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Jan 24, 2018

IoT Security Best Practices

IoT Security Best Practices

A Closer Look at 2018 Security Trends: How Will Providers Secure the IoT and Our Increasingly Connected World?

With Amazon Alexa on your nightstand, your Nest thermostat watching your energy consumption and your Samsung “fridge of the future” letting you know when you’re low on ketchup, you’re likely interacting with an ever-growing collection of devices and receiving their analytics in real time.

Our last post covered the ten largest trends transforming the security market today. We’ll delve into the first two here; they are perhaps the easiest to observe since the Internet of Things (IoT) is exploding with unprecedented growth. 

Trend 1:  The IoT is Taking Over

It’s true—we’re fully in IoT age. Gartner Inc. projects that the planet will contain 20.4 billion connected devices by 2020. Out of 20.4 billion, 12.9 billion would be consumer-related and 7.5 billion would be from businesses, up from an 8.4 billion total in 2017. While consumer devices eclipse enterprise devices by their sheer number, businesses used 3.1 billion connected “things” in 2017 and clocked in at the majority, 57 percent of spending for IoT in 2017.

Whether for business or not, each and every connected device or appliance is at risk for security breaches.

Internet of Things Security Best Practices:  How Can Providers Secure the IoT?

Both vertical and cross-industry IoT uses abound. While process sensors for electric generating plants and real-time location devices for healthcare lead the IoT’s growth, cross-industry uses that cut across silos are forecasted to outpace these in the next year.

These crossovers include items like LED lighting and physical security systems that can be applied virtually anywhere. For 2020, it’s projected that vertical industry-specific devices will number 3.2 billion units and cross-industry will be 4.4 billion.

By 2018, IDC Research predicts that 66% of these networked entities will suffer a security mishap. That’s where security providers come in. Using predictive modeling and situational awareness to stay ahead of hackers, they can help keep this IoT running smoothly. In the coming year, their current focus on client data will shift to client safety, industrial industry operations and national infrastructure, as these sectors become more vulnerable.

Trend 2:  Everything Will Be Connected

As everything we rely on becomes connected, security becomes one more piece of the connectivity puzzle. Consumers will expect a seamless service, along with convenience and easy integration with other systems. What began as finite security systems now encompasses a much wider range of solutions:  video, smart sensors, water detection, automating devices and even energy-managing devices.

Businesses salivate at this connectivity and corresponding built-in security because they see the greater ROI payoff in energy and lighting savings, among others. 

Internet of Things Security Best Practices:  How Can Providers Secure Everything?

As the new smart home sensors reach an unimaginable 4.5 billion by 2022, the building and managing of homes will undergo unfathomable changes, starting in 2018. Looking just a few years ahead, almost every IoT device we own will have a sensor and will feature voice control, AI and analytics. These devices will tie into home security, manage water and energy use, automate regular functions, and provide remote access. The Security Industry Association (SIA) even speculated that Amazon Alexa and Google Home would offer security systems soon.

Both traditional and new security providers are shifting to service the market with DIY or self-install equipment. Security providers must offer services specifically designed for these connected systems and follow with excellent customer service since consumers are used to seamless functionality.

One boon to providers is that many of these services can be performed remotely, saving them site visits and their corresponding costs. On the business front, the security providers that can provide these new services to enterprises will reap tremendous benefits as they seek to save their clients money and time as well.

Our next two trends touch on Big Data. We’ll explore how we’re digesting it better and faster and how we disseminate it in real time harnessing the power of social media. The pace of change is fast, but IST is on top of it. For more information on how IST can help you leverage these exciting trends, contact us here.