Things have changed rapidly since the dawn of the digital era. However, while technological advancements have transformed the world around us in numerous ways, the flip side of the coin is becoming uglier by the day
Fremont, CA: While the IoT infrastructure provides numerous benefits in terms of convenience, collaboration, and productivity, it also poses serious security risks, including direct attacks on IoT devices and device-generated data privacy issues.
Malicious activity can infiltrate even the most secure IoT devices, networks, and systems. Here are a few examples of impending cyber threats.
Distributed Denial-of-service Attacks
A DDoS attack involves:
• Flooding a server with redundant requests.
• Overloading it.
• Forcing it offline due to its inability to accommodate these requests.
Data Breaches Caused by IoT Devices
Sensitive information about the company or its employees could be easily leaked in this manner. However, gaining access to a publicly accessible device and breaching these IoT devices is not difficult for hackers.
Inadequate Encryption
Perhaps the most vulnerable to cyberattacks are communication channels. Data that is not adequately encrypted and is shared over private or public networks can be stolen or tampered with. This spells disaster for IoT networks because it allows hackers access to company systems and networks.
Other significant challenges in this area include:
• DNS poisoning.
• Diverting and re-routing communication away from a legitimate application server.
• Leakage of sensitive data without the data owner's knowledge or permission.
Improving the IoT Environment
As companies continue to invest in fortifying the IoT environment, it is natural that technologies such as AI and ML will be used to protect data and devices and prevent attacks.
Through continuous monitoring and analytics, AI-enabled solutions can protect your valuable assets and reduce the risk of fraud.
Businesses will want to learn from their mistakes in the past. Enterprises that want to improve their IoT ecosystem and detect fraud early must learn from the mistakes or failures of others. Furthermore, you must understand why your apps, devices, or IoT networks are vulnerable to fraud.
Identifying these flaws and conducting regular IoT security audits are critical to ensuring that your IoT traffic does not fall victim to malicious actors.
