According to Juniper Research, the number of IoT (Internet of Things) connected devices will number 38.5 billion in 2020, up from 13.4 billion in 2015: a rise of over 285 percent. Consumer IoT, especially as it relates to the smart home, has received significant attention, especially because of the prevalence of online gaming, video streaming, home audio and home video security systems. With the new year on the horizon and smart home devices set to remain among the top purchases in 2020, this article focuses on the top reasons that devices are expected to malfunction over the next 12 months. IoT is rapidly becoming a transformative force, delivering the digital lifestyle to billions of people. Integrating an amazing array of smart devices with internet connectivity, the IoT market already includes more than 25 billion devices in use.
More and more, we're filling out homes with "smart" / connected devices beyond old school computers, from thermostats to security systems to kitchen appliances. Enterprises are bringing a whole range of processes, objects and spaces online to amplify human potential as well. The Internet of Things (IoT) has enormous potential, but connecting everything has a side effect: increased vulnerability. We must consider the fundamentals of IoT cybersecurity to protect ourselves personally and professionally. Top concerns are best practices, the concept of "security by design" and device security certification programs.
With the increasing pervasiveness of smartphones across the globe, it's becoming more common for companies to want to connect their products and devices to the Internet, since connectivity typically adds value to consumers' experiences with these products and devices. Connectivity also helps companies compete in a highly connected world. However, connectivity can also be a bit of a double-edge sword, creating security vulnerabilities and privacy concerns where there were none before. This is especially the case when the most basic of cybersecurity hygiene is ignored by manufacturers and/or consumers or when cybersecurity best practices are simply unknown to end users. One of the lowest hanging fruits in the world of connected-device security is changing user names and passwords from the manufacturer's default settings.
In the race to gain marketshare by offering consumers the lowest prices for the connected devices they want and need, some important boxes are being hastily checked--or not checked at all. Security isn't something that makes a device look sexier; it doesn't necessary improve the user experience, and it doesn't drive costs down. However, security is something that more connected-device manufacturers and platform providers must start prioritizing. If they don't, it will create problems down the road. Pepper IoT, an IoT (Internet of Things) platform and service provider, and Dark Cubed, a cybersecurity solution provider for small and midsized companies, recently partnered to raise industry and consumer awareness about security and privacy vulnerabilities in connected devices currently available at major U.S. retailers.