The Internet of Things (IoT) or Connected Devices describes the networking of physical objects that contain embedded technology to communicate and sense or interact with the real world. Connected devices provide a bridge between the digital and physical worlds. Individuals and businesses are increasingly deploying connected devices in new and imaginative ways, disrupting traditional markets.
The proliferation of connected devices, according to Gartner, is estimated to reach 25 billion by the year 2020 with the market predicted to generate $14.4 trillion by 2025. However, according to the Internet of Things Institute, concerns around security and data privacy are negatively impacting the adoption rate. There have been several high profile cyber security incidents involving Connected Devices in recent months and as the adoption rate increases these issues are likely to get worse before they get better.
Some predictions for 2017 are:
- “Hackers will continue to use IoT devices to promulgate DDoS attacks”, Forrester.
- “There will be a large-scale IoT security breach”, Forrester.
- “People who make Internet of Things (IoT) devices still aren’t getting the message on security. And as these devices proliferate, the danger of increased attacks is getting more real.”
- “By 2020, more than 25 percent of identified attacks in enterprises will involve IoT, although IoT will account for less than 10 percent of IT security budgets”, Gartner.
- “IoT Security will remain the chief concern about deployment”, 451 research
It is the responsibility of all involved in the development and deployment of connected devices to ensure that the they meet a minimum set of security and data privacy characteristics allowing consumer confidence to grow and the market to reach its potential. Gemserv understands this, and based on our expertise in Information Security, Data Protection and Smart Metering is well positioned to address these issues.
To this end Gemserv has developed several services aimed at the security assurance of connected devices: