We have entered an era of smart devices where from washing machines, TV’s to refrigerators and AC’s everything is connected with the internet. As per reports by Cisco, the number of devices connected with the internet will exceed 50 billion by 2020. However, there are certain risks associated with IoT devices which every user must be aware of. Here we have listed some of them which demand user’s attention.
- Security Risks
There are a number of loopholes associated with IoT security, which a hacker takes advantage of. Security attack can be categorized into network, physical, software and encryption attack, each of which has its own consequences.
- Physical attacks target hardware of an IoT system and attackers physically harm the device to disrupt the services.
- Network attack on the other hand aims at disrupting the network layer of the device. DDoS attack is an example of network attack.
- Software attack is launched on the software with an intention to steal information & exploit the device.
- Encryption attacks target the implementation of algorithm on which the device works.
So, the user must possess thorough knowledge of the types of security risks and attacks to take preventive measures well in advance.
- Legal Risks
Legal issues related to product liability can arise. For example, if an autonomous car gets into an accident, who shall be held liable? Now this is a legal issue as it is difficult to figure out whether the owner, manufacturer, passenger or the person who coded the software is at fault.
- Privacy Risks
Since a lot of factors influence data protection, there are a variety of privacy risks associated with IoT. The number of cyber-attacks is soaring high and this has become a serious issue as nowadays most devices are connected to internet making it easier for cyber criminals to steal the information. This information can be applied to infer certain results or to be sold in the dark market which might be used against the IoT device user.
- Lack Of Authentication/ Authorization
A lot of vulnerabilities could lead to this issue. Lack of complex device password & two factor authentication, insecure credentials etc. are more like an open invitation to cyber criminals to hack the devices and disrupt the operations.
- Insecure Cloud Interface
- Insecure Mobile Interface
- Insecure Network Services
IoT devices now play a mainstream role in our lives, and have become a major part of our official & personal space. Thus, it is important to take a note of all the risks associated with IoT in order to understand the impact they can have on us. It is high time that we take necessary measures to mitigate the risks associated with IoT so that we can enjoy maximum benefits that technology offers us.
For more information about IT Security, call Centex Technologies at (254) 213-4740.