IoT’s great potential: As technology costs have fallen, the benefits of the Internet of Things across sectors such as consumer, domestic, retail, manufacturing, energy, transport, health and public infrastructure have become increasingly attractive and realisable. The economic opportunity for those diverse connected systems is often estimated in trillions of dollars and employing billions of devices. With the advent of IPv6, the number of available individual addresses is a staggering 340 trillion, trillion, trillion. The trend is clear; systems are increasingly embedded, connected, scalable and growing in complexity.
The economic impact of IoT will be measured in $trillions. The number of connected devices will be measured in billions. With IPv6, over 340, trillion, trillion, trillion addresses are available. The IoT opportunity is huge.
Along with the opportunity comes the security challenge: With more and more devices becoming connected, the attack surface for adversaries is target-rich. What is considered secure today may not be tomorrow. A typical IoT system will rely on data and networks of variable provenance, devices may be expected to run on batteries for many years and new vulnerabilities are likely to be required to be patched in the field and at scale. Whilst we can learn lessons from the pc and mobile era’s, IoT systems are breaking new ground and so are the security challenges.
IoT security is top concern for executives. Along with the technical challenges, IoT security is on the board room agenda. With more than just reputations at stake, it is imperative that technology providers, system adopters and users work together to ensure security is fit-for-purpose. It is fundamental to the adoption of systems and reaping the social and business benefits.