Internet of Things: A Sneak Peek to the Possible Challenges in 2020

IOT
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Internet of Things:

A nexus of devices varying from mobiles, home appliances, industrial machines, internet servers, hydropower generating plants, and other umpteen things. The grand nexus allows companies to benefit and make mega products and services.

IOT, Internet of Things
Internet of Things

These products and services will serve other companies and consumers alike to bring a new wave of changes in the function of businesses or lives. To make it simple, anything to everything could be connected to make a global network of devices. However, this mega technology is not short of possible challenges. Like any other technology on the planet, it could be subjected to problems or difficulties.

Let us go ahead and discuss what those challenges are in Internet of Things and how to tackle them.

  • Security

The security of technology could be subjected to fragility. The hackers could use the security loophole, enemies of the state, and others to penetrate the global network and control devices according to their wishes. According to a report, the annual cybercrimes amount to an estimated 1 trillion US dollars, which is exceeds the rehabilitation cost of natural disasters like Hurricane Sandy and Katrina.

However, with AI technology, the potential threats can be detected by the AI algorithm and thwarted then and there. Therefore, all is not that bad.

  • Privacy

Penetrating your device is not only a crime but also an issue of user privacy. The data stolen via hacking could be used for harmful ideologies against humanity. A study conducted by the University of Glasgow suggests that consumers are not confident in the protection of their privacy by IoT. Besides, the present data protection laws across the globe have not elicited enough confidence in the end-users. Thereby, the users’ confidence in data privacy is not evident.

  • Obsolete hardware or software

The hardware used for the IoT network must be updated, and the firmware supported must be too. However, because of the huge costs involved in the replacement of the old hardware with the new, companies tend to delay updating the hardware and software – unless there’s a significant risk. This sometimes opens up new vulnerabilities within the system to the outsiders who may infect the network with malware. However, with updated firmware, the system can be fortified on time.

  • Social Engineering

The biggest threat to a fortified system is a human being. Even if military-grade encryption is applied, the passwords can be hacked via social engineering. Social engineering is a process of leading the vulnerable users to reveal their credentials. These credentials are then used to break the system and use it for malicious purposes. To counter such attacks, continuous cyber-security training must be imparted on the employees. Also, those employees must be validated for their cyber-security knowledge. Only then the possibility of social engineering reduces.

All is not bad though, security companies are constantly working to implement AI technologies to detect any anomalies and prevent the attack from happening. Therefore, companies and end-users must always follow the security protocols defined and avoid being a loophole for a full-fledged cyber-attack.

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