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The Imminent Security Fiasco of IOT

Everyone in this world has their own baggage.

Nothing in this world is so perfect that it has no drawbacks. In our last article, we shared with you how Internet of Things is the next big thing in the world of technology. It is definitely going to be a revolution in the field of internet and would change the way we live in today’s world. But, it really raises a big concern in terms of our privacy and security. With more and more daily appliances being connected to the same network through IOT, we become extremely vulnerable to online hackers. The concept of Internet of Things opens broad doorways for them to intrude into over privacy.

Companies are under a process to smarten your everyday appliances like the toaster, electrical sockets, refrigerators etc. A washing machine which was used only for washing clothes can now send an email to us on our smartphones when the clothes are done and are resting for a long period in the machine. You can control your toaster from halfway across the globe. All this sounds fascinating but seriously insane at the same time. It’s estimated that about 20 Billion things would be connected to the internet by the year 2020. 5 Billion things are already connected to the internet. The figure is huge and every one of us only sees the bright future of IOT, completely ignoring its dark side.

Let’s see an example – Many Internet of Things devices are connected to a smart hub for convenient access and use. Devices right from your smart refrigerator to your smart security lock system are all connected to the same network. Unfortunately, some of the things connected to the smart hub are very vulnerable. An attacker can walk up to your front door and open your smart lock which is connected to the same smart hub. For specific smart hub products, it’s absolutely certain if the attacker gains access over home’s WiFi network. Vulnerability among some of these devices (GPS device specifically) may allow cyber criminals to search and locate these smart locks while you drive around the city. This concept is commonly known as “War Driving”. Attackers can even monitor your activities through the security cameras once they hack into your smart hub or WiFi network.

The makers of these smart devices are sweating it out on manufacturing the next model of these products every day. But, they aren’t spending any time in improving the security of these devices. Probably that’s because they don’t have anything to lose. The sad truth is that Internet of Things has no safety standards or laws enforcing these companies to comply with.

There are various other security threats as well. Imagine your next-gen smart toilet paper holder is connected to the internet under IOT. Now this device barely has any information stored. But, if a hacker hacks into this device he can easily target your laptop connected to the same WiFi. Your laptop will have very valuable information like your passwords to several accounts, Social Security Number, banking information and lot more. All these information will be exposed to the hacker and the consequences can be dreadful.

During the inception of ‘Internet’, the idea of security was never kept in mind. This resulted in constant security challenges faced by the world every now and then. Hackers have always taken advantage of this mistake and sometimes have managed to achieve disastrous results. The mistake committed at that time should not be repeated in the case of IOT. We cannot afford to overlook the security concerns while developing the Internet of Things.

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Here’s Why Iot Is The Next Big Thing In The Tech World

Because of the Internet of Things more electronic devices are connected to the Internet and they are talking to each other behind your back. Today, IoT has become a major part of our lives in ways you probably didn’t know. Slowly and gradually it has gained a lot of popularity recently and is being labelled as the next big thing in the world of technology. Here are a few facts that make IoT really the next big thing in all our lives:

1 . Internet of Things Has Already Impacted

The Internet of Things is an emerging technology where machines are embedded with sensors that allow them to relay data to each other with little to no human involvement. Basically, it means all sorts of everyday items are connected to the internet which could potentially transform the way we live. One of the earliest examples of this concept goes back to the early 70’s when the first ATMs went online. Some items you use which are already incorporated with IoT include the Apple watch, Fitbits, and smart home appliances like refrigerators. Many other items are in the midst of getting the IoT treatment like cars on the streets. This could facilitate the flow of traffic during the rush hours.

2. Big Businesses Are Already Pouring In Huge Investments

In 2008 there were officially more devices connected to the Internet than there were human beings on the planet. And by 2020, that number is expected to soar up to 50 Billion according to CISCO. Tech companies see a promising future for Internet of Things claiming that it will make businesses more efficient. In a recent report, GE predicted that IoT will add as much as 10-15 Trillion dollars to global GDP in the next 20 years. According to projections by Business Insider, these products will outperform the tablets, PC and phone market combined. For the time being the largest market will be smart home technologies such as thermostat made my NEST, a company Google bought for 3.2 Billion dollars. As per the BI Intelligence, the IoT market is estimated to be worth 490 Billion dollars by 2019.

3. IOT Is A Boon To Medical Science

Internet of things could literally save more lives. Although the biggest pie of benefits will be gulped by the tech giants, it can really benefit medical science. IoT can completely revolutionize the patient care management system. It will enhance the communication between the doctors and their patients as well. IoT technology can also help in emergency situations like a heart attack. Relevant information about patient’s medical history can be forwarded to the operating doctor before the ambulance arrives with the patient. This will expedite the entire operating process giving the doctor some crucial extra minutes to figure out the best treatment possible.

4. WiFi Developments Will Add To The Power Of IoT

Scientists and engineers at the University of Washington have invented a WiFi system that transmits Wifi using 10,000 times less power than the current generation routers. This could allow very low powered sensors to be placed into just about anything. Another system Power Over WiFi or POWiFi allows enabled devices to convert WiFi signals into DC current. Soon the devices could be powered by WiFi. If engineers could bring the ease of technology together, devices and appliances could be interconnected and continue to run on an energy loop powered by that same WiFi. This will only make IoT more efficient, accessible and convenient for us.
Although it’s too soon to predict the exact fate of Internet of things, the aforementioned facts surely pose a very bright and promising future. The tech gurus across the globe are predicting a thumping positive impact of this technology. Well, let’s see how IoT change the way we live today hoping the change will be only better for us.

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