Technology is ever-evolving. There is always something new in the industry. And the two terms which are being most discussed today are artificial intelligence (AI) and the Internet of Things (IoT). AI has captivated all of us and it seems to continue with its potential. The spotlight has also turned towards IoT. Organizations increasingly prioritize its integration into business strategies.
IoT is basically known for its ability to enhance efficiency and operational streamlining. Lately it has become a key focus for several business houses. However, benefits apart, there is a growing concern with respect to security vulnerabilities.
A couple of recent reports have pointed out the security issue. Data reveals that there was a 400% surge in IoT malware attacks in 2013. It is an indication that poorly secured IoT devices attract cybercriminals. The surge raises alarming questions about corporate IoT networks safety and simultaneously the readiness of organizations to counter such threats.
The rising number of cyberattacks begs the question as how are companies preparing to confront the challenges in 2024?
It is important to first examine the current trends in IoT security and then look for expert insights. One concerning issue is the disconnection between networking and security teams. This results in dangerous blind spots and afterwards the IoT devices are left vulnerable to exploitation.
It is also learned that the repercussions of IoT-related breaches are costlier than that of traditional cyberattacks. Businesses are gradually navigating through the hybrid work environment and employees rely heavily on IoT devices. The risk of Distributed Denial of Service (DDoS) botnets arises and it targets such devices as entry points.
It is strongly suggested that organizations must prioritize IoT security alongside the AI initiatives. This may strengthen collaboration between networking and security teams. This may implement comprehensive security protocols. It is also suggested to invest in IoT-specific cybersecurity solutions.
