for that. The centralized security models currently used by organizations are not up-to-date and involve high infrastructure and maintenance cost associated with centralized clouds, large server farms, and networking equipment.
Hence, it is important for organizations to have in place intelligent systems that know when to take a proactive or defensive action against breaches and attacks. Additionally, when it comes to the massive number of connected devices in businesses, it is highly challenging for IT staff and security teams to manually identify, analyze, and stop risky activities and breaches.
However, an intelligent IoT security system to identify devices and behavior patterns that represent a threat and spot all connected devices and the vulnerabilities they might introduce will enable organizations to better protect their data. Moving forward, technologies like blockchain and quantum computing will also be used for IoT security.
IoT security is not a matter of choice anymore, it is a requirement.